We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Thursday, 07 April 16
CHINA STEEL CAPACITY CUTS FACE SOCIAL, FINANCIAL HURDLES - FITCH RATINGS
 Fitch 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.
|
|
Wednesday, 23 March 16
THE PANAMA CANAL - WILL THE MELTING OF POLAR ICE CAPS CREATE RIVAL NAVIGATIONAL WATERWAYS THROUGH THE ARCTIC? - INTERMODAL
The Panama Canal, 102 years after its initial opening, is now about to have its expansion completed with a cost of USD5.25 Billion. It is a project ...
Tuesday, 22 March 16
FOUR NEW MARKET MEMBERS HAVE JOINED GLOBALCOAL
globalCOAL® announced yesterday that four new Market Members have joined its international trading community.
Ferrocadia DMCC is an intern ...
Monday, 21 March 16
INDONESIAN 4200 GAR COAL INDEX ROSE $0.12 OR, 0.44% WEEK OVER WEEK; INDEX CLOASED AT $27.19 A TON
COALspot.com: Average 5000 GAR coal index of Indonesian origin rose 0.21 percent week over week to averaging $38.90 per ton on this past Friday, ac ...
Monday, 21 March 16
THE BALTIC DRY INDEX ROSE SLIGHTLY WEEK OVER WEEK; BCI UP 11.93%
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities continued rose this week helped by higher rates for Cape ...
Friday, 18 March 16
OUTLOOK ON GLOBAL SHIPPING SECTOR TURNS NEGATIVE AS SUPPLY-DEMAND GAP WIDENS AND EBITDA DECLINES - MOODY'S
Moody’s Investors Service (Moody’s) has changed its outlook on the global shipping sector to negative as it expects supply growth to ou ...
|
|
|
Showing 2511 to 2515 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Gujarat Mineral Development Corp Ltd - India
- Baramulti Group, Indonesia
- Karaikal Port Pvt Ltd - India
- Romanian Commodities Exchange
- Ambuja Cements Ltd - India
- Orica Mining Services - Indonesia
- Malabar Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Petron Corporation, Philippines
- Gujarat Sidhee Cement - India
- Kapuas Tunggal Persada - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Indika Energy - Indonesia
- Borneo Indobara - Indonesia
- Africa Commodities Group - South Africa
- Energy Link Ltd, New Zealand
- Aboitiz Power Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Semirara Mining Corp, Philippines
- Central Java Power - Indonesia
- Coalindo Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Anglo American - United Kingdom
- The University of Queensland
- McConnell Dowell - Australia
- IHS Mccloskey Coal Group - USA
- Eastern Coal Council - USA
- Simpson Spence & Young - Indonesia
- Bangladesh Power Developement Board
- Latin American Coal - Colombia
- AsiaOL BioFuels Corp., Philippines
- PowerSource Philippines DevCo
- Tamil Nadu electricity Board
- Meenaskhi Energy Private Limited - India
- Medco Energi Mining Internasional
- Kumho Petrochemical, South Korea
- Maharashtra Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Intertek Mineral Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- MS Steel International - UAE
- Altura Mining Limited, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bayan Resources Tbk. - Indonesia
- Central Electricity Authority - India
- Planning Commission, India
- Vedanta Resources Plc - India
- Binh Thuan Hamico - Vietnam
- Mintek Dendrill Indonesia
- Riau Bara Harum - Indonesia
- Bhatia International Limited - India
- CIMB Investment Bank - Malaysia
- Coastal Gujarat Power Limited - India
- Thiess Contractors Indonesia
- SN Aboitiz Power Inc, Philippines
- Indian Oil Corporation Limited
- Ministry of Mines - Canada
- Jorong Barutama Greston.PT - Indonesia
- Attock Cement Pakistan Limited
- Australian Commodity Traders Exchange
- Jaiprakash Power Ventures ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cement Manufacturers Association - India
- Lanco Infratech Ltd - India
- Pendopo Energi Batubara - Indonesia
- Straits Asia Resources Limited - Singapore
- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
- Siam City Cement - Thailand
- SMG Consultants - Indonesia
- Madhucon Powers Ltd - India
- Energy Development Corp, Philippines
- Heidelberg Cement - Germany
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement PLC, Thailand
- Posco Energy - South Korea
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- Indo Tambangraya Megah - Indonesia
- Jindal Steel & Power Ltd - India
- Coal and Oil Company - UAE
- Makarim & Taira - Indonesia
- Bharathi Cement Corporation - India
