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, 10 October 19
THERMAL COAL IMPORT LIKELY TO CROSS 200 MT IN 2019-20 - TIME OF INDIA
The country's overall thermal coal import is likely to cross the 200-million tonnes (MT) mark in the current financial year, according to Icra. ...


Wednesday, 09 October 19
SHIPPING MARKET INSIGHT - INTERMODAL
As we have already stated in previous insights, we had expected that the recovery on rates and activity across all segments in the offshore market ...


Thursday, 03 October 19
OIL PRICE ASSUMPTIONS UNCHANGED, NBP GAS PRICE LOWERED - FITCH RATINGS PRIMARY - FITCH RATINGS
Our oil price assumptions are unchanged, despite the recent price volatility following the attacks on Saudi Arabia's oil infrastructure, Fitch ...


Thursday, 03 October 19
SHIPPING MARKET INSIGHT
Edible oil products across the board are showing healthy amount of export activity, however, rates in most cases are struggling to move accordingly ...


Friday, 27 September 19
LOWDOWN ON INCOTERMS 2020 OVERHAUL - BALTIC EXCHANGE
KNOWLEDGE TO ELEVATE This ninth revision of Incoterms is changed in style and substance. The revisions improve certain aspects of Incoterms 20 ...


   263 264 265 266 267   
Showing 1321 to 1325 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 ...

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