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Sunday, 01 November 20
GRADUAL RECOVERY FOR INDONESIAN COAL FROM 4Q20; RISKS REMAIN - FITCH RATINGS
 Fitch Ratings expects the credit metrics of Indonesian coal miners and coal contractors to improve from 4Q20 with the recovery in volumes and prices. Fitch also expects the recovery to continue into 2021, as we do not envisage a second round of strict lockdowns.
Fitch has revised its full-year coal-price assumptions, and also assumes lower volumes of 84%-89% of 2019 levels in 2020, reflecting weaker seaborne coal demand, before recovering gradually in 2021. There are further downside risks to volumes beyond our estimates, from a sustained weakness in coal prices.
Fitch also said, credit metrics of most Indonesian miners and contractors are likely to decline in 2020 close to - or beyond - our negative rating action triggers, affected by lower profitability and weaker volumes before recovering in 2021. Recurring sporadic lockdowns are likely to delay revival in economic growth, and in turn hurt demand for coal in key import markets.
Fitch also said, we envisage the ratings on most of the Indonesian coal companies to be at risk if the current weak coal price and demand environment continues into 2021. PT Bukit Makmur Mandiri Utama (BUMA, BB-), PT ABM Investama Tbk (ABM, B+) and PT Indika Energy Tbk (Indika, BB-), which are currently on Negative Outlook, are the most prone to a rating downgrade.
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Friday, 06 November 20
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Thursday, 05 November 20
THE INDONESIA COAL PRICE REFERENCE RISES FOR SECOND CONSECUTIVE MONTH
COALspot.com: The Indonesia Coal Price Reference rose for a 2nd month by 9.24% month on month. The Indonesia Coal Price Reference for the month of ...
Wednesday, 04 November 20
PHILIPPINES COAL MORATORIUM HIGHLIGHTS DRAMATIC PIVOT TO RENEWABLE ENERGY INVESTMENT FOR LOWER PRICES AND POWER SYSTEM RESILIENCE - IEEFA
Policymakers and industry leaders ready to embrace new energy technologies
The Department of Energy’s call for a moratorium on ...
Wednesday, 04 November 20
FOREIGN INVESTORS FACE TOUGH TIMES CLOSING VIETNAM’S REMAINING COAL POWER DEALS - IEEFA
Project bankability at risk as new regulations threaten usual contractual terms
Foreign investors will face higher-than-usual risks ...
Wednesday, 04 November 20
MARKET INSIGHT - INTERMODAL
As the end of the year approaches, one would definitely notice that the newbuilding orderbook for bulk carriers is significantly smaller compared t ...
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- Orica Mining Services - Indonesia
- San Jose City I Power Corp, Philippines
- Goldman Sachs - Singapore
- Coalindo Energy - Indonesia
- India Bulls Power Limited - India
- Riau Bara Harum - Indonesia
- Star Paper Mills Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cigading International Bulk Terminal - Indonesia
- London Commodity Brokers - England
- Pipit Mutiara Jaya. PT, Indonesia
- Manunggal Multi Energi - Indonesia
- Renaissance Capital - South Africa
- The State Trading Corporation of India Ltd
- Electricity Generating Authority of Thailand
- Eastern Energy - Thailand
- Ceylon Electricity Board - Sri Lanka
- Therma Luzon, Inc, Philippines
- Merrill Lynch Commodities Europe
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- Indian Oil Corporation Limited
- Tamil Nadu electricity Board
- Xindia Steels Limited - India
- Oldendorff Carriers - Singapore
- Makarim & Taira - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Commonwealth Bank - Australia
- GN Power Mariveles Coal Plant, Philippines
- Sical Logistics Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Electricity Authority - India
- Siam City Cement - Thailand
- Australian Commodity Traders Exchange
- GAC Shipping (India) Pvt Ltd
- Chamber of Mines of South Africa
- Global Coal Blending Company Limited - Australia
- Billiton Holdings Pty Ltd - Australia
- New Zealand Coal & Carbon
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhatia International Limited - India
- Economic Council, Georgia
- Binh Thuan Hamico - Vietnam
- McConnell Dowell - Australia
- Indonesian Coal Mining Association
- Savvy Resources Ltd - HongKong
- Romanian Commodities Exchange
- PTC India Limited - India
- Simpson Spence & Young - Indonesia
- Gujarat Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Leighton Contractors Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Lanco Infratech Ltd - India
- Intertek Mineral Services - Indonesia
- IEA Clean Coal Centre - UK
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asmin Koalindo Tuhup - Indonesia
- Georgia Ports Authority, United States
- Kobexindo Tractors - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Meralco Power Generation, Philippines
- Coal and Oil Company - UAE
- Maheswari Brothers Coal Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Mjunction Services Limited - India
- Power Finance Corporation Ltd., India
- Indika Energy - Indonesia
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- White Energy Company Limited
- Dalmia Cement Bharat India
- Indian Energy Exchange, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Heidelberg Cement - Germany
- Ministry of Mines - Canada
- Global Business Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Interocean Group of Companies - India
- PowerSource Philippines DevCo
- Bhoruka Overseas - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kepco SPC Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Medco Energi Mining Internasional
- Semirara Mining Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Parliament of New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- AsiaOL BioFuels Corp., Philippines
- Bangladesh Power Developement Board
- Petron Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Africa Commodities Group - South Africa
- ICICI Bank Limited - India
- Edison Trading Spa - Italy
- Orica Australia Pty. Ltd.
