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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, 12 April 17
SHIPPING MARKET INSIGHT - VASSILIS VASSILIOU
The first quarter of 2017 started relatively busy for the ship repair sector, with most of the repair facilities being nearly fully occupied till t ...
Monday, 10 April 17
THE CAPE INDEX WAS DOWN BY 16.32% WEEK OVER WEEK
COALspot.com: The Freight market was steady week over a week except for Cape. The cape index was down 16.32 percent week over week.
The Baltic ...
Friday, 07 April 17
INDONESIAN GOVERNMENT DECLARED SPOT COAL PRICES STAGE FIRST INCREASE OF THE YEAR
COALspot.com: Indonesian government declared coal benchmark price rose slightly in April, government data showed.
The benchmark price of Indon ...
Friday, 07 April 17
U.S WEEKLY COAL OUTPUT ALMOST FLAT WEEK OVER WEEK - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 14.5 million short tons ...
Thursday, 06 April 17
PANAMAX: THE MARKET HAS CONTINUED THE FIRM SENTIMENT FROM LAST WEEK IN BOTH HEMISPHERES - FEARNLEYS
Supramax
With holidays in Asia, the week has started very slow in Pacific. Some fixtures have still been done and levels have remained quite stab ...
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Showing 2076 to 2080 news of total 6871 |
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- Miang Besar Coal Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Eastern Energy - Thailand
- Latin American Coal - Colombia
- Gujarat Sidhee Cement - India
- Dalmia Cement Bharat India
- Star Paper Mills Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Heidelberg Cement - Germany
- Altura Mining Limited, Indonesia
- Port Waratah Coal Services - Australia
- Timah Investasi Mineral - Indoneisa
- Singapore Mercantile Exchange
- Metalloyd Limited - United Kingdom
- Banpu Public Company Limited - Thailand
- Coal and Oil Company - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Link Ltd, New Zealand
- Kideco Jaya Agung - Indonesia
- Coalindo Energy - Indonesia
- Tamil Nadu electricity Board
- Rio Tinto Coal - Australia
- Formosa Plastics Group - Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Vizag Seaport Private Limited - India
- CNBM International Corporation - China
- Wood Mackenzie - Singapore
- Bayan Resources Tbk. - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Simpson Spence & Young - Indonesia
- Antam Resourcindo - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Riau Bara Harum - Indonesia
- Xindia Steels Limited - India
- Independent Power Producers Association of India
- Toyota Tsusho Corporation, Japan
- Lanco Infratech Ltd - India
- Economic Council, Georgia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Commodity Traders Exchange
- SN Aboitiz Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Sarangani Energy Corporation, Philippines
- Malabar Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Edison Trading Spa - Italy
- Alfred C Toepfer International GmbH - Germany
- GMR Energy Limited - India
- Intertek Mineral Services - Indonesia
- Chamber of Mines of South Africa
- Kohat Cement Company Ltd. - Pakistan
- OPG Power Generation Pvt Ltd - India
- Marubeni Corporation - India
- Orica Australia Pty. Ltd.
