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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, 13 June 16
BALTIC INDEX FLAT, INDEX FOR CAPE RISE
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities flat this past week. The freight market was almost same l ...
Friday, 10 June 16
INDONESIAN 6322 GAR COAL PRICE REFERENCE RISES TO $51.81 A TON
COALspot.com: The Indonesia Coal Benchmark Price increased in June 2016.
The Director General of Mineral and Coal of Indonesia, the regulator ...
Friday, 10 June 16
WEEKLY U.S. COAL PRODUCTION TOTALED AN ESTIMATED 12 MMST IN THE WEEK ENDED JUNE 4, UP 4% W/W - EIA
COALspot.com – U.S the world’s second largest coal producer has produced approximately totaled an estimated 12 million short tons (mmst ...
Wednesday, 08 June 16
BPI ACHIEVES FINANCIAL CLOSE FOR ITS 2000 MW POWER PROJECT IN CENTRAL JAVA
COALspot.com: PT Bhimasena Power Indonesia (BPI) on June 6th, 2016 Achieves financial close for its 2x1,000 MW power project in Batang Regency, Cen ...
Wednesday, 08 June 16
U.S COAL IMPORTS ARE PROJECTED TO BE 12 MMST IN 2016 AND 11 MMST IN 2017 - EIA
Coal Supply
U.S. coal production in May was 50 million short tons (MMst), a 4 MMst (10%) increase from the previous month but 19 MMst (28%) lower ...
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Showing 2401 to 2405 news of total 6871 |
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- Manunggal Multi Energi - Indonesia
- Xindia Steels Limited - India
- Orica Australia Pty. Ltd.
- PTC India Limited - India
- Baramulti Group, Indonesia
- Banpu Public Company Limited - Thailand
- Kobexindo Tractors - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- South Luzon Thermal Energy Corporation
- Bukit Baiduri Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Energy Development Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- MS Steel International - UAE
- TeaM Sual Corporation - Philippines
- Electricity Generating Authority of Thailand
- Iligan Light & Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Renaissance Capital - South Africa
- San Jose City I Power Corp, Philippines
- Formosa Plastics Group - Taiwan
- Altura Mining Limited, Indonesia
- GVK Power & Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Jorong Barutama Greston.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Port Waratah Coal Services - Australia
- Antam Resourcindo - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Vedanta Resources Plc - India
- Mercuria Energy - Indonesia
- Standard Chartered Bank - UAE
- Electricity Authority, New Zealand
- Alfred C Toepfer International GmbH - Germany
- Orica Mining Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Tata Chemicals Ltd - India
- Kartika Selabumi Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Larsen & Toubro Limited - India
- Metalloyd Limited - United Kingdom
- Tamil Nadu electricity Board
- White Energy Company Limited
- Oldendorff Carriers - Singapore
- IHS Mccloskey Coal Group - USA
- Karaikal Port Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Star Paper Mills Limited - India
- Indonesian Coal Mining Association
- Kumho Petrochemical, South Korea
- GN Power Mariveles Coal Plant, Philippines
- Kepco SPC Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Medco Energi Mining Internasional
- Romanian Commodities Exchange
- Price Waterhouse Coopers - Russia
- Borneo Indobara - Indonesia
- Indika Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Vizag Seaport Private Limited - India
- Interocean Group of Companies - India
- Deloitte Consulting - India
- IEA Clean Coal Centre - UK
- The State Trading Corporation of India Ltd
- OPG Power Generation Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- LBH Netherlands Bv - Netherlands
- European Bulk Services B.V. - Netherlands
- Bulk Trading Sa - Switzerland
- Wood Mackenzie - Singapore
- Australian Commodity Traders Exchange
- Coastal Gujarat Power Limited - India
- Heidelberg Cement - Germany
- Africa Commodities Group - South Africa
- The Treasury - Australian Government
- Indian Energy Exchange, India
- Ceylon Electricity Board - Sri Lanka
- Mercator Lines Limited - India
- Chamber of Mines of South Africa
- Chettinad Cement Corporation Ltd - India
