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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, 22 November 17
THERMAL COAL WAS FLAT AMID CONCERNS OF FURTHER GOVERNMENT INTERVENTION IN CHINA, SAYS DANIEL HYNES
Coal prices were mixed. Thermal coal was flat amid concerns of further government intervention in China, said Daniel Hynes Senior Commodity Strateg ...
Wednesday, 22 November 17
CHINA CONSUMES MORE THAN TWO-THIRDS OF THE GLOBAL SEABORNE IRON ORE MARKET; PRODUCES AS MUCH STEEL AS THE REST OF THE WORLD COMBINED - CHRISTOPHER T. WHITTY
China consumes more than two-thirds of the global seaborne iron ore market and at the same time produces as much steel as the rest of the world com ...
Monday, 20 November 17
INDONESIAN COAL BENCHMARK PRICE SURGES 0.86% TO $94.80 A TON, GOVERNMENT DATA SHOWS
COALspot.com: Indonesian coal benchmark price surges 0.86% in November compared to declared price in October, the latest ministerial decree showed. ...
Friday, 17 November 17
U.S. PRODUCED 678.8 MMST OF COAL YEAR TO DATE; 9% UP Y/Y, EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 14.8 million short ton ...
Thursday, 16 November 17
PANAMAX ACTIVITIES HAVE SLOWED DOWN QUITE SUBSTANTIALLY THE LAST WEEK - FEARNLEYS
Supramax
Another week with rates easing over all the Supra routes within Atlantic.
Front hauls from USG got payed around 21-22k daily and ul ...
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Showing 1871 to 1875 news of total 6871 |
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- Ministry of Transport, Egypt
- Petrochimia International Co. Ltd.- Taiwan
- Australian Commodity Traders Exchange
- Posco Energy - South Korea
- Mintek Dendrill Indonesia
- PowerSource Philippines DevCo
- Simpson Spence & Young - Indonesia
- The State Trading Corporation of India Ltd
- Thiess Contractors Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bukit Asam (Persero) Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- London Commodity Brokers - England
- TeaM Sual Corporation - Philippines
- Aditya Birla Group - India
- Orica Australia Pty. Ltd.
- Bhatia International Limited - India
- Timah Investasi Mineral - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Interocean Group of Companies - India
- Gujarat Mineral Development Corp Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Minerals Council of Australia
- Altura Mining Limited, Indonesia
- Vizag Seaport Private Limited - India
- Essar Steel Hazira Ltd - India
- Mercator Lines Limited - India
- Romanian Commodities Exchange
- Vedanta Resources Plc - India
- Borneo Indobara - Indonesia
- Videocon Industries ltd - India
- Parry Sugars Refinery, India
- AsiaOL BioFuels Corp., Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Oldendorff Carriers - Singapore
- South Luzon Thermal Energy Corporation
- GN Power Mariveles Coal Plant, Philippines
- Rashtriya Ispat Nigam Limited - India
- IHS Mccloskey Coal Group - USA
- New Zealand Coal & Carbon
- Iligan Light & Power Inc, Philippines
- Wilmar Investment Holdings
- Independent Power Producers Association of India
- Riau Bara Harum - Indonesia
- Kumho Petrochemical, South Korea
- Electricity Authority, New Zealand
- Eastern Coal Council - USA
- Metalloyd Limited - United Kingdom
- Bharathi Cement Corporation - India
- Baramulti Group, Indonesia
- GAC Shipping (India) Pvt Ltd
- Antam Resourcindo - Indonesia
- Planning Commission, India
- PNOC Exploration Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- PTC India Limited - India
- Siam City Cement - Thailand
- Tata Chemicals Ltd - India
- SMG Consultants - Indonesia
- Madhucon Powers Ltd - India
- Malabar Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Therma Luzon, Inc, Philippines
- Siam City Cement PLC, Thailand
- McConnell Dowell - Australia
- OPG Power Generation Pvt Ltd - India
- Tamil Nadu electricity Board
- VISA Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Commonwealth Bank - Australia
- Coal and Oil Company - UAE
- Karaikal Port Pvt Ltd - India
- Sojitz Corporation - Japan
- CIMB Investment Bank - Malaysia
- Latin American Coal - Colombia
- Billiton Holdings Pty Ltd - Australia
- Medco Energi Mining Internasional
- TNB Fuel Sdn Bhd - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Marubeni Corporation - India
- Edison Trading Spa - Italy
- Indo Tambangraya Megah - Indonesia
- Formosa Plastics Group - Taiwan
