COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Thursday, 07 April 16
CHINA STEEL CAPACITY CUTS FACE SOCIAL, FINANCIAL HURDLES - FITCH RATINGS
Fitch RatingsFitch Ratings says today that the Chinese government's supply-side reform of the steel sector faces immense social and financial challenges. The government earlier this year said it aimed to eliminate 100 million to 150 million tonnes of capacity by 2020. The complete elimination of these capacities will likely result in significant job losses in the labour-intensive sector and huge financial losses, given the highly levered nature of most companies in the industry.

We believe that unless specific actions are taken to address these challenges, rapid capacity elimination in the Chinese steel sector is unlikely. This would in turn mean prices are likely to remain low, resulting in higher liquidity and default risks for steelmakers, many of which expanded rapidly since 2012 funded by short-term debt.

Based on industry productivity norms of 300 tonnes of steel per year per employee in China, elimination of 150 million tonnes of capacity would mean the loss of around 500,000 jobs in the industry, and potentially more in ancillary industries. This number may not appear large relative to China's working population, but the steel industry tends to by highly geographically concentrated. Layoffs in regions where steelmakers are large employers could result in prolonged dampening of related industries such transportation, power generation, and even retail.

Furthermore, the sector is highly financially levered, with the average debt-to-asset ratio at more than 70%. We estimate the industry has total debt of CNY3trn-4trn, excluding upstream funding through payables and unpaid staff costs. Out of this debt, one third is in the form of bank loans. Even the shutdown of 100 million tonnes of capacity, a reduction of less than10% of existing capacity, could significantly hurt lenders.


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Monday, 11 April 16
BDI ROSE TO ITS HIGHEST LEVEL IN FOUR MONTHS
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities continued to rose this week. The freight market was ...


Friday, 08 April 16
COASTAL ENERGEN CROSSES GENERATION OF 1068 MW AND EXPORT OF 1004 MW FROM ITS 1200 MW IPP
COALspot.com: Coal & Oil (C&O) Group, an India centric Energy & Infrastructure company announced that their Coastal Energen' ...


Friday, 08 April 16
WEEKLY US COAL PRODUCTION ESTIMATES DIP 5.4% TO 11 MMST
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 11 million short ...


Friday, 08 April 16
MINISTER OF ENERGY AND MINERAL RESOURCES OF INDONESIA TO ISSUE REGULATION TO GUARANTEE THE COAL SUPPLY TO ITS 35K POWER PLANT PROJECTS
COALspot.com: In order to guarantee the supply of coal for 35,000 megawatt (mw) coal based power plants ( still in planning stage), the Minister of ...


Thursday, 07 April 16
PANAMAX RATES ARE FIRMING IN BOTH HEMISHEPHERES - FEARNLEYS
Capesize With a great volume our of west Australia, rates were finally moving to upper 3's. and stabilizing towards the middle of the week in ...


   496 497 498 499 500   
Showing 2486 to 2490 news of total 6871
News by Category
Popular News
 
