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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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Monday, 02 November 20
PHILIPPINES GOVERNMENT SAYS NO TO NEW COAL PLANT PROPOSALS - IEEFA | 24 PILIPINAS
The Duterte administration will no longer accept proposals to construct new coal power plants, a dramatic shift in energy policy that counts on dec ...
Wednesday, 28 October 20
BIODIESEL - NEW FUELS, NEW CHALLENGES - GARD | DNV GL
KNOWLEDGE TO ELEVATE
One of numerous possible ways to comply with the IMO’s strategy on the reduction of greenhouse gas (GHG) emissions ...
Wednesday, 28 October 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.35 PCT - XINHUA
China Taiyuan coal transaction price index stood at 127.94 points Monday, up 0.35 percent week on week.
The index, released by China ...
Wednesday, 28 October 20
MARKET INSIGHT - INTERMODAL
The global strive towards eco-friendliness and environmental sustainability in the shipping industry is mounting. There are currently almost 200 co ...
Tuesday, 27 October 20
PLN STILL REFUSING TO ADAPT, A MOVE WHICH WILL HURT INVESTORS, CONSUMERS, AND THE GOVERNMENT PURSE - IEEFA
Utility’s latest planning report locks PLN into the past
PLN would be better served restructuring its business to address the current en ...
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- Rashtriya Ispat Nigam Limited - India
- Deloitte Consulting - India
- Australian Commodity Traders Exchange
- Kohat Cement Company Ltd. - Pakistan
- Power Finance Corporation Ltd., India
- Lanco Infratech Ltd - India
- Therma Luzon, Inc, Philippines
- New Zealand Coal & Carbon
- Merrill Lynch Commodities Europe
- Central Java Power - Indonesia
- Singapore Mercantile Exchange
- Directorate General of MIneral and Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Gujarat Sidhee Cement - India
- Straits Asia Resources Limited - Singapore
- Parliament of New Zealand
- Banpu Public Company Limited - Thailand
- Thai Mozambique Logistica
- Romanian Commodities Exchange
- Sical Logistics Limited - India
- Iligan Light & Power Inc, Philippines
- GVK Power & Infra Limited - India
- Ministry of Transport, Egypt
- GMR Energy Limited - India
- Madhucon Powers Ltd - India
- Tamil Nadu electricity Board
- Bulk Trading Sa - Switzerland
- CIMB Investment Bank - Malaysia
- Thiess Contractors Indonesia
- Mercuria Energy - Indonesia
- Riau Bara Harum - Indonesia
- OPG Power Generation Pvt Ltd - India
- Attock Cement Pakistan Limited
- LBH Netherlands Bv - Netherlands
- Videocon Industries ltd - India
- CNBM International Corporation - China
- Vijayanagar Sugar Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Indian Oil Corporation Limited
- Ministry of Mines - Canada
- McConnell Dowell - Australia
- Uttam Galva Steels Limited - India
- Jindal Steel & Power Ltd - India
- Cigading International Bulk Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Posco Energy - South Korea
- Commonwealth Bank - Australia
- Binh Thuan Hamico - Vietnam
- Interocean Group of Companies - India
- Timah Investasi Mineral - Indoneisa
- Mercator Lines Limited - India
- Mjunction Services Limited - India
- Baramulti Group, Indonesia
- IEA Clean Coal Centre - UK
- Antam Resourcindo - Indonesia
- Agrawal Coal Company - India
- Tata Chemicals Ltd - India
- Independent Power Producers Association of India
- Toyota Tsusho Corporation, Japan
- Coastal Gujarat Power Limited - India
- Wood Mackenzie - Singapore
- Chettinad Cement Corporation Ltd - India
- Eastern Coal Council - USA
- Formosa Plastics Group - Taiwan
- Semirara Mining Corp, Philippines
- Africa Commodities Group - South Africa
- Siam City Cement - Thailand
- Anglo American - United Kingdom
- Ambuja Cements Ltd - India
- Ministry of Finance - Indonesia
- Bharathi Cement Corporation - India
- Star Paper Mills Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sojitz Corporation - Japan
- Ind-Barath Power Infra Limited - India
- Bhatia International Limited - India
- Alfred C Toepfer International GmbH - Germany
- Carbofer General Trading SA - India
- Kepco SPC Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Price Waterhouse Coopers - Russia
- Parry Sugars Refinery, India
- Pipit Mutiara Jaya. PT, Indonesia
- Marubeni Corporation - India
