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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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Saturday, 10 February 18
OIL PRICE USD 100/BARREL BY END OF 2018! - SAROJ MOHAPATRA
All demand supplies calculations are going wrong in oil market at present. US production is increasing at a good pace and set to topple Saudi comfo ...
Friday, 09 February 18
COAL BUYERS SPOOKED BY INDONESIA'S NEW SHIPPING RULES - ASSOC
Buyers of Indonesian coal are holding back orders of the fuel after the government issued new shipping rules for coal and crude palm oil that would ...
Thursday, 08 February 18
ENHANCED PRODUCTION BY COAL INDIA LIMITED HELPS DECLINE IN COAL IMPORTS - UNION MINISTER OF RAILWAYS AND COAL
According to press release from PIB, as per the current import policy, coal is kept under Open General License (OGL) and consumers are free to impo ...
Thursday, 08 February 18
A NEW WEEK WITH A SOFT SENTIMENT AND DECREASING RATES IN BOTH HEMISPHERE FOR THE PANAMAXES, SAYS FEARNLEYS
Supramax
USG dropping remarkably due to lack of fresh enquiry both for fhaul and bhaul, Supras were fixed from USG to Spore-Japan range now aroun ...
Wednesday, 07 February 18
INDONESIAN COAL PRICE REFERENCE RISES TO HIT THIRTEEN-MONTH HIGH OF $100.69 A TON
COALspot.com: The Indonesian Coal Price Reference (HBA) rose 5.39 per cent in February 2018, the latest ministerial decree showed.
The benchma ...
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Showing 1811 to 1815 news of total 6871 |
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- Ind-Barath Power Infra Limited - India
- Essar Steel Hazira Ltd - India
- Manunggal Multi Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Star Paper Mills Limited - India
- Barasentosa Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Banpu Public Company Limited - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coalindo Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Savvy Resources Ltd - HongKong
- Latin American Coal - Colombia
- ICICI Bank Limited - India
- SMC Global Power, Philippines
- Salva Resources Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Tamil Nadu electricity Board
- Sarangani Energy Corporation, Philippines
- Borneo Indobara - Indonesia
- Binh Thuan Hamico - Vietnam
- Romanian Commodities Exchange
- Parliament of New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- White Energy Company Limited
- Sinarmas Energy and Mining - Indonesia
- Antam Resourcindo - Indonesia
- Wood Mackenzie - Singapore
- Jaiprakash Power Ventures ltd
- Formosa Plastics Group - Taiwan
- Thai Mozambique Logistica
- Makarim & Taira - Indonesia
- Vedanta Resources Plc - India
- India Bulls Power Limited - India
- Deloitte Consulting - India
- Bulk Trading Sa - Switzerland
- Petron Corporation, Philippines
- Energy Link Ltd, New Zealand
- Bhushan Steel Limited - India
- Indian Oil Corporation Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Interocean Group of Companies - India
- Cement Manufacturers Association - India
- Metalloyd Limited - United Kingdom
- Wilmar Investment Holdings
- Xindia Steels Limited - India
- GMR Energy Limited - India
- Kumho Petrochemical, South Korea
- Aboitiz Power Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Altura Mining Limited, Indonesia
- Edison Trading Spa - Italy
- Siam City Cement PLC, Thailand
- Directorate General of MIneral and Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Central Electricity Authority - India
- Eastern Coal Council - USA
- Intertek Mineral Services - Indonesia
- Thiess Contractors Indonesia
- Straits Asia Resources Limited - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Kepco SPC Power Corporation, Philippines
- Minerals Council of Australia
- Iligan Light & Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- Pipit Mutiara Jaya. PT, Indonesia
- Economic Council, Georgia
- Malabar Cements Ltd - India
- Vizag Seaport Private Limited - India
- TeaM Sual Corporation - Philippines
- Tata Chemicals Ltd - India
- Electricity Generating Authority of Thailand
- PowerSource Philippines DevCo
- Bahari Cakrawala Sebuku - Indonesia
- Anglo American - United Kingdom
- Kartika Selabumi Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Aditya Birla Group - India
- Power Finance Corporation Ltd., India
- Karbindo Abesyapradhi - Indoneisa
- Indonesian Coal Mining Association
- Medco Energi Mining Internasional
