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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, 25 October 17
COAL MARKETS REMAINED SUBDUED - DANIEL HYNES
Coal markets remained subdued.
Daniel Hynes, Senior Commodity Strategist at ANZ, Coking coal prices were unchanged amid an absence of fresh of ...
Wednesday, 25 October 17
SHIPPING MARKET REPORT - INTERMODAL
While the majority of perspective Buyers in the dry bulk second-hand market is currently focusing on modern tonnage, there is also increased activi ...
Tuesday, 24 October 17
KOMIPO INVITED BIDS FOR MIN. 4600 NAR BLENDED SUB-BITUMINOUS COAL OF INDONESIAN ORIGIN FOR BORYEONG OR NEW BORYEONG POWER PLANT
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued an another new tender for 5,000,000 Metric Tons of blended sub-bi ...
Tuesday, 24 October 17
CHINA'S INSATIABLE APPETITE FOR THIS ENERGY COMMODITY CONTINUES STRONG - GEORGE LAZARIDIS
Crude oil prices have been seeing some support emerge this past week as supply disruptions in Iraq and a drop in US drilling has helped bolster oil ...
Friday, 20 October 17
U.S COAL PRODUCTION FELL 1.45 PER CENT WEEK OVER WEEK - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 14.9 million short ton ...
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Showing 1906 to 1910 news of total 6871 |
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- Kepco SPC Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Salva Resources Pvt Ltd - India
- Star Paper Mills Limited - India
- Borneo Indobara - Indonesia
- Savvy Resources Ltd - HongKong
- Gujarat Sidhee Cement - India
- Iligan Light & Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Sical Logistics Limited - India
- AsiaOL BioFuels Corp., Philippines
- Energy Development Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Interocean Group of Companies - India
- Australian Coal Association
- Economic Council, Georgia
- Independent Power Producers Association of India
- Global Green Power PLC Corporation, Philippines
- Orica Australia Pty. Ltd.
- South Luzon Thermal Energy Corporation
- Thai Mozambique Logistica
- London Commodity Brokers - England
- Semirara Mining and Power Corporation, Philippines
- Central Electricity Authority - India
- Oldendorff Carriers - Singapore
- Agrawal Coal Company - India
- Leighton Contractors Pty Ltd - Australia
- Singapore Mercantile Exchange
- Latin American Coal - Colombia
- Binh Thuan Hamico - Vietnam
- LBH Netherlands Bv - Netherlands
- Karaikal Port Pvt Ltd - India
- Edison Trading Spa - Italy
- Central Java Power - Indonesia
- Bulk Trading Sa - Switzerland
- Sindya Power Generating Company Private Ltd
- The State Trading Corporation of India Ltd
- GN Power Mariveles Coal Plant, Philippines
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
- Kalimantan Lumbung Energi - Indonesia
- Indika Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Dalmia Cement Bharat India
- Larsen & Toubro Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Miang Besar Coal Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Chettinad Cement Corporation Ltd - India
- Ministry of Mines - Canada
- Xindia Steels Limited - India
- Parry Sugars Refinery, India
- CNBM International Corporation - China
- Cement Manufacturers Association - India
- Ceylon Electricity Board - Sri Lanka
- SMG Consultants - Indonesia
- Wilmar Investment Holdings
- Offshore Bulk Terminal Pte Ltd, Singapore
- Power Finance Corporation Ltd., India
- Lanco Infratech Ltd - India
- Indogreen Group - Indonesia
- Simpson Spence & Young - Indonesia
- Bhatia International Limited - India
- Petron Corporation, Philippines
- Goldman Sachs - Singapore
- Eastern Coal Council - USA
- Mjunction Services Limited - India
- Coal and Oil Company - UAE
- Coastal Gujarat Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Sarangani Energy Corporation, Philippines
- Commonwealth Bank - Australia
- MS Steel International - UAE
- Rio Tinto Coal - Australia
- Meralco Power Generation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Altura Mining Limited, Indonesia
- Riau Bara Harum - Indonesia
- Bayan Resources Tbk. - Indonesia
- Metalloyd Limited - United Kingdom
- Ministry of Transport, Egypt
- Mercuria Energy - Indonesia
- Aditya Birla Group - India
- Cigading International Bulk Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Tamil Nadu electricity Board
- Kapuas Tunggal Persada - Indonesia
- Jaiprakash Power Ventures ltd
- White Energy Company Limited
- Anglo American - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vijayanagar Sugar Pvt Ltd - India
- Madhucon Powers Ltd - India
- McConnell Dowell - Australia
- Sojitz Corporation - Japan
- Mercator Lines Limited - India
- Therma Luzon, Inc, Philippines
- Barasentosa Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- GMR Energy Limited - India
- OPG Power Generation Pvt Ltd - India
- ASAPP Information Group - India
- Standard Chartered Bank - UAE
- Tata Chemicals Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Manunggal Multi Energi - Indonesia
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Gujarat Mineral Development Corp Ltd - India
- VISA Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Antam Resourcindo - Indonesia
- Ind-Barath Power Infra Limited - India
- Carbofer General Trading SA - India
- Kumho Petrochemical, South Korea
- Heidelberg Cement - Germany
- Globalindo Alam Lestari - Indonesia
- Posco Energy - South Korea
- Eastern Energy - Thailand
- Makarim & Taira - Indonesia
- Minerals Council of Australia
- Vizag Seaport Private Limited - India
- GVK Power & Infra Limited - India
- PTC India Limited - India
- Formosa Plastics Group - Taiwan
- Kartika Selabumi Mining - Indonesia
- IEA Clean Coal Centre - UK
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- Chamber of Mines of South Africa
- Gujarat Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Australian Commodity Traders Exchange
- Rashtriya Ispat Nigam Limited - India
- Directorate Of Revenue Intelligence - India
- Electricity Authority, New Zealand
- Indian Oil Corporation Limited
- Orica Mining Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Videocon Industries ltd - India
- IHS Mccloskey Coal Group - USA
- PetroVietnam Power Coal Import and Supply Company
- Straits Asia Resources Limited - Singapore
- Planning Commission, India
- Indonesian Coal Mining Association
- Romanian Commodities Exchange
- Billiton Holdings Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Indian Energy Exchange, India
- Marubeni Corporation - India
- Deloitte Consulting - India
- Bukit Baiduri Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Bhoruka Overseas - Indonesia
- Siam City Cement PLC, Thailand
- Global Coal Blending Company Limited - Australia
- India Bulls Power Limited - India
- Renaissance Capital - South Africa
- Global Business Power Corporation, Philippines
- Parliament of New Zealand
- Electricity Generating Authority of Thailand
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining Corp, Philippines
- PowerSource Philippines DevCo
- Wood Mackenzie - Singapore
- Toyota Tsusho Corporation, Japan
- The Treasury - Australian Government
- Africa Commodities Group - South Africa
- TeaM Sual Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Grasim Industreis Ltd - India
- SMC Global Power, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Bharathi Cement Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Malabar Cements Ltd - India
- Ambuja Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Mintek Dendrill Indonesia
- San Jose City I Power Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Port Waratah Coal Services - Australia
- Bangladesh Power Developement Board
- Bhushan Steel Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Pendopo Energi Batubara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Finance - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Makmur.PT - Indonesia
- ICICI Bank Limited - India
- The University of Queensland
- Aboitiz Power Corporation - Philippines
- Coalindo Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Jindal Steel & Power Ltd - India
- Medco Energi Mining Internasional
- Neyveli Lignite Corporation Ltd, - India
- Vedanta Resources Plc - India
- Meenaskhi Energy Private Limited - India
- Kaltim Prima Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
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