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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, 25 May 16
DRY BULK SNP MARKET DISPLAYS SIGNS OF STRENGTH - GEORGE ILIOPOULOS
Only a couple of weeks away from the world’s most prominent maritime event, the market for tankers displays an evident lack of confidence in ...
Tuesday, 24 May 16
WEEKLY CS COAL INDICES NEGATIVE FOR ALL TYPES OF COAL EXCEPT 3800 GAR COAL
COALspot.com: Average 5000 GAR coal index of Indonesian origin was down 0.10 percent week over week to averaging $38.90 per ton this past week, sho ...
Monday, 23 May 16
A PERFECT STORM FOR INDONESIAN STEAM COAL EXPORTS - CLARKSON RESEARCH
Indonesia is the world’s leading steam coal exporter, accounting for over 40% of global seaborne steam coal exports since 2010. However in 20 ...
Monday, 23 May 16
THE PANAMAX INDEX WAS UP 17 POINTS W/W
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose this week.
The freight market was firm and all ...
Friday, 20 May 16
SHIPBUILDING CONTRACTS: CAN I CANCEL? SHOULD I CANCEL? - THE SHIPOWNER CLUB
KNOWLEDGE TO ELEVATE
There are many circumstances in which a buyer of a new-build vessel might want to terminate or cancel their contract with ...
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Showing 2421 to 2425 news of total 6871 |
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- Global Business Power Corporation, Philippines
- Deloitte Consulting - India
- Simpson Spence & Young - Indonesia
- Borneo Indobara - Indonesia
- PowerSource Philippines DevCo
- Planning Commission, India
- ASAPP Information Group - India
- Thai Mozambique Logistica
- Bayan Resources Tbk. - Indonesia
- Makarim & Taira - Indonesia
- Sindya Power Generating Company Private Ltd
- Global Coal Blending Company Limited - Australia
- Krishnapatnam Port Company Ltd. - India
- Bulk Trading Sa - Switzerland
- Semirara Mining and Power Corporation, Philippines
- Eastern Coal Council - USA
- GN Power Mariveles Coal Plant, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Indika Energy - Indonesia
- SMC Global Power, Philippines
- Orica Mining Services - Indonesia
- New Zealand Coal & Carbon
- Eastern Energy - Thailand
- Trasteel International SA, Italy
- PTC India Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Altura Mining Limited, Indonesia
- Antam Resourcindo - Indonesia
- CNBM International Corporation - China
- European Bulk Services B.V. - Netherlands
- Indonesian Coal Mining Association
- IEA Clean Coal Centre - UK
- Bhatia International Limited - India
- Electricity Authority, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- CIMB Investment Bank - Malaysia
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- Vedanta Resources Plc - India
- San Jose City I Power Corp, Philippines
- Uttam Galva Steels Limited - India
- Jaiprakash Power Ventures ltd
- Sarangani Energy Corporation, Philippines
- Indian Oil Corporation Limited
- Kaltim Prima Coal - Indonesia
- Rio Tinto Coal - Australia
- Marubeni Corporation - India
- Australian Commodity Traders Exchange
- Energy Link Ltd, New Zealand
- Sojitz Corporation - Japan
- Indogreen Group - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The University of Queensland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Standard Chartered Bank - UAE
- VISA Power Limited - India
- Aboitiz Power Corporation - Philippines
- Tamil Nadu electricity Board
- Australian Coal Association
- GVK Power & Infra Limited - India
- Edison Trading Spa - Italy
- Cement Manufacturers Association - India
- Billiton Holdings Pty Ltd - Australia
- Energy Development Corp, Philippines
- Sakthi Sugars Limited - India
- Georgia Ports Authority, United States
- Barasentosa Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Wood Mackenzie - Singapore
- Mjunction Services Limited - India
- Directorate Of Revenue Intelligence - India
- Videocon Industries ltd - India
- Toyota Tsusho Corporation, Japan
- Thiess Contractors Indonesia
- Semirara Mining Corp, Philippines
- Power Finance Corporation Ltd., India
- SN Aboitiz Power Inc, Philippines
- Bhushan Steel Limited - India
- Riau Bara Harum - Indonesia
- Vizag Seaport Private Limited - India
- Savvy Resources Ltd - HongKong
- Offshore Bulk Terminal Pte Ltd, Singapore
- Latin American Coal - Colombia