- Global Coal Blending Company Limited - Australia
- Indika Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Videocon Industries ltd - India
- Sree Jayajothi Cements Limited - India
- Samtan Co., Ltd - South Korea
- Jindal Steel & Power Ltd - India
- Commonwealth Bank - Australia
- Gujarat Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- Maheswari Brothers Coal Limited - India
- Meenaskhi Energy Private Limited - India
- San Jose City I Power Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Maharashtra Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- LBH Netherlands Bv - Netherlands
- Price Waterhouse Coopers - Russia
- Karaikal Port Pvt Ltd - India
- Dalmia Cement Bharat India
- McConnell Dowell - Australia
- Coal and Oil Company - UAE
- Rashtriya Ispat Nigam Limited - India
- Ministry of Mines - Canada
- Indogreen Group - Indonesia
- Indian Energy Exchange, India
- Chettinad Cement Corporation Ltd - India
- Bhoruka Overseas - Indonesia
- Gujarat Sidhee Cement - India
- Baramulti Group, Indonesia
- MS Steel International - UAE
- Ministry of Transport, Egypt
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Bank of Tokyo Mitsubishi UFJ Ltd
- IHS Mccloskey Coal Group - USA
- Indo Tambangraya Megah - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Rio Tinto Coal - Australia
- Bukit Baiduri Energy - Indonesia
- CNBM International Corporation - China
- Standard Chartered Bank - UAE
- SMG Consultants - Indonesia
- The Treasury - Australian Government
- Bukit Asam (Persero) Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Australian Commodity Traders Exchange
- Global Business Power Corporation, Philippines
- Central Java Power - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Energy Development Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- New Zealand Coal & Carbon
- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
- Leighton Contractors Pty Ltd - Australia
- Renaissance Capital - South Africa
- Trasteel International SA, Italy
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining and Power Corporation, Philippines
- VISA Power Limited - India
- Ministry of Finance - Indonesia
- Heidelberg Cement - Germany
- Toyota Tsusho Corporation, Japan
- Sindya Power Generating Company Private Ltd
- Electricity Authority, New Zealand
- Mintek Dendrill Indonesia
- Siam City Cement - Thailand
- Independent Power Producers Association of India
- Merrill Lynch Commodities Europe
- Mjunction Services Limited - India
- Kobexindo Tractors - Indoneisa
- PTC India Limited - India
- Cigading International Bulk Terminal - Indonesia
- Agrawal Coal Company - India
- Kapuas Tunggal Persada - Indonesia
- Kaltim Prima Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- The University of Queensland
- Posco Energy - South Korea
- Uttam Galva Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Energy - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Chamber of Mines of South Africa
- Australian Coal Association
- Gujarat Mineral Development Corp Ltd - India
- SN Aboitiz Power Inc, Philippines
- Lanco Infratech Ltd - India
- Mercator Lines Limited - India
- Simpson Spence & Young - Indonesia
- Sical Logistics Limited - India
- ASAPP Information Group - India
- Orica Mining Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Bangladesh Power Developement Board
- Coastal Gujarat Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Mercuria Energy - Indonesia
- Therma Luzon, Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Alfred C Toepfer International GmbH - Germany
- The State Trading Corporation of India Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Goldman Sachs - Singapore
- Ambuja Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Parry Sugars Refinery, India
- Globalindo Alam Lestari - Indonesia
- Sakthi Sugars Limited - India
- Bhatia International Limited - India
- London Commodity Brokers - England
- Madhucon Powers Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Attock Cement Pakistan Limited
- Marubeni Corporation - India
- Singapore Mercantile Exchange
- Riau Bara Harum - Indonesia
- Georgia Ports Authority, United States
- Meralco Power Generation, Philippines
- Planning Commission, India
- Bharathi Cement Corporation - India
- Carbofer General Trading SA - India
- Larsen & Toubro Limited - India
- Africa Commodities Group - South Africa
- Orica Australia Pty. Ltd.
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