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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, 19 December 18
GLOBAL COAL DEMAND SET TO REMAIN STABLE THROUGH 2023, DESPITE HEADWINDS - IEA
While global coal demand looks set to rise for the second year in a row in 2018, it is forecast to remain stable over the next five years, as decli ...
Wednesday, 19 December 18
GLOBAL SHIPPING SCOUTS FOR FUTURE GROWTH - PETER SAND, BIMCO
Where do we go to find economic growth that spurs shipping demand in the next five years? According to the International Monetary Fund (IMF), we sh ...
Wednesday, 19 December 18
SHIPPING MARKET INSIGHT - INTERMODAL
As another year is coming to an end, it is interesting to look at the main shipping markets and how these performed compared to 2017.
&nb ...
Tuesday, 18 December 18
COAL DEMAND WILL REMAIN STEADY THROUGH 2023, INTERNATIONAL ENERGY AGENCY SAYS - TOM DICHRISTOPHER, CNBC
Coal consumption is on the rise but will remain roughly stable over the next five years, the International Energy Agency forecasts.
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Tuesday, 18 December 18
DRY BULK: IN ABSOLUTE TERMS, ALL MAIN SIZE SEGMENTS SAW THEIR ACTUAL VOLATILITY FIGURES DECREASE - ALLIED
Since the beginning of 2016, when the dry bulk market reached its absolute bottom, freight rates have been ever since on an upward trajectory. Taki ...
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Showing 1521 to 1525 news of total 6871 |
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Link Ltd, New Zealand
- GAC Shipping (India) Pvt Ltd
- Planning Commission, India
- Toyota Tsusho Corporation, Japan
- Jindal Steel & Power Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indika Energy - Indonesia
- Larsen & Toubro Limited - India
- Agrawal Coal Company - India
- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
- Bhushan Steel Limited - India
- Globalindo Alam Lestari - Indonesia
- Bangladesh Power Developement Board
- Directorate Of Revenue Intelligence - India
- The Treasury - Australian Government
- CIMB Investment Bank - Malaysia
- Coalindo Energy - Indonesia
- Renaissance Capital - South Africa
- Australian Commodity Traders Exchange
- Iligan Light & Power Inc, Philippines
- VISA Power Limited - India
- Anglo American - United Kingdom
- Formosa Plastics Group - Taiwan
- Rashtriya Ispat Nigam Limited - India
- Eastern Coal Council - USA
- Indonesian Coal Mining Association
- Lanco Infratech Ltd - India
- New Zealand Coal & Carbon
- AsiaOL BioFuels Corp., Philippines
- Global Green Power PLC Corporation, Philippines
- Parry Sugars Refinery, India
- Directorate General of MIneral and Coal - Indonesia
- Trasteel International SA, Italy
- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
- Wilmar Investment Holdings
- GVK Power & Infra Limited - India
- Carbofer General Trading SA - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GN Power Mariveles Coal Plant, Philippines
- Cigading International Bulk Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Sical Logistics Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Samtan Co., Ltd - South Korea
- Deloitte Consulting - India
- Vedanta Resources Plc - India
- Central Java Power - Indonesia
- Kepco SPC Power Corporation, Philippines
- Parliament of New Zealand
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- Sojitz Corporation - Japan
- Merrill Lynch Commodities Europe
- Independent Power Producers Association of India
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Simpson Spence & Young - Indonesia
- Indo Tambangraya Megah - Indonesia
- India Bulls Power Limited - India
- Oldendorff Carriers - Singapore
- Cement Manufacturers Association - India
- Kaltim Prima Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Coastal Gujarat Power Limited - India
- Bharathi Cement Corporation - India
- TeaM Sual Corporation - Philippines
- CNBM International Corporation - China
- Videocon Industries ltd - India
- IHS Mccloskey Coal Group - USA
- Kumho Petrochemical, South Korea
- Binh Thuan Hamico - Vietnam
- Pendopo Energi Batubara - Indonesia
- Singapore Mercantile Exchange
- Malabar Cements Ltd - India
- Central Electricity Authority - India
- Intertek Mineral Services - Indonesia
- Star Paper Mills Limited - India
- The University of Queensland
- Bhoruka Overseas - Indonesia
