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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, 29 August 16
THE 5000 GAR THERMAL COAL INDEX HAS STRENGTHENED BY 9.90% SINCE JANUARY
COALspot.com: A rally in thermal coal prices over the past few months, after years of decline, is still continuing upward and it is expected to ral ...
Monday, 29 August 16
THE FREIGHT MARKET WAS STEADY AND FIRM THIS PAST WEEK; BCI ROSE 18.74%
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose and ending in a positive note this past week except ...
Friday, 26 August 16
WEEKLY US COAL OUTPUT UP 0.7% W/W TO 16 MMST: EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16 million short tons ...
Thursday, 25 August 16
SUPRAMAXES ARE BEING FIXED IN REGION OF $9000
Supramax
Due to Chinese coal imports which continues to source much of the tonnage in SE Asia combined with a good flow of mineral exports ex Aus ...
Wednesday, 24 August 16
MARKET INSIGHT
Brazil and the world bid farewell on Sunday to the first Olympic Games in South America in the midst of a finale meant to be both one last bash and ...
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Showing 2306 to 2310 news of total 6871 |
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- Indika Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining Corp, Philippines
- SMG Consultants - Indonesia
- Intertek Mineral Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- GN Power Mariveles Coal Plant, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Kohat Cement Company Ltd. - Pakistan
- Jorong Barutama Greston.PT - Indonesia
- Coalindo Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wood Mackenzie - Singapore
- San Jose City I Power Corp, Philippines
- CIMB Investment Bank - Malaysia
- Merrill Lynch Commodities Europe
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Carbofer General Trading SA - India
- Kalimantan Lumbung Energi - Indonesia
- Central Java Power - Indonesia
- Therma Luzon, Inc, Philippines
- Tata Chemicals Ltd - India
- Jaiprakash Power Ventures ltd
- PTC India Limited - India
- Kumho Petrochemical, South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Sarangani Energy Corporation, Philippines
- Interocean Group of Companies - India
- Kartika Selabumi Mining - Indonesia
- The Treasury - Australian Government
- Minerals Council of Australia
- Tamil Nadu electricity Board
- Standard Chartered Bank - UAE
- Gujarat Sidhee Cement - India
- Indian Energy Exchange, India
- Ambuja Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Port Waratah Coal Services - Australia
- Semirara Mining and Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Madhucon Powers Ltd - India
- Wilmar Investment Holdings
- Eastern Coal Council - USA
- Electricity Generating Authority of Thailand
- Georgia Ports Authority, United States
- Billiton Holdings Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Simpson Spence & Young - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Cigading International Bulk Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Edison Trading Spa - Italy
- Coal and Oil Company - UAE
- Ind-Barath Power Infra Limited - India
- Energy Link Ltd, New Zealand
- Thai Mozambique Logistica
- Vedanta Resources Plc - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cement Manufacturers Association - India
- Baramulti Group, Indonesia
- Economic Council, Georgia
- TNB Fuel Sdn Bhd - Malaysia
- Globalindo Alam Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Romanian Commodities Exchange
- Banpu Public Company Limited - Thailand
- Parry Sugars Refinery, India
- IEA Clean Coal Centre - UK
- ICICI Bank Limited - India
- Grasim Industreis Ltd - India
- Bhatia International Limited - India
- Siam City Cement PLC, Thailand
- Sree Jayajothi Cements Limited - India
- Bulk Trading Sa - Switzerland
- Oldendorff Carriers - Singapore
- Meralco Power Generation, Philippines
- Agrawal Coal Company - India
- Chettinad Cement Corporation Ltd - India
- Star Paper Mills Limited - India
- Sical Logistics Limited - India
- European Bulk Services B.V. - Netherlands
- Directorate Of Revenue Intelligence - India
- Mintek Dendrill Indonesia
- Karbindo Abesyapradhi - Indoneisa
- The University of Queensland
- PowerSource Philippines DevCo
