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Wednesday, 01 December 21
2022 OUTLOOK: INDONESIAN COAL MINING - FITCH RATINGS
 Fitch Ratings has a neutral outlook on the Indonesian coal sector for 2022.
Earnings generation should slow down as selling prices ease from the highs of 2021, while cash accumulation from 2021 should support adequate rating headroom for most companies.
Fitch expects operating profiles to remain the key driver for most ratings. Capex is likely to remain low as organic growth is still slow. Investments might pick up as some miners may continue to look at diversification away from thermal coal to ease out the rising ESG considerations from various funding sources.
Fitch revised up its 2022 price assumptions for Australia Newcastle 6,000kcal/kg coal in November 2021, followed by an upward revision of our Indonesian 4,200kcal price estimates, based on the sector’s evolving supply and demand dynamics. Most coal producers are on Stable Outlook due to wider rating headroom amid strong earnings forecasts into 2022.
Source: Fitch Ratings
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Wednesday, 03 November 21
CHINA TO LAUNCH NEW DATA MONITORING SYSTEM, TARGETING COAL MARKET SPECULATION, HOARDING - GLOBAL TIMES
China’s top economic planner announced on Sunday a new data system for supervising the implementation of medium- and long-term contracts of c ...
Wednesday, 03 November 21
CHINA’S STATE PLANNER SAYS COAL SUPPLY IMPROVING, PRICES STABILISING - REUTERS
China’s coal supply situation has seen significant improvement with joint efforts from coal producers, logistics and downstream users, while ...
Wednesday, 03 November 21
HIGHER COKING COAL PRICES TO PARE PROFITABILITY OF STEELMAKERS IN SECOND HALF OF FY22 - CRISIL RATINGS
The operating margin of primary steelmakers will reduce by a third to 24-26% in the second half of this fiscal versus the first half as input cost ...
Wednesday, 03 November 21
MARKET INSIGHT - INTERMODAL
November is here and soon the all time seasonal favorite “all I want or Christmas is you” by Mariah Carey will be played in radio stati ...
Monday, 01 November 21
COAL PRICES HAVE FURTHER ROOM TO DROP: TOP ECONOMIC PLANNER - GLOBAL TIMES
China’s top economic planner said coal prices have further room to drop on Friday, as the most traded coal futures dropped to below 1,000 yua ...
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- Essar Steel Hazira Ltd - India
- Bukit Makmur.PT - Indonesia
- Deloitte Consulting - India
- CIMB Investment Bank - Malaysia
- Australian Commodity Traders Exchange
- Orica Australia Pty. Ltd.
- Carbofer General Trading SA - India
- Directorate General of MIneral and Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Australian Coal Association
- Indogreen Group - Indonesia
- Standard Chartered Bank - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Georgia Ports Authority, United States
- Edison Trading Spa - Italy
- Kalimantan Lumbung Energi - Indonesia
- VISA Power Limited - India
- Eastern Energy - Thailand
- Malabar Cements Ltd - India
- Formosa Plastics Group - Taiwan
- ASAPP Information Group - India
- Coastal Gujarat Power Limited - India
- Sindya Power Generating Company Private Ltd
- The State Trading Corporation of India Ltd
- Ministry of Finance - Indonesia
- Semirara Mining Corp, Philippines
- MS Steel International - UAE
- Pendopo Energi Batubara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Eastern Coal Council - USA
- Dalmia Cement Bharat India
- Siam City Cement PLC, Thailand
- Kohat Cement Company Ltd. - Pakistan
- Offshore Bulk Terminal Pte Ltd, Singapore
- GMR Energy Limited - India
- Metalloyd Limited - United Kingdom
- SMC Global Power, Philippines
- Kaltim Prima Coal - Indonesia
- Tamil Nadu electricity Board
- OPG Power Generation Pvt Ltd - India
- London Commodity Brokers - England
- Coal and Oil Company - UAE
- Holcim Trading Pte Ltd - Singapore
- Rio Tinto Coal - Australia
- Gujarat Sidhee Cement - India
- Tata Chemicals Ltd - India
- Grasim Industreis Ltd - India
- Thiess Contractors Indonesia
- Goldman Sachs - Singapore
- San Jose City I Power Corp, Philippines
- Siam City Cement - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- Global Business Power Corporation, Philippines
- Romanian Commodities Exchange
- Meralco Power Generation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- New Zealand Coal & Carbon
- Kepco SPC Power Corporation, Philippines
- Cement Manufacturers Association - India
- Global Coal Blending Company Limited - Australia
- Asmin Koalindo Tuhup - Indonesia
- Ind-Barath Power Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining and Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Videocon Industries ltd - India
- Indian Oil Corporation Limited
- SN Aboitiz Power Inc, Philippines
- The Treasury - Australian Government