- Electricity Generating Authority of Thailand
- Holcim Trading Pte Ltd - Singapore
- Petron Corporation, Philippines
- Australian Coal Association
- Indian Oil Corporation Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- IEA Clean Coal Centre - UK
- Karaikal Port Pvt Ltd - India
- Posco Energy - South Korea
- Ceylon Electricity Board - Sri Lanka
- Leighton Contractors Pty Ltd - Australia
- Mercuria Energy - Indonesia
- Chamber of Mines of South Africa
- PowerSource Philippines DevCo
- Ind-Barath Power Infra Limited - India
- Borneo Indobara - Indonesia
- SN Aboitiz Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Latin American Coal - Colombia
- Kohat Cement Company Ltd. - Pakistan
- Meralco Power Generation, Philippines
- Billiton Holdings Pty Ltd - Australia
- ICICI Bank Limited - India
- Interocean Group of Companies - India
- Therma Luzon, Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Straits Asia Resources Limited - Singapore
- Krishnapatnam Port Company Ltd. - India
- Tata Chemicals Ltd - India
- Port Waratah Coal Services - Australia
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- Rio Tinto Coal - Australia
- Vizag Seaport Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Orica Mining Services - Indonesia
- Attock Cement Pakistan Limited
- Electricity Authority, New Zealand
- Jaiprakash Power Ventures ltd
- Edison Trading Spa - Italy
- Dalmia Cement Bharat India
- Essar Steel Hazira Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- MS Steel International - UAE
- Orica Australia Pty. Ltd.
- Siam City Cement PLC, Thailand
- Uttam Galva Steels Limited - India
- Eastern Energy - Thailand
- Mintek Dendrill Indonesia
- Sakthi Sugars Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Madhucon Powers Ltd - India
- PTC India Limited - India
- Xindia Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Baramulti Group, Indonesia
- Price Waterhouse Coopers - Russia
- Global Business Power Corporation, Philippines
- Indian Energy Exchange, India
- Vijayanagar Sugar Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Medco Energi Mining Internasional
- Bhatia International Limited - India
- PNOC Exploration Corporation - Philippines
- Mercator Lines Limited - India
- McConnell Dowell - Australia
- Gujarat Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Grasim Industreis Ltd - India
- Semirara Mining Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Heidelberg Cement - Germany
- Sarangani Energy Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Barasentosa Lestari - Indonesia
- Georgia Ports Authority, United States
- Meenaskhi Energy Private Limited - India
- ASAPP Information Group - India
- Sinarmas Energy and Mining - Indonesia
- Gujarat Sidhee Cement - India
- Sindya Power Generating Company Private Ltd
- The State Trading Corporation of India Ltd
- GMR Energy Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Economic Council, Georgia
- Energy Development Corp, Philippines
- Tamil Nadu electricity Board
- SMG Consultants - Indonesia
- Sree Jayajothi Cements Limited - India
- Standard Chartered Bank - UAE
- San Jose City I Power Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Bayan Resources Tbk. - Indonesia
- Altura Mining Limited, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ambuja Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Minerals Council of Australia
- Ministry of Finance - Indonesia
- Indogreen Group - Indonesia
- Antam Resourcindo - Indonesia
- Romanian Commodities Exchange
- Savvy Resources Ltd - HongKong
- Global Coal Blending Company Limited - Australia
- International Coal Ventures Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Metalloyd Limited - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement - Thailand
- Ministry of Transport, Egypt
- Marubeni Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Mines - Canada
- Mjunction Services Limited - India
- Aditya Birla Group - India
- Thiess Contractors Indonesia
- Kobexindo Tractors - Indoneisa
- Makarim & Taira - Indonesia
- LBH Netherlands Bv - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Goldman Sachs - Singapore
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- South Luzon Thermal Energy Corporation
- Coal and Oil Company - UAE
- Riau Bara Harum - Indonesia
- Thai Mozambique Logistica
- Bulk Trading Sa - Switzerland
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