- Energy Link Ltd, New Zealand
- Bayan Resources Tbk. - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Generating Authority of Thailand
- Africa Commodities Group - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Samtan Co., Ltd - South Korea
- Bhushan Steel Limited - India
- Krishnapatnam Port Company Ltd. - India
- Jorong Barutama Greston.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Renaissance Capital - South Africa
- Barasentosa Lestari - Indonesia
- Australian Coal Association
- Thai Mozambique Logistica
- SN Aboitiz Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Power Finance Corporation Ltd., India
- Kepco SPC Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Kideco Jaya Agung - Indonesia
- Sindya Power Generating Company Private Ltd
- Carbofer General Trading SA - India
- Indian Oil Corporation Limited
- Kobexindo Tractors - Indoneisa
- Xindia Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Economic Council, Georgia
- Maheswari Brothers Coal Limited - India
- Uttam Galva Steels Limited - India
- Deloitte Consulting - India
- Kohat Cement Company Ltd. - Pakistan
- The University of Queensland
- Straits Asia Resources Limited - Singapore
- Globalindo Alam Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Goldman Sachs - Singapore
- Attock Cement Pakistan Limited
- Intertek Mineral Services - Indonesia
- Price Waterhouse Coopers - Russia
- Meenaskhi Energy Private Limited - India
- Semirara Mining Corp, Philippines
- Eastern Energy - Thailand
- Kapuas Tunggal Persada - Indonesia
- Salva Resources Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- Mercuria Energy - Indonesia
- Trasteel International SA, Italy
- Dalmia Cement Bharat India
- Sakthi Sugars Limited - India
- Georgia Ports Authority, United States
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The Treasury - Australian Government
- Lanco Infratech Ltd - India
- Bulk Trading Sa - Switzerland
- IEA Clean Coal Centre - UK
- Ind-Barath Power Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Anglo American - United Kingdom
- Rio Tinto Coal - Australia
- White Energy Company Limited
- Alfred C Toepfer International GmbH - Germany
- Parliament of New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- MS Steel International - UAE
- Bhoruka Overseas - Indonesia
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- Orica Mining Services - Indonesia
- Merrill Lynch Commodities Europe
- CNBM International Corporation - China
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Star Paper Mills Limited - India
- Heidelberg Cement - Germany
- San Jose City I Power Corp, Philippines
- Makarim & Taira - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Directorate Of Revenue Intelligence - India
- Jaiprakash Power Ventures ltd
- Vijayanagar Sugar Pvt Ltd - India
- Energy Development Corp, Philippines
- Indian Energy Exchange, India
- Mjunction Services Limited - India
- Indogreen Group - Indonesia
- ICICI Bank Limited - India
- Agrawal Coal Company - India
- Petron Corporation, Philippines
- Ministry of Mines - Canada
- Singapore Mercantile Exchange
- Gujarat Sidhee Cement - India
- SMC Global Power, Philippines
- Port Waratah Coal Services - Australia
- Ambuja Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Chamber of Mines of South Africa
- ASAPP Information Group - India
- Indika Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Binh Thuan Hamico - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Kaltim Prima Coal - Indonesia
- GVK Power & Infra Limited - India
- Indonesian Coal Mining Association
- Central Electricity Authority - India
- Sree Jayajothi Cements Limited - India
- Banpu Public Company Limited - Thailand
- Wood Mackenzie - Singapore
- India Bulls Power Limited - India
- Manunggal Multi Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Cement Manufacturers Association - India
- GMR Energy Limited - India
- LBH Netherlands Bv - Netherlands
- Meralco Power Generation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sinarmas Energy and Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Central Java Power - Indonesia
- Kartika Selabumi Mining - Indonesia
- Sical Logistics Limited - India
- Savvy Resources Ltd - HongKong
- Sarangani Energy Corporation, Philippines
- Larsen & Toubro Limited - India
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