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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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Monday, 14 August 17
THE FREIGHT MARKET CONTINUES ON AN UPWARD PATH
COALspot.com: The freight market was continued to rose this past week compared to the previous week, as BDI, Cape and Panamax indexes show a positi ...
Monday, 14 August 17
IN A PARIS AGREEMENT WORLD, COAL WILL MEET GROWING ASIAN ENERGY NEEDS - BENJAMIN SPORTON
When providing 41% of the world’s electricity, 85% of global cement, 74% of the world’s steel and 60% of the world’s aluminum, co ...
Friday, 11 August 17
KOMIPO INVITES COAL BIDS FOR BORYEONG POWER PLANT
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued an another new tender for total 1,280,000 Metric Tons of Bitumino ...
Friday, 11 August 17
U.S WEEKLY COAL OUTPUT ALMOST FLAT WEEK OVER WEEK, EIA SAYS
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 16.1 million short tonn ...
Thursday, 10 August 17
GLOBAL COAL PRODUCTION FELL SIGNIFICANTLY IN 2016 - IEA
COALspot.com: Global coal production fell significantly in 2016, while global trade in natural gas was up. These are two of the key messages in Wor ...
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Showing 1971 to 1975 news of total 6871 |
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- Kartika Selabumi Mining - Indonesia
- Tamil Nadu electricity Board
- Kobexindo Tractors - Indoneisa
- TeaM Sual Corporation - Philippines
- Bangladesh Power Developement Board
- Marubeni Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- Australian Coal Association
- SMG Consultants - Indonesia
- Pendopo Energi Batubara - Indonesia
- White Energy Company Limited
- Merrill Lynch Commodities Europe
- India Bulls Power Limited - India
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Transport, Egypt
- Siam City Cement - Thailand
- Coastal Gujarat Power Limited - India
- Georgia Ports Authority, United States
- Alfred C Toepfer International GmbH - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Indonesian Coal Mining Association
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining and Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Jindal Steel & Power Ltd - India
- Orica Australia Pty. Ltd.
- Chettinad Cement Corporation Ltd - India
- Directorate Of Revenue Intelligence - India
- Commonwealth Bank - Australia
- Miang Besar Coal Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Indian Energy Exchange, India
- Energy Link Ltd, New Zealand
- Baramulti Group, Indonesia
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- Siam City Cement PLC, Thailand
- Uttam Galva Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- CIMB Investment Bank - Malaysia
- Xindia Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Sojitz Corporation - Japan
- GVK Power & Infra Limited - India
- Straits Asia Resources Limited - Singapore
- San Jose City I Power Corp, Philippines
- Central Java Power - Indonesia
- Interocean Group of Companies - India
- Timah Investasi Mineral - Indoneisa
- PNOC Exploration Corporation - Philippines
- Borneo Indobara - Indonesia
- ASAPP Information Group - India
- Kideco Jaya Agung - Indonesia
- Formosa Plastics Group - Taiwan
- Global Coal Blending Company Limited - Australia
- Bhatia International Limited - India
- Economic Council, Georgia
- CNBM International Corporation - China
- The State Trading Corporation of India Ltd
- PTC India Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- The University of Queensland
- Sarangani Energy Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Metalloyd Limited - United Kingdom
- Ind-Barath Power Infra Limited - India
- Central Electricity Authority - India
- Global Green Power PLC Corporation, Philippines
- Altura Mining Limited, Indonesia
- Eastern Coal Council - USA
- Karbindo Abesyapradhi - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Simpson Spence & Young - Indonesia
- Medco Energi Mining Internasional
- PetroVietnam Power Coal Import and Supply Company
- Riau Bara Harum - Indonesia
- Tata Chemicals Ltd - India
- Gujarat Electricity Regulatory Commission - India
- MS Steel International - UAE
- SMC Global Power, Philippines
- Mjunction Services Limited - India
- Coal and Oil Company - UAE
