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

Thursday, 24 October 19
PANAMAX: NEGATIVE SENTIMENT IN THE MARKET AS IT CONTINUES TO WEAKEN - FEARNLEYS
Capesize The market has continued to slide the last week, as lack of fresh requirements and a slight oversupply of tonnage heading towards Sout ...


Wednesday, 23 October 19
CHINA'S 2019 COAL IMPORTS SET TO RISE MORE THAN 10%: ANALYSTS - REUTERS
China, the world’s top coal buyer, is on track to boost imports of the fuel by more than 10% this year, traders and analysts said on Tuesday, ...


Wednesday, 23 October 19
SHIPPING MARKET INSIGHT - INTERMODAL
Moving closer to the end of the year, we are facing what the market was expecting for quite a while, the ship repair sector booming with the shipya ...


Tuesday, 22 October 19
DRY BULK: DESPITE THE DOWNWARD CORRECTION NOTED OVER THE PAST MONTH, RATES ARE STILL HOLDING OFF AT FAVORABLE LEVELS - ALLIED SHIPPING
Despite the downward correction that has been noted in the dry bulk market over the past month, rates are still holding off at favorable levels. Ev ...


Monday, 21 October 19
SHIPPERS CHANGE COURSE AS FUEL RULES TARGET SULPHUR EMISSIONS - WOOD MACKENZIE
The International Maritime Organization (IMO), the industry’s regulator, will require all ships to reduce the level of sulphur in their engin ...


   259 260 261 262 263   
Showing 1301 to 1305 news of total 6871
News by Category
Popular News
 
Total Members : 28,706
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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