- Global Business Power Corporation, Philippines
- Dalmia Cement Bharat India
- Timah Investasi Mineral - Indoneisa
- Parry Sugars Refinery, India
- Asmin Koalindo Tuhup - Indonesia
- Sinarmas Energy and Mining - Indonesia
- PowerSource Philippines DevCo
- Maheswari Brothers Coal Limited - India
- Australian Coal Association
- Toyota Tsusho Corporation, Japan
- Coalindo Energy - Indonesia
- SMG Consultants - Indonesia
- Bhatia International Limited - India
- Goldman Sachs - Singapore
- Gujarat Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coal and Oil Company - UAE
- Minerals Council of Australia
- AsiaOL BioFuels Corp., Philippines
- Eastern Coal Council - USA
- Sojitz Corporation - Japan
- PetroVietnam Power Coal Import and Supply Company
- Meenaskhi Energy Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Merrill Lynch Commodities Europe
- Siam City Cement PLC, Thailand
- Savvy Resources Ltd - HongKong
- Ind-Barath Power Infra Limited - India
- Sical Logistics Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sakthi Sugars Limited - India
- Rio Tinto Coal - Australia
- Georgia Ports Authority, United States
- Salva Resources Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Energy Link Ltd, New Zealand
- Ministry of Mines - Canada
- Gujarat Sidhee Cement - India
- Planning Commission, India
- Kohat Cement Company Ltd. - Pakistan
- Essar Steel Hazira Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Ambuja Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Marubeni Corporation - India
- Carbofer General Trading SA - India
- Madhucon Powers Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Makarim & Taira - Indonesia
- Aboitiz Power Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- Bhoruka Overseas - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- SMC Global Power, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Finance - Indonesia
- SN Aboitiz Power Inc, Philippines
- Videocon Industries ltd - India
- International Coal Ventures Pvt Ltd - India
- Bangladesh Power Developement Board
- London Commodity Brokers - England
- Jaiprakash Power Ventures ltd
- Petron Corporation, Philippines
- Siam City Cement - Thailand
- Trasteel International SA, Italy
- Uttam Galva Steels Limited - India
- The University of Queensland
- ICICI Bank Limited - India
- Jindal Steel & Power Ltd - India
- Malabar Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Central Electricity Authority - India
- Indian Oil Corporation Limited
- CIMB Investment Bank - Malaysia
- Grasim Industreis Ltd - India
- Aditya Birla Group - India
- Straits Asia Resources Limited - Singapore
- Kapuas Tunggal Persada - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Agrawal Coal Company - India
- Edison Trading Spa - Italy
- Anglo American - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Riau Bara Harum - Indonesia
- New Zealand Coal & Carbon
- Bhushan Steel Limited - India
- CNBM International Corporation - China
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- ASAPP Information Group - India
- Central Java Power - Indonesia
- Posco Energy - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Thai Mozambique Logistica
- Latin American Coal - Colombia
- Commonwealth Bank - Australia
- Samtan Co., Ltd - South Korea
- Mjunction Services Limited - India
- Economic Council, Georgia
- Eastern Energy - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Transport, Egypt
- VISA Power Limited - India
- Meralco Power Generation, Philippines
- Lanco Infratech Ltd - India
- Cement Manufacturers Association - India
- Global Green Power PLC Corporation, Philippines
- Singapore Mercantile Exchange
- Parliament of New Zealand
- Bharathi Cement Corporation - India
- McConnell Dowell - Australia
- Mintek Dendrill Indonesia
- Sarangani Energy Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Independent Power Producers Association of India
- Attock Cement Pakistan Limited
- Pendopo Energi Batubara - Indonesia
- India Bulls Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Indogreen Group - Indonesia
- GMR Energy Limited - India
- Wilmar Investment Holdings
- Power Finance Corporation Ltd., India
- GAC Shipping (India) Pvt Ltd
- Globalindo Alam Lestari - Indonesia
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