- Cement Manufacturers Association - India
- Pendopo Energi Batubara - Indonesia
- PTC India Limited - India
- Minerals Council of Australia
- Sinarmas Energy and Mining - Indonesia
- The University of Queensland
- Kobexindo Tractors - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Larsen & Toubro Limited - India
- TeaM Sual Corporation - Philippines
- Indika Energy - Indonesia
- Coalindo Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Sakthi Sugars Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Leighton Contractors Pty Ltd - Australia
- Coal and Oil Company - UAE
- Chamber of Mines of South Africa
- The State Trading Corporation of India Ltd
- Malabar Cements Ltd - India
- Vizag Seaport Private Limited - India
- Central Electricity Authority - India
- Wilmar Investment Holdings
- Globalindo Alam Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Intertek Mineral Services - Indonesia
- Electricity Authority, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Makarim & Taira - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Directorate Of Revenue Intelligence - India
- Economic Council, Georgia
- Bangladesh Power Developement Board
- Goldman Sachs - Singapore
- PNOC Exploration Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Edison Trading Spa - Italy
- Siam City Cement PLC, Thailand
- Asmin Koalindo Tuhup - Indonesia
- Global Coal Blending Company Limited - Australia
- VISA Power Limited - India
- Savvy Resources Ltd - HongKong
- ASAPP Information Group - India
- ICICI Bank Limited - India
- Renaissance Capital - South Africa
- SN Aboitiz Power Inc, Philippines
- SMG Consultants - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Krishnapatnam Port Company Ltd. - India
- Bahari Cakrawala Sebuku - Indonesia
- Bayan Resources Tbk. - Indonesia
- Metalloyd Limited - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Energy Link Ltd, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Medco Energi Mining Internasional
- Indian Energy Exchange, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karaikal Port Pvt Ltd - India
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
- SMC Global Power, Philippines
- Georgia Ports Authority, United States
- Meralco Power Generation, Philippines
- Latin American Coal - Colombia
- Kaltim Prima Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Altura Mining Limited, Indonesia
- Energy Development Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Heidelberg Cement - Germany
- Essar Steel Hazira Ltd - India
- Australian Coal Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Karbindo Abesyapradhi - Indoneisa
- Meenaskhi Energy Private Limited - India
- Maheswari Brothers Coal Limited - India
- Jaiprakash Power Ventures ltd
- Manunggal Multi Energi - Indonesia
- Petron Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Kumho Petrochemical, South Korea
- Bhoruka Overseas - Indonesia
- Aditya Birla Group - India
- European Bulk Services B.V. - Netherlands
- Borneo Indobara - Indonesia
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ceylon Electricity Board - Sri Lanka
- Port Waratah Coal Services - Australia
- International Coal Ventures Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Bhushan Steel Limited - India
- Orica Australia Pty. Ltd.
- Semirara Mining and Power Corporation, Philippines
- Xindia Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Standard Chartered Bank - UAE
- Jorong Barutama Greston.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dalmia Cement Bharat India
- Electricity Generating Authority of Thailand
- Eastern Energy - Thailand
- Sindya Power Generating Company Private Ltd
- London Commodity Brokers - England
- The Treasury - Australian Government
- PowerSource Philippines DevCo
- PetroVietnam Power Coal Import and Supply Company
- White Energy Company Limited
- Rio Tinto Coal - Australia
- Planning Commission, India
- Kideco Jaya Agung - Indonesia
- Mintek Dendrill Indonesia
- Indogreen Group - Indonesia
- Grasim Industreis Ltd - India
- Indo Tambangraya Megah - Indonesia
- MS Steel International - UAE
- Salva Resources Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Bukit Makmur.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Indonesian Coal Mining Association
- Trasteel International SA, Italy
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