We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 04 December 19
FITCH RATINGS: CASH FLOW GENERATION TO SLOW DOWN FOR INDONESIAN COAL MINERS
 Fitch 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.
|
|
Tuesday, 06 August 19
SHIPPING MARKET INSIGHT - INTERMODAL
On the 12th of May four tankers were attacked near the coast of Fujairah. The tankers hit were waiving international flags such as that of No ...
Monday, 05 August 19
SUPRAMAX: COAL FROM INDONESIA TO CHINA PAID AT MID $8,000S ON A 57,000-TONNER DELIVERY SOUTH CHINA - BALTIC BRIEFING
Capesize
Having hit a high of $32,963 early last week, the Capesize 5TC now stands at $25,749. This is over 20% of its value lost in 10 days. C ...
Thursday, 01 August 19
PANAMAX: THE SENTIMENT IN THE MARKET IS STILL POSITIVE FOR THE LONGER TERM - FEARNLEYS
Capesize
Two weeks ago the 5TC index was at 33,000 USD pd. Since then it has fallen off a bit and has stayed around 27,000 USD pd the last week ...
Thursday, 01 August 19
INDIKA ENERGY REVENUES DECLINE DUE TO LOW COAL PRICES
One of the largest Indonesian integrated energy companies PT Indika Energy Tbk posted revenues of US $ 1,380.4 million, down 4.6% compared to US $ ...
Wednesday, 31 July 19
INDIA'S 2019 THERMAL COAL IMPORTS SEEN AT 180-185 MLN T - WOODMAC
India is expected to import 180-185 million tonnes of thermal coal in 2019, said Dale Hazelton, head of thermal coal at consultancy Wood Mackenzie. ...
|
|
|
Showing 1351 to 1355 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Bayan Resources Tbk. - Indonesia
- Orica Australia Pty. Ltd.
- Australian Coal Association
- Commonwealth Bank - Australia
- Kideco Jaya Agung - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sree Jayajothi Cements Limited - India
- Star Paper Mills Limited - India
- Jindal Steel & Power Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Java Power - Indonesia
- Port Waratah Coal Services - Australia
- The State Trading Corporation of India Ltd
- Videocon Industries ltd - India
- Coal and Oil Company - UAE
- Wilmar Investment Holdings
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Transport, Egypt
- CIMB Investment Bank - Malaysia
- Ministry of Mines - Canada
- Vijayanagar Sugar Pvt Ltd - India
- Attock Cement Pakistan Limited
- Karaikal Port Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Coalindo Energy - Indonesia
- Romanian Commodities Exchange
- Bukit Baiduri Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- MS Steel International - UAE
- Vedanta Resources Plc - India
- Kartika Selabumi Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Malabar Cements Ltd - India
- Sojitz Corporation - Japan
- Therma Luzon, Inc, Philippines
- Vizag Seaport Private Limited - India
- The Treasury - Australian Government
- Semirara Mining Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement PLC, Thailand
- Lanco Infratech Ltd - India
- Iligan Light & Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Straits Asia Resources Limited - Singapore
- Wood Mackenzie - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Indian Energy Exchange, India
- Rio Tinto Coal - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Madhucon Powers Ltd - India
- Renaissance Capital - South Africa
- Maharashtra Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Kobexindo Tractors - Indoneisa
- India Bulls Power Limited - India
- Bhatia International Limited - India
- GMR Energy Limited - India
- TeaM Sual Corporation - Philippines
- Agrawal Coal Company - India
- GN Power Mariveles Coal Plant, Philippines
- European Bulk Services B.V. - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Standard Chartered Bank - UAE
- Price Waterhouse Coopers - Russia
- PNOC Exploration Corporation - Philippines
- Carbofer General Trading SA - India
- Larsen & Toubro Limited - India
- Krishnapatnam Port Company Ltd. - India
- Samtan Co., Ltd - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Power Finance Corporation Ltd., India
- Global Green Power PLC Corporation, Philippines
- Electricity Generating Authority of Thailand
- Altura Mining Limited, Indonesia
- Sinarmas Energy and Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Simpson Spence & Young - Indonesia
- Ind-Barath Power Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kapuas Tunggal Persada - Indonesia
- Jaiprakash Power Ventures ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Merrill Lynch Commodities Europe