Total Members : 28,691
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Bhatia International Limited - India
  • Jaiprakash Power Ventures ltd
  • Ernst & Young Pvt. Ltd.
  • Sindya Power Generating Company Private Ltd
  • Directorate Of Revenue Intelligence - India
  • Straits Asia Resources Limited - Singapore
  • Ambuja Cements Ltd - India
  • Globalindo Alam Lestari - Indonesia
  • International Coal Ventures Pvt Ltd - India
  • IHS Mccloskey Coal Group - USA
  • Baramulti Group, Indonesia
  • Cargill India Pvt Ltd
  • CoalTek, United States
  • Anglo American - United Kingdom
  • Xindia Steels Limited - India
  • Kumho Petrochemical, South Korea
  • Maharashtra Electricity Regulatory Commission - India
  • Timah Investasi Mineral - Indoneisa
  • Central Electricity Authority - India
  • Neyveli Lignite Corporation Ltd, - India
  • SRK Consulting
  • Directorate General of MIneral and Coal - Indonesia
  • Therma Luzon, Inc, Philippines
  • Posco Energy - South Korea
  • Aditya Birla Group - India
  • Geoservices-GeoAssay Lab
  • ANZ Bank - Australia
  • MS Steel International - UAE
  • Vedanta Resources Plc - India
  • PNOC Exploration Corporation - Philippines
  • Maybank - Singapore
  • Essar Steel Hazira Ltd - India
  • SMG Consultants - Indonesia
  • Meralco Power Generation, Philippines
  • Lanco Infratech Ltd - India
  • SMC Global Power, Philippines
  • Gupta Coal India Ltd
  • Binh Thuan Hamico - Vietnam
  • MEC Coal - Indonesia
  • Petron Corporation, Philippines
  • New Zealand Coal & Carbon
  • Humpuss - Indonesia
  • UBS Singapore
  • IEA Clean Coal Centre - UK
  • Indika Energy - Indonesia
  • Parry Sugars Refinery, India
  • CIMB Investment Bank - Malaysia
  • NALCO India
  • Indogreen Group - Indonesia
  • Bhoruka Overseas - Indonesia
  • Intertek Mineral Services - Indonesia
  • OCBC - Singapore
  • Goldman Sachs - Singapore
  • Ceylon Electricity Board - Sri Lanka
  • Lafarge - France
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • EIA - United States
  • The State Trading Corporation of India Ltd
  • Miang Besar Coal Terminal - Indonesia
  • Kideco Jaya Agung - Indonesia
  • Deutsche Bank - India
  • PetroVietnam Power Coal Import and Supply Company
  • Wilmar Investment Holdings
  • IBC Asia (S) Pte Ltd
  • Karaikal Port Pvt Ltd - India
  • Infraline Energy - India
  • RBS Sempra - UK
  • Coastal Gujarat Power Limited - India
  • CCIC - Indonesia
  • J M Baxi & Co - India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Romanian Commodities Exchange
  • Maheswari Brothers Coal Limited - India
  • Grasim Industreis Ltd - India
  • Latin American Coal - Colombia
  • Maruti Cements - India
  • Jatenergy - Australia
  • Mechel - Russia
  • GAC Shipping (India) Pvt Ltd
  • Kaltim Prima Coal - Indonesia
  • Bulk Trading Sa - Switzerland
  • Mitra SK Pvt Ltd - India
  • Rudhra Energy - India
  • Medco Energi Mining Internasional
  • Global Business Power Corporation, Philippines
  • Krishnapatnam Port Company Ltd. - India
  • Bahari Cakrawala Sebuku - Indonesia
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Kohat Cement Company Ltd. - Pakistan
  • The Treasury - Australian Government
  • Cardiff University - UK
  • Bayan Resources Tbk. - Indonesia
  • Arutmin Indonesia
  • Bukit Asam (Persero) Tbk - Indonesia
  • Qatrana Cement - Jordan
  • Bank of China, Malaysia
  • Kepco SPC Power Corporation, Philippines
  • ASAPP Information Group - India
  • Singapore Mercantile Exchange
  • ETA - Dubai
  • Cigading International Bulk Terminal - Indonesia
  • Surastha Cement
  • Indorama - Singapore
  • Toyota Tsusho Corporation, Japan
  • Madhucon Powers Ltd - India
  • Thailand Anthracite
  • South Luzon Thermal Energy Corporation
  • Jorong Barutama Greston.PT - Indonesia
  • CESC Limited - India
  • Peabody Energy - USA
  • TRAFIGURA, South Korea
  • PetroVietnam
