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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, 15 March 18
SUPRAMAX: INDO TO CHINA COAL ROUNDS ARE PAYING IN THE LOW $13K TO S. CHINA AND HIGH $13K TO NORTH IN CHINA
Supramax
More activity from USG , front hauls to Far East have settled around $25000, and to Cont around $20000. Stable gain again in Black Sea w ...
Thursday, 15 March 18
BHEL COMMISSIONS 600 MW THERMAL POWER PLANT FOR APGENCO IN ANDHRA PRADESH
Bharat Heavy Electricals Limited (BHEL) has successfully commissioned a 600 MW coal-based thermal power plant in the state of Andhra Pradesh.
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Thursday, 15 March 18
SUEK GROUP SECURES $1.055BN 5-YEAR SYNDICATED PRE-EXPORT FINANCE FACILITY
SUEK Group signed a $1.055bn syndicated pre-export loan agreement. The facility with five years duration is secured against the Group’s expor ...
Wednesday, 14 March 18
COAL PRICES UP SAYS MINERALS COUNCIL - IAN KIRKWOOD,THE HERALD
NSW thermal coal exports were at near-record levels last year but prices were up, the Minerals Council of NSW has said after appraising annual stat ...
Wednesday, 14 March 18
NEW COAL PRICE FORMULA DOESN'T APPLY RETROACTIVELY: OFFICIAL - THE JAKARTA GLOBE
The Energy and Mineral Resources Ministry has decided to change the implementation period of the new discounted price formula for coal sold to the ...
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Showing 1771 to 1775 news of total 6871 |
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- Lanco Infratech Ltd - India
- Tamil Nadu electricity Board
- Jaiprakash Power Ventures ltd
- Ministry of Transport, Egypt
- Indian Energy Exchange, India
- Ministry of Mines - Canada
- Vedanta Resources Plc - India
- Bukit Makmur.PT - Indonesia
- Parliament of New Zealand
- Economic Council, Georgia
- Coal and Oil Company - UAE
- Grasim Industreis Ltd - India
- TeaM Sual Corporation - Philippines
- PowerSource Philippines DevCo
- Cement Manufacturers Association - India
- Baramulti Group, Indonesia
- Energy Development Corp, Philippines
- Singapore Mercantile Exchange
- TNB Fuel Sdn Bhd - Malaysia
- VISA Power Limited - India
- Kaltim Prima Coal - Indonesia
- Petron Corporation, Philippines
- Global Business Power Corporation, Philippines
- ASAPP Information Group - India
- Meralco Power Generation, Philippines
- Indogreen Group - Indonesia
- Carbofer General Trading SA - India
- Gujarat Sidhee Cement - India
- Energy Link Ltd, New Zealand
- Anglo American - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Independent Power Producers Association of India
- Mjunction Services Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Simpson Spence & Young - Indonesia
- SMC Global Power, Philippines
- SN Aboitiz Power Inc, Philippines
- Deloitte Consulting - India
- Australian Commodity Traders Exchange
- Indian Oil Corporation Limited
- Renaissance Capital - South Africa
- Savvy Resources Ltd - HongKong
- Binh Thuan Hamico - Vietnam
- IEA Clean Coal Centre - UK
- Marubeni Corporation - India
- Tata Chemicals Ltd - India
- The State Trading Corporation of India Ltd
- Ind-Barath Power Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Sree Jayajothi Cements Limited - India
- Edison Trading Spa - Italy
- Coastal Gujarat Power Limited - India
- Videocon Industries ltd - India
- Semirara Mining Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Riau Bara Harum - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Trasteel International SA, Italy
- Gujarat Mineral Development Corp Ltd - India
- CIMB Investment Bank - Malaysia
- Power Finance Corporation Ltd., India
- Dalmia Cement Bharat India
- White Energy Company Limited
- Karaikal Port Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Global Coal Blending Company Limited - Australia
- Alfred C Toepfer International GmbH - Germany
- PNOC Exploration Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- New Zealand Coal & Carbon
- South Luzon Thermal Energy Corporation
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Altura Mining Limited, Indonesia
- CNBM International Corporation - China
- Semirara Mining and Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Sojitz Corporation - Japan
- Uttam Galva Steels Limited - India
- Bharathi Cement Corporation - India
- Port Waratah Coal Services - Australia
- Sinarmas Energy and Mining - Indonesia
- Goldman Sachs - Singapore
