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
Wednesday, 04 December 19
FITCH RATINGS: CASH FLOW GENERATION TO SLOW DOWN FOR INDONESIAN COAL MINERS
FITCH RATINGSFitch Ratings' negative outlook on the Indonesian coal-mining sector reflects our view of weaker cash flow generation on account of declining coal prices. Fitch has revised down its mid-cycle coal-price assumptions, and expects USD80 and USD73 for Qinghuangdao 5,500kcal/kg and Australia Newcastle 6,000kcal/kg thermal coal, respectively, in 2020 (2019E: USD86 and USD77). We expect capex intensity to remain low for the sector; however, acquisitions might pick up in 2020, leading to higher leverage. Profitability is also likely to remain low, in light of weaker coal prices.
 
Fitch's stable rating outlook reflects the outlook for the majority of our rated entities: PT ABM Investama Tbk (B+) and Geo Energy Resources Limited (B-) are on Negative Outlook, reflecting the entity-specific weaknesses which could be stretched further in the weaker-coal-price scenario.
 
According to Fitch Ratings, the impact of lower profitability on credit metrics would be partially offset by volume ramp-up by some entities, such as PT Golden Energy Mines Tbk (B+/Stable) and PT Bayan Resources Tbk (BB-/Stable), where both have adequate reserve lives similar to other bigger players such as PT Adaro Energy (BBB-/Stable) and PT Indika Energy Tbk (BB-/Stable). We expect declining reserves to remain an issue for Geo Energy, which might also trigger a put option of its bonds in the absence of any acquisition. ABM's reserve quality is also deteriorating as reserves from its key mine are likely to fully deplete in the next two to three years.
 
Fitch Ratings further noted that, regulatory risks remain a potential disrupting factor in Indonesia, but Fitch considers any major changes to regulation as an event risk. We believe the two rated coal-miners - Adaro and Indika - which have their Coal Contracts of Work (CCoW) expiring in 2022 and 2023, respectively, will be able to satisfy the conversion guidelines.


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

Recent News

Saturday, 11 January 20
BALTIC BRIEFING TANKER REPORT - WEEK 2
VLCC Escalating tensions between the USA and Iran, in addition to a continuing strong market, made for an interesting week, with rates firming ...


Saturday, 11 January 20
SUPRAMAX: INDONESIA COAL RUNS, A 58,000DWT SHIP WAS RUMOURED FIXED DELIVERY KALIMANTAN, REDELIVERY WEST COAST INDIA, IN THE $4,000S - BALTIC BRIEFING
Capesize Closing out the first full trading week of 2020, the Capesize market is struggling to gain any solid positive upward traction. Opening ...


Friday, 10 January 20
CHINA'S BENCHMARK POWER COAL PRICE REMAINS FLAT - XINHUA
China’s benchmark power coal price remains flat   China’s benchmark power coal price remained flat during the past week. ...


Thursday, 09 January 20
NEW IMO LIFEBOAT REQUIREMENTS ENTER INTO FORCE - STANDARD CLUB
KNOWLEDGE TO ELEVATE Three new compulsory IMO resolutions entered into force on 1 January 2020. These resolutions deal with the maintenance, t ...


Thursday, 09 January 20
INDIA'S NEW EASED MINING RULES TO ENHANCE FOREIGN PARTICIPATION IN COAL SECTOR: MINISTER
India’s cabinet has eased mining laws in a bid to attract foreign players to the domestic coal sector and reduce imports of the fuel, coal mi ...


   239 240 241 242 243   
Showing 1201 to 1205 news of total 6871
News by Category
Popular News
 
Total Members : 28,705
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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