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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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Friday, 08 December 17
U.S. WEEKLY COAL PRODUCTION UP 11.6 PER CENT WEEK OVER WEEK, EIA DATA SHOWS
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.7 million short ton ...
Thursday, 07 December 17
SUPRAMAX: CHINA TO INDIA FIXING AT MID US$ 8000 - FEARNLEYS
Supramax
There has been quite some activity in the Atlantic basin this week, rates out of USG are still firm, trips to Emed gone through at low/m ...
Thursday, 07 December 17
THE ROLE OF COAL - AN INCONVENIENT TRUTH - BENJAMIN SPORTON, WCA
At the climate talks in Bonn, a global alliance to phase out coal was launched. This, along with other rhetoric about developments in the energy se ...
Wednesday, 06 December 17
SHIPPING MARKET INSIGHT - VASILIS VASILEIOU
Moving towards the end of 2017, we are facing a relatively slack period of business in the ship repair sector. The repair market has already mature ...
Tuesday, 05 December 17
DOES BITCOIN HAVE A FUTURE IN SHIPPING? - ALIBRA SHIPPING
Google now receives more search requests for Bitcoin than for Kim Kardashian, Beyoncé and Taylor Swift combined. This week, a shipping compa ...
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Showing 1856 to 1860 news of total 6871 |
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- Interocean Group of Companies - India
- Bangladesh Power Developement Board
- PetroVietnam Power Coal Import and Supply Company
- Miang Besar Coal Terminal - Indonesia
- Borneo Indobara - Indonesia
- Goldman Sachs - Singapore
- Meenaskhi Energy Private Limited - India
- Bharathi Cement Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Wilmar Investment Holdings
- Kalimantan Lumbung Energi - Indonesia
- The Treasury - Australian Government
- Sakthi Sugars Limited - India
- AsiaOL BioFuels Corp., Philippines
- Gujarat Mineral Development Corp Ltd - India
- McConnell Dowell - Australia
- Orica Australia Pty. Ltd.
- Sree Jayajothi Cements Limited - India
- Jorong Barutama Greston.PT - Indonesia
- London Commodity Brokers - England
- Formosa Plastics Group - Taiwan
- MS Steel International - UAE
- ICICI Bank Limited - India
- Latin American Coal - Colombia
- Romanian Commodities Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Heidelberg Cement - Germany
- Simpson Spence & Young - Indonesia
- Aditya Birla Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tamil Nadu electricity Board
- Dalmia Cement Bharat India
- PTC India Limited - India
- Star Paper Mills Limited - India
- Energy Development Corp, Philippines
- Uttam Galva Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Manunggal Multi Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Timah Investasi Mineral - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Ambuja Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Parliament of New Zealand
- Planning Commission, India
- Grasim Industreis Ltd - India
- Cement Manufacturers Association - India
- CNBM International Corporation - China
- Offshore Bulk Terminal Pte Ltd, Singapore
- Globalindo Alam Lestari - Indonesia
- Siam City Cement - Thailand
- Krishnapatnam Port Company Ltd. - India
- Salva Resources Pvt Ltd - India
- Trasteel International SA, Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thiess Contractors Indonesia
- Anglo American - United Kingdom
- Energy Link Ltd, New Zealand
- Indika Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kideco Jaya Agung - Indonesia
- Indogreen Group - Indonesia
- Coastal Gujarat Power Limited - India
- Central Java Power - Indonesia
- Ministry of Transport, Egypt
- Antam Resourcindo - Indonesia
- New Zealand Coal & Carbon
- Coalindo Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Vizag Seaport Private Limited - India
- Bhatia International Limited - India
- Sical Logistics Limited - India
- Banpu Public Company Limited - Thailand
- PowerSource Philippines DevCo
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IHS Mccloskey Coal Group - USA
- Sinarmas Energy and Mining - Indonesia
- Mercuria Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Mjunction Services Limited - India
- Petron Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Standard Chartered Bank - UAE