- India Bulls Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Larsen & Toubro Limited - India
- PTC India Limited - India
- Anglo American - United Kingdom
- Bhoruka Overseas - Indonesia
- Videocon Industries ltd - India
- Meralco Power Generation, Philippines
- Oldendorff Carriers - Singapore
- TeaM Sual Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Mjunction Services Limited - India
- Trasteel International SA, Italy
- Indian Energy Exchange, India
- Global Coal Blending Company Limited - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Coal Council - USA
- ASAPP Information Group - India
- Samtan Co., Ltd - South Korea
- Cement Manufacturers Association - India
- Electricity Authority, New Zealand
- Iligan Light & Power Inc, Philippines
- Aditya Birla Group - India
- GN Power Mariveles Coal Plant, Philippines
- Central Java Power - Indonesia
- Indogreen Group - Indonesia
- San Jose City I Power Corp, Philippines
- Parry Sugars Refinery, India
- International Coal Ventures Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Manunggal Multi Energi - Indonesia
- Merrill Lynch Commodities Europe
- Kartika Selabumi Mining - Indonesia
- Africa Commodities Group - South Africa
- Deloitte Consulting - India
- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
- Meenaskhi Energy Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Global Business Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Central Electricity Authority - India
- Krishnapatnam Port Company Ltd. - India
- Bukit Asam (Persero) Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Tata Chemicals Ltd - India
- Pendopo Energi Batubara - Indonesia
- Posco Energy - South Korea
- SMG Consultants - Indonesia
- Indika Energy - Indonesia
- Bhushan Steel Limited - India
- Straits Asia Resources Limited - Singapore
- Georgia Ports Authority, United States
- Medco Energi Mining Internasional
- The State Trading Corporation of India Ltd
- Attock Cement Pakistan Limited
- Barasentosa Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Salva Resources Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- IEA Clean Coal Centre - UK
- Essar Steel Hazira Ltd - India
- Price Waterhouse Coopers - Russia
- Bharathi Cement Corporation - India
- Thiess Contractors Indonesia
- Bangladesh Power Developement Board
- White Energy Company Limited
- Thai Mozambique Logistica
- South Luzon Thermal Energy Corporation
- Maheswari Brothers Coal Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parliament of New Zealand
- CIMB Investment Bank - Malaysia
- Goldman Sachs - Singapore
- Energy Development Corp, Philippines
- Commonwealth Bank - Australia
- Ministry of Transport, Egypt
- Karaikal Port Pvt Ltd - India
- Ministry of Mines - Canada
- Therma Luzon, Inc, Philippines
- Australian Coal Association
- PetroVietnam Power Coal Import and Supply Company
- Mercator Lines Limited - India
- Chettinad Cement Corporation Ltd - India
- PNOC Exploration Corporation - Philippines
- Madhucon Powers Ltd - India
- SMC Global Power, Philippines
- Globalindo Alam Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kumho Petrochemical, South Korea
- The University of Queensland
- London Commodity Brokers - England
- Mercuria Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Uttam Galva Steels Limited - India
- Petron Corporation, Philippines
- Baramulti Group, Indonesia
- Kobexindo Tractors - Indoneisa
- Planning Commission, India
- McConnell Dowell - Australia
- Power Finance Corporation Ltd., India
- Sakthi Sugars Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- GAC Shipping (India) Pvt Ltd
- Sical Logistics Limited - India
- Electricity Generating Authority of Thailand
- LBH Netherlands Bv - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Ind-Barath Power Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Makarim & Taira - Indonesia
- Grasim Industreis Ltd - India
- Indian Oil Corporation Limited
- GVK Power & Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Minerals Council of Australia
- VISA Power Limited - India
- Ambuja Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
- Wilmar Investment Holdings
- New Zealand Coal & Carbon
- Semirara Mining Corp, Philippines
- Siam City Cement - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate Of Revenue Intelligence - India
- Vedanta Resources Plc - India
- Sojitz Corporation - Japan
- Holcim Trading Pte Ltd - Singapore
- Renaissance Capital - South Africa
- Kepco SPC Power Corporation, Philippines
- Romanian Commodities Exchange
- Siam City Cement PLC, Thailand
- Cigading International Bulk Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- The Treasury - Australian Government
- TNB Fuel Sdn Bhd - Malaysia
- PowerSource Philippines DevCo
- Indonesian Coal Mining Association
- Binh Thuan Hamico - Vietnam
- Interocean Group of Companies - India
- Standard Chartered Bank - UAE
- Jindal Steel & Power Ltd - India
- MS Steel International - UAE
- Kaltim Prima Coal - Indonesia
- Bhatia International Limited - India
- Orica Mining Services - Indonesia
- ICICI Bank Limited - India
- Leighton Contractors Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Borneo Indobara - Indonesia
- Agrawal Coal Company - India
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