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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, 13 November 19
INDONESIAN NOVEMBER COAL PRICE REFERENCE LOGS FIRST GAIN SINCE AUGUST
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised up the benchmark price of Indonesian thermal co ...
Wednesday, 13 November 19
SHIPPING MARKET INSIGHT - INTERMODAL
The improvements seen in the dry bulk market during the unexpectedly strong Q3 brought enthusiasm and optimism for a last quarter rally. Indeed as ...
Tuesday, 12 November 19
COAL IMPORTS AT MAJOR PORTS SLIP 18 PC TO 51 MT IN APRIL-OCTOBER - ECONOMIC TIMES
The Indian Ports Association (IPA), which maintains cargo data handled by these 12 ports, in its recent report, said "percentage variation fro ...
Monday, 11 November 19
EMINENT MARITIME ORGANIZATIONS AND INDIVIDUALS WERE HONORED
SHIPTEK 2019 Anchors in Greece for its 12th edition.
Eminent Maritime Organizations and Individuals were honored
Greec ...
Wednesday, 06 November 19
SHIPPING MARKET INSIGHT - INTERMODAL
With less than two months before the end of the year, the shipping and refining industries have already taken measures and invested to accommodate ...
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- Krishnapatnam Port Company Ltd. - India
- Latin American Coal - Colombia
- Indian Oil Corporation Limited
- Manunggal Multi Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Indonesian Coal Mining Association
- Electricity Authority, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Indian Energy Exchange, India
- Energy Development Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Aditya Birla Group - India
- Gujarat Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Malabar Cements Ltd - India
- Star Paper Mills Limited - India
- Globalindo Alam Lestari - Indonesia
- India Bulls Power Limited - India
- New Zealand Coal & Carbon
- Planning Commission, India
- Karaikal Port Pvt Ltd - India
- Sakthi Sugars Limited - India
- Renaissance Capital - South Africa
- Interocean Group of Companies - India
- SN Aboitiz Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- VISA Power Limited - India
- Coalindo Energy - Indonesia
- Commonwealth Bank - Australia
- Iligan Light & Power Inc, Philippines
- ICICI Bank Limited - India
- Ind-Barath Power Infra Limited - India
- Tamil Nadu electricity Board
- Eastern Energy - Thailand
- The Treasury - Australian Government
- TNB Fuel Sdn Bhd - Malaysia
- Mercator Lines Limited - India
- Port Waratah Coal Services - Australia
- Toyota Tsusho Corporation, Japan
- GMR Energy Limited - India
- Singapore Mercantile Exchange
- Kobexindo Tractors - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- MS Steel International - UAE
- Merrill Lynch Commodities Europe
- Pendopo Energi Batubara - Indonesia
- The State Trading Corporation of India Ltd
- Larsen & Toubro Limited - India
- Altura Mining Limited, Indonesia
- SMG Consultants - Indonesia
- IHS Mccloskey Coal Group - USA
- Riau Bara Harum - Indonesia
- Standard Chartered Bank - UAE
- Miang Besar Coal Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- IEA Clean Coal Centre - UK
- Bharathi Cement Corporation - India
- Mintek Dendrill Indonesia
- Carbofer General Trading SA - India
- London Commodity Brokers - England
- Parliament of New Zealand
- Price Waterhouse Coopers - Russia
- Cement Manufacturers Association - India
- Essar Steel Hazira Ltd - India
- Jindal Steel & Power Ltd - India
- Uttam Galva Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Antam Resourcindo - Indonesia
- Thai Mozambique Logistica
- Bangladesh Power Developement Board
- Maharashtra Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Attock Cement Pakistan Limited
- Banpu Public Company Limited - Thailand
- Sojitz Corporation - Japan
- Bayan Resources Tbk. - Indonesia
- The University of Queensland
- Anglo American - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Dalmia Cement Bharat India
- Kideco Jaya Agung - Indonesia
- Savvy Resources Ltd - HongKong
- GN Power Mariveles Coal Plant, Philippines
- Bulk Trading Sa - Switzerland
- Georgia Ports Authority, United States
- Formosa Plastics Group - Taiwan
- Posco Energy - South Korea
- White Energy Company Limited