- Bukit Makmur.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Straits Asia Resources Limited - Singapore
- GMR Energy Limited - India
- Power Finance Corporation Ltd., India
- Parliament of New Zealand
- LBH Netherlands Bv - Netherlands
- Australian Commodity Traders Exchange
- Electricity Authority, New Zealand
- Sojitz Corporation - Japan
- Holcim Trading Pte Ltd - Singapore
- Makarim & Taira - Indonesia
- Lanco Infratech Ltd - India
- Global Coal Blending Company Limited - Australia
- Kobexindo Tractors - Indoneisa
- Latin American Coal - Colombia
- Global Green Power PLC Corporation, Philippines
- MS Steel International - UAE
- Krishnapatnam Port Company Ltd. - India
- Xindia Steels Limited - India
- Sakthi Sugars Limited - India
- India Bulls Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Meenaskhi Energy Private Limited - India
- Videocon Industries ltd - India
- Ministry of Finance - Indonesia
- Mercuria Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Trasteel International SA, Italy
- Maheswari Brothers Coal Limited - India
- Uttam Galva Steels Limited - India
- The State Trading Corporation of India Ltd
- Malabar Cements Ltd - India
- McConnell Dowell - Australia
- Aboitiz Power Corporation - Philippines
- Central Electricity Authority - India
- Kaltim Prima Coal - Indonesia
- Heidelberg Cement - Germany
- Independent Power Producers Association of India
- Sinarmas Energy and Mining - Indonesia
- Energy Development Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Marubeni Corporation - India
- Renaissance Capital - South Africa
- SN Aboitiz Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Miang Besar Coal Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Singapore Mercantile Exchange
- London Commodity Brokers - England
- Global Business Power Corporation, Philippines
- Bangladesh Power Developement Board
- Bhushan Steel Limited - India
- Salva Resources Pvt Ltd - India
- Indian Oil Corporation Limited
- Chamber of Mines of South Africa
- Kapuas Tunggal Persada - Indonesia
- Eastern Energy - Thailand
- Sindya Power Generating Company Private Ltd
- Iligan Light & Power Inc, Philippines
- White Energy Company Limited
- Larsen & Toubro Limited - India
- Bayan Resources Tbk. - Indonesia
- SMC Global Power, Philippines
- Indo Tambangraya Megah - Indonesia
- Indonesian Coal Mining Association
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- Vizag Seaport Private Limited - India
- Goldman Sachs - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- New Zealand Coal & Carbon
- Leighton Contractors Pty Ltd - Australia
- CNBM International Corporation - China
- Petron Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Antam Resourcindo - Indonesia
- Essar Steel Hazira Ltd - India
- Ministry of Mines - Canada
- Rio Tinto Coal - Australia
- Commonwealth Bank - Australia
- Orica Australia Pty. Ltd.
- Rashtriya Ispat Nigam Limited - India
- South Luzon Thermal Energy Corporation
- Dalmia Cement Bharat India
- Planning Commission, India
- Kepco SPC Power Corporation, Philippines
- Siam City Cement - Thailand
- Mercator Lines Limited - India
- VISA Power Limited - India
- Attock Cement Pakistan Limited
- Bharathi Cement Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- ASAPP Information Group - India
- Samtan Co., Ltd - South Korea
- Australian Coal Association
- Aditya Birla Group - India
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- Orica Mining Services - Indonesia
- Price Waterhouse Coopers - Russia
- Thiess Contractors Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Karaikal Port Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- GVK Power & Infra Limited - India
- Metalloyd Limited - United Kingdom
- Bhoruka Overseas - Indonesia
- Medco Energi Mining Internasional
- Ministry of Transport, Egypt
- Directorate General of MIneral and Coal - Indonesia
- Jindal Steel & Power Ltd - India
- International Coal Ventures Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Riau Bara Harum - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Altura Mining Limited, Indonesia
- Toyota Tsusho Corporation, Japan
- Savvy Resources Ltd - HongKong
- Indogreen Group - Indonesia
- Posco Energy - South Korea
- Anglo American - United Kingdom
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