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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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Wednesday, 13 December 17
REFINED COAL HAS MADE UP NEARLY ONE-FIFTH OF COAL-FIRED POWER GENERATION SO FAR IN 2017 - EIA
The U.S. power sector consumption of coal is increasingly shifting to refined coal, even as coal-fired electricity generation decreases. Use of ref ...
Wednesday, 13 December 17
DEMAND FOR THERMAL COAL LOOKED RELATIVELY ROBUST - DANIEL HYNES
Coal prices were a touch higher. Demand for thermal coal looked relatively robust, after reports continued to surface that Chinese authorities have ...
Wednesday, 13 December 17
SHIPPING MARKET INSIGHT - GEORGE PANAGOPOULOS
As another year is coming to an end and much has been already written about the positive reversal in the dry bulk market, we think it is interestin ...
Monday, 11 December 17
INDIA CONSUMERS ARE SAID TO BE DESPERATELY SEEKING CARGOES - DANIEL HYNES
Coal markets were stronger, as strong demand outside China continues to spur buying said Daniel Hynes, Senior Commodity Strategist at ANZ.
Acc ...
Monday, 11 December 17
CAPESIZE FFA MARKET LOOKING PROMISING MOVING FORWARD - FIS
Capesize
Another very promising day for the big ships as rates continued to firm in both oceans and the paper market ate into the backwardation s ...
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Showing 1851 to 1855 news of total 6871 |
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- Agrawal Coal Company - India
- Marubeni Corporation - India
- Gujarat Sidhee Cement - India
- CNBM International Corporation - China
- Sical Logistics Limited - India
- Kumho Petrochemical, South Korea
- Holcim Trading Pte Ltd - Singapore
- Tata Chemicals Ltd - India
- Altura Mining Limited, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Lanco Infratech Ltd - India
- Tamil Nadu electricity Board
- Intertek Mineral Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Africa Commodities Group - South Africa
- Antam Resourcindo - Indonesia
- Sakthi Sugars Limited - India
- AsiaOL BioFuels Corp., Philippines
- Ceylon Electricity Board - Sri Lanka
- Rio Tinto Coal - Australia
- Krishnapatnam Port Company Ltd. - India
- Larsen & Toubro Limited - India
- Kapuas Tunggal Persada - Indonesia
- Vedanta Resources Plc - India
- Georgia Ports Authority, United States
- Thai Mozambique Logistica
- IHS Mccloskey Coal Group - USA
- PetroVietnam Power Coal Import and Supply Company
- Directorate General of MIneral and Coal - Indonesia
- Indika Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Independent Power Producers Association of India
- McConnell Dowell - Australia
- Parliament of New Zealand
- Savvy Resources Ltd - HongKong
- Borneo Indobara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Indonesian Coal Mining Association
- Malabar Cements Ltd - India
- Planning Commission, India
- Global Business Power Corporation, Philippines
- India Bulls Power Limited - India
- PNOC Exploration Corporation - Philippines
- Madhucon Powers Ltd - India
- Australian Commodity Traders Exchange
- Electricity Authority, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Manunggal Multi Energi - Indonesia
- The University of Queensland
- Maharashtra Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Indian Oil Corporation Limited
- Gujarat Mineral Development Corp Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Samtan Co., Ltd - South Korea
- Semirara Mining Corp, Philippines
- South Luzon Thermal Energy Corporation
- Miang Besar Coal Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Coalindo Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Deloitte Consulting - India
- Australian Coal Association
- Renaissance Capital - South Africa
- Simpson Spence & Young - Indonesia
- Globalindo Alam Lestari - Indonesia
- Vizag Seaport Private Limited - India
- Mercuria Energy - Indonesia
- Energy Development Corp, Philippines
- Coastal Gujarat Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- International Coal Ventures Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Medco Energi Mining Internasional
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- White Energy Company Limited
- Sojitz Corporation - Japan
- Posco Energy - South Korea
- Videocon Industries ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Carbofer General Trading SA - India
