We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 28 July 16
FITCH RAISES CORPORATE OIL PRICE ASSUMPTION FOR 2016 TO USD42
Fitch Ratings has raised the 2016 oil price assumptions it uses when rating energy-sector corporates, but expects record high inventories to slow a ...
Thursday, 28 July 16
LAST WEEK ENDING UP WITH BUSIER TONES FOR SUPRAMAXES NOW COOLING DOWN - FEARNLEYS
Supramax
Last week ending up with busier tones for Supramaxes now cooling down as with index being down to 684. Average daily earnings for Supram ...
Wednesday, 27 July 16
RATES FOR THE SMALLER SIZES OVER-PERFORMED THE MARKET LAST WEEK - INTERMODAL
The decline the BDI noted last week was somewhat expected given the fact that the market has been overall firming for almost a month no ...
Wednesday, 27 July 16
GLOBAL OIL SUPPLY IS EXPECTED TO REMAIN HIGHER THAN GLOBAL CONSUMPTION IN 2016 - CHRISTOPHER WHITTY
Global oil supply is expected to remain higher than global consumption in 2016, keeping oil prices at relatively low levels this summer compared wi ...
Tuesday, 26 July 16
NORTH P&I CLUB EXPLAINS HOW TO AVOID CLAIMS FOR SELF-COOKING SOYA BEANS
KNOWLEDGE TO ELEVATE
North P&I Club has advised its members to be extra vigilant during loading and transport of soya beans to ensure they ...
|
|
|
Showing 2346 to 2350 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- GN Power Mariveles Coal Plant, Philippines
- Vedanta Resources Plc - India
- Oldendorff Carriers - Singapore
- Kideco Jaya Agung - Indonesia
- Toyota Tsusho Corporation, Japan
- SN Aboitiz Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- MS Steel International - UAE
- PowerSource Philippines DevCo
- Mjunction Services Limited - India
- New Zealand Coal & Carbon
- ASAPP Information Group - India
- Mercator Lines Limited - India
- Romanian Commodities Exchange
- Cement Manufacturers Association - India
- Petrochimia International Co. Ltd.- Taiwan
- Global Business Power Corporation, Philippines
- Standard Chartered Bank - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Dalmia Cement Bharat India
- Madhucon Powers Ltd - India
- Sree Jayajothi Cements Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thiess Contractors Indonesia
- Indogreen Group - Indonesia
- Eastern Coal Council - USA
- Meralco Power Generation, Philippines
- GMR Energy Limited - India
- Binh Thuan Hamico - Vietnam
- Sakthi Sugars Limited - India
- Edison Trading Spa - Italy
- Deloitte Consulting - India
- Uttam Galva Steels Limited - India
- Coal and Oil Company - UAE
- Australian Coal Association
- India Bulls Power Limited - India
- Goldman Sachs - Singapore
- Orica Australia Pty. Ltd.
