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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, 16 May 16
THE FREIGHT MARKET WAS WEAK AND ALL SEGMENTS EXCEPT PANAMAX WERE DOWN
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities decline this week.
The freight market was weak and a ...
Friday, 13 May 16
COAL CARGOES - SOME RECENT DEVELOPMENTS: SWEDISH CLUB
KNOWLEDGE TO ELEVATE
Indonesia continues to be amongst the world’s major exporters of coal, some 426Mt being traded in 2013 mostly to In ...
Friday, 13 May 16
US WEEKLY COAL PRODUCTION IS RUNNING 33% BELOW THE SAME PERIOD IN 2015 - EIA
COALspot.com – U.S the world’s second largest coal producer has produced approximately totaled an estimated 10.9 million short tons (mm ...
Friday, 13 May 16
DRY BULK SHIPPING MARKET RECOVERY WILL BE A LONG, HARD-FOUGHT BATTLE - HELLENIC SHIPPING NEWS
Anyone who expects a strong rally in dry bulk market rates to end the industry’s downturn will be bitterly disappointed. By contrast – ...
Wednesday, 11 May 16
U.S. FORECAST COAL PRODUCTION IS EXPECTED TO DECLINED BY 150 MMST IN 2016; THE LARGEST DECLINE SINCE 1949 - EIA
COALspot.com: EIA estimates that U.S. coal production in April was 46 million short tons (MMst), a 6 MMst (12%) decrease from the previous month an ...
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Showing 2436 to 2440 news of total 6871 |
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- Bharathi Cement Corporation - India
- Price Waterhouse Coopers - Russia
- Energy Link Ltd, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Siam City Cement - Thailand
- Kideco Jaya Agung - Indonesia
- Vedanta Resources Plc - India
- Dalmia Cement Bharat India
- Globalindo Alam Lestari - Indonesia
- Meralco Power Generation, Philippines
- London Commodity Brokers - England
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
- Electricity Generating Authority of Thailand
- New Zealand Coal & Carbon
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CIMB Investment Bank - Malaysia
- GAC Shipping (India) Pvt Ltd
- Latin American Coal - Colombia
- SN Aboitiz Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Savvy Resources Ltd - HongKong
- Port Waratah Coal Services - Australia
- Jindal Steel & Power Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Coalindo Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- Simpson Spence & Young - Indonesia
- Bulk Trading Sa - Switzerland
- Parliament of New Zealand
- Bukit Makmur.PT - Indonesia
- McConnell Dowell - Australia
- The University of Queensland
- Minerals Council of Australia
- Kumho Petrochemical, South Korea
- Formosa Plastics Group - Taiwan
- PowerSource Philippines DevCo
- Bayan Resources Tbk. - Indonesia
- PNOC Exploration Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Coal Council - USA
- Australian Commodity Traders Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- ICICI Bank Limited - India
- Singapore Mercantile Exchange
- Xindia Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Altura Mining Limited, Indonesia
- Meenaskhi Energy Private Limited - India
- Vizag Seaport Private Limited - India
- IEA Clean Coal Centre - UK
- Salva Resources Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- White Energy Company Limited
- Attock Cement Pakistan Limited
- Aboitiz Power Corporation - Philippines
- Madhucon Powers Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Tata Chemicals Ltd - India
- Jaiprakash Power Ventures ltd
- Sindya Power Generating Company Private Ltd
- Pendopo Energi Batubara - Indonesia
- Medco Energi Mining Internasional
- Thiess Contractors Indonesia
- Grasim Industreis Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Jorong Barutama Greston.PT - Indonesia
- India Bulls Power Limited - India
- Lanco Infratech Ltd - India
- SMG Consultants - Indonesia
- Semirara Mining Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Tamil Nadu electricity Board
- SMC Global Power, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Africa Commodities Group - South Africa
- Cigading International Bulk Terminal - Indonesia
- Carbofer General Trading SA - India
- Sojitz Corporation - Japan
- Bhoruka Overseas - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Bangladesh Power Developement Board
