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Thursday, 24 March 16
PERSISTENT OVERCAPACITY TO PROLONG CHINA'S COAL SECTOR DOWNTURN - FITCH
 China's coal sector is likely to remain under pressure in the short to medium term as structural weaknesses in demand and overcapacity persist, says Fitch Ratings in a new report. Fitch expects the overall financial health of the sector to weaken further over the next two years.
Fitch estimates that the Chinese coal sector will have up to 3.3 billion tonnes of excess capacity within the next two years, versus declining annual consumption of less than 4 billion tonnes per annum for the past two years. This calculation is based on 1.4 billion tonnes of existing idle capacity at end-2014, plus up to another 1.9 billion tonnes of capacity under construction - based on historical fixed-asset investments (FAI) in the sector.
The central government is taking steps to reduce capacity in the industry. This includes the State Council's capacity phase-out target of 500-1,000m tonnes in the next three to five years and the establishment of the Industrial Company Structural Adjustment Special Fund, which aims to address layoff problems in oversupplied industries. However, the phase-out target is less than one-third of the likely excess capacity in the system. In addition, we think that implementation of the phase-out target is likely to be slow. This is because local governments - which control state-owned coal producers accounting for around half of the country's coal production - need to balance phase-out measures against issues of social stability.
At the same time, demand for coal in China has been reduced by economic rebalancing towards more sustainable and less energy-intensive growth, and curbs on polluting industries. Coal consumption fell in 2014 for the first time in this century. Overcapacity in the seaborne market puts further pressure on Chinese coal prices.
Fitch expects an increasing number of coal producers to fall into financial.
The sector's financial leverage, which is already high due to aggressive debt-funded capital expenditure in prior years, could rise further as weak profitability and high interest expenses erode coal producers' FCF generation. Miners enjoying economies of scale, a higher degree of vertical integration, and good access to high-quality and low-cost mines are likely to survive and benefit from industry consolidation, while those lacking cost advantages and funding access will be forced to exit.
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Wednesday, 12 June 24
CHINA ACCOUNTS FOR 16.3% OF AUSTRALIA'S COAL EXPORTS, FOLLOWED BY INDIA 14.4% - BANCHERO COSTA
Global coal trade has really picked up pace in recent months, and is now fully back to pre-Covid levels says Banchero Costa in its latest report.
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Wednesday, 12 June 24
LNG NEWBUILDING VALUES AT RECORD HIGH: 78 NEWBUILD ORDERS PLACED IN 2024, DOUBLING 2023 - VESON NAUTICAL
The number of LNG newbuilding orders have more than doubled from the same period last year where 34 orders were placed, compared to 78 in the first ...
Monday, 10 June 24
CHINA'S MAY COAL IMPORTS RISE 11% ON LOWER DOMESTIC OUTPUT - REUTERS
China’s imports of coal rose 11% in May from a year earlier, customs data and Reuters records showed on Friday, as lower domestic output this ...
Tuesday, 04 June 24
HOW DO WESTERN SANCTIONS ON RUSSIA IMPACT THE GLOBAL METALS, MINING AND COAL MARKETS - WOOD MACKENZIE
The geopolitical landscape for Russia, as a major supplier of various commodities, has undergone a dramatic transformation since the invasion of Uk ...
Friday, 22 March 24
CASE STUDY: DANGERS OF COAL CARGO - SKULD
Recently, a bulk cargo vessel carrying coal from South Africa to Singapore suffered a fatal accident, resulting in the deaths of three crew members ...
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Showing 21 to 25 news of total 6871 |
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- Globalindo Alam Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bulk Trading Sa - Switzerland
- Sindya Power Generating Company Private Ltd
- Barasentosa Lestari - Indonesia
- Rio Tinto Coal - Australia
- Port Waratah Coal Services - Australia
- Marubeni Corporation - India
- SMG Consultants - Indonesia
- Bhushan Steel Limited - India
- Tata Chemicals Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- International Coal Ventures Pvt Ltd - India
- Indika Energy - Indonesia
- Minerals Council of Australia
- Chettinad Cement Corporation Ltd - India
- Renaissance Capital - South Africa
- Sakthi Sugars Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Neyveli Lignite Corporation Ltd, - India
- Petron Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Bangladesh Power Developement Board
- Sree Jayajothi Cements Limited - India
- Kepco SPC Power Corporation, Philippines
- Medco Energi Mining Internasional
- Bhoruka Overseas - Indonesia
- Formosa Plastics Group - Taiwan
- Coal and Oil Company - UAE
- Jindal Steel & Power Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Gujarat Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Thai Mozambique Logistica
- The Treasury - Australian Government
- Krishnapatnam Port Company Ltd. - India
- Planning Commission, India
- Eastern Coal Council - USA
- Meenaskhi Energy Private Limited - India
- Ministry of Transport, Egypt
- Posco Energy - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement PLC, Thailand
- Indian Energy Exchange, India
- Georgia Ports Authority, United States
- Deloitte Consulting - India
- New Zealand Coal & Carbon
- TNB Fuel Sdn Bhd - Malaysia
