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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, 04 January 19
FOCUS IS ON BOOSTING COAL PRODUCTION: INDIAN COAL MINISTER
The current focus of the government is on boosting production from operational coal mines, according to Minister for Coal, Piyush Goyal.
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Thursday, 03 January 19
CAPESIZE: A MORE POSITIVE START OF THE NEW YEAR THAN EXPECTED FOR THE BIG SHIPS - FEARNLEYS
Capesize
A more positive start of the new year than expected for the big ships, with average gains of US$ 500/day posted on the first tra ...
Tuesday, 01 January 19
INDONESIA: COAL PRODUCTION EXPECTED TO EXCEED THIS YEAR'S TARGET - JP
Indonesian coal production reached 456 million tons up to Thursday or 94.02 percent of this year’s total target of 485 million tons, accordin ...
Monday, 31 December 18
THE INDONESIAN COAL MARKET Q1 '19 FORECAST: LOOKS DIRECTIONLESS - TRADER
The Indonesian coal market looks directionless, an International coal trader said when we asked him to give his forecast for 1Q' 2019.
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Monday, 31 December 18
GLOBAL COAL DEMAND GREW BY 1% IN 2017; GLOBAL COAL POWER GENERATION INCREASED BY OVER 250 TWH - IEA
After two years of decline, global coal demand grew by 1% in 2017 to 7585 Mt as stronger global economic growth increased both industrial output an ...
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Showing 1506 to 1510 news of total 6871 |
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- Wood Mackenzie - Singapore
- San Jose City I Power Corp, Philippines
- Grasim Industreis Ltd - India
- Chamber of Mines of South Africa
- Bharathi Cement Corporation - India
- Baramulti Group, Indonesia
- South Luzon Thermal Energy Corporation
- Deloitte Consulting - India
- Aditya Birla Group - India
- Petron Corporation, Philippines
- Posco Energy - South Korea
- Renaissance Capital - South Africa
- Altura Mining Limited, Indonesia
- SN Aboitiz Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Globalindo Alam Lestari - Indonesia
- Parry Sugars Refinery, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sree Jayajothi Cements Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Ambuja Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Miang Besar Coal Terminal - Indonesia
- Meralco Power Generation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- IEA Clean Coal Centre - UK
- Tata Chemicals Ltd - India
- Bhushan Steel Limited - India
- Pendopo Energi Batubara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indogreen Group - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Economic Council, Georgia
- Gujarat Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Toyota Tsusho Corporation, Japan
- Anglo American - United Kingdom
- Therma Luzon, Inc, Philippines
- Riau Bara Harum - Indonesia
- Eastern Energy - Thailand
- Power Finance Corporation Ltd., India
- Barasentosa Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Heidelberg Cement - Germany
- Trasteel International SA, Italy
- VISA Power Limited - India
- Goldman Sachs - Singapore
- Vedanta Resources Plc - India
- Semirara Mining Corp, Philippines
- Indonesian Coal Mining Association
- Billiton Holdings Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Bukit Makmur.PT - Indonesia
- Orica Mining Services - Indonesia
- Oldendorff Carriers - Singapore
- Timah Investasi Mineral - Indoneisa
- McConnell Dowell - Australia
- Independent Power Producers Association of India
- LBH Netherlands Bv - Netherlands
- Samtan Co., Ltd - South Korea
- Central Electricity Authority - India
- Simpson Spence & Young - Indonesia
- Borneo Indobara - Indonesia
- Antam Resourcindo - Indonesia
- PTC India Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Ind-Barath Power Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The Treasury - Australian Government
- Bhatia International Limited - India
- Kartika Selabumi Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Merrill Lynch Commodities Europe
- Lanco Infratech Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Dalmia Cement Bharat India
- Holcim Trading Pte Ltd - Singapore
- Videocon Industries ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Edison Trading Spa - Italy
- Wilmar Investment Holdings
- Indian Oil Corporation Limited
- Marubeni Corporation - India