  • TNPL - India
  • Asia Cement - Taiwan
  • JPower - Japan
  • WorleyParsons
  • Noble Europe Ltd - UK
  • Indonesian Coal Mining Association
  • Rashtriya Ispat Nigam Limited - India
  • Sinarmas Energy and Mining - Indonesia
  • Port Waratah Coal Services - Australia
  • Georgia Ports Authority, United States
  • Ind-Barath Power Infra Limited - India
  • Petrosea - Indonesia
  • Star Paper Mills Limited - India
  • Pinang Coal Indonesia
  • Bukit Makmur.PT - Indonesia
  • Samsung - South Korea
  • Meenaskhi Energy Private Limited - India
  • Kapuas Tunggal Persada - Indonesia
  • Deloitte Consulting - India
  • GMR Energy Limited - India
  • Panama Canal Authority
  • European Bulk Services B.V. - Netherlands
  • Maersk Broker
  • Adani Power Ltd - India
  • Coal and Oil Company - UAE
  • KPCL - India
  • Eastern Energy - Thailand
  • Central Java Power - Indonesia
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Formosa Plastics Group - Taiwan
  • Marubeni Corporation - India
  • Argus Media - Singapore
  • Mjunction Services Limited - India
  • Antam Resourcindo - Indonesia
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • White Energy Company Limited
  • Ministry of Finance - Indonesia
  • Independent Power Producers Association of India
  • Samtan Co., Ltd - South Korea
  • U S Energy Resources
  • Kobe Steel Ltd - Japan
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Heidelberg Cement - Germany
  • Bank of America
  • Rio Tinto Coal - Australia
  • Fearnleys - India
  • KOWEPO - South Korea
  • NTPC Limited - India
  • Borneo Indobara - Indonesia
  • AsiaOL BioFuels Corp., Philippines
  • Gresik Semen - Indonesia
  • ACC Limited - India
  • Chettinad Cement Corporation Ltd - India
  • Vijayanagar Sugar Pvt Ltd - India
  • Thriveni
  • Oldendorff Carriers - Singapore
  • Alfred C Toepfer International GmbH - Germany
  • Ince & co LLP
  • Savvy Resources Ltd - HongKong
  • Jindal Steel & Power Ltd - India
  • Mitsubishi Corporation
  • Siam City Cement - Thailand
  • Inspectorate - India
  • Petrochimia International Co. Ltd.- Taiwan
  • Asmin Koalindo Tuhup - Indonesia
  • GB Group - China
  • GN Power Mariveles Coal Plant, Philippines
  • Thiess Contractors Indonesia
  • Shree Cement - India
  • Indian Energy Exchange, India
  • Mintek Dendrill Indonesia
  • Indo Tambangraya Megah - Indonesia
  • BRS Brokers - Singapore
  • Economic Council, Georgia
  • Sakthi Sugars Limited - India
  • Cebu Energy, Philippines
  • Coal Orbis AG
  • Power Finance Corporation Ltd., India
  • Siam City Cement PLC, Thailand
  • LBH Netherlands Bv - Netherlands
  • Semirara Mining Corp, Philippines
  • Parliament of New Zealand
  • Merrill Lynch Commodities Europe
  • Electricity Authority, New Zealand
  • globalCOAL - UK
  • Sojitz Corporation - Japan
  • BNP Paribas - Singapore
  • Iligan Light & Power Inc, Philippines
  • Idemitsu - Japan
  • London Commodity Brokers - England
  • Tanito Harum - Indonesia
  • TGV SRAAC LIMITED, India
  • Price Waterhouse Coopers - Russia
  • bp singapore
  • Cosco
  • Global Coal Blending Company Limited - Australia
  • Bharathi Cement Corporation - India
  • Gujarat Sidhee Cement - India
  • Standard Chartered Bank - UAE
  • Pipit Mutiara Jaya. PT, Indonesia
  • Britmindo - Indonesia
  • Planning Commission, India
  • Indian Oil Corporation Limited
  • Videocon Industries ltd - India
  • JPMorgan - India
  • Russian Coal LLC
  • ICICI Bank Limited - India
  • Kartika Selabumi Mining - Indonesia
  • Kobexindo Tractors - Indoneisa
  • Coal India Limited
  • Total Coal South Africa
  • Altura Mining Limited, Indonesia
  • Edison Trading Spa - Italy
  • GHCL Limited - India
  • GVK Power & Infra Limited - India
  • Ministry of Transport, Egypt
  • Metalloyd Limited - United Kingdom
  • Bangladesh Power Developement Board
  • Tamil Nadu electricity Board