- Aditya Birla Group - India
- Leighton Contractors Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Pipit Mutiara Jaya. PT, Indonesia
- Coastal Gujarat Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Chamber of Mines of South Africa
- Gujarat Sidhee Cement - India
- Alfred C Toepfer International GmbH - Germany
- Posco Energy - South Korea
- Carbofer General Trading SA - India
- Asmin Koalindo Tuhup - Indonesia
- PNOC Exploration Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- Wood Mackenzie - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Merrill Lynch Commodities Europe
- Krishnapatnam Port Company Ltd. - India
- Ambuja Cements Ltd - India
- Ministry of Transport, Egypt
- Mintek Dendrill Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- Kobexindo Tractors - Indoneisa
- Economic Council, Georgia
- Globalindo Alam Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Indian Oil Corporation Limited
- GAC Shipping (India) Pvt Ltd
- Australian Commodity Traders Exchange
- Kalimantan Lumbung Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Borneo Indobara - Indonesia
- Heidelberg Cement - Germany
- Rashtriya Ispat Nigam Limited - India
- Georgia Ports Authority, United States
- Wilmar Investment Holdings
- Star Paper Mills Limited - India
- Price Waterhouse Coopers - Russia
- Kaltim Prima Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- SMC Global Power, Philippines
- Salva Resources Pvt Ltd - India
- SMG Consultants - Indonesia
- GVK Power & Infra Limited - India
- Commonwealth Bank - Australia
- Interocean Group of Companies - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Port Waratah Coal Services - Australia
- Holcim Trading Pte Ltd - Singapore
- Maheswari Brothers Coal Limited - India
- VISA Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Banpu Public Company Limited - Thailand
- Petron Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Simpson Spence & Young - Indonesia
- Indian Energy Exchange, India
- Bhoruka Overseas - Indonesia
- Jindal Steel & Power Ltd - India
- Mercuria Energy - Indonesia
- Bhatia International Limited - India
- Tata Chemicals Ltd - India
- Anglo American - United Kingdom
- Sindya Power Generating Company Private Ltd
- Videocon Industries ltd - India
- Eastern Energy - Thailand
- Singapore Mercantile Exchange
- Essar Steel Hazira Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Baramulti Group, Indonesia
- The University of Queensland
- Vijayanagar Sugar Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Independent Power Producers Association of India
- Agrawal Coal Company - India
- CNBM International Corporation - China
- Planning Commission, India
- Ind-Barath Power Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Barasentosa Lestari - Indonesia
- Xindia Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kartika Selabumi Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Attock Cement Pakistan Limited
- Malabar Cements Ltd - India
- The Treasury - Australian Government
- Ceylon Electricity Board - Sri Lanka
- Bulk Trading Sa - Switzerland
- Bukit Baiduri Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Power Finance Corporation Ltd., India
- White Energy Company Limited
- Kumho Petrochemical, South Korea
- The State Trading Corporation of India Ltd
- Ministry of Finance - Indonesia
- McConnell Dowell - Australia
- Sojitz Corporation - Japan
- Minerals Council of Australia
- Directorate General of MIneral and Coal - Indonesia
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Orica Mining Services - Indonesia
- Indika Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Iligan Light & Power Inc, Philippines
- PTC India Limited - India
- Vizag Seaport Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Straits Asia Resources Limited - Singapore
- Energy Development Corp, Philippines
- Latin American Coal - Colombia
- London Commodity Brokers - England
- Sarangani Energy Corporation, Philippines
- Indonesian Coal Mining Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Grasim Industreis Ltd - India
- Global Green Power PLC Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Makarim & Taira - Indonesia
- Rio Tinto Coal - Australia
- Lanco Infratech Ltd - India
- Electricity Generating Authority of Thailand
- Gujarat Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Siam City Cement - Thailand
- Chettinad Cement Corporation Ltd - India
- Africa Commodities Group - South Africa
- Siam City Cement PLC, Thailand
- Global Coal Blending Company Limited - Australia
- Central Java Power - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Thai Mozambique Logistica
- Manunggal Multi Energi - Indonesia
- Electricity Authority, New Zealand
- Tamil Nadu electricity Board
- AsiaOL BioFuels Corp., Philippines
- International Coal Ventures Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Altura Mining Limited, Indonesia
- IHS Mccloskey Coal Group - USA
- Pendopo Energi Batubara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bangladesh Power Developement Board
- Medco Energi Mining Internasional
- Karbindo Abesyapradhi - Indoneisa
- Formosa Plastics Group - Taiwan
- Meenaskhi Energy Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhushan Steel Limited - India
- Marubeni Corporation - India
- CIMB Investment Bank - Malaysia
- Energy Link Ltd, New Zealand
- Parry Sugars Refinery, India
- Larsen & Toubro Limited - India
- Samtan Co., Ltd - South Korea
- Renaissance Capital - South Africa
- Central Electricity Authority - India
- Sical Logistics Limited - India
- Miang Besar Coal Terminal - Indonesia
- ICICI Bank Limited - India
- Bharathi Cement Corporation - India
- Ministry of Mines - Canada
- Semirara Mining and Power Corporation, Philippines
- Parliament of New Zealand
|
| |
| |
|