- Coalindo Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Ministry of Finance - Indonesia
- Indogreen Group - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Romanian Commodities Exchange
- Thiess Contractors Indonesia
- Mercator Lines Limited - India
- Australian Commodity Traders Exchange
- Ministry of Mines - Canada
- Offshore Bulk Terminal Pte Ltd, Singapore
- Singapore Mercantile Exchange
- Minerals Council of Australia
- Vijayanagar Sugar Pvt Ltd - India
- Parry Sugars Refinery, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Madhucon Powers Ltd - India
- Semirara Mining Corp, Philippines
- Vedanta Resources Plc - India
- Wood Mackenzie - Singapore
- Sindya Power Generating Company Private Ltd
- Electricity Generating Authority of Thailand
- Cigading International Bulk Terminal - Indonesia
- Heidelberg Cement - Germany
- Vizag Seaport Private Limited - India
- European Bulk Services B.V. - Netherlands
- Kepco SPC Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Parliament of New Zealand
- SN Aboitiz Power Inc, Philippines
- Trasteel International SA, Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Star Paper Mills Limited - India
- Deloitte Consulting - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Directorate General of MIneral and Coal - Indonesia
- PowerSource Philippines DevCo
- Jorong Barutama Greston.PT - Indonesia
- Indian Oil Corporation Limited
- Dalmia Cement Bharat India
- Sinarmas Energy and Mining - Indonesia
- Indika Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maharashtra Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Lanco Infratech Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Agrawal Coal Company - India
- Oldendorff Carriers - Singapore
- South Luzon Thermal Energy Corporation
- Gujarat Sidhee Cement - India
- Indo Tambangraya Megah - Indonesia
- Malabar Cements Ltd - India
- The Treasury - Australian Government
- Barasentosa Lestari - Indonesia
- Orica Mining Services - Indonesia
- Anglo American - United Kingdom
- Aditya Birla Group - India
- Rio Tinto Coal - Australia
- Latin American Coal - Colombia
- London Commodity Brokers - England
- Planning Commission, India
- GMR Energy Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Manunggal Multi Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- Africa Commodities Group - South Africa
- Eastern Energy - Thailand
- AsiaOL BioFuels Corp., Philippines
- Asmin Koalindo Tuhup - Indonesia
- Bhoruka Overseas - Indonesia
- Maheswari Brothers Coal Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Therma Luzon, Inc, Philippines
- Renaissance Capital - South Africa
- Mintek Dendrill Indonesia
- New Zealand Coal & Carbon
- McConnell Dowell - Australia
- Bhushan Steel Limited - India
- Banpu Public Company Limited - Thailand
- Port Waratah Coal Services - Australia
- Iligan Light & Power Inc, Philippines
- VISA Power Limited - India
- Petron Corporation, Philippines
- Carbofer General Trading SA - India
- Chamber of Mines of South Africa
- Standard Chartered Bank - UAE
- Energy Development Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Videocon Industries ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Electricity Authority, New Zealand
- Power Finance Corporation Ltd., India
- Meralco Power Generation, Philippines
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- Kumho Petrochemical, South Korea
- Cement Manufacturers Association - India
- Meenaskhi Energy Private Limited - India
- Toyota Tsusho Corporation, Japan
- Sakthi Sugars Limited - India
- Bharathi Cement Corporation - India
- Billiton Holdings Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Global Business Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Sical Logistics Limited - India
- Ambuja Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Binh Thuan Hamico - Vietnam
- Goldman Sachs - Singapore
- Independent Power Producers Association of India
- LBH Netherlands Bv - Netherlands
- Posco Energy - South Korea
- Makarim & Taira - Indonesia
- Bukit Baiduri Energy - Indonesia
- Wilmar Investment Holdings
- Sree Jayajothi Cements Limited - India
- Thai Mozambique Logistica
- Holcim Trading Pte Ltd - Singapore
- Antam Resourcindo - Indonesia
- OPG Power Generation Pvt Ltd - India
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