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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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Thursday, 15 September 16
INDONESIA MAY FACE A COAL CRISIS BY 2035!
COALspot.com: Indonesia is the world’s fourth-largest coal producer and the world’s largest thermal coal exporter may face a coal crisi ...
Thursday, 15 September 16
CAPESIZE: LAST WEEK ENDED ON A VERY STRONG NOTE MAINLY DRIVEN BY A ACTIVE BRAZIL MARKET - FEARNLYS
Supramax
With holidays in the eastern hemisphere beginning this week, the sentiment and activity level has been decreasing.
In the Pacific, ...
Wednesday, 14 September 16
THE DRY BULK MARKET REACHED LEVELS LAST SEEN BACK IN 2015 - INTERMODAL
In an earlier column we commented that we are undergoing “shipping’s new (ab)normal” with constrained financing, shift in demand ...
Wednesday, 14 September 16
THE PORT OF NEWCASTLE SHIPPED 12.48 MMT OF COAL IN AUGUST; AVERAGE SELLING PRICE WAS $AU 83.33
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port has shipped $AU $1,040.4 ...
Tuesday, 13 September 16
CAPESIZE: BIG STRENGTH SEEN IN THE MARKET THIS WEEK - ALLIED
Capesize - Big strength seen in the market this week, with an upbeat in sentiment amongst owners helping pull up rates fairly quickly and many hold ...
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Showing 2286 to 2290 news of total 6871 |
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- Lanco Infratech Ltd - India
- Interocean Group of Companies - India
- Karaikal Port Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Electricity Authority - India
- Aditya Birla Group - India
- Chettinad Cement Corporation Ltd - India
- The Treasury - Australian Government
- Oldendorff Carriers - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Africa Commodities Group - South Africa
- Coalindo Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Commonwealth Bank - Australia
- Tata Chemicals Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- London Commodity Brokers - England
- Kartika Selabumi Mining - Indonesia
- Electricity Generating Authority of Thailand
- Borneo Indobara - Indonesia
- PNOC Exploration Corporation - Philippines
- Malabar Cements Ltd - India
- Energy Development Corp, Philippines
- India Bulls Power Limited - India
- Simpson Spence & Young - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Meralco Power Generation, Philippines
- Jaiprakash Power Ventures ltd
- Indian Oil Corporation Limited
- Toyota Tsusho Corporation, Japan
- Wilmar Investment Holdings
- Vedanta Resources Plc - India
- LBH Netherlands Bv - Netherlands
- Aboitiz Power Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Agrawal Coal Company - India
- Madhucon Powers Ltd - India
- Uttam Galva Steels Limited - India
- Sojitz Corporation - Japan
- New Zealand Coal & Carbon
- Banpu Public Company Limited - Thailand
- Rio Tinto Coal - Australia
- Videocon Industries ltd - India
- Riau Bara Harum - Indonesia
- Australian Commodity Traders Exchange
- Central Java Power - Indonesia
- Trasteel International SA, Italy
- Indogreen Group - Indonesia
- Bhatia International Limited - India
- ICICI Bank Limited - India
- Grasim Industreis Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Bharathi Cement Corporation - India
- The State Trading Corporation of India Ltd
- Singapore Mercantile Exchange
- GVK Power & Infra Limited - India
- Latin American Coal - Colombia
- Timah Investasi Mineral - Indoneisa
- Mercator Lines Limited - India
- Thai Mozambique Logistica
- Coastal Gujarat Power Limited - India
- Anglo American - United Kingdom
- Sical Logistics Limited - India
- Renaissance Capital - South Africa
- Parliament of New Zealand
- Maheswari Brothers Coal Limited - India
- Ministry of Finance - Indonesia
- Indian Energy Exchange, India
- Jorong Barutama Greston.PT - Indonesia
- Jindal Steel & Power Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Maharashtra Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- SN Aboitiz Power Inc, Philippines
- Marubeni Corporation - India
- Minerals Council of Australia
- Cigading International Bulk Terminal - Indonesia
- White Energy Company Limited
- Ceylon Electricity Board - Sri Lanka