- Port Waratah Coal Services - Australia
- OPG Power Generation Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Antam Resourcindo - Indonesia
- Sical Logistics Limited - India
- PTC India Limited - India
- Georgia Ports Authority, United States
- Australian Coal Association
- San Jose City I Power Corp, Philippines
- The Treasury - Australian Government
- Bukit Baiduri Energy - Indonesia
- Vizag Seaport Private Limited - India
- Mjunction Services Limited - India
- Billiton Holdings Pty Ltd - Australia
- Eastern Energy - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Renaissance Capital - South Africa
- Kartika Selabumi Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Kideco Jaya Agung - Indonesia
- Videocon Industries ltd - India
- ICICI Bank Limited - India
- Deloitte Consulting - India
- Trasteel International SA, Italy
- Sarangani Energy Corporation, Philippines
- Meralco Power Generation, Philippines
- CNBM International Corporation - China
- The State Trading Corporation of India Ltd
- Bukit Makmur.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Uttam Galva Steels Limited - India
- GMR Energy Limited - India
- Parliament of New Zealand
- Commonwealth Bank - Australia
- Manunggal Multi Energi - Indonesia
- Standard Chartered Bank - UAE
- Global Business Power Corporation, Philippines
- New Zealand Coal & Carbon
- International Coal Ventures Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Essar Steel Hazira Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Parry Sugars Refinery, India
- Semirara Mining and Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- London Commodity Brokers - England
- Sindya Power Generating Company Private Ltd
- Kobexindo Tractors - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Wood Mackenzie - Singapore
- Miang Besar Coal Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Xindia Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Indonesian Coal Mining Association
- Orica Australia Pty. Ltd.
- Maheswari Brothers Coal Limited - India
- Timah Investasi Mineral - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- ASAPP Information Group - India
- Mercator Lines Limited - India
- Rashtriya Ispat Nigam Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- Power Finance Corporation Ltd., India
- Merrill Lynch Commodities Europe
- Petrochimia International Co. Ltd.- Taiwan
- Asmin Koalindo Tuhup - Indonesia
- GAC Shipping (India) Pvt Ltd
- Thai Mozambique Logistica
- Larsen & Toubro Limited - India
- Independent Power Producers Association of India
- Rio Tinto Coal - Australia
- Bhushan Steel Limited - India
- Electricity Generating Authority of Thailand
- Chamber of Mines of South Africa
- LBH Netherlands Bv - Netherlands
- TeaM Sual Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Globalindo Alam Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Minerals Council of Australia
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Authority, New Zealand
- VISA Power Limited - India
- European Bulk Services B.V. - Netherlands
- Star Paper Mills Limited - India
- Salva Resources Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sakthi Sugars Limited - India
- White Energy Company Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Oldendorff Carriers - Singapore
- IEA Clean Coal Centre - UK
- Marubeni Corporation - India
- Indian Energy Exchange, India
- Aditya Birla Group - India
- Wilmar Investment Holdings
- Ind-Barath Power Infra Limited - India
- Economic Council, Georgia
- Agrawal Coal Company - India
- Metalloyd Limited - United Kingdom
- India Bulls Power Limited - India
- Edison Trading Spa - Italy
- Bhoruka Overseas - Indonesia
- SMC Global Power, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Toyota Tsusho Corporation, Japan
- Dalmia Cement Bharat India
- Global Coal Blending Company Limited - Australia
- GVK Power & Infra Limited - India
- Ministry of Finance - Indonesia
- Indogreen Group - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Price Waterhouse Coopers - Russia
- Iligan Light & Power Inc, Philippines
- Mercuria Energy - Indonesia
- Singapore Mercantile Exchange
- GN Power Mariveles Coal Plant, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Goldman Sachs - Singapore
- Grasim Industreis Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Carbofer General Trading SA - India
|
| |
| |
|