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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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Friday, 03 April 20
CHINA'S BENCHMARK POWER COAL PRICE DROPS SLIGHTLY - XINHUA
China’s benchmark power coal price dropped slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge ...
Wednesday, 01 April 20
TRADERS SCRAMBLE TO SELL CHEAP CRUDE CARGOES AS GLUT GROWS - REUTERS
Oil traders across the globe are offering cargoes far in advance as rapidly vanishing demand drives key physical crude prices to multi-decade lows, ...
Wednesday, 01 April 20
MARKET INSIGHT - INTERMODAL
There is an old, allegedly Chinese, saying suggesting that living in “interesting” times usually refers to times of trouble. The latest ...
Tuesday, 31 March 20
FREIGHT MARKET: DRY BULKERS - SPOT MARKET 23-29 MARCH 2020
Capesize
The rebound in freight rates resumed this past week, with rates man-aging to post further gains by week’s end. The BCI is in negat ...
Tuesday, 31 March 20
DRY BULK: Q1 HAS BEEN THE WORST QUARTER NOTED FOR MORE THAN 3 YEARS NOW - ALLIED RESEARCH
At this point, the Covid-19 pandemic seems to be monopolizing all market (as well as all other) discussions across the world and any market insight ...
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Showing 1031 to 1035 news of total 6871 |
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- Manunggal Multi Energi - Indonesia
- Larsen & Toubro Limited - India
- Kumho Petrochemical, South Korea
- Sinarmas Energy and Mining - Indonesia
- TeaM Sual Corporation - Philippines
- London Commodity Brokers - England
- Aditya Birla Group - India
- Sarangani Energy Corporation, Philippines
- Thai Mozambique Logistica
- Bulk Trading Sa - Switzerland
- Bayan Resources Tbk. - Indonesia
- India Bulls Power Limited - India
- Electricity Authority, New Zealand
- The University of Queensland
- Parry Sugars Refinery, India
- Petron Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Georgia Ports Authority, United States
- Kohat Cement Company Ltd. - Pakistan
- European Bulk Services B.V. - Netherlands
- Attock Cement Pakistan Limited
- Gujarat Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Kalimantan Lumbung Energi - Indonesia
- Central Electricity Authority - India
- Semirara Mining and Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Neyveli Lignite Corporation Ltd, - India
- VISA Power Limited - India
- Videocon Industries ltd - India
- Australian Coal Association
- Holcim Trading Pte Ltd - Singapore
- Wood Mackenzie - Singapore
- Port Waratah Coal Services - Australia
- Binh Thuan Hamico - Vietnam
- Renaissance Capital - South Africa
- Ceylon Electricity Board - Sri Lanka
- Minerals Council of Australia
- Kapuas Tunggal Persada - Indonesia
- Grasim Industreis Ltd - India
- OPG Power Generation Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Malabar Cements Ltd - India
- Antam Resourcindo - Indonesia
- San Jose City I Power Corp, Philippines
- IEA Clean Coal Centre - UK
- Semirara Mining Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Medco Energi Mining Internasional
- Agrawal Coal Company - India
- Independent Power Producers Association of India
- Interocean Group of Companies - India
- Edison Trading Spa - Italy
- Vizag Seaport Private Limited - India
- Coal and Oil Company - UAE
- Essar Steel Hazira Ltd - India
- Sakthi Sugars Limited - India
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- Global Coal Blending Company Limited - Australia
- Latin American Coal - Colombia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Gujarat Sidhee Cement - India
- Jindal Steel & Power Ltd - India
- Salva Resources Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Savvy Resources Ltd - HongKong
- Indian Oil Corporation Limited
- Jorong Barutama Greston.PT - Indonesia
- Madhucon Powers Ltd - India
- Coalindo Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- ASAPP Information Group - India
- Indonesian Coal Mining Association
- International Coal Ventures Pvt Ltd - India
- Parliament of New Zealand
- Bhatia International Limited - India
- Borneo Indobara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ambuja Cements Ltd - India
- Oldendorff Carriers - Singapore
- Kepco SPC Power Corporation, Philippines
- Siam City Cement - Thailand
- Central Java Power - Indonesia
- Toyota Tsusho Corporation, Japan