- Gujarat Mineral Development Corp Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- PTC India Limited - India
- London Commodity Brokers - England
- Bukit Makmur.PT - Indonesia
- Parliament of New Zealand
- Mjunction Services Limited - India
- GVK Power & Infra Limited - India
- Thiess Contractors Indonesia
- Georgia Ports Authority, United States
- ASAPP Information Group - India
- Rashtriya Ispat Nigam Limited - India
- New Zealand Coal & Carbon
- Mercator Lines Limited - India
- Antam Resourcindo - Indonesia
- Deloitte Consulting - India
- Anglo American - United Kingdom
- PowerSource Philippines DevCo
- Binh Thuan Hamico - Vietnam
- Grasim Industreis Ltd - India
- Aditya Birla Group - India
- Metalloyd Limited - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Xindia Steels Limited - India
- Global Business Power Corporation, Philippines
- Dalmia Cement Bharat India
- Indika Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kumho Petrochemical, South Korea
- IHS Mccloskey Coal Group - USA
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Sidhee Cement - India
- Tata Chemicals Ltd - India
- Global Coal Blending Company Limited - Australia
- Medco Energi Mining Internasional
- GAC Shipping (India) Pvt Ltd
- Indogreen Group - Indonesia
- Makarim & Taira - Indonesia
- OPG Power Generation Pvt Ltd - India
- Cement Manufacturers Association - India
- Eastern Coal Council - USA
- Ambuja Cements Ltd - India
- Interocean Group of Companies - India
- Petrochimia International Co. Ltd.- Taiwan
- Latin American Coal - Colombia
- Petron Corporation, Philippines
- Chamber of Mines of South Africa
- Siam City Cement - Thailand
- Meenaskhi Energy Private Limited - India
- White Energy Company Limited
- Sical Logistics Limited - India
- Singapore Mercantile Exchange
- Neyveli Lignite Corporation Ltd, - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Miang Besar Coal Terminal - Indonesia
- Indonesian Coal Mining Association
- Semirara Mining and Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Directorate Of Revenue Intelligence - India
- The University of Queensland
- Bangladesh Power Developement Board
- Edison Trading Spa - Italy
- Tamil Nadu electricity Board
- Goldman Sachs - Singapore
- Posco Energy - South Korea
- Alfred C Toepfer International GmbH - Germany
- Essar Steel Hazira Ltd - India
- Salva Resources Pvt Ltd - India
- Thai Mozambique Logistica
- Australian Commodity Traders Exchange
- ICICI Bank Limited - India
- Bharathi Cement Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Independent Power Producers Association of India
- Baramulti Group, Indonesia
- Minerals Council of Australia
- Bulk Trading Sa - Switzerland
- Trasteel International SA, Italy
- Mintek Dendrill Indonesia
- Mercuria Energy - Indonesia
- Intertek Mineral Services - Indonesia
- IEA Clean Coal Centre - UK
- SN Aboitiz Power Inc, Philippines
- CNBM International Corporation - China
- Sindya Power Generating Company Private Ltd
- Billiton Holdings Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Energy Development Corp, Philippines
- Indian Oil Corporation Limited
- Borneo Indobara - Indonesia
- SMG Consultants - Indonesia
- SMC Global Power, Philippines
- San Jose City I Power Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Planning Commission, India
- Electricity Authority, New Zealand
- AsiaOL BioFuels Corp., Philippines
- VISA Power Limited - India
- Eastern Energy - Thailand
- Ministry of Finance - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Meralco Power Generation, Philippines
- Economic Council, Georgia
- Uttam Galva Steels Limited - India
- Parry Sugars Refinery, India
- Toyota Tsusho Corporation, Japan
- Kaltim Prima Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Heidelberg Cement - Germany
- McConnell Dowell - Australia
- Oldendorff Carriers - Singapore
- Savvy Resources Ltd - HongKong
- Central Electricity Authority - India
- Orica Mining Services - Indonesia
- Africa Commodities Group - South Africa
- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Formosa Plastics Group - Taiwan
- LBH Netherlands Bv - Netherlands
- Coastal Gujarat Power Limited - India
- Bhushan Steel Limited - India
- Marubeni Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Energy Link Ltd, New Zealand
- Riau Bara Harum - Indonesia
|
| |
| |
|
