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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, 07 April 20
IS CHINA EMBARKING ON A MAJOR EXPANSION OF COAL-FIRED POWER GENERATION? - WOOD MACKENZIE
As energy companies worldwide grapple with the economic impact of the coronavirus pandemic, long-term planning continues. Ahead of the release of t ...
Tuesday, 07 April 20
COAL INDIA'S DISPATCHES DROP, OUTPUT INCREASES - THE HINDU
India’s largest coal producer Coal India Ltd. (CIL) has seen a 10% fall in dispatches in March 2020 due to a sharp fall in demand from the po ...
Tuesday, 07 April 20
CORONAVIRUS AND LOCKDOWNS DRAG DOWN THE INDONESIAN COAL PRICE REFERENCE IN APRIL
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down the benchmark price of the Indonesian ther ...
Monday, 06 April 20
A 52,000DWT SHIP FIXING DELIVERY SINGAPORE TRIP, VIA INDONESIA, REDELIVERY TAIWAN, AT $3,100 - BALTIC BRIEFING
Capesize
The Capesize market this past week looks to have come off life support and found some improved sentiment. The week began rather ordina ...
Monday, 06 April 20
INDIA'S 21-DAY LOCKDOWN - IMPACT ON COMMODITIES? - WOOD MACKENZIE
India is under a three-week lockdown from 25 March, to contain the spread of the coronavirus outbreak. Wood Mackenzie analysts discuss what this me ...
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Showing 1026 to 1030 news of total 6871 |
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- ASAPP Information Group - India
- Essar Steel Hazira Ltd - India
- Coal and Oil Company - UAE
- Chettinad Cement Corporation Ltd - India
- Mercator Lines Limited - India
- Binh Thuan Hamico - Vietnam
- Singapore Mercantile Exchange
- McConnell Dowell - Australia
- Orica Australia Pty. Ltd.
- Bahari Cakrawala Sebuku - Indonesia
- Medco Energi Mining Internasional
- Trasteel International SA, Italy
- Manunggal Multi Energi - Indonesia
- Attock Cement Pakistan Limited
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement PLC, Thailand
- South Luzon Thermal Energy Corporation
- Therma Luzon, Inc, Philippines
- Larsen & Toubro Limited - India
- Marubeni Corporation - India
- Kapuas Tunggal Persada - Indonesia
- The State Trading Corporation of India Ltd
- Sojitz Corporation - Japan
- Chamber of Mines of South Africa
- The University of Queensland
- Central Java Power - Indonesia
- Africa Commodities Group - South Africa
- PNOC Exploration Corporation - Philippines
- Tata Chemicals Ltd - India
- Siam City Cement - Thailand
- Agrawal Coal Company - India
- Ministry of Transport, Egypt
- Interocean Group of Companies - India
- Malabar Cements Ltd - India
- Bhushan Steel Limited - India
- Port Waratah Coal Services - Australia
- Kobexindo Tractors - Indoneisa
- CNBM International Corporation - China
- CIMB Investment Bank - Malaysia
- Miang Besar Coal Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Uttam Galva Steels Limited - India
- Wilmar Investment Holdings
- Global Coal Blending Company Limited - Australia
- GN Power Mariveles Coal Plant, Philippines
- India Bulls Power Limited - India
- PowerSource Philippines DevCo
- Rio Tinto Coal - Australia
- Orica Mining Services - Indonesia
- White Energy Company Limited
- Indika Energy - Indonesia
- Grasim Industreis Ltd - India
- MS Steel International - UAE
- Jindal Steel & Power Ltd - India
- GMR Energy Limited - India
- Ministry of Mines - Canada
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Commodity Traders Exchange
- Eastern Energy - Thailand
- GAC Shipping (India) Pvt Ltd
- Heidelberg Cement - Germany
- Sical Logistics Limited - India
- Ambuja Cements Ltd - India
- The Treasury - Australian Government
- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
- Sree Jayajothi Cements Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Edison Trading Spa - Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Minerals Council of Australia
- Bayan Resources Tbk. - Indonesia
- LBH Netherlands Bv - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Makarim & Taira - Indonesia
- Commonwealth Bank - Australia
- Savvy Resources Ltd - HongKong
- International Coal Ventures Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Bangladesh Power Developement Board
- Semirara Mining Corp, Philippines
- Parry Sugars Refinery, India
- Merrill Lynch Commodities Europe
- Barasentosa Lestari - Indonesia
