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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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Tuesday, 20 March 18
SHIPPING MARKET ANALYSIS - GEORGE LAZARIDIS
It has been a chilling start to the week for the global economy, with the vast majority of stock exchanges noting a fair drop, after a series of se ...
Tuesday, 20 March 18
TRAFIGURA GROUP PTE LTD SIGNS RECORD US$5.725 BILLION EUROPEAN MULTICURRENCY SYNDICATED REVOLVING CREDIT FACILITIES AND JPY72.64 BILLION DENOMINATED THREE YEAR TERM LOAN
Press Release: Trafigura Group Pte Ltd. (“Trafigura” or the “Company”), a market leader in the global commodities industry, ...
Monday, 19 March 18
PANAMAX: DESPITE FEWER REPORTED PERIOD TRADES THIS WEEK, RATE LEVELS HAVE REMAINED SOLID - BALTIC BRIEFING
Capesize
There were finally reports of increased Brazil activity, but still largely unconfirmed. Vale reportedly took six ships Thursday for 5 Ap ...
Friday, 16 March 18
WEEKLY US COAL PRODUCTION DROPS 1.9 PER CENT WEEK OVER WEEK - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 14.8 million short tons ...
Friday, 16 March 18
INDONESIA COAL PRICE CAP POSES LIMITED RISKS TO PRODUCERS : FITCH
Indonesia’s cap on the benchmark price of coal sold to the domestic electricity sector is unlikely to have a significant impact on the credit ...
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Showing 1766 to 1770 news of total 6871 |
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- Sree Jayajothi Cements Limited - India
- Indonesian Coal Mining Association
- European Bulk Services B.V. - Netherlands
- Altura Mining Limited, Indonesia
- Maheswari Brothers Coal Limited - India
- Global Business Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Star Paper Mills Limited - India
- Sojitz Corporation - Japan
- Karbindo Abesyapradhi - Indoneisa
- Singapore Mercantile Exchange
- Mintek Dendrill Indonesia
- Merrill Lynch Commodities Europe
- The University of Queensland
- Ministry of Mines - Canada
- Australian Commodity Traders Exchange
- MS Steel International - UAE
- Heidelberg Cement - Germany
- Jaiprakash Power Ventures ltd
- Karaikal Port Pvt Ltd - India
- Aditya Birla Group - India
- White Energy Company Limited
- Parry Sugars Refinery, India
- Orica Mining Services - Indonesia
- Metalloyd Limited - United Kingdom
- London Commodity Brokers - England
- Bhoruka Overseas - Indonesia
- International Coal Ventures Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- GMR Energy Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Romanian Commodities Exchange
- Gujarat Sidhee Cement - India
- Agrawal Coal Company - India
- GAC Shipping (India) Pvt Ltd
- Electricity Authority, New Zealand
- Planning Commission, India
- Ind-Barath Power Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- ICICI Bank Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ceylon Electricity Board - Sri Lanka
- Meenaskhi Energy Private Limited - India
- Borneo Indobara - Indonesia
- Cement Manufacturers Association - India
- Krishnapatnam Port Company Ltd. - India
- Uttam Galva Steels Limited - India
- Samtan Co., Ltd - South Korea
- Goldman Sachs - Singapore
- Coastal Gujarat Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Vedanta Resources Plc - India
- Malabar Cements Ltd - India
- Ministry of Transport, Egypt
- Sical Logistics Limited - India
- Wood Mackenzie - Singapore
- Indo Tambangraya Megah - Indonesia
- Simpson Spence & Young - Indonesia
- Coal and Oil Company - UAE
- Ministry of Finance - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bulk Trading Sa - Switzerland
- GN Power Mariveles Coal Plant, Philippines
- Grasim Industreis Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Eastern Energy - Thailand
- Gujarat Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Mercator Lines Limited - India
- VISA Power Limited - India
- Kumho Petrochemical, South Korea
- Indian Oil Corporation Limited
- Kobexindo Tractors - Indoneisa
- Parliament of New Zealand
- Sindya Power Generating Company Private Ltd
- Sinarmas Energy and Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PTC India Limited - India
- Dalmia Cement Bharat India
- Manunggal Multi Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Renaissance Capital - South Africa
- Jindal Steel & Power Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Chamber of Mines of South Africa
- Interocean Group of Companies - India
- Economic Council, Georgia
- Binh Thuan Hamico - Vietnam
- Baramulti Group, Indonesia
- Standard Chartered Bank - UAE
- Sakthi Sugars Limited - India
- Bukit Makmur.PT - Indonesia
- Bharathi Cement Corporation - India
- Orica Australia Pty. Ltd.
