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Monday, 09 November 20
INDONESIA MAY CUT BIODIESEL USE TARGET AS SUBSIDY FUND DEPLETES - FITCH
 The Indonesian government may rein in its push to increase use of biodiesel as it now comes at higher cost following a fall in crude oil prices and sustained strength in crude palm oil (CPO) prices, Fitch Ratings says. Biodiesel is now much more expensive than regular diesel, and the subsidies drawn from an industry fund to promote biodiesel production and use have been increasing.
We estimate that the industry fund will be able to subsidise only around 8 million kilolitres (kl) of biodiesel, compared with the government's target of use of 9.6 million kl in 2020, in the absence of other measures. This suggests that Indonesia may miss its target for 2020. Also, the outlook for biodiesel demand in 2021 and CPO export levies, which contribute to the fund, is uncertain.
We think the government may scale down its plans to increase biodiesel use in Indonesia, take steps to raise collections for the industry fund through higher palm oil export levies or trim subsidies given to biodiesel producers. These actions will not only affect such producers, but are also likely to affect CPO prices and the broader palm oil industry.
Among rated names, Golden Agri-Resources Ltd. (GAR), whose consolidated profile is the basis for the rating of subsidiaries, PT Ivo Mas Tunggal and PT Sawit Mas Sejahtera (both rated A-(idn)/Stable), and PT Tunas Baru Lampung Tbk (TBLA, B+/A(idn)/Negative) have significant biodiesel capacities and it contributes significantly to revenue.
Source: FITCH
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Saturday, 27 February 21
CHINA'S BENCHMARK POWER COAL PRICE EDGES DOWN - XINHUA
China’s benchmark power coal price dropped slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge ...
Saturday, 27 February 21
FITCH RATINGS REVISES GLOBAL METALS AND MINING PRICE ASSUMPTIONS
Fitch Ratings has revised some of its metals and mining price assumptions as prices for many commodities will benefit in the short term from return ...
Saturday, 27 February 21
MITSUBISHI PULLS OUT OF VINH TAN 3 COAL PROJECT IN VIETNAM - NIKKEI ASIA
Japanese trading house Mitsubishi Corp. decided Thursday to withdraw from the Vinh Tan 3 coal-fired power plant project in Vietnam amid growing int ...
Thursday, 25 February 21
ARE WE ON THE CUSP OF ANOTHER MINING SUPER-CYCLE? - WOOD MACKENZIE
As the first wave of the coronavirus pandemic began to bite, many observers confidently predicted that the end was nigh for global economic activit ...
Thursday, 25 February 21
2020 PROVED TO BE A TRULY TERRIBLE YEAR FOR SEABORNE COAL TRADE - BANCHERO COSTA
Total loadings in the 12 months of 2020 were down -12.7% year-on-year to 1,130 million tonnes, according to vessels tracking data from Refinitiv, s ...
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- IHS Mccloskey Coal Group - USA
- Latin American Coal - Colombia
- Medco Energi Mining Internasional
- AsiaOL BioFuels Corp., Philippines
- Meralco Power Generation, Philippines
- CNBM International Corporation - China
- IEA Clean Coal Centre - UK
- Sindya Power Generating Company Private Ltd
- Indogreen Group - Indonesia
- Energy Development Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Bhatia International Limited - India
- Thiess Contractors Indonesia
- Banpu Public Company Limited - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Tata Chemicals Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Chamber of Mines of South Africa
- Directorate General of MIneral and Coal - Indonesia
- PowerSource Philippines DevCo
- Offshore Bulk Terminal Pte Ltd, Singapore
- Salva Resources Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Anglo American - United Kingdom
- The State Trading Corporation of India Ltd
- Sinarmas Energy and Mining - Indonesia
- VISA Power Limited - India
- Ministry of Mines - Canada
- Vedanta Resources Plc - India
- Oldendorff Carriers - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- New Zealand Coal & Carbon
- London Commodity Brokers - England
- Mercator Lines Limited - India
- Bhushan Steel Limited - India
- GMR Energy Limited - India
- Sakthi Sugars Limited - India
- International Coal Ventures Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Makarim & Taira - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Planning Commission, India
- Renaissance Capital - South Africa
- Bangladesh Power Developement Board
- Sical Logistics Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Merrill Lynch Commodities Europe
- Central Java Power - Indonesia
- Electricity Generating Authority of Thailand
- Essar Steel Hazira Ltd - India
- Coastal Gujarat Power Limited - India
- Georgia Ports Authority, United States
- Pipit Mutiara Jaya. PT, Indonesia
- Trasteel International SA, Italy
- Africa Commodities Group - South Africa
- Bhoruka Overseas - Indonesia
- ICICI Bank Limited - India
- PNOC Exploration Corporation - Philippines
- Thai Mozambique Logistica
- Eastern Energy - Thailand
