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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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Wednesday, 04 March 20
MARKET INSIGHT - INTERMODAL
As it was expected, the whole world has been focusing on the spread of the Coronavirus, with the fast outbreak being primarily a massive humanitari ...
Wednesday, 04 March 20
CORONAVIRUS: A WILDCARD FOR BULKS DEMAND - WOOD MACKENZIE
The coronavirus is casting a shadow across commodity markets. It has undermined China’s economic sentiment, putting the country’s growt ...
Wednesday, 04 March 20
THERMAL COAL TO 'PHASE OUT', STRONG DEMAND FOR COKING COAL: PLATO - SYDNEY MORNING HERALD
Plato Investments managing director Don Hamson says Australian iron ore producers are set to benefit in the fallout from coronavirus as China will ...
Wednesday, 04 March 20
CHINA PROVINCE TO CLOSE 10 MLN TONNES OF COAL CAPACITY IN 2020 - XINHUA
Southwest China’s Guizhou Province plans to phase out 10 million tonnes of outdated coal production capacity by closing 80 coal mines in 2020 ...
Wednesday, 04 March 20
UKRAINE PRODUCED OVER 2.55 MLN TONNES OF COAL IN FEBRUARY - UKRINFORM
In February 2020, Ukraine produced over 2.55 million tonnes of coal, which is 0.2% less than planned.
The Coal Miners Union of Ukrai ...
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Showing 1096 to 1100 news of total 6871 |
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- Borneo Indobara - Indonesia
- Indogreen Group - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Renaissance Capital - South Africa
- Oldendorff Carriers - Singapore
- CNBM International Corporation - China
- Kartika Selabumi Mining - Indonesia
- Larsen & Toubro Limited - India
- Independent Power Producers Association of India
- Kalimantan Lumbung Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Parry Sugars Refinery, India
- Kaltim Prima Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Electricity Authority, New Zealand
- Alfred C Toepfer International GmbH - Germany
- PetroVietnam Power Coal Import and Supply Company
- Leighton Contractors Pty Ltd - Australia
- Billiton Holdings Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Deloitte Consulting - India
- India Bulls Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Trasteel International SA, Italy
- ASAPP Information Group - India
- Grasim Industreis Ltd - India
- Indian Energy Exchange, India
- Kapuas Tunggal Persada - Indonesia
- Lanco Infratech Ltd - India
- Energy Link Ltd, New Zealand
- Australian Commodity Traders Exchange
- Price Waterhouse Coopers - Russia
- Banpu Public Company Limited - Thailand
- Iligan Light & Power Inc, Philippines
- Latin American Coal - Colombia
- Georgia Ports Authority, United States
- Barasentosa Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Anglo American - United Kingdom
- Mjunction Services Limited - India
- Medco Energi Mining Internasional
- Interocean Group of Companies - India
- Kumho Petrochemical, South Korea
- Ministry of Finance - Indonesia
- Coal and Oil Company - UAE
- Energy Development Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Electricity Generating Authority of Thailand
- Siam City Cement - Thailand
- Minerals Council of Australia
- Eastern Energy - Thailand
- Global Green Power PLC Corporation, Philippines
- Meralco Power Generation, Philippines
- The University of Queensland
- AsiaOL BioFuels Corp., Philippines
- Orica Australia Pty. Ltd.