- Sical Logistics Limited - India
- Parliament of New Zealand
- Straits Asia Resources Limited - Singapore
- Australian Commodity Traders Exchange
- SMC Global Power, Philippines
- SN Aboitiz Power Inc, Philippines
- PTC India Limited - India
- South Luzon Thermal Energy Corporation
- Bayan Resources Tbk. - Indonesia
- Kartika Selabumi Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Mercator Lines Limited - India
- Riau Bara Harum - Indonesia
- Malabar Cements Ltd - India
- Uttam Galva Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Energy Development Corp, Philippines
- Indogreen Group - Indonesia
- TeaM Sual Corporation - Philippines
- Videocon Industries ltd - India
- Price Waterhouse Coopers - Russia
- IHS Mccloskey Coal Group - USA
- Central Java Power - Indonesia
- European Bulk Services B.V. - Netherlands
- Coalindo Energy - Indonesia
- Metalloyd Limited - United Kingdom
- PNOC Exploration Corporation - Philippines
- McConnell Dowell - Australia
- Anglo American - United Kingdom
- Makarim & Taira - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Star Paper Mills Limited - India
- Altura Mining Limited, Indonesia
- Directorate Of Revenue Intelligence - India
- The State Trading Corporation of India Ltd
- OPG Power Generation Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Borneo Indobara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Therma Luzon, Inc, Philippines
- Cement Manufacturers Association - India
- Kapuas Tunggal Persada - Indonesia
- Grasim Industreis Ltd - India
- Madhucon Powers Ltd - India
- Global Green Power PLC Corporation, Philippines
- Dalmia Cement Bharat India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ceylon Electricity Board - Sri Lanka
- Global Coal Blending Company Limited - Australia
- Lanco Infratech Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- IEA Clean Coal Centre - UK
- Latin American Coal - Colombia
- Bukit Asam (Persero) Tbk - Indonesia
- Independent Power Producers Association of India
- Antam Resourcindo - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- ICICI Bank Limited - India
- Orica Australia Pty. Ltd.
- Leighton Contractors Pty Ltd - Australia
- Bhatia International Limited - India
- Aboitiz Power Corporation - Philippines
- Goldman Sachs - Singapore
- Mjunction Services Limited - India
- Carbofer General Trading SA - India
- Siam City Cement - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Oil Corporation Limited
- Heidelberg Cement - Germany
- GVK Power & Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- The University of Queensland
- Sarangani Energy Corporation, Philippines
- Indonesian Coal Mining Association
- Chamber of Mines of South Africa
- Simpson Spence & Young - Indonesia
- Baramulti Group, Indonesia
- Bukit Makmur.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cigading International Bulk Terminal - Indonesia
- Tamil Nadu electricity Board
- Toyota Tsusho Corporation, Japan
- Jaiprakash Power Ventures ltd
- Kohat Cement Company Ltd. - Pakistan
- CNBM International Corporation - China
- Sojitz Corporation - Japan
- CIMB Investment Bank - Malaysia
- Meralco Power Generation, Philippines
- Timah Investasi Mineral - Indoneisa
- Australian Coal Association
- Central Electricity Authority - India
- Coastal Gujarat Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Mintek Dendrill Indonesia
- Eastern Energy - Thailand
- Orica Mining Services - Indonesia
- Essar Steel Hazira Ltd - India
- Kobexindo Tractors - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Energy Link Ltd, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Singapore Mercantile Exchange
- Africa Commodities Group - South Africa
- Kumho Petrochemical, South Korea
- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- Manunggal Multi Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Vizag Seaport Private Limited - India
- ASAPP Information Group - India
- Global Business Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Power Finance Corporation Ltd., India
- Oldendorff Carriers - Singapore
- Xindia Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Intertek Mineral Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Edison Trading Spa - Italy
- Ambuja Cements Ltd - India
- Interocean Group of Companies - India
- Vedanta Resources Plc - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aditya Birla Group - India
- Standard Chartered Bank - UAE
- Ministry of Mines - Canada
- Trasteel International SA, Italy
- Karbindo Abesyapradhi - Indoneisa
- PowerSource Philippines DevCo
- India Bulls Power Limited - India
- Savvy Resources Ltd - HongKong
- Bukit Baiduri Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Commonwealth Bank - Australia
- Romanian Commodities Exchange
- Wood Mackenzie - Singapore
- White Energy Company Limited
- Sinarmas Energy and Mining - Indonesia
- VISA Power Limited - India
- Ministry of Finance - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- MS Steel International - UAE
- Thiess Contractors Indonesia
- Ind-Barath Power Infra Limited - India
- Larsen & Toubro Limited - India
- Electricity Authority, New Zealand
- Mercuria Energy - Indonesia
- Gujarat Sidhee Cement - India
- GMR Energy Limited - India
- Kaltim Prima Coal - Indonesia
- Merrill Lynch Commodities Europe
- Miang Besar Coal Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- London Commodity Brokers - England
- Alfred C Toepfer International GmbH - Germany
- Wilmar Investment Holdings
- Agrawal Coal Company - India
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- Karaikal Port Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Economic Council, Georgia
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