- IEA Clean Coal Centre - UK
- Siam City Cement PLC, Thailand
- PowerSource Philippines DevCo
- Madhucon Powers Ltd - India
- Makarim & Taira - Indonesia
- Toyota Tsusho Corporation, Japan
- Trasteel International SA, Italy
- Deloitte Consulting - India
- Banpu Public Company Limited - Thailand
- Semirara Mining Corp, Philippines
- The State Trading Corporation of India Ltd
- SMC Global Power, Philippines
- Petron Corporation, Philippines
- India Bulls Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- SMG Consultants - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Power Finance Corporation Ltd., India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Baiduri Energy - Indonesia
- Tata Chemicals Ltd - India
- Commonwealth Bank - Australia
- New Zealand Coal & Carbon
- Anglo American - United Kingdom
- Videocon Industries ltd - India
- Kaltim Prima Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- OPG Power Generation Pvt Ltd - India
- Carbofer General Trading SA - India
- Ambuja Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Australian Coal Association
- Independent Power Producers Association of India
- Siam City Cement - Thailand
- South Luzon Thermal Energy Corporation
- Georgia Ports Authority, United States
- Minerals Council of Australia
- Barasentosa Lestari - Indonesia
- Africa Commodities Group - South Africa
- The Treasury - Australian Government
- Cigading International Bulk Terminal - Indonesia
- GVK Power & Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Xindia Steels Limited - India
- McConnell Dowell - Australia
- Marubeni Corporation - India
- Antam Resourcindo - Indonesia
- Vizag Seaport Private Limited - India
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
- Global Green Power PLC Corporation, Philippines
- Meralco Power Generation, Philippines
- Timah Investasi Mineral - Indoneisa
- IHS Mccloskey Coal Group - USA
- Energy Development Corp, Philippines
- Posco Energy - South Korea
- Kepco SPC Power Corporation, Philippines
- Edison Trading Spa - Italy
- Kalimantan Lumbung Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Aboitiz Power Corporation - Philippines
- Attock Cement Pakistan Limited
- Kapuas Tunggal Persada - Indonesia
- Mercuria Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Mineral Development Corp Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Holcim Trading Pte Ltd - Singapore
- Central Electricity Authority - India
- Thai Mozambique Logistica
- Riau Bara Harum - Indonesia
- Port Waratah Coal Services - Australia
- Chettinad Cement Corporation Ltd - India
- Therma Luzon, Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Latin American Coal - Colombia
- Straits Asia Resources Limited - Singapore
- Tamil Nadu electricity Board
- Thiess Contractors Indonesia
- Miang Besar Coal Terminal - Indonesia
- Lanco Infratech Ltd - India
- Global Coal Blending Company Limited - Australia
- Kartika Selabumi Mining - Indonesia
- Bhatia International Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bangladesh Power Developement Board
- Globalindo Alam Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Mjunction Services Limited - India
- Bayan Resources Tbk. - Indonesia
- LBH Netherlands Bv - Netherlands
- Oldendorff Carriers - Singapore
- ASAPP Information Group - India
- Essar Steel Hazira Ltd - India
- Medco Energi Mining Internasional
- Bhushan Steel Limited - India
- Eastern Coal Council - USA
- Petrochimia International Co. Ltd.- Taiwan
- PNOC Exploration Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Coalindo Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Rio Tinto Coal - Australia
- Neyveli Lignite Corporation Ltd, - India
- Wilmar Investment Holdings
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Indogreen Group - Indonesia
- Central Java Power - Indonesia
- CNBM International Corporation - China
- Energy Link Ltd, New Zealand
- Iligan Light & Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
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