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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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Friday, 19 August 16
U.S. YEAR-TO-DATE COAL PRODUCTION TOTALLED AN ESTIMATED 421.6 MMST
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.8 million short ton ...
Thursday, 18 August 16
CAPESIZE: AN EXTREMELY VOLATILE LAST WEEK, WHERE THE MAIN DRIVER HAS BEEN THE WEST AUSTRALIA MARKET
Supramax
The week has held up. After the most of the world is back at work there is some optimism again in the market. The Far East volume has in ...
Tuesday, 16 August 16
WEEKLY CS42 COAL INDEX SOARS 14.08% YEAR TO DATE AMID HIGH DEMAND
COALspot.com: Average 5000 GAR coal index of Indonesian origin rose 2.37% week over week to averaging $42.84 per ton this past week, shows CS (i) C ...
Monday, 15 August 16
DRY BULK: 2017 COULD MARK THE START OF LOWER SHIP DELIVERIES HELPING TONNAGE SUPPLY ISSUES IN THE MARKET, SAYS SHIPOWNER - HELLENIC SHIPPING NEWS
Dry bulk owner Pacific Basin, mainly active in the Handysize and Supramax trades appeared optimistic in its analysis of the prospects of the dry bu ...
Monday, 15 August 16
INDONESIAN COAL PRICES RALLYING; COAL OUTPUT REMAINS FLAT
COALspot.com: Global thermal coal prices, including Indonesian coal prices have risen sharply due to jump in imports from China as it curbs domesti ...
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Showing 2316 to 2320 news of total 6871 |
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- Petron Corporation, Philippines
- Goldman Sachs - Singapore
- Siam City Cement - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Trasteel International SA, Italy
- Price Waterhouse Coopers - Russia
- Gujarat Mineral Development Corp Ltd - India
- GAC Shipping (India) Pvt Ltd
- Africa Commodities Group - South Africa
- New Zealand Coal & Carbon
- Billiton Holdings Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Thai Mozambique Logistica
- Uttam Galva Steels Limited - India
- Edison Trading Spa - Italy
- Coal and Oil Company - UAE
- Romanian Commodities Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Baiduri Energy - Indonesia
- Deloitte Consulting - India
- Rio Tinto Coal - Australia
- GVK Power & Infra Limited - India
- Mintek Dendrill Indonesia
- Commonwealth Bank - Australia
- Energy Link Ltd, New Zealand
- Indika Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karaikal Port Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- VISA Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- White Energy Company Limited
- Leighton Contractors Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Sarangani Energy Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Semirara Mining Corp, Philippines
- ASAPP Information Group - India
- London Commodity Brokers - England
- Kaltim Prima Coal - Indonesia
- SMC Global Power, Philippines
- CIMB Investment Bank - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Dalmia Cement Bharat India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Offshore Bulk Terminal Pte Ltd, Singapore
- IEA Clean Coal Centre - UK
- Aboitiz Power Corporation - Philippines
- Sojitz Corporation - Japan
- Videocon Industries ltd - India
- Semirara Mining and Power Corporation, Philippines
- Mercator Lines Limited - India
- Renaissance Capital - South Africa
- Directorate Of Revenue Intelligence - India
- Toyota Tsusho Corporation, Japan
- IHS Mccloskey Coal Group - USA
- Bangladesh Power Developement Board
- Heidelberg Cement - Germany
- Coastal Gujarat Power Limited - India
- PTC India Limited - India
- Agrawal Coal Company - India
- Xindia Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Barasentosa Lestari - Indonesia
- Orica Mining Services - Indonesia
- ICICI Bank Limited - India
- GMR Energy Limited - India
- Marubeni Corporation - India
- Interocean Group of Companies - India
- Indonesian Coal Mining Association
- The University of Queensland
- Georgia Ports Authority, United States
- Lanco Infratech Ltd - India
- Manunggal Multi Energi - Indonesia
- Latin American Coal - Colombia
- Vijayanagar Sugar Pvt Ltd - India
- Indian Oil Corporation Limited
- Australian Coal Association
- SN Aboitiz Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Pendopo Energi Batubara - Indonesia
- Bulk Trading Sa - Switzerland