- Sree Jayajothi Cements Limited - India
- Lanco Infratech Ltd - India
- Madhucon Powers Ltd - India
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- Sinarmas Energy and Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- European Bulk Services B.V. - Netherlands
- PNOC Exploration Corporation - Philippines
- Semirara Mining Corp, Philippines
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Metalloyd Limited - United Kingdom
- Bhoruka Overseas - Indonesia
- Central Java Power - Indonesia
- Vedanta Resources Plc - India
- GVK Power & Infra Limited - India
- Independent Power Producers Association of India
- Chamber of Mines of South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ceylon Electricity Board - Sri Lanka
- Wilmar Investment Holdings
- Therma Luzon, Inc, Philippines
- Indogreen Group - Indonesia
- Sarangani Energy Corporation, Philippines
- Romanian Commodities Exchange
- LBH Netherlands Bv - Netherlands
- McConnell Dowell - Australia
- CIMB Investment Bank - Malaysia
- Wood Mackenzie - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Medco Energi Mining Internasional
- Economic Council, Georgia
- Bukit Baiduri Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bhatia International Limited - India
- Global Green Power PLC Corporation, Philippines
- Australian Coal Association
- Siam City Cement - Thailand
- Directorate Of Revenue Intelligence - India
- Holcim Trading Pte Ltd - Singapore
- Coastal Gujarat Power Limited - India
- Thiess Contractors Indonesia
- Barasentosa Lestari - Indonesia
- Eastern Coal Council - USA
- Sindya Power Generating Company Private Ltd
- Kartika Selabumi Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Ambuja Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Agrawal Coal Company - India
- Minerals Council of Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kalimantan Lumbung Energi - Indonesia
- Indika Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Ministry of Mines - Canada
- Vizag Seaport Private Limited - India
- Aboitiz Power Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Australian Commodity Traders Exchange
- Global Business Power Corporation, Philippines
- Edison Trading Spa - Italy
- Coal and Oil Company - UAE
- Alfred C Toepfer International GmbH - Germany
- Orica Australia Pty. Ltd.
- Kumho Petrochemical, South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Sical Logistics Limited - India
- Goldman Sachs - Singapore
- TeaM Sual Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Karbindo Abesyapradhi - Indoneisa
- Oldendorff Carriers - Singapore
- Gujarat Sidhee Cement - India
- Bukit Makmur.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Baramulti Group, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Finance - Indonesia
- Kaltim Prima Coal - Indonesia
- Bhushan Steel Limited - India
- Binh Thuan Hamico - Vietnam
- OPG Power Generation Pvt Ltd - India
- Rio Tinto Coal - Australia
- Borneo Indobara - Indonesia
- Orica Mining Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Samtan Co., Ltd - South Korea
- Maheswari Brothers Coal Limited - India
- Indo Tambangraya Megah - Indonesia
- Ministry of Transport, Egypt
- Trasteel International SA, Italy
- Energy Link Ltd, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Petron Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Marubeni Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- CNBM International Corporation - China
- Siam City Cement PLC, Thailand
- PTC India Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Makarim & Taira - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMC Global Power, Philippines
- Mercuria Energy - Indonesia
- Electricity Generating Authority of Thailand
- Central Electricity Authority - India
- Intertek Mineral Services - Indonesia
- Videocon Industries ltd - India
- Mjunction Services Limited - India
- ASAPP Information Group - India
- Deloitte Consulting - India
- Petrochimia International Co. Ltd.- Taiwan
- Salva Resources Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PowerSource Philippines DevCo
- Parry Sugars Refinery, India
- Grasim Industreis Ltd - India
- Africa Commodities Group - South Africa
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