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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, 21 December 17
FUEL SHORTAGE TRIGGERS JUMP IN COAL PRICES - CHINA DAILY
China’s thermal coal prices jumped recently as natural gas shortages across the north spurred an unexpected resurgence in demand for coal-fir ...
Thursday, 21 December 17
SUPRAMAX: IN THE MOST CHANCE, DO NOT EXPECT ANY DRAMATIC CHANGES IN THE NEAR FUTURE - FEARNLEYS
Supramax
Market reducing speed. Rates are dropping further for supras outbound USG on fronth, bkhaul is more stable i.e $25k/22k respectively say ...
Wednesday, 20 December 17
INDONESIAN HBA FELL FOR THE FIRST TIME IN SIX MONTHS, GOVERNMENT DATA SHOWS
COALspot.com: HBA fell 0.80 per cent in December, marking the first fall for the Indonesian Coal Price Reference ( HBA) since June 2017, the latest ...
Monday, 18 December 17
U.S. COAL EXPORTS FOR THE FIRST THREE QUARTERS OF 2017 WERE 69 MMST; UP 68% M/M - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.5 million sho ...
Thursday, 14 December 17
SUPRAMAX: INDO COAL TO CHINA AROUND LOW $10K DELIVERY SINGAPORE
Supramax
Atlantic basin kept its firm pace with charters still busy with covering pre-holiday requirements. Ultras got close to $20k for ordinary ...
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Showing 1846 to 1850 news of total 6871 |
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Barasentosa Lestari - Indonesia
- White Energy Company Limited
- Singapore Mercantile Exchange
- Bharathi Cement Corporation - India
- Manunggal Multi Energi - Indonesia
- Grasim Industreis Ltd - India
- Metalloyd Limited - United Kingdom
- Standard Chartered Bank - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Anglo American - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Mercator Lines Limited - India
- TeaM Sual Corporation - Philippines
- Central Java Power - Indonesia
- Siam City Cement PLC, Thailand
- Eastern Energy - Thailand
- Riau Bara Harum - Indonesia
- LBH Netherlands Bv - Netherlands
- Indian Energy Exchange, India
- Baramulti Group, Indonesia
- Renaissance Capital - South Africa
- Latin American Coal - Colombia
- Bayan Resources Tbk. - Indonesia
- Orica Australia Pty. Ltd.
- European Bulk Services B.V. - Netherlands
- Energy Development Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Madhucon Powers Ltd - India
- Xindia Steels Limited - India
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- SN Aboitiz Power Inc, Philippines
- Indika Energy - Indonesia
- Rio Tinto Coal - Australia
- Central Electricity Authority - India
- Antam Resourcindo - Indonesia
- Samtan Co., Ltd - South Korea
- Aditya Birla Group - India
- Electricity Authority, New Zealand
- Sindya Power Generating Company Private Ltd
- Heidelberg Cement - Germany
- Star Paper Mills Limited - India
- Merrill Lynch Commodities Europe
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GVK Power & Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Tata Chemicals Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- Sarangani Energy Corporation, Philippines
- Africa Commodities Group - South Africa
- Gujarat Sidhee Cement - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- IHS Mccloskey Coal Group - USA
- Indo Tambangraya Megah - Indonesia
- Cement Manufacturers Association - India
- Globalindo Alam Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Indian Oil Corporation Limited
- Jindal Steel & Power Ltd - India
- OPG Power Generation Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Makarim & Taira - Indonesia
- Billiton Holdings Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- GMR Energy Limited - India
- CNBM International Corporation - China
- Chettinad Cement Corporation Ltd - India
- Electricity Generating Authority of Thailand
- Semirara Mining and Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Trasteel International SA, Italy
- Sojitz Corporation - Japan
- Malabar Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Bangladesh Power Developement Board
- Petron Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Coal and Oil Company - UAE
- Orica Mining Services - Indonesia
- London Commodity Brokers - England
- Ministry of Transport, Egypt
- The Treasury - Australian Government
- Chamber of Mines of South Africa
- Deloitte Consulting - India
- Independent Power Producers Association of India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aboitiz Power Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Medco Energi Mining Internasional
- PNOC Exploration Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Thai Mozambique Logistica
- Global Business Power Corporation, Philippines
- Vedanta Resources Plc - India
- Meenaskhi Energy Private Limited - India
- Semirara Mining Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Thiess Contractors Indonesia
- Meralco Power Generation, Philippines
- Bukit Makmur.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Uttam Galva Steels Limited - India
- Wood Mackenzie - Singapore
- Commonwealth Bank - Australia
- McConnell Dowell - Australia
- Siam City Cement - Thailand
- Ambuja Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Mintek Dendrill Indonesia
- Formosa Plastics Group - Taiwan
- Planning Commission, India
- Altura Mining Limited, Indonesia
- Attock Cement Pakistan Limited
- South Luzon Thermal Energy Corporation
- Bhoruka Overseas - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Lanco Infratech Ltd - India
- PowerSource Philippines DevCo
- Eastern Coal Council - USA
- Kapuas Tunggal Persada - Indonesia
- Mjunction Services Limited - India
- Energy Link Ltd, New Zealand
- Goldman Sachs - Singapore
- Wilmar Investment Holdings
- Savvy Resources Ltd - HongKong
- TNB Fuel Sdn Bhd - Malaysia
- Agrawal Coal Company - India
- Edison Trading Spa - Italy
- Bhushan Steel Limited - India
- Banpu Public Company Limited - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Vizag Seaport Private Limited - India
- Power Finance Corporation Ltd., India
- Iligan Light & Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Tamil Nadu electricity Board
- Australian Commodity Traders Exchange
- Dalmia Cement Bharat India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Borneo Indobara - Indonesia
- Sakthi Sugars Limited - India
- Posco Energy - South Korea
- Sical Logistics Limited - India
- Ministry of Mines - Canada
- Marubeni Corporation - India
- Bukit Baiduri Energy - Indonesia
- Oldendorff Carriers - Singapore
- Bhatia International Limited - India
- Kartika Selabumi Mining - Indonesia
- The State Trading Corporation of India Ltd
- ICICI Bank Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Straits Asia Resources Limited - Singapore
- Ministry of Finance - Indonesia
- SMC Global Power, Philippines
- Pendopo Energi Batubara - Indonesia
- Larsen & Toubro Limited - India
- ASAPP Information Group - India
- Coastal Gujarat Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Sinarmas Energy and Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Jaiprakash Power Ventures ltd
- Coalindo Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Interocean Group of Companies - India
- PetroVietnam Power Coal Import and Supply Company
- Vijayanagar Sugar Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- San Jose City I Power Corp, Philippines
- New Zealand Coal & Carbon
- The University of Queensland
- Economic Council, Georgia
- Salva Resources Pvt Ltd - India
- Georgia Ports Authority, United States
- CIMB Investment Bank - Malaysia
- Parry Sugars Refinery, India
- VISA Power Limited - India
- Videocon Industries ltd - India
- Mercuria Energy - Indonesia
- SMG Consultants - Indonesia
- Carbofer General Trading SA - India
- International Coal Ventures Pvt Ltd - India
- Indogreen Group - Indonesia
- Romanian Commodities Exchange
- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Minerals Council of Australia
- Toyota Tsusho Corporation, Japan
- Kaltim Prima Coal - Indonesia
- MS Steel International - UAE
- GN Power Mariveles Coal Plant, Philippines
- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Cigading International Bulk Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- PTC India Limited - India
- Kepco SPC Power Corporation, Philippines
- India Bulls Power Limited - India
- Intertek Mineral Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- Simpson Spence & Young - Indonesia
- Australian Coal Association
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