- Lanco Infratech Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Electricity Generating Authority of Thailand
- Karaikal Port Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Anglo American - United Kingdom
- Videocon Industries ltd - India
- Independent Power Producers Association of India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Price Waterhouse Coopers - Russia
- Gujarat Sidhee Cement - India
- Salva Resources Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Mintek Dendrill Indonesia
- Intertek Mineral Services - Indonesia
- Bhoruka Overseas - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- GVK Power & Infra Limited - India
- SMC Global Power, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Electricity Authority - India
- Kohat Cement Company Ltd. - Pakistan
- Coastal Gujarat Power Limited - India
- Star Paper Mills Limited - India
- Timah Investasi Mineral - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Aditya Birla Group - India
- Samtan Co., Ltd - South Korea
- Mjunction Services Limited - India
- Latin American Coal - Colombia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Krishnapatnam Port Company Ltd. - India
- Wood Mackenzie - Singapore
- Semirara Mining and Power Corporation, Philippines
- PTC India Limited - India
- AsiaOL BioFuels Corp., Philippines
- Antam Resourcindo - Indonesia
- Jaiprakash Power Ventures ltd
- Standard Chartered Bank - UAE
- Electricity Authority, New Zealand
- OPG Power Generation Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Karbindo Abesyapradhi - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Meenaskhi Energy Private Limited - India
- Petron Corporation, Philippines
- Borneo Indobara - Indonesia
- Directorate Of Revenue Intelligence - India
- Oldendorff Carriers - Singapore
- Power Finance Corporation Ltd., India
- Sinarmas Energy and Mining - Indonesia
- Altura Mining Limited, Indonesia
- Indogreen Group - Indonesia
- Tamil Nadu electricity Board
- Planning Commission, India
- Holcim Trading Pte Ltd - Singapore
- Energy Link Ltd, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Bharathi Cement Corporation - India
- Madhucon Powers Ltd - India
- Global Business Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Aboitiz Power Corporation - Philippines
- Bhatia International Limited - India
- Energy Development Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Kumho Petrochemical, South Korea
- Thai Mozambique Logistica
- Asmin Koalindo Tuhup - Indonesia
- New Zealand Coal & Carbon
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Economic Council, Georgia
- Kaltim Prima Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Australian Coal Association
- Riau Bara Harum - Indonesia
- Vizag Seaport Private Limited - India
- Indian Energy Exchange, India
- Thiess Contractors Indonesia
- Bukit Makmur.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Goldman Sachs - Singapore
- Romanian Commodities Exchange
- Ind-Barath Power Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Iligan Light & Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- ICICI Bank Limited - India
- Xindia Steels Limited - India
- Coalindo Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Indonesian Coal Mining Association
- Neyveli Lignite Corporation Ltd, - India
- Deloitte Consulting - India
- Kideco Jaya Agung - Indonesia
- Baramulti Group, Indonesia
- Renaissance Capital - South Africa
- Maheswari Brothers Coal Limited - India
- Meralco Power Generation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Georgia Ports Authority, United States
- Posco Energy - South Korea
- Mercuria Energy - Indonesia
- London Commodity Brokers - England
- Sarangani Energy Corporation, Philippines
- IEA Clean Coal Centre - UK
- Formosa Plastics Group - Taiwan
- Cement Manufacturers Association - India
- IHS Mccloskey Coal Group - USA
- Sindya Power Generating Company Private Ltd
- TeaM Sual Corporation - Philippines
- Sakthi Sugars Limited - India
- Simpson Spence & Young - Indonesia
- Parliament of New Zealand
- Global Green Power PLC Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- VISA Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Eastern Coal Council - USA
- Vedanta Resources Plc - India
- SMG Consultants - Indonesia
- Carbofer General Trading SA - India
- Pendopo Energi Batubara - Indonesia
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