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Tuesday, 16 November 21
EARNINGS RECOVERY IN INDONESIAN COAL TO CONTINUE THROUGH 2021, BUT SLOW IN 2022 - FITCH RATINGS
 The recovery in the operating and financial performance of Indonesian coal miners and coal contractors is likely to slow in 2022, but coal prices should hold up for the remainder of 2021 amid strong demand, Fitch Ratings says.
We expect lower volume in 2H21 amid weather-related disruption and for cash costs to stay high, with most miners raising strip ratios to boost long-term operational flexibility. Nevertheless, this should be more than offset by strong average selling prices, keeping earnings strong for the year, says Fitch Ratings.
Fitch Ratings further noted that, strong selling prices have boosted the reported earnings for PT Adaro Indonesia (BBB-/Stable), PT Bayan Resources Tbk (BB-/Stable), PT ABM Investama Tbk (B+/Stable) and PT Indika Energy Tbk (BB-/Negative). However, rising cash costs led to lower 2Q21 earnings at Golden Energy and Resources Limited (B+/Stable) and PT Golden Energy Mines Tbk (B+/Stable), due to higher strip ratios, increase in selling expenses and fuel costs.
Earnings at PT Bukit Makmur Mandiri Utama (BB-/Negative) also rose in 2Q21, but remained below the historical average amid high average costs on account of repair and maintenance costs. This was even as volume recovered by 18% qoq.
- Fitch Ratings -
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Wednesday, 24 November 21
WHY THIS MINING ANALYST IS UPBEAT ON THE IRON ORE PRICE FORECAST - MOTLEY FOOL
In many ways, 2021 can be called the year of the iron ore price. Much of the talk of the ASX town this year has revolved around this key economic m ...
Wednesday, 24 November 21
PRICE OF CHINA’S COAL FUTURE DROPS BY 60% AS NATIONWIDE DAILY OUTPUT REACHES OVER 12 MILLION TONS: NDRC - GLOBAL TIMES
China’s daily coal output has now stabilized after reaching over 12 million tons and the price of coal futures has declined to 800 yuan ($125 ...
Friday, 19 November 21
CHINA: COAL SUPPLIES TO STABILIZE FOR COMING COLD SEASON
China is capable of ensuring stable coal supplies this winter and next spring with the increase in coal production and the rising stockpiles at pow ...
Wednesday, 17 November 21
MARKET INSIGHT - INTERMODAL
It has been another declining week for the dry bulk market and evidently, we are seeing asset values gradually losing momentum as well. Following a ...
Tuesday, 16 November 21
INDONESIA’S 2022 COAL USE FOR POWER GENERATION SET TO RISE 3% - REUTERS
Indonesia’s coal consumption for power generation is likely to rise by 3.1% next year compared to 2021, the head of the country’s state ...
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- Parry Sugars Refinery, India
- Wilmar Investment Holdings
- Baramulti Group, Indonesia
- The University of Queensland
- Karbindo Abesyapradhi - Indoneisa
- Medco Energi Mining Internasional
- Latin American Coal - Colombia
- Iligan Light & Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Kalimantan Lumbung Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Energy Development Corp, Philippines
- ICICI Bank Limited - India
- Merrill Lynch Commodities Europe
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Manunggal Multi Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- McConnell Dowell - Australia
- Independent Power Producers Association of India
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining and Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Sakthi Sugars Limited - India
- Maheswari Brothers Coal Limited - India
- Romanian Commodities Exchange
- Petron Corporation, Philippines
- Price Waterhouse Coopers - Russia
- IEA Clean Coal Centre - UK
- Eastern Coal Council - USA
- TNB Fuel Sdn Bhd - Malaysia
- Toyota Tsusho Corporation, Japan
- Central Electricity Authority - India
- Kaltim Prima Coal - Indonesia
- Economic Council, Georgia
- GVK Power & Infra Limited - India
- Georgia Ports Authority, United States
- Ministry of Transport, Egypt
- Coal and Oil Company - UAE
- Cigading International Bulk Terminal - Indonesia
- Standard Chartered Bank - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Madhucon Powers Ltd - India
- Central Java Power - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- White Energy Company Limited
- Posco Energy - South Korea
- Larsen & Toubro Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Interocean Group of Companies - India
- Salva Resources Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Parliament of New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Dalmia Cement Bharat India
- Electricity Authority, New Zealand
- Cement Manufacturers Association - India
- The State Trading Corporation of India Ltd
- Bhoruka Overseas - Indonesia
- Thiess Contractors Indonesia
- MS Steel International - UAE
- Ministry of Finance - Indonesia
- Ambuja Cements Ltd - India
- Tamil Nadu electricity Board
- Marubeni Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PTC India Limited - India
- Africa Commodities Group - South Africa
- International Coal Ventures Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Riau Bara Harum - Indonesia
- Commonwealth Bank - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Jindal Steel & Power Ltd - India
- Planning Commission, India
- SMC Global Power, Philippines
- Meralco Power Generation, Philippines
- TeaM Sual Corporation - Philippines
- CNBM International Corporation - China
- Siam City Cement - Thailand
- Orica Mining Services - Indonesia
- Makarim & Taira - Indonesia
- Grasim Industreis Ltd - India
- Indonesian Coal Mining Association
- Coalindo Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Chamber of Mines of South Africa
- Attock Cement Pakistan Limited
- Bulk Trading Sa - Switzerland
- Therma Luzon, Inc, Philippines
- Rio Tinto Coal - Australia
- Kobexindo Tractors - Indoneisa
- Altura Mining Limited, Indonesia
- Port Waratah Coal Services - Australia
- Bukit Makmur.PT - Indonesia
- Renaissance Capital - South Africa
- Intertek Mineral Services - Indonesia
- San Jose City I Power Corp, Philippines
- Orica Australia Pty. Ltd.
