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Tuesday, 13 December 22
YANCOAL AUSTRALIA TO PREPAY $459 MLN DEBT AS RECORD COAL PRICES BOOST CASHFLOWS - REUTERS
Coal miner Yancoal Australia Ltd. said on Friday it intended to prepay $459 million of its debt on or around Dec. 16, as elevated coal prices were supporting strong cash inflows.
Global coal prices have been touching near record highs, following fears of a supply crunch due to Western sanctions on Russia, the world’s third-largest exporter of coal, due to the Ukraine crisis.
The planned prepayment is part of the miner’s repayment towards its syndicated facility and its related-party loans, Yancoal said in a statement, leaving the miner with a $333 million syndicated term loan as its only remaining payable debt.
Of this, $301 million is due in the second half of 2024 and $32 million is due in the second half of 2026.
“Yancoal’s scale of production provides substantial cash inflows during periods of elevated coal prices, and the decision to undertake yet another debt prepayment was made possible by the recent coal price,” Yancoal Chief Executive Officer David Moult said.
Combined with debt prepayments in October 2021, July 2022 and October 2022, the planned $459 million debt prepayment will result in the miner having prepaid over $2.75 billion of debt in the last 15 months, the company said.
Source: Reuters
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Tuesday, 13 December 22
AUSTRALIA TO CAP PRICES OF COAL, GAS TO DRIVE DOWN ENERGY BILLS - REUTERS
Australia will cap coal and gas prices for a year in a bid to shave utility bills for households and businesses hit by soaring costs because of the ...
Tuesday, 13 December 22
WHY COAL LEADS THE RISE IN COMMODITIES THIS YEAR - MARKETWATCH
This year marked a resurgence for coal, often known — and loathed — by environmentalists as the dirtiest energy source, with prices mor ...
Thursday, 08 December 22
BIMCO TO REVISE WAR RISK CLAUSES
Work to revise the BIMCO War Cancellation Clause 2004, the BIMCO War Risks Clause for Time Chartering 2013 (CONWARTIME 2013) and the BIMCO War Risk ...
Thursday, 08 December 22
COAL ROYALTY PAYMENTS BOOST AUSTRALIAN STATE'S BUDGET FORECAST - REUTERS
Australia’s Queensland state on Wednesday forecast a record surplus for the current financial year, largely driven by higher royalty payments ...
Wednesday, 07 December 22
MARKET INSIGHT - INTERMODAL
China’s coal imports from January to October were 230.1m mt, a decrease of around 10.7% y-o-y (2021 totalled 323.2m mt). The question is if t ...
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- Gujarat Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Bhoruka Overseas - Indonesia
- Wood Mackenzie - Singapore
- Marubeni Corporation - India
- Global Coal Blending Company Limited - Australia
- Krishnapatnam Port Company Ltd. - India
- Makarim & Taira - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jindal Steel & Power Ltd - India
- Chettinad Cement Corporation Ltd - India
- Sree Jayajothi Cements Limited - India
- Siam City Cement PLC, Thailand
- Indian Energy Exchange, India
- India Bulls Power Limited - India
- Parliament of New Zealand
- Trasteel International SA, Italy
- Orica Australia Pty. Ltd.
- Kohat Cement Company Ltd. - Pakistan
- Intertek Mineral Services - Indonesia
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- Indian Oil Corporation Limited
- Manunggal Multi Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Aditya Birla Group - India
- Anglo American - United Kingdom
- Mercator Lines Limited - India
- Mjunction Services Limited - India
- The University of Queensland
- Kapuas Tunggal Persada - Indonesia
- Borneo Indobara - Indonesia
- Ind-Barath Power Infra Limited - India
- Africa Commodities Group - South Africa
- Gujarat Sidhee Cement - India
- Price Waterhouse Coopers - Russia
- Semirara Mining Corp, Philippines
- Electricity Authority, New Zealand
- PowerSource Philippines DevCo
- PTC India Limited - India
- Mercuria Energy - Indonesia
- Bhatia International Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Simpson Spence & Young - Indonesia
- Singapore Mercantile Exchange
- Alfred C Toepfer International GmbH - Germany
- Deloitte Consulting - India
- Energy Link Ltd, New Zealand
- Eastern Coal Council - USA
- Posco Energy - South Korea
- Altura Mining Limited, Indonesia
- Electricity Generating Authority of Thailand
- Australian Commodity Traders Exchange
- IHS Mccloskey Coal Group - USA
- Lanco Infratech Ltd - India
- Xindia Steels Limited - India
- Bulk Trading Sa - Switzerland
- San Jose City I Power Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Leighton Contractors Pty Ltd - Australia
- Wilmar Investment Holdings
- Indogreen Group - Indonesia
- Central Java Power - Indonesia
- The Treasury - Australian Government
- Kartika Selabumi Mining - Indonesia
- GVK Power & Infra Limited - India
- Thai Mozambique Logistica
- Miang Besar Coal Terminal - Indonesia
- Latin American Coal - Colombia