- Karbindo Abesyapradhi - Indoneisa
- Global Coal Blending Company Limited - Australia
- Wilmar Investment Holdings
- Banpu Public Company Limited - Thailand
- Riau Bara Harum - Indonesia
- Interocean Group of Companies - India
- Bukit Makmur.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Indogreen Group - Indonesia
- Maheswari Brothers Coal Limited - India
- SMC Global Power, Philippines
- Uttam Galva Steels Limited - India
- Siam City Cement PLC, Thailand
- Anglo American - United Kingdom
- Thiess Contractors Indonesia
- The Treasury - Australian Government
- Ministry of Transport, Egypt
- Latin American Coal - Colombia
- OPG Power Generation Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Aditya Birla Group - India
- VISA Power Limited - India
- ASAPP Information Group - India
- Parry Sugars Refinery, India
- Kobexindo Tractors - Indoneisa
- Price Waterhouse Coopers - Russia
- Electricity Generating Authority of Thailand
- Meralco Power Generation, Philippines
- Salva Resources Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Romanian Commodities Exchange
- Indian Energy Exchange, India
- Bhoruka Overseas - Indonesia
- Bayan Resources Tbk. - Indonesia
- Jaiprakash Power Ventures ltd
- Edison Trading Spa - Italy
- Timah Investasi Mineral - Indoneisa
- Orica Australia Pty. Ltd.
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement - Thailand
- Mjunction Services Limited - India
- PTC India Limited - India
- The State Trading Corporation of India Ltd
- GMR Energy Limited - India
- Bhatia International Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CIMB Investment Bank - Malaysia
- Xindia Steels Limited - India
- Oldendorff Carriers - Singapore
- Eastern Energy - Thailand
- Wood Mackenzie - Singapore
- Attock Cement Pakistan Limited
- Toyota Tsusho Corporation, Japan
- Jorong Barutama Greston.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- Economic Council, Georgia
- Chamber of Mines of South Africa
- Port Waratah Coal Services - Australia
- Rashtriya Ispat Nigam Limited - India
- Merrill Lynch Commodities Europe
- Kepco SPC Power Corporation, Philippines
- SMG Consultants - Indonesia
- Mercator Lines Limited - India
- Alfred C Toepfer International GmbH - Germany
- Dalmia Cement Bharat India
- Ambuja Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- London Commodity Brokers - England
- Trasteel International SA, Italy
- Sindya Power Generating Company Private Ltd
- MS Steel International - UAE
- Power Finance Corporation Ltd., India
- Bangladesh Power Developement Board
- PowerSource Philippines DevCo
- Singapore Mercantile Exchange
- Central Java Power - Indonesia
- Sarangani Energy Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Energy Link Ltd, New Zealand
- Kartika Selabumi Mining - Indonesia
- Coal and Oil Company - UAE
- Gujarat Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Straits Asia Resources Limited - Singapore
- Barasentosa Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- ICICI Bank Limited - India
- Cigading International Bulk Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Finance - Indonesia
- Jindal Steel & Power Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Mining Services - Indonesia
- New Zealand Coal & Carbon
- Leighton Contractors Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Cement Manufacturers Association - India
- Grasim Industreis Ltd - India
- Bharathi Cement Corporation - India
- TeaM Sual Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Binh Thuan Hamico - Vietnam
- IEA Clean Coal Centre - UK
- Eastern Coal Council - USA
- Essar Steel Hazira Ltd - India
- Commonwealth Bank - Australia
- Standard Chartered Bank - UAE
- Bulk Trading Sa - Switzerland
- Meenaskhi Energy Private Limited - India
- Makarim & Taira - Indonesia
- Petron Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Minerals Council of Australia
- GVK Power & Infra Limited - India
- Goldman Sachs - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Mines - Canada
- Kideco Jaya Agung - Indonesia
- Indo Tambangraya Megah - Indonesia
- Baramulti Group, Indonesia
- Formosa Plastics Group - Taiwan
- Bhushan Steel Limited - India
- Billiton Holdings Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Central Electricity Authority - India
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