- Xindia Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Latin American Coal - Colombia
- Kaltim Prima Coal - Indonesia
- PowerSource Philippines DevCo
- Attock Cement Pakistan Limited
- Sarangani Energy Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Meenaskhi Energy Private Limited - India
- Siam City Cement PLC, Thailand
- Parliament of New Zealand
- Directorate Of Revenue Intelligence - India
- Cement Manufacturers Association - India
- Romanian Commodities Exchange
- Minerals Council of Australia
- Kohat Cement Company Ltd. - Pakistan
- ASAPP Information Group - India
- Larsen & Toubro Limited - India
- Malabar Cements Ltd - India
- Energy Development Corp, Philippines
- New Zealand Coal & Carbon
- Indian Energy Exchange, India
- Carbofer General Trading SA - India
- Ministry of Transport, Egypt
- Bukit Asam (Persero) Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Banpu Public Company Limited - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Essar Steel Hazira Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Star Paper Mills Limited - India
- White Energy Company Limited
- TeaM Sual Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- GVK Power & Infra Limited - India
- Medco Energi Mining Internasional
- Indika Energy - Indonesia
- Thiess Contractors Indonesia
- Aboitiz Power Corporation - Philippines
- Ministry of Finance - Indonesia
- IHS Mccloskey Coal Group - USA
- Kapuas Tunggal Persada - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Agrawal Coal Company - India
- Chettinad Cement Corporation Ltd - India
- Singapore Mercantile Exchange
- European Bulk Services B.V. - Netherlands
- Australian Coal Association
- Sindya Power Generating Company Private Ltd
- Global Coal Blending Company Limited - Australia
- Manunggal Multi Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Bhoruka Overseas - Indonesia
- Georgia Ports Authority, United States
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Generating Authority of Thailand
- PetroVietnam Power Coal Import and Supply Company
- GMR Energy Limited - India
- Kepco SPC Power Corporation, Philippines
- Coal and Oil Company - UAE
- Intertek Mineral Services - Indonesia
- Orica Australia Pty. Ltd.
- Semirara Mining and Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Madhucon Powers Ltd - India
- Australian Commodity Traders Exchange
- Bukit Baiduri Energy - Indonesia
- Electricity Authority, New Zealand
- Kobexindo Tractors - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Mercator Lines Limited - India
- Cigading International Bulk Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- SMC Global Power, Philippines
- Jindal Steel & Power Ltd - India
- Siam City Cement - Thailand
- Tamil Nadu electricity Board
- GAC Shipping (India) Pvt Ltd
- SMG Consultants - Indonesia
- Gujarat Sidhee Cement - India
- International Coal Ventures Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
- Central Java Power - Indonesia
- Commonwealth Bank - Australia
- Bangladesh Power Developement Board
- GN Power Mariveles Coal Plant, Philippines
- The State Trading Corporation of India Ltd
- Price Waterhouse Coopers - Russia
- CNBM International Corporation - China
- Jaiprakash Power Ventures ltd
- MS Steel International - UAE
- India Bulls Power Limited - India
- Planning Commission, India
- AsiaOL BioFuels Corp., Philippines
- Krishnapatnam Port Company Ltd. - India
- Eastern Coal Council - USA
- The University of Queensland
- Ministry of Mines - Canada
- Sakthi Sugars Limited - India
- Sinarmas Energy and Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- OPG Power Generation Pvt Ltd - India
- Rio Tinto Coal - Australia
- Mercuria Energy - Indonesia
- Sical Logistics Limited - India
- Energy Link Ltd, New Zealand
- Sojitz Corporation - Japan
- Coalindo Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Savvy Resources Ltd - HongKong
- Mjunction Services Limited - India
- Uttam Galva Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Africa Commodities Group - South Africa
- Thai Mozambique Logistica
- Global Business Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Port Waratah Coal Services - Australia
- Vizag Seaport Private Limited - India
- PNOC Exploration Corporation - Philippines
- ICICI Bank Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Mintek Dendrill Indonesia
- Interocean Group of Companies - India
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