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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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Monday, 28 May 18
KOMIPO ISSUED ANOTHER TENDER FOR 130K MT OF 5700 NAR COAL
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a tender for 130,000 mt of min. 5700 NAR coal of Australian origi ...
Thursday, 24 May 18
SUPRAS FIXING AROUND USD 15000 FOR INDO TO CHINA COAL TRIPS - FEARNLEYS
Capesize
Both the physical and the paper market have dropped sharply the last couple of days on the back of a lack of fresh cargoes and a growing ...
Thursday, 24 May 18
FITCH: FALLING COAL INVESTMENT TO SUPPORT ASIAN PRICES
Press Release: The long-term outlook for the Asian thermal coal prices is improving, amid rising regional demand and falling mining investment, whi ...
Thursday, 24 May 18
BEIJING ORDERS UTILITIES, MINERS TO HELP COOL RED-HOT COAL MARKET: SOURCES - REUTERS
China’s state planner ordered utilities this week to stop stockpiling thermal coal and told miners to slash prices, two sources familiar with ...
Wednesday, 23 May 18
TANKER MARKET INSIGHT - TIMOS PAPADIMITRIOU
In the last six months we have seen more than 110 reported tanker transactions involving tonnage larger than 32k dwt and younger than 18 years old. ...
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Showing 1716 to 1720 news of total 6871 |
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- PTC India Limited - India
- Krishnapatnam Port Company Ltd. - India
- Bayan Resources Tbk. - Indonesia
- CNBM International Corporation - China
- Port Waratah Coal Services - Australia
- Marubeni Corporation - India
- PowerSource Philippines DevCo
- Straits Asia Resources Limited - Singapore
- Kobexindo Tractors - Indoneisa
- Simpson Spence & Young - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Lanco Infratech Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Aditya Birla Group - India
- Energy Link Ltd, New Zealand
- Carbofer General Trading SA - India
- Posco Energy - South Korea
- Timah Investasi Mineral - Indoneisa
- San Jose City I Power Corp, Philippines
- CIMB Investment Bank - Malaysia
- Intertek Mineral Services - Indonesia
- Altura Mining Limited, Indonesia
- Grasim Industreis Ltd - India
- Karaikal Port Pvt Ltd - India
- SMC Global Power, Philippines
- Alfred C Toepfer International GmbH - Germany
- Deloitte Consulting - India
- Ind-Barath Power Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Samtan Co., Ltd - South Korea
- Kartika Selabumi Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Salva Resources Pvt Ltd - India
- McConnell Dowell - Australia
- Vizag Seaport Private Limited - India
- The University of Queensland
- Indo Tambangraya Megah - Indonesia
- Georgia Ports Authority, United States
- London Commodity Brokers - England
- Thiess Contractors Indonesia
- European Bulk Services B.V. - Netherlands
- Malabar Cements Ltd - India
- GVK Power & Infra Limited - India
- Indian Energy Exchange, India
- Interocean Group of Companies - India
- Australian Commodity Traders Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Riau Bara Harum - Indonesia
- Price Waterhouse Coopers - Russia
- Australian Coal Association
- Rashtriya Ispat Nigam Limited - India
- Meralco Power Generation, Philippines
- GAC Shipping (India) Pvt Ltd
- Bukit Baiduri Energy - Indonesia
- Star Paper Mills Limited - India
- Maheswari Brothers Coal Limited - India
- Tamil Nadu electricity Board
- Asmin Koalindo Tuhup - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Uttam Galva Steels Limited - India
- Siam City Cement - Thailand
- Romanian Commodities Exchange
- Global Coal Blending Company Limited - Australia
- Binh Thuan Hamico - Vietnam
- Sakthi Sugars Limited - India
- Sree Jayajothi Cements Limited - India
- IHS Mccloskey Coal Group - USA
- Kideco Jaya Agung - Indonesia
- Wilmar Investment Holdings
- Bhushan Steel Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Electricity Authority - India
- Jaiprakash Power Ventures ltd
- Semirara Mining and Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Ministry of Finance - Indonesia
- Coal and Oil Company - UAE
- Agrawal Coal Company - India
- MS Steel International - UAE
- Coalindo Energy - Indonesia
- Larsen & Toubro Limited - India
- Sinarmas Energy and Mining - Indonesia
- Energy Development Corp, Philippines
- Therma Luzon, Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Chamber of Mines of South Africa
- Banpu Public Company Limited - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Economic Council, Georgia
- Orica Australia Pty. Ltd.
