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Thursday, 14 April 16
AUSTRALIAN MINING SERVICES SECTOR SQUEEZED BY MINERS' COST CUTS - FITCH RATINGS
 Fitch Ratings says mining services companies' revenues and margins will remain under pressure as miners continue to focus on reducing costs amid lower commodity prices.
Mining companies continue to move operations in-house, renegotiate service contracts to reduce value or scope, extend payment terms and limit further exploration as they seek to minimise costs and restore profitability. This directly impacts the work contracted to mining services companies, either squeezing margins, delaying cash inflows or reducing the pipeline of work available.
The decision last week by Fortescue Metals Group Limited not to renew its contract with Downer EDI Limited, as its moves to an owner-operator model at its Christmas Creek mines, highlights this trend. Fortescue had also reduced the scope of the contract in February 2015. In addition, Rio Tinto Ltd announced last week that it was extending its supplier payment terms to 90 days from 45 days for contracts greater than USD3m, and to 60 days for contracts under this threshold. Other solutions over the past year include Atlas Iron announcing a profit sharing arrangement linked to iron ore prices with its contractors to address the impact of price volatility on its returns.
Fitch expects mining service companies with limited operations outside the resources sector to be more affected by the mining companies' actions because they have fewer opportunities to replace lost revenues. Fitch downgraded Emeco Holding Limited's Issuer Default Rating by two notches to 'B-' in September 2015, which reflected the impact of the prolonged weakness in global commodity markets on its profitability, cash flows and scale. The recent insolvencies of Civil Australia Holdings and WDS Ltd. continue to highlight the increasing challenges smaller mining service companies face in this new environment.
Larger and more diversified engineering firms, such as Downer, are likely to be less affected by the miners' actions. Their exposure to other sectors, including infrastructure and civil sectors, allows them to mitigate any loss of mining services revenue.
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Tuesday, 16 June 20
SHALE SHOCKED - WOOD MACKENZIE
Capturing shut-ins in real time
Oil markets are searching for balance as the world reflects on the impact of the COVID-19 pandemic. ...
Sunday, 14 June 20
INDONESIAN COAL WAS STILL IN DEMAND; A 52,000-DWT SUPRAMAX FIXING DELIVERY CJK FOR A ROUND VOYAGE VIA INDONESIA AT $6,250 - BALTIC BRIEFING
Capesize
The Capesize market made new highs for the year this week after strong iron ore demand to the far east continued to develop in the mar ...
Friday, 12 June 20
CHINA CURBS COAL IMPORTS AFTER 5 MONTHS OF RECORD INFLOWS - SOURCES: REUTERS
China has stepped up customs checks for coal imports, leading to lengthy processing delays at ports, four sources familiar with the matter said, as ...
Friday, 12 June 20
COAL INDIA LIMITED SET FOR MARKETING DRIVE TO CREATE DEMAND - FINANCIAL EXPRESS
State-run miner Coal India (CIL), which is primarily focused on supplying coal to the power sector, is now reorienting its marketing to create dema ...
Friday, 12 June 20
MOODY'S REVISES BRENT OIL PRICE OUTLOOK TO $35/BARREL IN 2020 - TASS
Low oil prices are likely to exert the highest pressure on Iraq, Oman and Kuwait due to the limited space for the fiscal policy pursuit and higher ...
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- Miang Besar Coal Terminal - Indonesia
- Australian Commodity Traders Exchange
- Cigading International Bulk Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Bangladesh Power Developement Board
- Global Coal Blending Company Limited - Australia
- Maheswari Brothers Coal Limited - India
- Banpu Public Company Limited - Thailand
- Larsen & Toubro Limited - India
- Therma Luzon, Inc, Philippines
- Tata Chemicals Ltd - India
- Bhatia International Limited - India
- Thiess Contractors Indonesia
- Deloitte Consulting - India
- Simpson Spence & Young - Indonesia
- International Coal Ventures Pvt Ltd - India
- Coal and Oil Company - UAE
- Gujarat Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Jindal Steel & Power Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Meenaskhi Energy Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Kalimantan Lumbung Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ICICI Bank Limited - India
- Gujarat Sidhee Cement - India
- Latin American Coal - Colombia
- Meralco Power Generation, Philippines
- Sinarmas Energy and Mining - Indonesia
- San Jose City I Power Corp, Philippines
- Interocean Group of Companies - India
- The Treasury - Australian Government
- Petrochimia International Co. Ltd.- Taiwan
- SN Aboitiz Power Inc, Philippines
- Electricity Authority, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- The State Trading Corporation of India Ltd
- AsiaOL BioFuels Corp., Philippines
- Singapore Mercantile Exchange
- Renaissance Capital - South Africa
- McConnell Dowell - Australia
- GMR Energy Limited - India
- Electricity Generating Authority of Thailand
- Indonesian Coal Mining Association
- OPG Power Generation Pvt Ltd - India
- Medco Energi Mining Internasional
- Port Waratah Coal Services - Australia
- Metalloyd Limited - United Kingdom
- SMG Consultants - Indonesia
- CIMB Investment Bank - Malaysia
- Commonwealth Bank - Australia
- Sarangani Energy Corporation, Philippines
- Thai Mozambique Logistica
- Videocon Industries ltd - India
- New Zealand Coal & Carbon
- Kaltim Prima Coal - Indonesia
- Mercuria Energy - Indonesia
- Petron Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Ministry of Mines - Canada
- Edison Trading Spa - Italy
- Orica Australia Pty. Ltd.
