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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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Thursday, 11 June 20
JAN-MAY, INDONESIA SHIPPED 175.15 MILLION TONS OF COAL TO ITS OVERSEAS BUYERS
Indonesia's coal production for the first 5 months of this year have reached 228 million tons. January – May 2020, Indonesia shipped US$ ...
Thursday, 11 June 20
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Wednesday, 10 June 20
OPEC+ CUTS EXTENSION TO ACCELERATE MARKET REBALANCING - FITCH RATINGS
Fitch Ratings-London-08 June 2020: The OPEC+ agreement to extend by one month record oil production cuts should accelerate market rebalancing, Fitc ...
Wednesday, 10 June 20
MARKET INSIGHT - INTERMODAL
In contrast to the economic projections of the past two years for the first half of 2020, the oil & gas industry and those involved in it faced ...
Wednesday, 10 June 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.19 PCT - XINHUA
China Taiyuan coal transaction price index stood at 123.71 points Monday, down 0.19 percent week on week.
The index, released by Chi ...
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Showing 916 to 920 news of total 6871 |
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- Orica Mining Services - Indonesia
- Cement Manufacturers Association - India
- AsiaOL BioFuels Corp., Philippines
- Tata Chemicals Ltd - India
- ICICI Bank Limited - India
- Timah Investasi Mineral - Indoneisa
- Essar Steel Hazira Ltd - India
- Power Finance Corporation Ltd., India
- GN Power Mariveles Coal Plant, Philippines
- Formosa Plastics Group - Taiwan
- Iligan Light & Power Inc, Philippines
- White Energy Company Limited
- Marubeni Corporation - India
- Gujarat Sidhee Cement - India
- Simpson Spence & Young - Indonesia
- Bharathi Cement Corporation - India
- Bhushan Steel Limited - India
- Medco Energi Mining Internasional
- Chettinad Cement Corporation Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Banpu Public Company Limited - Thailand
- Globalindo Alam Lestari - Indonesia
- Rio Tinto Coal - Australia
- Riau Bara Harum - Indonesia
- Chamber of Mines of South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Posco Energy - South Korea
- Binh Thuan Hamico - Vietnam
- Aditya Birla Group - India
- Siam City Cement PLC, Thailand
- Larsen & Toubro Limited - India
- Madhucon Powers Ltd - India
- Parliament of New Zealand
- PNOC Exploration Corporation - Philippines
- Africa Commodities Group - South Africa
- Holcim Trading Pte Ltd - Singapore
- Petron Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Australian Commodity Traders Exchange
- Ministry of Mines - Canada
- MS Steel International - UAE
- Directorate Of Revenue Intelligence - India
- Wood Mackenzie - Singapore
- Electricity Authority, New Zealand
- Uttam Galva Steels Limited - India
- Central Java Power - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Economic Council, Georgia
- European Bulk Services B.V. - Netherlands
- Antam Resourcindo - Indonesia
- Kepco SPC Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Videocon Industries ltd - India
- IEA Clean Coal Centre - UK
- Karbindo Abesyapradhi - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- SN Aboitiz Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Coal Association
- Jindal Steel & Power Ltd - India
- CIMB Investment Bank - Malaysia
- Global Business Power Corporation, Philippines
- Bangladesh Power Developement Board
- Pendopo Energi Batubara - Indonesia
- Indonesian Coal Mining Association
- Kartika Selabumi Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Kaltim Prima Coal - Indonesia
- McConnell Dowell - Australia
- Wilmar Investment Holdings
- Coastal Gujarat Power Limited - India
- Toyota Tsusho Corporation, Japan
- TeaM Sual Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Orica Australia Pty. Ltd.
