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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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Tuesday, 17 October 17
SULPHUR 2020: COMING, READY OR NOT - ALIBRA SHIPPING
Some 70% of shipping companies surveyed say they do not believe the industry is ready for IMO’s 2020 deadline, when a global limit of 0.5% su ...
Tuesday, 17 October 17
U.S RECORD EXPORTS OIL TO EAST HAS HELPED THE TANKER TRADE - GEORGE LAZARIDIS
There was a flood of fresh news this week which clouded the overall prospects of the crude oil market. Just one week prior Saudi Arabia and Russia, ...
Monday, 16 October 17
INDONESIA TO INDIA COAL FREIGHT RATES STAY FIRM
COALspot.com: The daily average earnings for Supramax, for the route Indonesia to India passing through Singapore has stayed firm, week over week, ...
Friday, 13 October 17
INDIKA ENERGY SIGNS SHARE PURCHASE AGREEMENTS FOR AN ADDITIONAL 45% STAKE IN KIDECO
PT Indika Energy Tbk. and its wholly-owned subsidiary PT Indika Inti Corpindo (collectively, “Indika Energy”) has entered into separate ...
Friday, 13 October 17
THE SHORT-TERM OUTLOOK FOR THE PANAMAX MARKET REMAIN POSITIVE - FEARNLEYS
Supramax
The market has picked up strongly since last week with the Chinese holidays. In the Pacific rates are increasing with some strong number ...
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Showing 1911 to 1915 news of total 6871 |
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- SMG Consultants - Indonesia
- Toyota Tsusho Corporation, Japan
- Heidelberg Cement - Germany
- Grasim Industreis Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Meralco Power Generation, Philippines
- Sojitz Corporation - Japan
- Kumho Petrochemical, South Korea
- Iligan Light & Power Inc, Philippines
- Wilmar Investment Holdings
- Bhoruka Overseas - Indonesia
- Aboitiz Power Corporation - Philippines
- India Bulls Power Limited - India
- Salva Resources Pvt Ltd - India
- Singapore Mercantile Exchange
- Goldman Sachs - Singapore
- Savvy Resources Ltd - HongKong
- Ministry of Finance - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Bhushan Steel Limited - India
- SMC Global Power, Philippines
- Parry Sugars Refinery, India
- Latin American Coal - Colombia
- Baramulti Group, Indonesia
- Binh Thuan Hamico - Vietnam
- Mjunction Services Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Renaissance Capital - South Africa
- Timah Investasi Mineral - Indoneisa
- Oldendorff Carriers - Singapore
- Sree Jayajothi Cements Limited - India
- Jaiprakash Power Ventures ltd
- Indian Energy Exchange, India
- Standard Chartered Bank - UAE
- Bukit Baiduri Energy - Indonesia
- Makarim & Taira - Indonesia
- Sinarmas Energy and Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- Siam City Cement - Thailand
- Energy Development Corp, Philippines
- Mintek Dendrill Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercuria Energy - Indonesia
- Central Java Power - Indonesia
- Eastern Coal Council - USA
- Coal and Oil Company - UAE
- Petron Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- MS Steel International - UAE
- Kartika Selabumi Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- ASAPP Information Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ind-Barath Power Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Mercator Lines Limited - India
- Vedanta Resources Plc - India
- Agrawal Coal Company - India
- Larsen & Toubro Limited - India
- Banpu Public Company Limited - Thailand
- Rio Tinto Coal - Australia
- Bharathi Cement Corporation - India
- Gujarat Electricity Regulatory Commission - India
- Maharashtra Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Sical Logistics Limited - India
- Semirara Mining and Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Attock Cement Pakistan Limited
- Rashtriya Ispat Nigam Limited - India
- Central Electricity Authority - India
- Indo Tambangraya Megah - Indonesia
- CIMB Investment Bank - Malaysia
- GMR Energy Limited - India
- Straits Asia Resources Limited - Singapore
- Deloitte Consulting - India
- Bahari Cakrawala Sebuku - Indonesia
- Indonesian Coal Mining Association
- Bhatia International Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Electricity Generating Authority of Thailand