- Globalindo Alam Lestari - Indonesia
- Bangladesh Power Developement Board
- Sarangani Energy Corporation, Philippines
- PTC India Limited - India
- Krishnapatnam Port Company Ltd. - India
- Electricity Authority, New Zealand
- Romanian Commodities Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Latin American Coal - Colombia
- Borneo Indobara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Formosa Plastics Group - Taiwan
- Global Green Power PLC Corporation, Philippines
- Eastern Coal Council - USA
- Maharashtra Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- London Commodity Brokers - England
- Electricity Generating Authority of Thailand
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement PLC, Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kobexindo Tractors - Indoneisa
- Central Electricity Authority - India
- Ceylon Electricity Board - Sri Lanka
- Kohat Cement Company Ltd. - Pakistan
- India Bulls Power Limited - India
- Manunggal Multi Energi - Indonesia
- Sical Logistics Limited - India
- Kumho Petrochemical, South Korea
- Gujarat Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- Ministry of Finance - Indonesia
- The Treasury - Australian Government
- Star Paper Mills Limited - India
- Wilmar Investment Holdings
- Merrill Lynch Commodities Europe
- Bayan Resources Tbk. - Indonesia
- Interocean Group of Companies - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GMR Energy Limited - India
- Bulk Trading Sa - Switzerland
- Indonesian Coal Mining Association
- Maheswari Brothers Coal Limited - India
- Ambuja Cements Ltd - India
- MS Steel International - UAE
- Larsen & Toubro Limited - India
- SMG Consultants - Indonesia
- Mintek Dendrill Indonesia
- Antam Resourcindo - Indonesia
- GAC Shipping (India) Pvt Ltd
- Leighton Contractors Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Indika Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karbindo Abesyapradhi - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Thai Mozambique Logistica
- Meenaskhi Energy Private Limited - India
- Banpu Public Company Limited - Thailand
- OPG Power Generation Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Parry Sugars Refinery, India
- Chamber of Mines of South Africa
- International Coal Ventures Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Rio Tinto Coal - Australia
- Metalloyd Limited - United Kingdom
- Samtan Co., Ltd - South Korea
- Wood Mackenzie - Singapore
- Barasentosa Lestari - Indonesia
- Agrawal Coal Company - India
- Vijayanagar Sugar Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- The University of Queensland
- Rashtriya Ispat Nigam Limited - India
- GVK Power & Infra Limited - India
- Intertek Mineral Services - Indonesia
- Georgia Ports Authority, United States
- Makarim & Taira - Indonesia
- Aditya Birla Group - India
- Attock Cement Pakistan Limited
- Siam City Cement - Thailand
- Kepco SPC Power Corporation, Philippines
- McConnell Dowell - Australia
- Mercator Lines Limited - India
- Heidelberg Cement - Germany
- Madhucon Powers Ltd - India
- Miang Besar Coal Terminal - Indonesia
- ICICI Bank Limited - India
- Planning Commission, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- Xindia Steels Limited - India
- Jindal Steel & Power Ltd - India
- Straits Asia Resources Limited - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Salva Resources Pvt Ltd - India
- Central Java Power - Indonesia
- Cigading International Bulk Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Oldendorff Carriers - Singapore
- Coalindo Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Bhoruka Overseas - Indonesia
- Price Waterhouse Coopers - Russia
- Standard Chartered Bank - UAE
- Eastern Energy - Thailand
- Commonwealth Bank - Australia
- Malabar Cements Ltd - India
- Posco Energy - South Korea
- Medco Energi Mining Internasional
- Australian Coal Association
- Toyota Tsusho Corporation, Japan
- Kalimantan Lumbung Energi - Indonesia
- Thiess Contractors Indonesia
- Kapuas Tunggal Persada - Indonesia
- Vizag Seaport Private Limited - India
- Orica Mining Services - Indonesia
- Mercuria Energy - Indonesia
- Minerals Council of Australia
- Pendopo Energi Batubara - Indonesia
- Africa Commodities Group - South Africa
- Therma Luzon, Inc, Philippines
- Essar Steel Hazira Ltd - India
- Bhatia International Limited - India
- Timah Investasi Mineral - Indoneisa
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