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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, 20 July 16
EDIBLE OIL MARKETS ACROSS THE GLOBE REMAIN UNDER PRESSURE - STELIOS KOLLINTZAS
The edible oil markets across the globe remain under pressure on the back of lackluster demand. Some of the main factors causing the low activity a ...
Tuesday, 19 July 16
INDONESIAN THERMAL COAL INDEXES CONTINUALLY FIRM UP ON ROBUST BUYING INTEREST - CS COAL INDEX
COALspot.com: Average 5000 GAR coal index of Indonesian origin rose One percent week over week to averaging $40.38 per ton this past week, shows CS ...
Monday, 18 July 16
FROM PIT TO PORT: DRY BULK NEEDS A NEW PATH TO PROFITABILITY - TOC EUROPE
During the golden years for commodities, from 2005 to 2014, high demand and big profit margins pushed companies to produce more and more, sacrifici ...
Monday, 18 July 16
BALTIC DRY INDEX REMAIN FIRM, UP BY 5.97 WEEK OVER WEEK
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities continued to remain firm with all segments ending in posi ...
Friday, 15 July 16
US COAL PRODUCTION DOWN 8.4% WEEK-OVER-WEEK
COALspot.com – U.S, world’s second largest coal producers has produced approximately totalled an estimated 12.9 million short tons (mms ...
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Showing 2356 to 2360 news of total 6871 |
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- Wood Mackenzie - Singapore
- Kepco SPC Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Lanco Infratech Ltd - India
- Aditya Birla Group - India
- Central Java Power - Indonesia
- Straits Asia Resources Limited - Singapore
- Heidelberg Cement - Germany
- Sical Logistics Limited - India
- London Commodity Brokers - England
- PNOC Exploration Corporation - Philippines
- McConnell Dowell - Australia
- Essar Steel Hazira Ltd - India
- Global Green Power PLC Corporation, Philippines
- Australian Coal Association
- Meralco Power Generation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Thai Mozambique Logistica
- Ind-Barath Power Infra Limited - India
- TeaM Sual Corporation - Philippines
- Vizag Seaport Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- GVK Power & Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- MS Steel International - UAE
- Vedanta Resources Plc - India
- Standard Chartered Bank - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kobexindo Tractors - Indoneisa
- Port Waratah Coal Services - Australia
- Tata Chemicals Ltd - India
- Savvy Resources Ltd - HongKong
- Miang Besar Coal Terminal - Indonesia
- Indonesian Coal Mining Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kumho Petrochemical, South Korea
- AsiaOL BioFuels Corp., Philippines
- Romanian Commodities Exchange
- Sakthi Sugars Limited - India
- Karaikal Port Pvt Ltd - India
- Medco Energi Mining Internasional
- Economic Council, Georgia
- Oldendorff Carriers - Singapore
- India Bulls Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kideco Jaya Agung - Indonesia
- South Luzon Thermal Energy Corporation
- ASAPP Information Group - India
- CNBM International Corporation - China
- Bhatia International Limited - India
- Iligan Light & Power Inc, Philippines
- Deloitte Consulting - India
- VISA Power Limited - India
- The University of Queensland
- Formosa Plastics Group - Taiwan
- Aboitiz Power Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining and Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Power Finance Corporation Ltd., India
- Indian Oil Corporation Limited
- SMG Consultants - Indonesia
- Energy Link Ltd, New Zealand
- Star Paper Mills Limited - India
- Madhucon Powers Ltd - India
- Borneo Indobara - Indonesia
- Sarangani Energy Corporation, Philippines
- Uttam Galva Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Anglo American - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- PowerSource Philippines DevCo
- Binh Thuan Hamico - Vietnam
- Sindya Power Generating Company Private Ltd
- Ministry of Mines - Canada
- Kohat Cement Company Ltd. - Pakistan
- Goldman Sachs - Singapore
- ICICI Bank Limited - India
- Bangladesh Power Developement Board
- Gujarat Mineral Development Corp Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Africa Commodities Group - South Africa
- White Energy Company Limited
- Wilmar Investment Holdings
- Billiton Holdings Pty Ltd - Australia
- Attock Cement Pakistan Limited
- SN Aboitiz Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Mercator Lines Limited - India
- Energy Development Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- New Zealand Coal & Carbon
- Mercuria Energy - Indonesia
- Coal and Oil Company - UAE
- Orica Mining Services - Indonesia
- Riau Bara Harum - Indonesia
- Maheswari Brothers Coal Limited - India
- Eastern Energy - Thailand
- Bhushan Steel Limited - India
- Indogreen Group - Indonesia
- Electricity Authority, New Zealand
- Indo Tambangraya Megah - Indonesia
- GMR Energy Limited - India
- Coastal Gujarat Power Limited - India
- Semirara Mining Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Mintek Dendrill Indonesia
- SMC Global Power, Philippines
- Posco Energy - South Korea
- Indian Energy Exchange, India
- Larsen & Toubro Limited - India
- Independent Power Producers Association of India
- Kapuas Tunggal Persada - Indonesia
- Salva Resources Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Ambuja Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Thiess Contractors Indonesia
- Bulk Trading Sa - Switzerland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Rio Tinto Coal - Australia
- Parry Sugars Refinery, India
- Australian Commodity Traders Exchange
- Commonwealth Bank - Australia
- Bhoruka Overseas - Indonesia
- Cement Manufacturers Association - India
- Bukit Asam (Persero) Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Banpu Public Company Limited - Thailand
- Indika Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- International Coal Ventures Pvt Ltd - India
- Grasim Industreis Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Xindia Steels Limited - India
- Ministry of Finance - Indonesia
- Global Coal Blending Company Limited - Australia
- Coalindo Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Edison Trading Spa - Italy
- Interocean Group of Companies - India
- Baramulti Group, Indonesia
- Mjunction Services Limited - India
- Agrawal Coal Company - India
- Videocon Industries ltd - India
- Georgia Ports Authority, United States
- Central Electricity Authority - India
- Gujarat Sidhee Cement - India
- IHS Mccloskey Coal Group - USA
- Manunggal Multi Energi - Indonesia
- Minerals Council of Australia
- Siam City Cement - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Dalmia Cement Bharat India
- Carbofer General Trading SA - India
- Sojitz Corporation - Japan
- Trasteel International SA, Italy
- Antam Resourcindo - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Parliament of New Zealand
- Jaiprakash Power Ventures ltd
- Kaltim Prima Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Jindal Steel & Power Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Eastern Coal Council - USA
- Sinarmas Energy and Mining - Indonesia
- Makarim & Taira - Indonesia
- Pendopo Energi Batubara - Indonesia
- Chamber of Mines of South Africa
- Marubeni Corporation - India
- PTC India Limited - India
- Renaissance Capital - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Bharathi Cement Corporation - India
- Simpson Spence & Young - Indonesia
- Planning Commission, India
- Orica Australia Pty. Ltd.
- Bayan Resources Tbk. - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Directorate Of Revenue Intelligence - India
- Merrill Lynch Commodities Europe
- Singapore Mercantile Exchange
- Petron Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Intertek Mineral Services - Indonesia
- Malabar Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Tamil Nadu electricity Board
- Ministry of Transport, Egypt
- Latin American Coal - Colombia
- IEA Clean Coal Centre - UK
- Toyota Tsusho Corporation, Japan
- Timah Investasi Mineral - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Electricity Generating Authority of Thailand
- The Treasury - Australian Government
- Global Business Power Corporation, Philippines
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