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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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Thursday, 13 September 18
SUPRAMAX: INDO-INDIA COAL RUN WAS FIXED CLOSE TO $16000 ON ULTRA - FEARNLEYS
Capesize
Rates took a further drop in the beginning of the week, to later find a floor around mid-week reaching mid USD 7 level for c5 and just ...
Thursday, 13 September 18
SHIPPING IS INCREASINGLY CAUGHT IN THE TRADE WAR LINE OF CROSSFIRE - PETER SAND
Once again, the already long list of tariffed goods has been made even longer. Many more commodities were hit on 23 August, but September is likely ...
Wednesday, 12 September 18
THE INTERRELATIONSHIP BETWEEN LETTERS OF INDEMNITY AND CHARTERPARTY "TIME BAR" PROVISIONS - STANDARD CLUB
KNOWLEDGE TO ELEVATE
Introduction
A recent English Court of Appeal decision provides important guidance on the applicability of charterpar ...
Wednesday, 12 September 18
IS LNG POISED FOR A NEW GROWTH CYCLE? - WOOD MACKENZIE
Gas needs to work for its long-term sustainability. But the mood music is upbeat. Just 18 months ago the LNG market was depressed, anticipating an ...
Wednesday, 12 September 18
U.S. TOTAL COAL EXPORTS TO BE 107 MMST IN 2018 AND 101 MMST IN 2019 - EIA
EIA forecasts U.S. coal production will decline by 1% to 768 million short tons (MMst) in 2018, despite a 10% (10 MMst) increase in coal exports.
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Showing 1621 to 1625 news of total 6871 |
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- Ministry of Transport, Egypt
- Kepco SPC Power Corporation, Philippines
- Eastern Coal Council - USA
- PNOC Exploration Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Sojitz Corporation - Japan
- Sinarmas Energy and Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- London Commodity Brokers - England
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Malabar Cements Ltd - India
- Bhatia International Limited - India
- Power Finance Corporation Ltd., India
- Bhoruka Overseas - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Deloitte Consulting - India
- Star Paper Mills Limited - India
- The State Trading Corporation of India Ltd
- Orica Mining Services - Indonesia
- Mercuria Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Posco Energy - South Korea
- San Jose City I Power Corp, Philippines
- Semirara Mining Corp, Philippines
- Banpu Public Company Limited - Thailand
- Kideco Jaya Agung - Indonesia
- Wood Mackenzie - Singapore
- Cement Manufacturers Association - India
- Mercator Lines Limited - India
- McConnell Dowell - Australia
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Sidhee Cement - India
- Vizag Seaport Private Limited - India
- Sical Logistics Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bhushan Steel Limited - India
- European Bulk Services B.V. - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Baramulti Group, Indonesia
- Planning Commission, India
- Petron Corporation, Philippines
- Economic Council, Georgia
- Chamber of Mines of South Africa
- Australian Commodity Traders Exchange
- Standard Chartered Bank - UAE
- SMC Global Power, Philippines
- Xindia Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Parry Sugars Refinery, India
- Trasteel International SA, Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Medco Energi Mining Internasional
- Australian Coal Association
- Mjunction Services Limited - India
- GN Power Mariveles Coal Plant, Philippines
- IHS Mccloskey Coal Group - USA
- Port Waratah Coal Services - Australia
- Globalindo Alam Lestari - Indonesia
- Thai Mozambique Logistica
- Coal and Oil Company - UAE
- Oldendorff Carriers - Singapore
- Bangladesh Power Developement Board
- Romanian Commodities Exchange
- Makarim & Taira - Indonesia
- Orica Australia Pty. Ltd.
