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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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- Planning Commission, India
- SMC Global Power, Philippines
- Deloitte Consulting - India
- Heidelberg Cement - Germany
- Port Waratah Coal Services - Australia
- Iligan Light & Power Inc, Philippines
- New Zealand Coal & Carbon
- White Energy Company Limited
- Ambuja Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Altura Mining Limited, Indonesia
- TeaM Sual Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Cement Manufacturers Association - India
- Energy Development Corp, Philippines
- The State Trading Corporation of India Ltd
- Malabar Cements Ltd - India
- Formosa Plastics Group - Taiwan
- The Treasury - Australian Government
- Semirara Mining and Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Aditya Birla Group - India
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- ICICI Bank Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Mercator Lines Limited - India
- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Mjunction Services Limited - India
- Electricity Generating Authority of Thailand
- PNOC Exploration Corporation - Philippines
- Carbofer General Trading SA - India
- VISA Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SN Aboitiz Power Inc, Philippines
- Sojitz Corporation - Japan
- Electricity Authority, New Zealand
- CNBM International Corporation - China
- Kideco Jaya Agung - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Thiess Contractors Indonesia
- Kumho Petrochemical, South Korea
- Bangladesh Power Developement Board
- GVK Power & Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Indian Energy Exchange, India
- Semirara Mining Corp, Philippines
- Mercuria Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Siam City Cement PLC, Thailand
- Sree Jayajothi Cements Limited - India
- Madhucon Powers Ltd - India
- Sakthi Sugars Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Aboitiz Power Corporation - Philippines
- Eastern Coal Council - USA
- Coalindo Energy - Indonesia
- PTC India Limited - India
- The University of Queensland
- Jaiprakash Power Ventures ltd
- Leighton Contractors Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Posco Energy - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Sarangani Energy Corporation, Philippines
- Makarim & Taira - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Videocon Industries ltd - India
- IEA Clean Coal Centre - UK
- Toyota Tsusho Corporation, Japan
- Marubeni Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Indonesian Coal Mining Association
- Ministry of Transport, Egypt
- Banpu Public Company Limited - Thailand
- PowerSource Philippines DevCo
- Coal and Oil Company - UAE
- Pendopo Energi Batubara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Ministry of Mines - Canada
- Barasentosa Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Minerals Council of Australia
- Kaltim Prima Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Australia Pty. Ltd.
- Gujarat Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Australian Commodity Traders Exchange
- Ind-Barath Power Infra Limited - India
- Africa Commodities Group - South Africa
- Commonwealth Bank - Australia
- Ministry of Finance - Indonesia
- Bhatia International Limited - India
- Sical Logistics Limited - India
- Global Coal Blending Company Limited - Australia
- OPG Power Generation Pvt Ltd - India
- Standard Chartered Bank - UAE
- Vedanta Resources Plc - India
- Simpson Spence & Young - Indonesia
- Anglo American - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- South Luzon Thermal Energy Corporation
- Indogreen Group - Indonesia
- Global Green Power PLC Corporation, Philippines
- Latin American Coal - Colombia
- McConnell Dowell - Australia
- Billiton Holdings Pty Ltd - Australia
- Tamil Nadu electricity Board
- Energy Link Ltd, New Zealand
- Tata Chemicals Ltd - India
- San Jose City I Power Corp, Philippines
- Bhoruka Overseas - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Georgia Ports Authority, United States
- Sindya Power Generating Company Private Ltd
- Rio Tinto Coal - Australia
- Bulk Trading Sa - Switzerland
- Essar Steel Hazira Ltd - India
- Globalindo Alam Lestari - Indonesia
- Borneo Indobara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Attock Cement Pakistan Limited
- Gujarat Mineral Development Corp Ltd - India
- Indian Oil Corporation Limited
- Straits Asia Resources Limited - Singapore
- Price Waterhouse Coopers - Russia
- Bhushan Steel Limited - India
- Romanian Commodities Exchange
- Goldman Sachs - Singapore
- GMR Energy Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Dalmia Cement Bharat India
- MS Steel International - UAE
- Uttam Galva Steels Limited - India
- Larsen & Toubro Limited - India
- Central Java Power - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Meralco Power Generation, Philippines
- Timah Investasi Mineral - Indoneisa
- Therma Luzon, Inc, Philippines
- Coastal Gujarat Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Edison Trading Spa - Italy
- Grasim Industreis Ltd - India
- Mintek Dendrill Indonesia
- Directorate Of Revenue Intelligence - India
- Metalloyd Limited - United Kingdom
- ASAPP Information Group - India
- Independent Power Producers Association of India
- Economic Council, Georgia
- Alfred C Toepfer International GmbH - Germany
- Neyveli Lignite Corporation Ltd, - India
- Pipit Mutiara Jaya. PT, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Merrill Lynch Commodities Europe
- Thai Mozambique Logistica
- Renaissance Capital - South Africa
- Kartika Selabumi Mining - Indonesia
- Medco Energi Mining Internasional
- Global Business Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Star Paper Mills Limited - India
- Maheswari Brothers Coal Limited - India
- Binh Thuan Hamico - Vietnam
- London Commodity Brokers - England
- Baramulti Group, Indonesia
- Parliament of New Zealand
- Interocean Group of Companies - India
- Vizag Seaport Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Central Electricity Authority - India
- Intertek Mineral Services - Indonesia
- Trasteel International SA, Italy
- Agrawal Coal Company - India
- Karaikal Port Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Wilmar Investment Holdings
- Lanco Infratech Ltd - India
- LBH Netherlands Bv - Netherlands
- Bharathi Cement Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- India Bulls Power Limited - India
- Parry Sugars Refinery, India
- Bayan Resources Tbk. - Indonesia
- Orica Mining Services - Indonesia
- Indika Energy - Indonesia
- Wood Mackenzie - Singapore
- Siam City Cement - Thailand
- Kepco SPC Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Singapore Mercantile Exchange
- European Bulk Services B.V. - Netherlands
- Samtan Co., Ltd - South Korea
- Meenaskhi Energy Private Limited - India
- Petron Corporation, Philippines
- Chamber of Mines of South Africa
- GAC Shipping (India) Pvt Ltd
- Riau Bara Harum - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Coal Association
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