- Formosa Plastics Group - Taiwan
- Bangladesh Power Developement Board
- IEA Clean Coal Centre - UK
- Australian Coal Association
- Directorate Of Revenue Intelligence - India
- Cigading International Bulk Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Coalindo Energy - Indonesia
- Attock Cement Pakistan Limited
- Sindya Power Generating Company Private Ltd
- Ministry of Transport, Egypt
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cement Manufacturers Association - India
- Kobexindo Tractors - Indoneisa
- Aboitiz Power Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- McConnell Dowell - Australia
- Kumho Petrochemical, South Korea
- Bhushan Steel Limited - India
- Videocon Industries ltd - India
- Tamil Nadu electricity Board
- Riau Bara Harum - Indonesia
- Karaikal Port Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Malabar Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Grasim Industreis Ltd - India
- Straits Asia Resources Limited - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Agrawal Coal Company - India
- Minerals Council of Australia
- Globalindo Alam Lestari - Indonesia
- Mintek Dendrill Indonesia
- Star Paper Mills Limited - India
- Rashtriya Ispat Nigam Limited - India
- Holcim Trading Pte Ltd - Singapore
- Sojitz Corporation - Japan
- CNBM International Corporation - China
- Pipit Mutiara Jaya. PT, Indonesia
- Kepco SPC Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Timah Investasi Mineral - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Oldendorff Carriers - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Independent Power Producers Association of India
- Energy Development Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Sakthi Sugars Limited - India
- Renaissance Capital - South Africa
- Global Green Power PLC Corporation, Philippines
- New Zealand Coal & Carbon
- PNOC Exploration Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Metalloyd Limited - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- LBH Netherlands Bv - Netherlands
- CIMB Investment Bank - Malaysia
- Rio Tinto Coal - Australia
- Goldman Sachs - Singapore
- Merrill Lynch Commodities Europe
- Coastal Gujarat Power Limited - India
- Meenaskhi Energy Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Baramulti Group, Indonesia
- MS Steel International - UAE
- Maheswari Brothers Coal Limited - India
- Edison Trading Spa - Italy
- Orica Mining Services - Indonesia
- Jaiprakash Power Ventures ltd
- Petron Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Antam Resourcindo - Indonesia
- Power Finance Corporation Ltd., India
- Salva Resources Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Tata Chemicals Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Economic Council, Georgia
- Pendopo Energi Batubara - Indonesia
- Bharathi Cement Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- Indika Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Interocean Group of Companies - India
- Global Business Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Carbofer General Trading SA - India
- Meralco Power Generation, Philippines
- Semirara Mining and Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- ICICI Bank Limited - India
- International Coal Ventures Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Vedanta Resources Plc - India
- Sical Logistics Limited - India
- ASAPP Information Group - India
- GAC Shipping (India) Pvt Ltd
- London Commodity Brokers - England
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Madhucon Powers Ltd - India
- Uttam Galva Steels Limited - India
- Kaltim Prima Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Chamber of Mines of South Africa
- SMC Global Power, Philippines
- Ambuja Cements Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- SMG Consultants - Indonesia
- Toyota Tsusho Corporation, Japan
- Ministry of Mines - Canada
- Central Electricity Authority - India
- Medco Energi Mining Internasional
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vijayanagar Sugar Pvt Ltd - India
- White Energy Company Limited
- VISA Power Limited - India
- GMR Energy Limited - India
- Binh Thuan Hamico - Vietnam
- Siam City Cement - Thailand
- Indonesian Coal Mining Association
- European Bulk Services B.V. - Netherlands
- SN Aboitiz Power Inc, Philippines
- Larsen & Toubro Limited - India
- Eastern Energy - Thailand
- Heidelberg Cement - Germany
- Jorong Barutama Greston.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Romanian Commodities Exchange
- Banpu Public Company Limited - Thailand
- Commonwealth Bank - Australia
- Planning Commission, India
- Dalmia Cement Bharat India
- Thiess Contractors Indonesia
- Sarangani Energy Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coal and Oil Company - UAE
- Georgia Ports Authority, United States
- Therma Luzon, Inc, Philippines
- TeaM Sual Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vizag Seaport Private Limited - India
- Standard Chartered Bank - UAE
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