- Bulk Trading Sa - Switzerland
- Uttam Galva Steels Limited - India
- Riau Bara Harum - Indonesia
- Bhatia International Limited - India
- Bhoruka Overseas - Indonesia
- Central Java Power - Indonesia
- Kumho Petrochemical, South Korea
- Chettinad Cement Corporation Ltd - India
- IHS Mccloskey Coal Group - USA
- Altura Mining Limited, Indonesia
- Lanco Infratech Ltd - India
- PTC India Limited - India
- Leighton Contractors Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Jorong Barutama Greston.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- SMG Consultants - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Wood Mackenzie - Singapore
- Coalindo Energy - Indonesia
- Africa Commodities Group - South Africa
- India Bulls Power Limited - India
- ICICI Bank Limited - India
- Planning Commission, India
- Central Electricity Authority - India
- Star Paper Mills Limited - India
- Ministry of Transport, Egypt
- Thai Mozambique Logistica
- Mercuria Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Bharathi Cement Corporation - India
- Therma Luzon, Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Economic Council, Georgia
- Indonesian Coal Mining Association
- Madhucon Powers Ltd - India
- Renaissance Capital - South Africa
- Vedanta Resources Plc - India
- Jaiprakash Power Ventures ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Borneo Indobara - Indonesia
- Directorate Of Revenue Intelligence - India
- PNOC Exploration Corporation - Philippines
- Sakthi Sugars Limited - India
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- LBH Netherlands Bv - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- Parliament of New Zealand
- McConnell Dowell - Australia
- Trasteel International SA, Italy
- Krishnapatnam Port Company Ltd. - India
- Barasentosa Lestari - Indonesia
- CNBM International Corporation - China
- Kideco Jaya Agung - Indonesia
- Indian Energy Exchange, India
- Bangladesh Power Developement Board
- The University of Queensland
- Kapuas Tunggal Persada - Indonesia
- Antam Resourcindo - Indonesia
- Vizag Seaport Private Limited - India
- Attock Cement Pakistan Limited
- Neyveli Lignite Corporation Ltd, - India
- Agrawal Coal Company - India
- Global Green Power PLC Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Marubeni Corporation - India
- Samtan Co., Ltd - South Korea
- International Coal Ventures Pvt Ltd - India
- Commonwealth Bank - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indika Energy - Indonesia
- Bhushan Steel Limited - India
- Oldendorff Carriers - Singapore
- Alfred C Toepfer International GmbH - Germany
- Globalindo Alam Lestari - Indonesia
- Sojitz Corporation - Japan
- Binh Thuan Hamico - Vietnam
- Anglo American - United Kingdom
- Baramulti Group, Indonesia
- IEA Clean Coal Centre - UK
- Timah Investasi Mineral - Indoneisa
- Iligan Light & Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Wilmar Investment Holdings
- Mercator Lines Limited - India
- Independent Power Producers Association of India
- TNB Fuel Sdn Bhd - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Generating Authority of Thailand
- Bayan Resources Tbk. - Indonesia
- Larsen & Toubro Limited - India
- Kobexindo Tractors - Indoneisa
- White Energy Company Limited
- Energy Development Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Ambuja Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Latin American Coal - Colombia
- Singapore Mercantile Exchange
- Minerals Council of Australia
- GVK Power & Infra Limited - India
- Aditya Birla Group - India
- Orica Mining Services - Indonesia
- Mjunction Services Limited - India
- TeaM Sual Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Price Waterhouse Coopers - Russia
- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Bukit Baiduri Energy - Indonesia
- Chamber of Mines of South Africa
- Sarangani Energy Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Posco Energy - South Korea
- Port Waratah Coal Services - Australia
- Sree Jayajothi Cements Limited - India
- Aboitiz Power Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Savvy Resources Ltd - HongKong
- Power Finance Corporation Ltd., India
- Merrill Lynch Commodities Europe
- Mintek Dendrill Indonesia
- European Bulk Services B.V. - Netherlands
- Meenaskhi Energy Private Limited - India
- Sical Logistics Limited - India
- Petron Corporation, Philippines
- Electricity Authority, New Zealand
- Banpu Public Company Limited - Thailand
- Toyota Tsusho Corporation, Japan
- Xindia Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Parry Sugars Refinery, India
- PowerSource Philippines DevCo
- Maheswari Brothers Coal Limited - India
- Cigading International Bulk Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Medco Energi Mining Internasional
- Heidelberg Cement - Germany
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