- AsiaOL BioFuels Corp., Philippines
- Intertek Mineral Services - Indonesia
- Altura Mining Limited, Indonesia
- Price Waterhouse Coopers - Russia
- Pendopo Energi Batubara - Indonesia
- Toyota Tsusho Corporation, Japan
- Alfred C Toepfer International GmbH - Germany
- Global Business Power Corporation, Philippines
- Siam City Cement - Thailand
- CNBM International Corporation - China
- Siam City Cement PLC, Thailand
- Edison Trading Spa - Italy
- Videocon Industries ltd - India
- Ind-Barath Power Infra Limited - India
- Minerals Council of Australia
- Vedanta Resources Plc - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Development Corp, Philippines
- Salva Resources Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Sree Jayajothi Cements Limited - India
- Aboitiz Power Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Central Java Power - Indonesia
- Global Coal Blending Company Limited - Australia
- Jaiprakash Power Ventures ltd
- Neyveli Lignite Corporation Ltd, - India
- Binh Thuan Hamico - Vietnam
- White Energy Company Limited
- Therma Luzon, Inc, Philippines
- Singapore Mercantile Exchange
- Riau Bara Harum - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Wilmar Investment Holdings
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Finance - Indonesia
- Bulk Trading Sa - Switzerland
- Renaissance Capital - South Africa
- Kapuas Tunggal Persada - Indonesia
- New Zealand Coal & Carbon
- Mintek Dendrill Indonesia
- Indo Tambangraya Megah - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Meralco Power Generation, Philippines
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- Essar Steel Hazira Ltd - India
- Latin American Coal - Colombia
- Tata Chemicals Ltd - India
- Bukit Baiduri Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Timah Investasi Mineral - Indoneisa
- Ambuja Cements Ltd - India
- Electricity Authority, New Zealand
- TeaM Sual Corporation - Philippines
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- Holcim Trading Pte Ltd - Singapore
- IEA Clean Coal Centre - UK
- Indian Oil Corporation Limited
- Goldman Sachs - Singapore
- Global Green Power PLC Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Tamil Nadu electricity Board
- Cigading International Bulk Terminal - Indonesia
- The University of Queensland
- Anglo American - United Kingdom
- VISA Power Limited - India
- Aditya Birla Group - India
- MS Steel International - UAE
- Miang Besar Coal Terminal - Indonesia
- Larsen & Toubro Limited - India
- Indian Energy Exchange, India
- GVK Power & Infra Limited - India
- Formosa Plastics Group - Taiwan
- CIMB Investment Bank - Malaysia
- Karaikal Port Pvt Ltd - India
- Energy Link Ltd, New Zealand
- SN Aboitiz Power Inc, Philippines
- Attock Cement Pakistan Limited
- Central Electricity Authority - India
- Carbofer General Trading SA - India
- ASAPP Information Group - India
- International Coal Ventures Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Sindya Power Generating Company Private Ltd
- Parliament of New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Interocean Group of Companies - India
- Grasim Industreis Ltd - India
- Jindal Steel & Power Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Straits Asia Resources Limited - Singapore
- Bharathi Cement Corporation - India
- Thiess Contractors Indonesia
- LBH Netherlands Bv - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Samtan Co., Ltd - South Korea
- PTC India Limited - India
- Rio Tinto Coal - Australia
- Sakthi Sugars Limited - India
- Maheswari Brothers Coal Limited - India
- Georgia Ports Authority, United States
- OPG Power Generation Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Meenaskhi Energy Private Limited - India
- Kumho Petrochemical, South Korea
- GMR Energy Limited - India
- Antam Resourcindo - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Commonwealth Bank - Australia
- Leighton Contractors Pty Ltd - Australia
- Eastern Energy - Thailand
- Barasentosa Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Manunggal Multi Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Ministry of Mines - Canada
- Kalimantan Lumbung Energi - Indonesia
- Agrawal Coal Company - India
- Simpson Spence & Young - Indonesia
- The Treasury - Australian Government
- Bukit Makmur.PT - Indonesia
- Independent Power Producers Association of India
- Bayan Resources Tbk. - Indonesia
- Indika Energy - Indonesia
- Marubeni Corporation - India
- Metalloyd Limited - United Kingdom
- Borneo Indobara - Indonesia
- Savvy Resources Ltd - HongKong
- Indonesian Coal Mining Association
- Coalindo Energy - Indonesia
- SMG Consultants - Indonesia
- Dalmia Cement Bharat India
- India Bulls Power Limited - India
- Madhucon Powers Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Africa Commodities Group - South Africa
- PowerSource Philippines DevCo
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kartika Selabumi Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Merrill Lynch Commodities Europe
- Indogreen Group - Indonesia
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