- Global Green Power PLC Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Minerals Council of Australia
- Miang Besar Coal Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Bharathi Cement Corporation - India
- Orica Mining Services - Indonesia
- The Treasury - Australian Government
- Krishnapatnam Port Company Ltd. - India
- Bukit Makmur.PT - Indonesia
- Mjunction Services Limited - India
- Posco Energy - South Korea
- Ceylon Electricity Board - Sri Lanka
- Neyveli Lignite Corporation Ltd, - India
- Indika Energy - Indonesia
- Antam Resourcindo - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Formosa Plastics Group - Taiwan
- Directorate Of Revenue Intelligence - India
- GVK Power & Infra Limited - India
- Semirara Mining Corp, Philippines
- ASAPP Information Group - India
- Larsen & Toubro Limited - India
- Therma Luzon, Inc, Philippines
- McConnell Dowell - Australia
- Maheswari Brothers Coal Limited - India
- Lanco Infratech Ltd - India
- Karaikal Port Pvt Ltd - India
- The University of Queensland
- Grasim Industreis Ltd - India
- Semirara Mining and Power Corporation, Philippines
- MS Steel International - UAE
- India Bulls Power Limited - India
- Ministry of Transport, Egypt
- Kepco SPC Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Heidelberg Cement - Germany
- Ambuja Cements Ltd - India
- Star Paper Mills Limited - India
- SMG Consultants - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Mintek Dendrill Indonesia
- Sree Jayajothi Cements Limited - India
- Alfred C Toepfer International GmbH - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Riau Bara Harum - Indonesia
- CIMB Investment Bank - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Bulk Trading Sa - Switzerland
- Electricity Authority, New Zealand
- Attock Cement Pakistan Limited
- Marubeni Corporation - India
- Indonesian Coal Mining Association
- San Jose City I Power Corp, Philippines
- Kumho Petrochemical, South Korea
- Indo Tambangraya Megah - Indonesia
- Kobexindo Tractors - Indoneisa
- Toyota Tsusho Corporation, Japan
- Borneo Indobara - Indonesia
- Aboitiz Power Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Manunggal Multi Energi - Indonesia
- Deloitte Consulting - India
- Petrochimia International Co. Ltd.- Taiwan
- Central Electricity Authority - India
- GAC Shipping (India) Pvt Ltd
- Uttam Galva Steels Limited - India
- Xindia Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- PTC India Limited - India
- Baramulti Group, Indonesia
- Binh Thuan Hamico - Vietnam
- Savvy Resources Ltd - HongKong
- Agrawal Coal Company - India
- Billiton Holdings Pty Ltd - Australia
- Carbofer General Trading SA - India
- Orica Australia Pty. Ltd.
- Goldman Sachs - Singapore
- Cement Manufacturers Association - India
- Meenaskhi Energy Private Limited - India
- White Energy Company Limited
- Metalloyd Limited - United Kingdom
- Parry Sugars Refinery, India
- Petron Corporation, Philippines
- Global Business Power Corporation, Philippines
- Parliament of New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Global Coal Blending Company Limited - Australia
- Australian Coal Association
- Commonwealth Bank - Australia
- Rio Tinto Coal - Australia
- Power Finance Corporation Ltd., India
- GN Power Mariveles Coal Plant, Philippines
- Kapuas Tunggal Persada - Indonesia
- Kideco Jaya Agung - Indonesia
- Port Waratah Coal Services - Australia
- Tamil Nadu electricity Board
- South Luzon Thermal Energy Corporation
- Bayan Resources Tbk. - Indonesia
- Siam City Cement PLC, Thailand
- Siam City Cement - Thailand
- Cigading International Bulk Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Indian Oil Corporation Limited
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- Barasentosa Lestari - Indonesia
- Interocean Group of Companies - India
- Globalindo Alam Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Altura Mining Limited, Indonesia
- European Bulk Services B.V. - Netherlands
- Chettinad Cement Corporation Ltd - India
- Simpson Spence & Young - Indonesia
- Sojitz Corporation - Japan
- Rashtriya Ispat Nigam Limited - India
- Wood Mackenzie - Singapore
- Dalmia Cement Bharat India
- Eastern Coal Council - USA
- Ministry of Finance - Indonesia
- TeaM Sual Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coal and Oil Company - UAE
- Madhucon Powers Ltd - India
- Romanian Commodities Exchange
- Aditya Birla Group - India
- Malabar Cements Ltd - India
- Indian Energy Exchange, India
- Iligan Light & Power Inc, Philippines
- Videocon Industries ltd - India
- Wilmar Investment Holdings
- Straits Asia Resources Limited - Singapore
- Independent Power Producers Association of India
- Timah Investasi Mineral - Indoneisa
- Edison Trading Spa - Italy
- Bukit Baiduri Energy - Indonesia
- Australian Commodity Traders Exchange
- SMC Global Power, Philippines
- Economic Council, Georgia
- Mercuria Energy - Indonesia
- Vizag Seaport Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Price Waterhouse Coopers - Russia
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