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Tuesday, 13 December 22
STRONG COAL PRICES SUPPORT ROBUST EARNINGS AT INDONESIAN COAL MINERS - FITCH RATINGS
 Fitch Ratings expects cash flow generation at Indonesian coal miners to remain strong in 2023, based on its forecast for coal prices to remain high, even as they moderate from unprecedented levels in 2022. This should keep net leverage at manageable levels for most Fitch-rated entities, supporting adequate rating headroom.
We forecast the sector’s median EBITDA-based net leverage to remain low at 0.5x in 2023 (2022: 0.3x), underpinned by strong earnings, with coal prices staying above pre-2022 levels. Cash outlays are likely to be driven by diversification-related investments, with some miners initiating projects to move away from thermal coal amid investors’ heightened ESG concerns and tightening funding access. Nevertheless, most entities have sufficient cash buffers to support these investments. We expect capex requirements at most entities, except at PT ABM Investama Tbk (B+/Stable), to remain low, as none have major growth plans.
We also expect entities with a high accumulated cash balance to continue bond buy backs over the next 12 months, taking advantage of price discounts on their bonds to reduce debt and interest expenses. We believe the buy backs will lower refinancing requirements and improve companies’ financial flexibility amid the sector’s evolving funding access due to environmental considerations.
Source: Fitch Ratings
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Thursday, 22 December 22
RUSSIAN OIL EXPORTS CRATER BY 54% IN THE FIRST FULL WEEK OF THE EU'S EMBARGO AMID A SHORTAGE OF TANKERS WILLING TO CARRY CARGOES - BUSINESS INSIDER
Since the European Union imposed its seaborne crude sanctions, Russian oil exports have tumbled by more than half, according to data compiled by Bl ...
Thursday, 22 December 22
CHINA TIGHTENS VERIFICATION OF SHIPS’ ENERGY CONSUMPTION DATA - GARD
From 22 December 2022, ships trading to Chinese ports must record their energy consumption data in accordance with the requirements of their Ship E ...
Thursday, 22 December 22
AN OVERVIEW OF THE LNG MARKET - VESSELSVALUE
LNG values have continued to strengthen, spurred by skyrocketing earnings that have surpassed last year’s record breaking peaks. In November, ...
Thursday, 22 December 22
COKING COAL SLUMPS AS TALKS ON AUSTRALIA-CHINA TRADE RIFT LOOM - REUTERS
Chinese coking coal futures dropped more than 3 per cent on Tuesday (Dec 20), extending losses, as supply of the steelmaking input might increase i ...
Thursday, 22 December 22
COAL AND GAS PRICE CAPS MAY COMPOUND POLITICAL RISK FOR AUSTRALIAN CORPORATES - FITCH RATINGS
Australia’s introduction of temporary price caps on domestic sales of gas and coal used for electricity generation will probably have limited ...
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Showing 161 to 165 news of total 6871 |
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- McConnell Dowell - Australia
- Rashtriya Ispat Nigam Limited - India
- Sindya Power Generating Company Private Ltd
- Therma Luzon, Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Indian Energy Exchange, India
- Gujarat Sidhee Cement - India
- Thai Mozambique Logistica
- Ceylon Electricity Board - Sri Lanka
- Riau Bara Harum - Indonesia
- London Commodity Brokers - England
- SMC Global Power, Philippines
- ASAPP Information Group - India
- Bharathi Cement Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Wilmar Investment Holdings
- India Bulls Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Rio Tinto Coal - Australia
- MS Steel International - UAE
- Eastern Coal Council - USA
- Carbofer General Trading SA - India
- Barasentosa Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Parliament of New Zealand
- Bukit Makmur.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Sarangani Energy Corporation, Philippines
- Economic Council, Georgia
- Salva Resources Pvt Ltd - India
- Orica Mining Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Videocon Industries ltd - India
- Attock Cement Pakistan Limited
- Leighton Contractors Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Electricity Authority, New Zealand
- VISA Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Larsen & Toubro Limited - India
- Oldendorff Carriers - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Indogreen Group - Indonesia
- Bayan Resources Tbk. - Indonesia
- Latin American Coal - Colombia
- Globalindo Alam Lestari - Indonesia
- Vedanta Resources Plc - India
- Bhatia International Limited - India
- Jaiprakash Power Ventures ltd
- Holcim Trading Pte Ltd - Singapore
- Indo Tambangraya Megah - Indonesia
- Coastal Gujarat Power Limited - India
- Mintek Dendrill Indonesia
- Commonwealth Bank - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Essar Steel Hazira Ltd - India
- Agrawal Coal Company - India
- Pendopo Energi Batubara - Indonesia
- Tata Chemicals Ltd - India
- Samtan Co., Ltd - South Korea