- Indo Tambangraya Megah - Indonesia
- European Bulk Services B.V. - Netherlands
- Eastern Energy - Thailand
- Barasentosa Lestari - Indonesia
- Goldman Sachs - Singapore
- Australian Commodity Traders Exchange
- Global Business Power Corporation, Philippines
- New Zealand Coal & Carbon
- Gujarat Sidhee Cement - India
- Binh Thuan Hamico - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tata Chemicals Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bharathi Cement Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Bayan Resources Tbk. - Indonesia
- Pendopo Energi Batubara - Indonesia
- GMR Energy Limited - India
- Formosa Plastics Group - Taiwan
- Antam Resourcindo - Indonesia
- SMG Consultants - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Gujarat Mineral Development Corp Ltd - India
- Wood Mackenzie - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Globalindo Alam Lestari - Indonesia
- Bhushan Steel Limited - India
- Sical Logistics Limited - India
- Mercuria Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SN Aboitiz Power Inc, Philippines
- Vedanta Resources Plc - India
- Essar Steel Hazira Ltd - India
- Timah Investasi Mineral - Indoneisa
- Mintek Dendrill Indonesia
- Carbofer General Trading SA - India
- Siam City Cement PLC, Thailand
- Sarangani Energy Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Banpu Public Company Limited - Thailand
- Minerals Council of Australia
- Rashtriya Ispat Nigam Limited - India
- Malabar Cements Ltd - India
- Vizag Seaport Private Limited - India
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
- Simpson Spence & Young - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Anglo American - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Agrawal Coal Company - India
- Miang Besar Coal Terminal - Indonesia
- Trasteel International SA, Italy
- Chettinad Cement Corporation Ltd - India
- Aditya Birla Group - India
- Mjunction Services Limited - India
- Neyveli Lignite Corporation Ltd, - India
- PNOC Exploration Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Indika Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Sindya Power Generating Company Private Ltd
- Xindia Steels Limited - India
- Indian Energy Exchange, India
- Star Paper Mills Limited - India
- Indian Oil Corporation Limited
- Uttam Galva Steels Limited - India
- South Luzon Thermal Energy Corporation
- Videocon Industries ltd - India
- Indogreen Group - Indonesia
- Australian Coal Association
- Sojitz Corporation - Japan
- Samtan Co., Ltd - South Korea
- Sinarmas Energy and Mining - Indonesia
- Thai Mozambique Logistica
- Karaikal Port Pvt Ltd - India
- PowerSource Philippines DevCo
- Directorate General of MIneral and Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Baiduri Energy - Indonesia
- Semirara Mining Corp, Philippines
- Singapore Mercantile Exchange
- Electricity Generating Authority of Thailand
- Energy Link Ltd, New Zealand
- Ministry of Mines - Canada
- Bangladesh Power Developement Board
- London Commodity Brokers - England
- Sree Jayajothi Cements Limited - India
- Metalloyd Limited - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Heidelberg Cement - Germany
- Kepco SPC Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Borneo Indobara - Indonesia
- Power Finance Corporation Ltd., India
- Mercator Lines Limited - India
- AsiaOL BioFuels Corp., Philippines
- Oldendorff Carriers - Singapore
- GAC Shipping (India) Pvt Ltd
- ASAPP Information Group - India
- CIMB Investment Bank - Malaysia
- Lanco Infratech Ltd - India
- Bhatia International Limited - India
- VISA Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
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