- Samtan Co., Ltd - South Korea
- Billiton Holdings Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Ministry of Transport, Egypt
- Singapore Mercantile Exchange
- Standard Chartered Bank - UAE
- Mjunction Services Limited - India
- Indian Energy Exchange, India
- The Treasury - Australian Government
- Price Waterhouse Coopers - Russia
- Chettinad Cement Corporation Ltd - India
- Indogreen Group - Indonesia
- Directorate Of Revenue Intelligence - India
- PNOC Exploration Corporation - Philippines
- ICICI Bank Limited - India
- Tata Chemicals Ltd - India
- Kideco Jaya Agung - Indonesia
- Coastal Gujarat Power Limited - India
- Siam City Cement PLC, Thailand
- Miang Besar Coal Terminal - Indonesia
- Romanian Commodities Exchange
- Eastern Coal Council - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- McConnell Dowell - Australia
- Heidelberg Cement - Germany
- Timah Investasi Mineral - Indoneisa
- Indika Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Vedanta Resources Plc - India
- Bangladesh Power Developement Board
- Ind-Barath Power Infra Limited - India
- Makarim & Taira - Indonesia
- Trasteel International SA, Italy
- Maharashtra Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Gujarat Mineral Development Corp Ltd - India
- CNBM International Corporation - China
- Straits Asia Resources Limited - Singapore
- Kartika Selabumi Mining - Indonesia
- Barasentosa Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Australian Commodity Traders Exchange
- Chamber of Mines of South Africa
- Bukit Makmur.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Therma Luzon, Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Meralco Power Generation, Philippines
- MS Steel International - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Energy Development Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercuria Energy - Indonesia
- PTC India Limited - India
- Mercator Lines Limited - India
- Global Business Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Anglo American - United Kingdom
- Karaikal Port Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Energy Link Ltd, New Zealand
- PowerSource Philippines DevCo
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pendopo Energi Batubara - Indonesia
- Altura Mining Limited, Indonesia
- South Luzon Thermal Energy Corporation
- Globalindo Alam Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Simpson Spence & Young - Indonesia
- Global Green Power PLC Corporation, Philippines
- Goldman Sachs - Singapore
- White Energy Company Limited
- Bahari Cakrawala Sebuku - Indonesia
- CIMB Investment Bank - Malaysia
- Star Paper Mills Limited - India
- Bhushan Steel Limited - India
- Sojitz Corporation - Japan
- Deloitte Consulting - India
- Orica Mining Services - Indonesia
- Ministry of Finance - Indonesia
- Orica Australia Pty. Ltd.
- Posco Energy - South Korea
- Uttam Galva Steels Limited - India
- SMG Consultants - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Maheswari Brothers Coal Limited - India
- Lanco Infratech Ltd - India
- IHS Mccloskey Coal Group - USA
- Wilmar Investment Holdings
- Power Finance Corporation Ltd., India
- PetroVietnam Power Coal Import and Supply Company
- Formosa Plastics Group - Taiwan
- Iligan Light & Power Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- GVK Power & Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Metalloyd Limited - United Kingdom
- Cement Manufacturers Association - India
- Rio Tinto Coal - Australia
- Thiess Contractors Indonesia
- Xindia Steels Limited - India
- Commonwealth Bank - Australia
- Bharathi Cement Corporation - India
- Economic Council, Georgia
- Marubeni Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- New Zealand Coal & Carbon
- Eastern Energy - Thailand
- Aboitiz Power Corporation - Philippines
- GMR Energy Limited - India
- Planning Commission, India
- Ministry of Mines - Canada
- Bhoruka Overseas - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Sical Logistics Limited - India
- Rashtriya Ispat Nigam Limited - India
- Banpu Public Company Limited - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Mintek Dendrill Indonesia
- Carbofer General Trading SA - India
- The State Trading Corporation of India Ltd
- Jaiprakash Power Ventures ltd
- Tamil Nadu electricity Board
- Petrochimia International Co. Ltd.- Taiwan
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