- Coalindo Energy - Indonesia
- Siam City Cement - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Bulk Trading Sa - Switzerland
- Jorong Barutama Greston.PT - Indonesia
- Africa Commodities Group - South Africa
- The Treasury - Australian Government
- Cigading International Bulk Terminal - Indonesia
- PTC India Limited - India
- Directorate Of Revenue Intelligence - India
- Central Java Power - Indonesia
- Metalloyd Limited - United Kingdom
- Minerals Council of Australia
- Timah Investasi Mineral - Indoneisa
- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
- GVK Power & Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- White Energy Company Limited
- Power Finance Corporation Ltd., India
- Kaltim Prima Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Makarim & Taira - Indonesia
- Merrill Lynch Commodities Europe
- Eastern Energy - Thailand
- Trasteel International SA, Italy
- Ambuja Cements Ltd - India
- Anglo American - United Kingdom
- The University of Queensland
- Meenaskhi Energy Private Limited - India
- Global Business Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Marubeni Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Medco Energi Mining Internasional
- Vizag Seaport Private Limited - India
- CIMB Investment Bank - Malaysia
- Ministry of Mines - Canada
- Goldman Sachs - Singapore
- Chettinad Cement Corporation Ltd - India
- Interocean Group of Companies - India
- Indika Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Aditya Birla Group - India
- Grasim Industreis Ltd - India
- IEA Clean Coal Centre - UK
- Formosa Plastics Group - Taiwan
- Manunggal Multi Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Sical Logistics Limited - India
- Antam Resourcindo - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Deloitte Consulting - India
- Petron Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Posco Energy - South Korea
- Aboitiz Power Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Singapore Mercantile Exchange
- Sakthi Sugars Limited - India
- Central Electricity Authority - India
- Vijayanagar Sugar Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Planning Commission, India
- Semirara Mining and Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Port Waratah Coal Services - Australia
- Savvy Resources Ltd - HongKong
- Maharashtra Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Simpson Spence & Young - Indonesia
- Bangladesh Power Developement Board
- Baramulti Group, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- CNBM International Corporation - China
- Independent Power Producers Association of India
- Kumho Petrochemical, South Korea
- Uttam Galva Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- OPG Power Generation Pvt Ltd - India
- Xindia Steels Limited - India
- PowerSource Philippines DevCo
- Georgia Ports Authority, United States
- Lanco Infratech Ltd - India
- Kideco Jaya Agung - Indonesia
- Romanian Commodities Exchange
- Heidelberg Cement - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Coal and Oil Company - UAE
- Ind-Barath Power Infra Limited - India
- Chamber of Mines of South Africa
- Edison Trading Spa - Italy
- SMG Consultants - Indonesia
- Maheswari Brothers Coal Limited - India
- Thiess Contractors Indonesia
- TeaM Sual Corporation - Philippines
- Mercuria Energy - Indonesia
- Dalmia Cement Bharat India
- Tamil Nadu electricity Board
- PetroVietnam Power Coal Import and Supply Company
- Energy Link Ltd, New Zealand
- Cement Manufacturers Association - India
- Miang Besar Coal Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- The State Trading Corporation of India Ltd
- Energy Development Corp, Philippines
- Ministry of Finance - Indonesia
- Orica Australia Pty. Ltd.
- Australian Coal Association
- Indonesian Coal Mining Association
- Binh Thuan Hamico - Vietnam
- Mercator Lines Limited - India
- Sojitz Corporation - Japan
- Banpu Public Company Limited - Thailand
- Karaikal Port Pvt Ltd - India
- Australian Commodity Traders Exchange
- Straits Asia Resources Limited - Singapore
- Price Waterhouse Coopers - Russia
- Malabar Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- GMR Energy Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meralco Power Generation, Philippines
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- Borneo Indobara - Indonesia
- Ministry of Transport, Egypt
- Star Paper Mills Limited - India
- Billiton Holdings Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Intertek Mineral Services - Indonesia
- Madhucon Powers Ltd - India
- Mjunction Services Limited - India
- New Zealand Coal & Carbon
- Bank of Tokyo Mitsubishi UFJ Ltd
- San Jose City I Power Corp, Philippines
- ICICI Bank Limited - India
- Bhoruka Overseas - Indonesia
- Bhushan Steel Limited - India
- Wood Mackenzie - Singapore
- Parry Sugars Refinery, India
- LBH Netherlands Bv - Netherlands
- Siam City Cement PLC, Thailand
- International Coal Ventures Pvt Ltd - India
- Electricity Generating Authority of Thailand
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