- Binh Thuan Hamico - Vietnam
- Grasim Industreis Ltd - India
- Borneo Indobara - Indonesia
- Bhatia International Limited - India
- Cement Manufacturers Association - India
- India Bulls Power Limited - India
- Ministry of Transport, Egypt
- Power Finance Corporation Ltd., India
- Miang Besar Coal Terminal - Indonesia
- Sical Logistics Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Tamil Nadu electricity Board
- Ambuja Cements Ltd - India
- Global Business Power Corporation, Philippines
- Central Electricity Authority - India
- Ind-Barath Power Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- CNBM International Corporation - China
- McConnell Dowell - Australia
- Makarim & Taira - Indonesia
- Central Java Power - Indonesia
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
- Baramulti Group, Indonesia
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
- Wilmar Investment Holdings
- Cigading International Bulk Terminal - Indonesia
- Medco Energi Mining Internasional
- Larsen & Toubro Limited - India
- Standard Chartered Bank - UAE
- Kumho Petrochemical, South Korea
- Bhushan Steel Limited - India
- LBH Netherlands Bv - Netherlands
- Maheswari Brothers Coal Limited - India
- Indogreen Group - Indonesia
- SMG Consultants - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Therma Luzon, Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Australian Commodity Traders Exchange
- PNOC Exploration Corporation - Philippines
- Independent Power Producers Association of India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Aditya Birla Group - India
- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Sindya Power Generating Company Private Ltd
- Eastern Energy - Thailand
- Minerals Council of Australia
- Indian Energy Exchange, India
- Posco Energy - South Korea
- Jaiprakash Power Ventures ltd
- Ministry of Mines - Canada
- Singapore Mercantile Exchange
- Rashtriya Ispat Nigam Limited - India
- Kartika Selabumi Mining - Indonesia
- Altura Mining Limited, Indonesia
- Iligan Light & Power Inc, Philippines
- The Treasury - Australian Government
- Electricity Authority, New Zealand
- Wood Mackenzie - Singapore
- European Bulk Services B.V. - Netherlands
- Mercuria Energy - Indonesia
- Vedanta Resources Plc - India
- Malabar Cements Ltd - India
- Merrill Lynch Commodities Europe
- Anglo American - United Kingdom
- Bharathi Cement Corporation - India
- Attock Cement Pakistan Limited
- Tata Chemicals Ltd - India
- Meralco Power Generation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Coal Council - USA
- San Jose City I Power Corp, Philippines
- Savvy Resources Ltd - HongKong
- Coalindo Energy - Indonesia
- Madhucon Powers Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Holcim Trading Pte Ltd - Singapore
- Kepco SPC Power Corporation, Philippines
- Economic Council, Georgia
- Kobexindo Tractors - Indoneisa
- Samtan Co., Ltd - South Korea
- Carbofer General Trading SA - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Essar Steel Hazira Ltd - India
- Parliament of New Zealand
- OPG Power Generation Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Planning Commission, India
- TNB Fuel Sdn Bhd - Malaysia
- Globalindo Alam Lestari - Indonesia
- Chamber of Mines of South Africa
- Global Coal Blending Company Limited - Australia
- Electricity Generating Authority of Thailand
- Salva Resources Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- International Coal Ventures Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Energy Development Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Kideco Jaya Agung - Indonesia
- The State Trading Corporation of India Ltd
- Banpu Public Company Limited - Thailand
- Oldendorff Carriers - Singapore
- Jindal Steel & Power Ltd - India
- Star Paper Mills Limited - India
- Antam Resourcindo - Indonesia
- Gujarat Sidhee Cement - India
- Bayan Resources Tbk. - Indonesia
- Mjunction Services Limited - India
- Port Waratah Coal Services - Australia
- PowerSource Philippines DevCo
- Bhoruka Overseas - Indonesia
- Vizag Seaport Private Limited - India
- Riau Bara Harum - Indonesia
- Parry Sugars Refinery, India
- AsiaOL BioFuels Corp., Philippines
- MS Steel International - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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