- Wilmar Investment Holdings
- Marubeni Corporation - India
- Baramulti Group, Indonesia
- Vizag Seaport Private Limited - India
- Thai Mozambique Logistica
- Deloitte Consulting - India
- Kapuas Tunggal Persada - Indonesia
- Straits Asia Resources Limited - Singapore
- Aboitiz Power Corporation - Philippines
- Tata Chemicals Ltd - India
- Sindya Power Generating Company Private Ltd
- Bharathi Cement Corporation - India
- Thiess Contractors Indonesia
- Banpu Public Company Limited - Thailand
- Bukit Makmur.PT - Indonesia
- The University of Queensland
- Toyota Tsusho Corporation, Japan
- Energy Development Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Coastal Gujarat Power Limited - India
- Altura Mining Limited, Indonesia
- Borneo Indobara - Indonesia
- Gujarat Sidhee Cement - India
- Indo Tambangraya Megah - Indonesia
- ASAPP Information Group - India
- Posco Energy - South Korea
- Antam Resourcindo - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Malabar Cements Ltd - India
- Carbofer General Trading SA - India
- Agrawal Coal Company - India
- Central Java Power - Indonesia
- Global Green Power PLC Corporation, Philippines
- Cement Manufacturers Association - India
- Grasim Industreis Ltd - India
- SMG Consultants - Indonesia
- Singapore Mercantile Exchange
- Miang Besar Coal Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Minerals Council of Australia
- Directorate Of Revenue Intelligence - India
- European Bulk Services B.V. - Netherlands
- The Treasury - Australian Government
- Metalloyd Limited - United Kingdom
- Wood Mackenzie - Singapore
- Essar Steel Hazira Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Globalindo Alam Lestari - Indonesia
- Electricity Authority, New Zealand
- Price Waterhouse Coopers - Russia
- Formosa Plastics Group - Taiwan
- Pendopo Energi Batubara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Sojitz Corporation - Japan
- CIMB Investment Bank - Malaysia
- Sree Jayajothi Cements Limited - India
- Vedanta Resources Plc - India
- VISA Power Limited - India
- Attock Cement Pakistan Limited
- Rashtriya Ispat Nigam Limited - India
- Ministry of Transport, Egypt
- Trasteel International SA, Italy
- MS Steel International - UAE
- Ambuja Cements Ltd - India
- Independent Power Producers Association of India
- Mercator Lines Limited - India
- Samtan Co., Ltd - South Korea
- Videocon Industries ltd - India
- Australian Coal Association
- Karaikal Port Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Energy Link Ltd, New Zealand
- Standard Chartered Bank - UAE
- Aditya Birla Group - India
- SN Aboitiz Power Inc, Philippines
- Ministry of Finance - Indonesia
- Indogreen Group - Indonesia
- Port Waratah Coal Services - Australia
- GMR Energy Limited - India
- Salva Resources Pvt Ltd - India
- Latin American Coal - Colombia
- Mercuria Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Ind-Barath Power Infra Limited - India
- Planning Commission, India
- Kumho Petrochemical, South Korea
- South Luzon Thermal Energy Corporation
- SMC Global Power, Philippines
- OPG Power Generation Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Rio Tinto Coal - Australia
- Mintek Dendrill Indonesia
- Madhucon Powers Ltd - India
- CNBM International Corporation - China
- Eastern Coal Council - USA
- Iligan Light & Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Bulk Trading Sa - Switzerland
- Parry Sugars Refinery, India
- Bayan Resources Tbk. - Indonesia
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