- Globalindo Alam Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Planning Commission, India
- Kobexindo Tractors - Indoneisa
- Makarim & Taira - Indonesia
- Kideco Jaya Agung - Indonesia
- Port Waratah Coal Services - Australia
- Wood Mackenzie - Singapore
- Kepco SPC Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Deloitte Consulting - India
- Manunggal Multi Energi - Indonesia
- Parry Sugars Refinery, India
- Kaltim Prima Coal - Indonesia
- Eastern Energy - Thailand
- Electricity Authority, New Zealand
- Ministry of Mines - Canada
- Bhoruka Overseas - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Baramulti Group, Indonesia
- SMC Global Power, Philippines
- Economic Council, Georgia
- Directorate Of Revenue Intelligence - India
- Altura Mining Limited, Indonesia
- Meenaskhi Energy Private Limited - India
- Global Coal Blending Company Limited - Australia
- Intertek Mineral Services - Indonesia
- Salva Resources Pvt Ltd - India
- Vizag Seaport Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Edison Trading Spa - Italy
- Merrill Lynch Commodities Europe
- San Jose City I Power Corp, Philippines
- Bangladesh Power Developement Board
- GAC Shipping (India) Pvt Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Krishnapatnam Port Company Ltd. - India
- Posco Energy - South Korea
- Bukit Makmur.PT - Indonesia
- Gujarat Sidhee Cement - India
- Iligan Light & Power Inc, Philippines
- PowerSource Philippines DevCo
- Binh Thuan Hamico - Vietnam
- TeaM Sual Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Romanian Commodities Exchange
- Mjunction Services Limited - India
- Eastern Coal Council - USA
- Sarangani Energy Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Thiess Contractors Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Larsen & Toubro Limited - India
- VISA Power Limited - India
- Star Paper Mills Limited - India
- Bhushan Steel Limited - India
- Holcim Trading Pte Ltd - Singapore
- Indo Tambangraya Megah - Indonesia
- Barasentosa Lestari - Indonesia
- Energy Link Ltd, New Zealand
- The University of Queensland
- Heidelberg Cement - Germany
- Petron Corporation, Philippines
- IEA Clean Coal Centre - UK
- Kapuas Tunggal Persada - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Dalmia Cement Bharat India
- Straits Asia Resources Limited - Singapore
- ASAPP Information Group - India
- Ambuja Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Transport, Egypt
- SMG Consultants - Indonesia
- Mintek Dendrill Indonesia
- Essar Steel Hazira Ltd - India
- Kumho Petrochemical, South Korea
- Therma Luzon, Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Goldman Sachs - Singapore
- CIMB Investment Bank - Malaysia
- Indonesian Coal Mining Association
- Siam City Cement PLC, Thailand
- Chamber of Mines of South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Independent Power Producers Association of India
- Sinarmas Energy and Mining - Indonesia
- Antam Resourcindo - Indonesia
- McConnell Dowell - Australia
- Georgia Ports Authority, United States
- Alfred C Toepfer International GmbH - Germany
- Medco Energi Mining Internasional
- Attock Cement Pakistan Limited
- GMR Energy Limited - India
- Siam City Cement - Thailand
- MS Steel International - UAE
- Ind-Barath Power Infra Limited - India
- Samtan Co., Ltd - South Korea
- South Luzon Thermal Energy Corporation
- Price Waterhouse Coopers - Russia
- European Bulk Services B.V. - Netherlands
- Pendopo Energi Batubara - Indonesia
- Standard Chartered Bank - UAE
- Australian Coal Association
- PTC India Limited - India
- Sree Jayajothi Cements Limited - India
- Tamil Nadu electricity Board
- Global Business Power Corporation, Philippines
- Xindia Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining Corp, Philippines
- Carbofer General Trading SA - India
- OPG Power Generation Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Power Finance Corporation Ltd., India
- Indika Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IHS Mccloskey Coal Group - USA
- Sindya Power Generating Company Private Ltd
- Sakthi Sugars Limited - India
- CNBM International Corporation - China
- Cement Manufacturers Association - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coal and Oil Company - UAE
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