- Makarim & Taira - Indonesia
- Bharathi Cement Corporation - India
- South Luzon Thermal Energy Corporation
- Singapore Mercantile Exchange
- Asmin Koalindo Tuhup - Indonesia
- Merrill Lynch Commodities Europe
- SMC Global Power, Philippines
- Sree Jayajothi Cements Limited - India
- Pendopo Energi Batubara - Indonesia
- Altura Mining Limited, Indonesia
- Videocon Industries ltd - India
- Global Business Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Aboitiz Power Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Central Electricity Authority - India
- Global Coal Blending Company Limited - Australia
- Indonesian Coal Mining Association
- Sinarmas Energy and Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Thiess Contractors Indonesia
- Economic Council, Georgia
- Essar Steel Hazira Ltd - India
- San Jose City I Power Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Africa Commodities Group - South Africa
- Tamil Nadu electricity Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thai Mozambique Logistica
- Cigading International Bulk Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Attock Cement Pakistan Limited
- Bayan Resources Tbk. - Indonesia
- Bukit Makmur.PT - Indonesia
- Goldman Sachs - Singapore
- Timah Investasi Mineral - Indoneisa
- Metalloyd Limited - United Kingdom
- Sarangani Energy Corporation, Philippines
- Planning Commission, India
- Ministry of Transport, Egypt
- PowerSource Philippines DevCo
- Offshore Bulk Terminal Pte Ltd, Singapore
- Simpson Spence & Young - Indonesia
- Sojitz Corporation - Japan
- Karaikal Port Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Rio Tinto Coal - Australia
- Petrochimia International Co. Ltd.- Taiwan
- The Treasury - Australian Government
- The State Trading Corporation of India Ltd
- Sakthi Sugars Limited - India
- New Zealand Coal & Carbon
- Bhoruka Overseas - Indonesia
- Marubeni Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Mercator Lines Limited - India
- Gujarat Sidhee Cement - India
- Bahari Cakrawala Sebuku - Indonesia
- Intertek Mineral Services - Indonesia
- Savvy Resources Ltd - HongKong
- White Energy Company Limited
- Star Paper Mills Limited - India
- Orica Mining Services - Indonesia
- Agrawal Coal Company - India
- Malabar Cements Ltd - India
- GMR Energy Limited - India
- Australian Coal Association
- Kobexindo Tractors - Indoneisa
- GVK Power & Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Samtan Co., Ltd - South Korea
- Meenaskhi Energy Private Limited - India
- Coastal Gujarat Power Limited - India
- Central Java Power - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Petron Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- TeaM Sual Corporation - Philippines
- ICICI Bank Limited - India
- Directorate Of Revenue Intelligence - India
- Bulk Trading Sa - Switzerland
- Vijayanagar Sugar Pvt Ltd - India
- Dalmia Cement Bharat India
- Romanian Commodities Exchange
- Cement Manufacturers Association - India
- Madhucon Powers Ltd - India
- Salva Resources Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Jaiprakash Power Ventures ltd
- Toyota Tsusho Corporation, Japan
- Sindya Power Generating Company Private Ltd
- Riau Bara Harum - Indonesia
- Formosa Plastics Group - Taiwan
- Parliament of New Zealand
- Holcim Trading Pte Ltd - Singapore
- McConnell Dowell - Australia
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement PLC, Thailand
- Manunggal Multi Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ind-Barath Power Infra Limited - India
- SMG Consultants - Indonesia
- Coalindo Energy - Indonesia
- Aditya Birla Group - India
- Ambuja Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Eastern Coal Council - USA
- Gujarat Electricity Regulatory Commission - India
- PTC India Limited - India
- Bukit Baiduri Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Xindia Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- International Coal Ventures Pvt Ltd - India
- Baramulti Group, Indonesia
- MS Steel International - UAE
- Sical Logistics Limited - India
- Straits Asia Resources Limited - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Wilmar Investment Holdings
- Ministry of Mines - Canada
- Indian Oil Corporation Limited
- LBH Netherlands Bv - Netherlands
- Vedanta Resources Plc - India
- Tata Chemicals Ltd - India
- Commonwealth Bank - Australia
- Vizag Seaport Private Limited - India
- Bhatia International Limited - India
- Edison Trading Spa - Italy
- Kideco Jaya Agung - Indonesia
- London Commodity Brokers - England
- Semirara Mining Corp, Philippines
- Bangladesh Power Developement Board
- OPG Power Generation Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Mintek Dendrill Indonesia
- Indika Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bhushan Steel Limited - India
- Posco Energy - South Korea
- Binh Thuan Hamico - Vietnam
- Wood Mackenzie - Singapore
- Maheswari Brothers Coal Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Carbofer General Trading SA - India
- TNB Fuel Sdn Bhd - Malaysia
- Chamber of Mines of South Africa
- GAC Shipping (India) Pvt Ltd
- VISA Power Limited - India
- Mercuria Energy - Indonesia
- Heidelberg Cement - Germany
- Standard Chartered Bank - UAE
- Indo Tambangraya Megah - Indonesia
- Uttam Galva Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
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