- Gujarat Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Agrawal Coal Company - India
- Standard Chartered Bank - UAE
- South Luzon Thermal Energy Corporation
- Straits Asia Resources Limited - Singapore
- Borneo Indobara - Indonesia
- Sree Jayajothi Cements Limited - India
- GVK Power & Infra Limited - India
- Mjunction Services Limited - India
- Lanco Infratech Ltd - India
- Planning Commission, India
- Mercator Lines Limited - India
- Sojitz Corporation - Japan
- Neyveli Lignite Corporation Ltd, - India
- Malabar Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Altura Mining Limited, Indonesia
- Parry Sugars Refinery, India
- Renaissance Capital - South Africa
- Sarangani Energy Corporation, Philippines
- VISA Power Limited - India
- Indian Energy Exchange, India
- Meenaskhi Energy Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- TNB Fuel Sdn Bhd - Malaysia
- Merrill Lynch Commodities Europe
- Sindya Power Generating Company Private Ltd
- Bulk Trading Sa - Switzerland
- Thai Mozambique Logistica
- Oldendorff Carriers - Singapore
- Bukit Baiduri Energy - Indonesia
- Latin American Coal - Colombia
- Coalindo Energy - Indonesia
- Ambuja Cements Ltd - India
- Eastern Coal Council - USA
- Vedanta Resources Plc - India
- Semirara Mining Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Attock Cement Pakistan Limited
- Xindia Steels Limited - India
- Meralco Power Generation, Philippines
- Grasim Industreis Ltd - India
- Krishnapatnam Port Company Ltd. - India
- International Coal Ventures Pvt Ltd - India
- Bhatia International Limited - India
- Price Waterhouse Coopers - Russia
- Salva Resources Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Indika Energy - Indonesia
- Interocean Group of Companies - India
- Bukit Makmur.PT - Indonesia
- Central Electricity Authority - India
- Coal and Oil Company - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Link Ltd, New Zealand
- Vizag Seaport Private Limited - India
- India Bulls Power Limited - India
- Maheswari Brothers Coal Limited - India
- Eastern Energy - Thailand
- Goldman Sachs - Singapore
- Mintek Dendrill Indonesia
- New Zealand Coal & Carbon
- Georgia Ports Authority, United States
- PetroVietnam Power Coal Import and Supply Company
- Maharashtra Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Star Paper Mills Limited - India
- PTC India Limited - India
- Romanian Commodities Exchange
- Therma Luzon, Inc, Philippines
- Edison Trading Spa - Italy
- Savvy Resources Ltd - HongKong
- Jaiprakash Power Ventures ltd
- Ministry of Finance - Indonesia
- Heidelberg Cement - Germany
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- Sical Logistics Limited - India
- Ministry of Transport, Egypt
- Baramulti Group, Indonesia
- The University of Queensland
- Commonwealth Bank - Australia
- Dalmia Cement Bharat India
- The State Trading Corporation of India Ltd
- Anglo American - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Minerals Council of Australia
- Global Coal Blending Company Limited - Australia
- Indogreen Group - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Independent Power Producers Association of India
- Leighton Contractors Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMC Global Power, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Ceylon Electricity Board - Sri Lanka
- Trasteel International SA, Italy
- Metalloyd Limited - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Deloitte Consulting - India
- Indo Tambangraya Megah - Indonesia
- Thiess Contractors Indonesia
- GAC Shipping (India) Pvt Ltd
- IHS Mccloskey Coal Group - USA
- Cigading International Bulk Terminal - Indonesia
- Makarim & Taira - Indonesia
- Kobexindo Tractors - Indoneisa
- GMR Energy Limited - India
- The Treasury - Australian Government
- SMG Consultants - Indonesia
- Kumho Petrochemical, South Korea
- Sakthi Sugars Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement - Thailand
- Intertek Mineral Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PowerSource Philippines DevCo
- ASAPP Information Group - India
- Mercuria Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Carbofer General Trading SA - India
- Karaikal Port Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- San Jose City I Power Corp, Philippines
- Samtan Co., Ltd - South Korea
- Bhoruka Overseas - Indonesia
- Indian Oil Corporation Limited
- Energy Development Corp, Philippines
- CNBM International Corporation - China
- Barasentosa Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
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