- Ambuja Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Marubeni Corporation - India
- Baramulti Group, Indonesia
- Sical Logistics Limited - India
- Ministry of Mines - Canada
- IHS Mccloskey Coal Group - USA
- Star Paper Mills Limited - India
- Makarim & Taira - Indonesia
- Straits Asia Resources Limited - Singapore
- Indian Oil Corporation Limited
- Georgia Ports Authority, United States
- GMR Energy Limited - India
- Binh Thuan Hamico - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Central Java Power - Indonesia
- Eastern Energy - Thailand
- Billiton Holdings Pty Ltd - Australia
- Aditya Birla Group - India
- Bhatia International Limited - India
- Australian Coal Association
- Ministry of Transport, Egypt
- Barasentosa Lestari - Indonesia
- Parry Sugars Refinery, India
- Central Electricity Authority - India
- Wood Mackenzie - Singapore
- Deloitte Consulting - India
- Sakthi Sugars Limited - India
- Agrawal Coal Company - India
- Maheswari Brothers Coal Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ind-Barath Power Infra Limited - India
- Cement Manufacturers Association - India
- Posco Energy - South Korea
- International Coal Ventures Pvt Ltd - India
- Planning Commission, India
- San Jose City I Power Corp, Philippines
- Samtan Co., Ltd - South Korea
- TeaM Sual Corporation - Philippines
- Rio Tinto Coal - Australia
- Bhushan Steel Limited - India
- Goldman Sachs - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Heidelberg Cement - Germany
- The State Trading Corporation of India Ltd
- Metalloyd Limited - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Petron Corporation, Philippines
- ASAPP Information Group - India
- Toyota Tsusho Corporation, Japan
- Global Coal Blending Company Limited - Australia
- Electricity Authority, New Zealand
- Indika Energy - Indonesia
- Indogreen Group - Indonesia
- Anglo American - United Kingdom
- Malabar Cements Ltd - India
- Independent Power Producers Association of India
- Power Finance Corporation Ltd., India
- Maharashtra Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- PTC India Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Riau Bara Harum - Indonesia
- Borneo Indobara - Indonesia
- Indian Energy Exchange, India
- Directorate Of Revenue Intelligence - India
- Edison Trading Spa - Italy
- European Bulk Services B.V. - Netherlands
- MS Steel International - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Krishnapatnam Port Company Ltd. - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercator Lines Limited - India
- Orica Australia Pty. Ltd.
- Bukit Baiduri Energy - Indonesia
- Merrill Lynch Commodities Europe
- AsiaOL BioFuels Corp., Philippines
- Indo Tambangraya Megah - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Global Green Power PLC Corporation, Philippines
- Uttam Galva Steels Limited - India
- Mercuria Energy - Indonesia
- Videocon Industries ltd - India
- Antam Resourcindo - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Commonwealth Bank - Australia
- Kartika Selabumi Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Larsen & Toubro Limited - India
- Romanian Commodities Exchange
- Wilmar Investment Holdings
- Economic Council, Georgia
- Coastal Gujarat Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Gujarat Sidhee Cement - India
- Karaikal Port Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Ministry of Finance - Indonesia
- Essar Steel Hazira Ltd - India
- Orica Mining Services - Indonesia
- Mintek Dendrill Indonesia
- Timah Investasi Mineral - Indoneisa
- Interocean Group of Companies - India
- Kepco SPC Power Corporation, Philippines
- Mjunction Services Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Kapuas Tunggal Persada - Indonesia
- Standard Chartered Bank - UAE
- CNBM International Corporation - China
- The Treasury - Australian Government
- VISA Power Limited - India
- GVK Power & Infra Limited - India
- Coal and Oil Company - UAE
- Trasteel International SA, Italy
- Thai Mozambique Logistica
- Pipit Mutiara Jaya. PT, Indonesia
- Chettinad Cement Corporation Ltd - India
- Iligan Light & Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Energy Development Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Renaissance Capital - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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