- India Bulls Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Leighton Contractors Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Indian Oil Corporation Limited
- Chamber of Mines of South Africa
- Mercator Lines Limited - India
- Jaiprakash Power Ventures ltd
- Neyveli Lignite Corporation Ltd, - India
- Maharashtra Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- IEA Clean Coal Centre - UK
- Gujarat Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- SMC Global Power, Philippines
- Global Business Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Posco Energy - South Korea
- Bulk Trading Sa - Switzerland
- Kumho Petrochemical, South Korea
- Karaikal Port Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Indonesian Coal Mining Association
- Straits Asia Resources Limited - Singapore
- Carbofer General Trading SA - India
- Australian Commodity Traders Exchange
- GAC Shipping (India) Pvt Ltd
- Mintek Dendrill Indonesia
- OPG Power Generation Pvt Ltd - India
- Gujarat Sidhee Cement - India
- SMG Consultants - Indonesia
- Meralco Power Generation, Philippines
- Indian Energy Exchange, India
- Parry Sugars Refinery, India
- Medco Energi Mining Internasional
- Kepco SPC Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Merrill Lynch Commodities Europe
- Central Electricity Authority - India
- Deloitte Consulting - India
- Directorate Of Revenue Intelligence - India
- SN Aboitiz Power Inc, Philippines
- Australian Coal Association
- The University of Queensland
- Sojitz Corporation - Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Oldendorff Carriers - Singapore
- Kartika Selabumi Mining - Indonesia
- Vedanta Resources Plc - India
- Larsen & Toubro Limited - India
- GVK Power & Infra Limited - India
- Makarim & Taira - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- LBH Netherlands Bv - Netherlands
- Thai Mozambique Logistica
- Indo Tambangraya Megah - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bhushan Steel Limited - India
- Metalloyd Limited - United Kingdom
- The State Trading Corporation of India Ltd
- Renaissance Capital - South Africa
- San Jose City I Power Corp, Philippines
- Edison Trading Spa - Italy
- Georgia Ports Authority, United States
- Ind-Barath Power Infra Limited - India
- Semirara Mining Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Minerals Council of Australia
- Marubeni Corporation - India
- Power Finance Corporation Ltd., India
- Malabar Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Economic Council, Georgia
- Bhoruka Overseas - Indonesia
- Orica Mining Services - Indonesia
- Xindia Steels Limited - India
- Essar Steel Hazira Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Videocon Industries ltd - India
- Riau Bara Harum - Indonesia
- Madhucon Powers Ltd - India
- Barasentosa Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Ministry of Mines - Canada
- Commonwealth Bank - Australia
- Global Coal Blending Company Limited - Australia
- Siam City Cement PLC, Thailand
- PNOC Exploration Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Generating Authority of Thailand
- Karbindo Abesyapradhi - Indoneisa
- Eastern Energy - Thailand
- Bayan Resources Tbk. - Indonesia
- Eastern Coal Council - USA
- Baramulti Group, Indonesia
- Maheswari Brothers Coal Limited - India
- Rio Tinto Coal - Australia
- Tata Chemicals Ltd - India
- Africa Commodities Group - South Africa
- Savvy Resources Ltd - HongKong
- Lanco Infratech Ltd - India
- Altura Mining Limited, Indonesia
- Coal and Oil Company - UAE
- Therma Luzon, Inc, Philippines
- Wood Mackenzie - Singapore
- Electricity Authority, New Zealand
- ASAPP Information Group - India
- Jindal Steel & Power Ltd - India
- GMR Energy Limited - India
- VISA Power Limited - India
- Port Waratah Coal Services - Australia
- European Bulk Services B.V. - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Intertek Mineral Services - Indonesia
- White Energy Company Limited
- Pendopo Energi Batubara - Indonesia
- Singapore Mercantile Exchange
- Agrawal Coal Company - India
- Bukit Asam (Persero) Tbk - Indonesia
- Independent Power Producers Association of India
- Binh Thuan Hamico - Vietnam
- Attock Cement Pakistan Limited
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