- MS Steel International - UAE
- Minerals Council of Australia
- Medco Energi Mining Internasional
- Tata Chemicals Ltd - India
- Dalmia Cement Bharat India
- Posco Energy - South Korea
- Ind-Barath Power Infra Limited - India
- Singapore Mercantile Exchange
- Sree Jayajothi Cements Limited - India
- Price Waterhouse Coopers - Russia
- TeaM Sual Corporation - Philippines
- Baramulti Group, Indonesia
- Manunggal Multi Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Attock Cement Pakistan Limited
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Malabar Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Bangladesh Power Developement Board
- Parliament of New Zealand
- Interocean Group of Companies - India
- Mintek Dendrill Indonesia
- Holcim Trading Pte Ltd - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Agrawal Coal Company - India
- White Energy Company Limited
- Cigading International Bulk Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Wilmar Investment Holdings
- Kepco SPC Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Economic Council, Georgia
- Bukit Makmur.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kumho Petrochemical, South Korea
- ICICI Bank Limited - India
- Parry Sugars Refinery, India
- Renaissance Capital - South Africa
- Maheswari Brothers Coal Limited - India
- AsiaOL BioFuels Corp., Philippines
- GAC Shipping (India) Pvt Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- McConnell Dowell - Australia
- Romanian Commodities Exchange
- Therma Luzon, Inc, Philippines
- Xindia Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- London Commodity Brokers - England
- Coastal Gujarat Power Limited - India
- Petron Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- SMG Consultants - Indonesia
- Independent Power Producers Association of India
- Vijayanagar Sugar Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Carbofer General Trading SA - India
- Aditya Birla Group - India
- Siam City Cement - Thailand
- Electricity Generating Authority of Thailand
- Indo Tambangraya Megah - Indonesia
- India Bulls Power Limited - India
- Karaikal Port Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Metalloyd Limited - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Jorong Barutama Greston.PT - Indonesia
- Star Paper Mills Limited - India
- Port Waratah Coal Services - Australia
- PNOC Exploration Corporation - Philippines
- Siam City Cement PLC, Thailand
- Central Java Power - Indonesia
- Intertek Mineral Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- Ministry of Transport, Egypt
- Coal and Oil Company - UAE
- Heidelberg Cement - Germany
- Kartika Selabumi Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sical Logistics Limited - India
- Central Electricity Authority - India
- Gujarat Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Anglo American - United Kingdom
- Coalindo Energy - Indonesia
- Goldman Sachs - Singapore
- Binh Thuan Hamico - Vietnam
- Chettinad Cement Corporation Ltd - India
- Mercator Lines Limited - India
- Global Green Power PLC Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Essar Steel Hazira Ltd - India
- LBH Netherlands Bv - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Madhucon Powers Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Kapuas Tunggal Persada - Indonesia
- GMR Energy Limited - India
- Grasim Industreis Ltd - India
- Mercuria Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Formosa Plastics Group - Taiwan
- Merrill Lynch Commodities Europe
- Banpu Public Company Limited - Thailand
- Samtan Co., Ltd - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Africa Commodities Group - South Africa
- Chamber of Mines of South Africa
- Gujarat Mineral Development Corp Ltd - India
- Indian Energy Exchange, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- International Coal Ventures Pvt Ltd - India
- Ambuja Cements Ltd - India
- Meralco Power Generation, Philippines
- Gujarat Sidhee Cement - India
- Commonwealth Bank - Australia
- Lanco Infratech Ltd - India
- Orica Australia Pty. Ltd.
- Bharathi Cement Corporation - India
- The Treasury - Australian Government
- Kobexindo Tractors - Indoneisa
- Bhoruka Overseas - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Mines - Canada
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