- European Bulk Services B.V. - Netherlands
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Marubeni Corporation - India
- Independent Power Producers Association of India
- Semirara Mining Corp, Philippines
- Minerals Council of Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Thai Mozambique Logistica
- Eastern Energy - Thailand
- PTC India Limited - India
- McConnell Dowell - Australia
- Coalindo Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement PLC, Thailand
- Miang Besar Coal Terminal - Indonesia
- Chamber of Mines of South Africa
- Indogreen Group - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Riau Bara Harum - Indonesia
- Metalloyd Limited - United Kingdom
- Lanco Infratech Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Georgia Ports Authority, United States
- Carbofer General Trading SA - India
- Sindya Power Generating Company Private Ltd
- South Luzon Thermal Energy Corporation
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Power Finance Corporation Ltd., India
- Antam Resourcindo - Indonesia
- Electricity Authority, New Zealand
- ICICI Bank Limited - India
- The Treasury - Australian Government
- Posco Energy - South Korea
- London Commodity Brokers - England
- Xindia Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Bangladesh Power Developement Board
- Orica Australia Pty. Ltd.
- Sakthi Sugars Limited - India
- Trasteel International SA, Italy
- Pendopo Energi Batubara - Indonesia
- Borneo Indobara - Indonesia
- Essar Steel Hazira Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Anglo American - United Kingdom
- Ministry of Mines - Canada
- The University of Queensland
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- Planning Commission, India
- Altura Mining Limited, Indonesia
- Aditya Birla Group - India
- Bukit Makmur.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Port Waratah Coal Services - Australia
- GAC Shipping (India) Pvt Ltd
- Formosa Plastics Group - Taiwan
- Medco Energi Mining Internasional
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Videocon Industries ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Link Ltd, New Zealand
- Bayan Resources Tbk. - Indonesia
- Wood Mackenzie - Singapore
- Gujarat Sidhee Cement - India
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Transport, Egypt
- IHS Mccloskey Coal Group - USA
- New Zealand Coal & Carbon
- Dalmia Cement Bharat India
- LBH Netherlands Bv - Netherlands
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Star Paper Mills Limited - India
- AsiaOL BioFuels Corp., Philippines
- Commonwealth Bank - Australia
- Ambuja Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- VISA Power Limited - India
- Global Business Power Corporation, Philippines
- Interocean Group of Companies - India
- Orica Mining Services - Indonesia
- Coastal Gujarat Power Limited - India
- Vizag Seaport Private Limited - India
- Indika Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Edison Trading Spa - Italy
- CNBM International Corporation - China
- Malabar Cements Ltd - India
- IEA Clean Coal Centre - UK
- The State Trading Corporation of India Ltd
- Global Coal Blending Company Limited - Australia
- Australian Commodity Traders Exchange
- GVK Power & Infra Limited - India
- Africa Commodities Group - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Uttam Galva Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- White Energy Company Limited
- TNB Fuel Sdn Bhd - Malaysia
- Jindal Steel & Power Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Intertek Mineral Services - Indonesia
- Price Waterhouse Coopers - Russia
- Therma Luzon, Inc, Philippines
- Cement Manufacturers Association - India
- Thiess Contractors Indonesia
- San Jose City I Power Corp, Philippines
- Kaltim Prima Coal - Indonesia
- PowerSource Philippines DevCo
- Sarangani Energy Corporation, Philippines
- Parliament of New Zealand
- Global Green Power PLC Corporation, Philippines
- Romanian Commodities Exchange
- Economic Council, Georgia
- Chettinad Cement Corporation Ltd - India
- Tamil Nadu electricity Board
- Alfred C Toepfer International GmbH - Germany
- Globalindo Alam Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Simpson Spence & Young - Indonesia
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