  • Interocean Group of Companies - India
  • Sree Jayajothi Cements Limited - India
  • Moodys - Singapore
  • Gujarat Mineral Development Corp Ltd - India
  • Thomson Reuters GRC
  • World Coal - UK
  • Merrill Lynch Bank
  • Agrawal Coal Company - India
  • PLN - Indonesia
  • Attock Cement Pakistan Limited
  • KEPCO - South Korea
  • Chamber of Mines of South Africa
  • Vizag Seaport Private Limited - India
  • IMC Shipping - Singapore
  • SUEK AG - Indonesia
  • Berau Coal - Indonesia
  • KPMG - USA
  • TANGEDCO India
  • TNB Fuel Sdn Bhd - Malaysia
  • SGS (Thailand) Limited
  • Permata Bank - Indonesia
  • Reliance Power - India
  • Aboitiz Power Corporation - Philippines
  • Minerals Council of Australia
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Dalmia Cement Bharat India
  • Electricity Generating Authority of Thailand
  • San Jose City I Power Corp, Philippines
  • APGENCO India
  • Banpu Public Company Limited - Thailand
  • IOL Indonesia
  • Indonesia Power. PT
  • SN Aboitiz Power Inc, Philippines
  • Enel Italy
  • Carbofer General Trading SA - India
  • Platts
  • McConnell Dowell - Australia
  • Gujarat Electricity Regulatory Commission - India
  • Ministry of Mines - Canada
  • Indian School of Mines
  • Africa Commodities Group - South Africa
  • McKinsey & Co - India
  • India Bulls Power Limited - India
  • Orica Mining Services - Indonesia
  • TeaM Sual Corporation - Philippines
  • Coaltrans Conferences
  • HSBC - Hong Kong
  • CNBM International Corporation - China
  • Eastern Coal Council - USA
  • Manunggal Multi Energi - Indonesia
  • PLN Batubara - Indonesia
  • Vitol - Bahrain
  • Thermax Limited - India
  • Bhushan Steel Limited - India
  • Bukit Baiduri Energy - Indonesia
  • Platou - Singapore
  • Renaissance Capital - South Africa
  • Japan Coal Energy Center
  • Salva Resources Pvt Ltd - India
  • Bangkok Bank PCL
  • Glencore India Pvt. Ltd
  • Karbindo Abesyapradhi - Indoneisa
  • EMO - The Netherlands
  • Leighton Contractors Pty Ltd - Australia
  • Clarksons - UK
  • Adaro Indonesia
  • Australian Commodity Traders Exchange
  • GNFC Limited - India
  • Mercuria Energy - Indonesia
  • Energy Development Corp, Philippines
  • Sical Logistics Limited - India
  • Cement Manufacturers Association - India
  • OPG Power Generation Pvt Ltd - India
  • PowerSource Philippines DevCo
  • Asian Development Bank
  • Freeport Indonesia
  • Sarangani Energy Corporation, Philippines
  • Barasentosa Lestari - Indonesia
  • Core Mineral Indonesia
  • Cemex - Philippines
  • PTC India Limited - India
  • Coeclerici Indonesia
  • DBS Bank - Singapore
  • Runge Indonesia
  • VISA Power Limited - India
  • Tata Power - India
  • Uttam Galva Steels Limited - India
  • Wood Mackenzie - Singapore
  • Arch Coal - USA
  • Makarim & Taira - Indonesia
  • Mercator Lines Limited - India
  • Malco - India
  • Semirara Mining and Power Corporation, Philippines
  • Commonwealth Bank - Australia
  • The University of Queensland
  • ING Bank NV - Singapore
  • Vale Mozambique
  • The India Cements Ltd
  • Kalimantan Lumbung Energi - Indonesia
  • Malabar Cements Ltd - India
  • Inco-Indonesia
  • Sucofindo - Indonesia
  • Simpson Spence & Young - Indonesia
  • Holcim Trading Pte Ltd - Singapore
  • Trasteel International SA, Italy
  • Global Green Power PLC Corporation, Philippines
  • Tata Chemicals Ltd - India
  • Barclays Capital - USA
  • Credit Suisse - India
  • Larsen & Toubro Limited - India
  • Xstrata Coal
  • Shenhua Group - China
  • Riau Bara Harum - Indonesia
  • UOB Asia (HK) Ltd
  • Australian Coal Association
  • Energy Link Ltd, New Zealand
  • Pendopo Energi Batubara - Indonesia
  • Thai Mozambique Logistica
  • Billiton Holdings Pty Ltd - Australia
  • World Bank
  • Coalindo Energy - Indonesia
  • SASOL - South Africa
  • Mitsui
  • Orica Australia Pty. Ltd.