- Tata Chemicals Ltd - India
- Singapore Mercantile Exchange
- Thai Mozambique Logistica
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dalmia Cement Bharat India
- Directorate General of MIneral and Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Barasentosa Lestari - Indonesia
- Orica Mining Services - Indonesia
- Rio Tinto Coal - Australia
- Sojitz Corporation - Japan
- Maharashtra Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- VISA Power Limited - India
- Goldman Sachs - Singapore
- Merrill Lynch Commodities Europe
- Power Finance Corporation Ltd., India
- Jorong Barutama Greston.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Central Java Power - Indonesia
- SMG Consultants - Indonesia
- Wood Mackenzie - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Borneo Indobara - Indonesia
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sical Logistics Limited - India
- Meenaskhi Energy Private Limited - India
- Medco Energi Mining Internasional
- Indogreen Group - Indonesia
- The State Trading Corporation of India Ltd
- TeaM Sual Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Attock Cement Pakistan Limited
- Kepco SPC Power Corporation, Philippines
- Bhatia International Limited - India
- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
- Oldendorff Carriers - Singapore
- The Treasury - Australian Government
- Bhoruka Overseas - Indonesia
- Mercuria Energy - Indonesia
- GMR Energy Limited - India
- Pendopo Energi Batubara - Indonesia
- Antam Resourcindo - Indonesia
- Kumho Petrochemical, South Korea
- Gujarat Sidhee Cement - India
- Ministry of Mines - Canada
- Gujarat Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Edison Trading Spa - Italy
- SN Aboitiz Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Eastern Coal Council - USA
- Leighton Contractors Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Planning Commission, India
- Vedanta Resources Plc - India
- Madhucon Powers Ltd - India
- Sarangani Energy Corporation, Philippines
- Ministry of Transport, Egypt
- Videocon Industries ltd - India
- Africa Commodities Group - South Africa
- Standard Chartered Bank - UAE
- Mintek Dendrill Indonesia
- ICICI Bank Limited - India
- Global Business Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Petrochimia International Co. Ltd.- Taiwan
- LBH Netherlands Bv - Netherlands
- Indonesian Coal Mining Association
- Trasteel International SA, Italy
- Semirara Mining Corp, Philippines
- Bharathi Cement Corporation - India
- Savvy Resources Ltd - HongKong
- Aboitiz Power Corporation - Philippines
- Anglo American - United Kingdom
- Metalloyd Limited - United Kingdom
- Petron Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- Cement Manufacturers Association - India
- Independent Power Producers Association of India
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parry Sugars Refinery, India
- Bukit Makmur.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Minerals Council of Australia
- Renaissance Capital - South Africa
- Mercator Lines Limited - India
- Electricity Generating Authority of Thailand
- Baramulti Group, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parliament of New Zealand
- White Energy Company Limited
- Electricity Authority, New Zealand
- Kaltim Prima Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Commonwealth Bank - Australia
- Global Green Power PLC Corporation, Philippines
- New Zealand Coal & Carbon
- Sindya Power Generating Company Private Ltd
- Directorate Of Revenue Intelligence - India
- TNB Fuel Sdn Bhd - Malaysia
- ASAPP Information Group - India
- Iligan Light & Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Heidelberg Cement - Germany
- Indian Oil Corporation Limited
- Mjunction Services Limited - India
- PNOC Exploration Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Latin American Coal - Colombia
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