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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, 30 May 16
BCI ENDING AT 830 POINTS, DOWN 4.6 PER CENT W/W
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities decline this week. The freight market was weak this past ...
Friday, 27 May 16
PET-COKE IMPORTS TO FACE PRESSURE IN INDIA
COALspot.com: An Indian environmental activist moved the National Green Tribunal seeking ban on the use of all forms of petroleum coke, also called ...
Friday, 27 May 16
US COAL PRODUCTION ROSE 2.9% WOW, ACCORDING TO EIA
COALspot.com – U.S the world’s second largest coal producer has produced approximately totaled an estimated 11.7 million short tons (mm ...
Thursday, 26 May 16
GIANT ORE CARRIERS SET TO PLAY A BIGGER ROLE IN THE GLOBAL SHIPPING FLEET: CHINA EMBRACES VALEMAXES - RICHARD SCOTT
Another phase of the giant ships era is approaching. Chinese shipowners placed orders recently for 30 huge ‘valemax’ ore carriers. Thes ...
Wednesday, 25 May 16
MEDIATION AS A WAY TO RESOLVE DISPUTES IN THE SHIPPING INDUSTRY - LANA JACOBS
KNOWLEDGE TO ELEVATE
The shipping market is currently experiencing a serious recession with the Baltic Dry Index and Baltic Capesize Index bot ...
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Showing 2416 to 2420 news of total 6871 |
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- TeaM Sual Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Anglo American - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Meenaskhi Energy Private Limited - India
- Cement Manufacturers Association - India
- Indonesian Coal Mining Association
- Altura Mining Limited, Indonesia
- Barasentosa Lestari - Indonesia
- Bhatia International Limited - India
- Bhushan Steel Limited - India
- Gujarat Sidhee Cement - India
- Simpson Spence & Young - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Goldman Sachs - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Globalindo Alam Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Xindia Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Banpu Public Company Limited - Thailand
- SMC Global Power, Philippines
- Power Finance Corporation Ltd., India
- GVK Power & Infra Limited - India
- Global Business Power Corporation, Philippines
- Deloitte Consulting - India
- Tata Chemicals Ltd - India
- Price Waterhouse Coopers - Russia
- Ministry of Transport, Egypt
- Gujarat Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- PTC India Limited - India
- The University of Queensland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Georgia Ports Authority, United States
- Kalimantan Lumbung Energi - Indonesia
- Madhucon Powers Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Lanco Infratech Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Thiess Contractors Indonesia
- Posco Energy - South Korea
- Indogreen Group - Indonesia
- Independent Power Producers Association of India
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Mining Services - Indonesia
- Intertek Mineral Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Electricity Authority, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- IEA Clean Coal Centre - UK
- Maheswari Brothers Coal Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Attock Cement Pakistan Limited
- San Jose City I Power Corp, Philippines
- Makarim & Taira - Indonesia
- MS Steel International - UAE
- Singapore Mercantile Exchange
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- CNBM International Corporation - China
- Commonwealth Bank - Australia
- Aditya Birla Group - India
- Sical Logistics Limited - India
- Dalmia Cement Bharat India
- White Energy Company Limited
- Mintek Dendrill Indonesia
- Mercator Lines Limited - India
- Renaissance Capital - South Africa
- Orica Australia Pty. Ltd.
- Straits Asia Resources Limited - Singapore
- Coalindo Energy - Indonesia
- Africa Commodities Group - South Africa
- Vizag Seaport Private Limited - India
- SMG Consultants - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- PNOC Exploration Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Indian Oil Corporation Limited
- Meralco Power Generation, Philippines
- The Treasury - Australian Government
- Thai Mozambique Logistica
- Vedanta Resources Plc - India
- Standard Chartered Bank - UAE
- Parry Sugars Refinery, India
- Grasim Industreis Ltd - India
- Global Green Power PLC Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Kapuas Tunggal Persada - Indonesia
- The State Trading Corporation of India Ltd
- Sarangani Energy Corporation, Philippines
- Borneo Indobara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Energy Development Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Kumho Petrochemical, South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Petron Corporation, Philippines
- Savvy Resources Ltd - HongKong
- GMR Energy Limited - India
- Minerals Council of Australia
- Energy Link Ltd, New Zealand
- SN Aboitiz Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- New Zealand Coal & Carbon
- Miang Besar Coal Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Riau Bara Harum - Indonesia
- Tamil Nadu electricity Board
- Central Electricity Authority - India
- Aboitiz Power Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- PetroVietnam Power Coal Import and Supply Company
- Chettinad Cement Corporation Ltd - India
- Directorate Of Revenue Intelligence - India
- Sakthi Sugars Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Indo Tambangraya Megah - Indonesia
- London Commodity Brokers - England
- Australian Commodity Traders Exchange
- Essar Steel Hazira Ltd - India
- Carbofer General Trading SA - India
- Latin American Coal - Colombia
- Wilmar Investment Holdings
- Marubeni Corporation - India
- Malabar Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Metalloyd Limited - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- ASAPP Information Group - India
- Jaiprakash Power Ventures ltd
- Indian Energy Exchange, India
- Trasteel International SA, Italy
- CIMB Investment Bank - Malaysia
- Sree Jayajothi Cements Limited - India
- Electricity Generating Authority of Thailand
- Larsen & Toubro Limited - India
- McConnell Dowell - Australia
- Parliament of New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Antam Resourcindo - Indonesia
- Toyota Tsusho Corporation, Japan
- Planning Commission, India
- Formosa Plastics Group - Taiwan
- Holcim Trading Pte Ltd - Singapore
- AsiaOL BioFuels Corp., Philippines
- Jindal Steel & Power Ltd - India
- Sojitz Corporation - Japan
- OPG Power Generation Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Timah Investasi Mineral - Indoneisa
- Bulk Trading Sa - Switzerland
- Iligan Light & Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Uttam Galva Steels Limited - India
- Heidelberg Cement - Germany
- Ambuja Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Edison Trading Spa - Italy
- Rio Tinto Coal - Australia
- ICICI Bank Limited - India
- Bayan Resources Tbk. - Indonesia
- Ministry of Mines - Canada
- Mercuria Energy - Indonesia
- Romanian Commodities Exchange
- Wood Mackenzie - Singapore
- Therma Luzon, Inc, Philippines
- Ministry of Finance - Indonesia
- Kaltim Prima Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Australian Coal Association
- India Bulls Power Limited - India
- Videocon Industries ltd - India
- Siam City Cement PLC, Thailand
- Jorong Barutama Greston.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Gujarat Mineral Development Corp Ltd - India
- Binh Thuan Hamico - Vietnam
- Bangladesh Power Developement Board
- Eastern Energy - Thailand
- Eastern Coal Council - USA
- Coal and Oil Company - UAE
- Kideco Jaya Agung - Indonesia
- South Luzon Thermal Energy Corporation
- Interocean Group of Companies - India
- Baramulti Group, Indonesia
- Star Paper Mills Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bharathi Cement Corporation - India
- Coastal Gujarat Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Sindya Power Generating Company Private Ltd
- Central Java Power - Indonesia
- Samtan Co., Ltd - South Korea
- Medco Energi Mining Internasional
- Indika Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Mjunction Services Limited - India
- Economic Council, Georgia
- Agrawal Coal Company - India
- VISA Power Limited - India
- Chamber of Mines of South Africa
- Merrill Lynch Commodities Europe
- International Coal Ventures Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Bukit Baiduri Energy - Indonesia
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