- Sakthi Sugars Limited - India
- GAC Shipping (India) Pvt Ltd
- Carbofer General Trading SA - India
- Bukit Baiduri Energy - Indonesia
- Malabar Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Rio Tinto Coal - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Madhucon Powers Ltd - India
- Kobexindo Tractors - Indoneisa
- White Energy Company Limited
- Billiton Holdings Pty Ltd - Australia
- Mercator Lines Limited - India
- Ambuja Cements Ltd - India
- Essar Steel Hazira Ltd - India
- European Bulk Services B.V. - Netherlands
- Sical Logistics Limited - India
- Kumho Petrochemical, South Korea
- Coalindo Energy - Indonesia
- PowerSource Philippines DevCo
- Kideco Jaya Agung - Indonesia
- ASAPP Information Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Georgia Ports Authority, United States
- Globalindo Alam Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Marubeni Corporation - India
- Indogreen Group - Indonesia
- CNBM International Corporation - China
- Mjunction Services Limited - India
- Bulk Trading Sa - Switzerland
- Energy Link Ltd, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Standard Chartered Bank - UAE
- Semirara Mining Corp, Philippines
- Economic Council, Georgia
- Maharashtra Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Mineral Development Corp Ltd - India
- Manunggal Multi Energi - Indonesia
- London Commodity Brokers - England
- Heidelberg Cement - Germany
- Uttam Galva Steels Limited - India
- Makarim & Taira - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Chamber of Mines of South Africa
- Salva Resources Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Altura Mining Limited, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Independent Power Producers Association of India
- The University of Queensland
- Ministry of Finance - Indonesia
- Energy Development Corp, Philippines
- Vedanta Resources Plc - India
- Wood Mackenzie - Singapore
- Parliament of New Zealand
- VISA Power Limited - India
- GVK Power & Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Romanian Commodities Exchange
- IEA Clean Coal Centre - UK
- Baramulti Group, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Oldendorff Carriers - Singapore
- TeaM Sual Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Bayan Resources Tbk. - Indonesia
- Posco Energy - South Korea
- Indian Oil Corporation Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- India Bulls Power Limited - India
- Bhoruka Overseas - Indonesia
- Siam City Cement - Thailand
- Chettinad Cement Corporation Ltd - India
- Central Java Power - Indonesia
- Eastern Coal Council - USA
- Power Finance Corporation Ltd., India
- Anglo American - United Kingdom
- Dalmia Cement Bharat India
- Wilmar Investment Holdings
- Rashtriya Ispat Nigam Limited - India
- Pendopo Energi Batubara - Indonesia
- Cement Manufacturers Association - India
- Aditya Birla Group - India
- Straits Asia Resources Limited - Singapore
- Tamil Nadu electricity Board
- Planning Commission, India
- South Luzon Thermal Energy Corporation
- Iligan Light & Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Energy Exchange, India
- Australian Coal Association
- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- MS Steel International - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Trasteel International SA, Italy
- Formosa Plastics Group - Taiwan
- Grasim Industreis Ltd - India
- Goldman Sachs - Singapore
- SMC Global Power, Philippines
- Samtan Co., Ltd - South Korea
- Mintek Dendrill Indonesia
- Riau Bara Harum - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PNOC Exploration Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Star Paper Mills Limited - India
- Sojitz Corporation - Japan
- Sree Jayajothi Cements Limited - India
- Directorate Of Revenue Intelligence - India
- Siam City Cement PLC, Thailand
- Eastern Energy - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Kepco SPC Power Corporation, Philippines
- Indika Energy - Indonesia
- Borneo Indobara - Indonesia
- Parry Sugars Refinery, India
- Karaikal Port Pvt Ltd - India
- Agrawal Coal Company - India
- Antam Resourcindo - Indonesia
- Ministry of Transport, Egypt
- Timah Investasi Mineral - Indoneisa
- Attock Cement Pakistan Limited
- Xindia Steels Limited - India
- Bharathi Cement Corporation - India
- Central Electricity Authority - India
- PTC India Limited - India
- Bhushan Steel Limited - India
- Bukit Makmur.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kapuas Tunggal Persada - Indonesia
- Indo Tambangraya Megah - Indonesia
- Coastal Gujarat Power Limited - India
- Barasentosa Lestari - Indonesia
- Minerals Council of Australia
- Lanco Infratech Ltd - India
- Aboitiz Power Corporation - Philippines
- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
- Kartika Selabumi Mining - Indonesia
- Vizag Seaport Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Mining Services - Indonesia
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