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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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Friday, 18 March 16
DRY BULK MARKET HAS LITTLE TO LOOK FORWARD TO FROM CHINA AT THE MOMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market’s rebound is long overdue, but when it comes, it won’t be because of China’s strong demand for commodities, o ...
Friday, 18 March 16
COAL PRODUCTION IN THE UNITED STATES SLIGHTLY DECREASED THIS WEEK - EIA
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 12.5 million shor ...
Thursday, 17 March 16
THE PANAMAX MARKET SEEMS TO BE A BIT TOPPISH THIS WEEK - FEARNLEYS
Cape
There are challenging days with rates or less unchanged from last week; West Australia to China still below US$ 3 pmt, and Tuarao to China i ...
Wednesday, 16 March 16
OIL SUPPLY OUTPACES DEMAND ON ANY GIVEN DAY, AND BILLIONS OF BARRELS OF OIL ARE BEING STORED RATHER THAN CONSUMED - CHRISTOPHER
Oil producers have turned to the concept of limiting their output to January levels as a certain form of action to boost prices that have fallen mo ...
Tuesday, 15 March 16
PORT OF NEWCASTLE SHIPPED 12.78 MMT OF COAL IN FEBRUARY 2016
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port has shipped AU$1,110.5 mi ...
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Showing 2516 to 2520 news of total 6871 |
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- Aditya Birla Group - India
- Medco Energi Mining Internasional
- Madhucon Powers Ltd - India
- Semirara Mining Corp, Philippines
- Dalmia Cement Bharat India
- Banpu Public Company Limited - Thailand
- Bangladesh Power Developement Board
- Mercuria Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
- Karaikal Port Pvt Ltd - India
- Renaissance Capital - South Africa
- GMR Energy Limited - India
- Kideco Jaya Agung - Indonesia
- Romanian Commodities Exchange
- Ministry of Transport, Egypt
- Latin American Coal - Colombia
- IEA Clean Coal Centre - UK
- Asmin Koalindo Tuhup - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Sakthi Sugars Limited - India
- Singapore Mercantile Exchange
- Riau Bara Harum - Indonesia
- CIMB Investment Bank - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Energy Development Corp, Philippines
- New Zealand Coal & Carbon
- Leighton Contractors Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Rashtriya Ispat Nigam Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Edison Trading Spa - Italy
- Tamil Nadu electricity Board
- Oldendorff Carriers - Singapore
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- Economic Council, Georgia
- Essar Steel Hazira Ltd - India
- MS Steel International - UAE
- Deloitte Consulting - India
- Indogreen Group - Indonesia
- Eastern Energy - Thailand
- Sinarmas Energy and Mining - Indonesia
- Planning Commission, India
- Agrawal Coal Company - India
- Bulk Trading Sa - Switzerland
- The Treasury - Australian Government
- Malabar Cements Ltd - India
- Antam Resourcindo - Indonesia
- London Commodity Brokers - England
- Baramulti Group, Indonesia
- Electricity Generating Authority of Thailand
- Tata Chemicals Ltd - India
- Cement Manufacturers Association - India
- Indonesian Coal Mining Association
- SMC Global Power, Philippines
- OPG Power Generation Pvt Ltd - India
- Vedanta Resources Plc - India
- Minerals Council of Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Globalindo Alam Lestari - Indonesia
- Indika Energy - Indonesia
- Altura Mining Limited, Indonesia
- Parry Sugars Refinery, India
- Grasim Industreis Ltd - India
- Binh Thuan Hamico - Vietnam
- Electricity Authority, New Zealand
- ASAPP Information Group - India
- Trasteel International SA, Italy
- Rio Tinto Coal - Australia
- Jindal Steel & Power Ltd - India
- Wilmar Investment Holdings
- Larsen & Toubro Limited - India
- McConnell Dowell - Australia
- Aboitiz Power Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Pendopo Energi Batubara - Indonesia
- Barasentosa Lestari - Indonesia
- Videocon Industries ltd - India
- Meralco Power Generation, Philippines
- The State Trading Corporation of India Ltd
- SMG Consultants - Indonesia
- Meenaskhi Energy Private Limited - India
- Siam City Cement PLC, Thailand
- SN Aboitiz Power Inc, Philippines
- Borneo Indobara - Indonesia
- Siam City Cement - Thailand
- European Bulk Services B.V. - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Bhushan Steel Limited - India
- Alfred C Toepfer International GmbH - Germany
- LBH Netherlands Bv - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Africa Commodities Group - South Africa
- Global Business Power Corporation, Philippines
- Petron Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Xindia Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Marubeni Corporation - India
- Price Waterhouse Coopers - Russia
- Georgia Ports Authority, United States
- Indo Tambangraya Megah - Indonesia
- Intertek Mineral Services - Indonesia
- Bhatia International Limited - India
- Ind-Barath Power Infra Limited - India
- Ministry of Mines - Canada
- Central Electricity Authority - India
- PetroVietnam Power Coal Import and Supply Company
- Australian Commodity Traders Exchange
- Australian Coal Association
- Thiess Contractors Indonesia
- PowerSource Philippines DevCo
- Port Waratah Coal Services - Australia
- GVK Power & Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Indian Energy Exchange, India
- Attock Cement Pakistan Limited
- San Jose City I Power Corp, Philippines
- Samtan Co., Ltd - South Korea
- Straits Asia Resources Limited - Singapore
- Commonwealth Bank - Australia
- Wood Mackenzie - Singapore
- Carbofer General Trading SA - India
- Anglo American - United Kingdom
- Bhoruka Overseas - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Mining Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sojitz Corporation - Japan
- The University of Queensland
- AsiaOL BioFuels Corp., Philippines
- India Bulls Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Bharathi Cement Corporation - India
- Thai Mozambique Logistica
- Ambuja Cements Ltd - India
- Coalindo Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Global Coal Blending Company Limited - Australia
- Gujarat Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Vizag Seaport Private Limited - India
- Savvy Resources Ltd - HongKong
- Merrill Lynch Commodities Europe
- Heidelberg Cement - Germany
- PNOC Exploration Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Kaltim Prima Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Simpson Spence & Young - Indonesia
- White Energy Company Limited
- Posco Energy - South Korea
- Gujarat Mineral Development Corp Ltd - India
- TeaM Sual Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Sical Logistics Limited - India
- Sarangani Energy Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Mercator Lines Limited - India
- Ceylon Electricity Board - Sri Lanka
- Coal and Oil Company - UAE
- Interocean Group of Companies - India
- Manunggal Multi Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Krishnapatnam Port Company Ltd. - India
- PTC India Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- ICICI Bank Limited - India
- Jorong Barutama Greston.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kapuas Tunggal Persada - Indonesia
- GAC Shipping (India) Pvt Ltd
- Star Paper Mills Limited - India
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Mjunction Services Limited - India
- Gujarat Sidhee Cement - India
- Goldman Sachs - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Central Java Power - Indonesia
- Kumho Petrochemical, South Korea
- Eastern Coal Council - USA
- Holcim Trading Pte Ltd - Singapore
- Power Finance Corporation Ltd., India
- Sindya Power Generating Company Private Ltd
- Directorate Of Revenue Intelligence - India
- Standard Chartered Bank - UAE
- Cigading International Bulk Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Chamber of Mines of South Africa
- VISA Power Limited - India
- CNBM International Corporation - China
- IHS Mccloskey Coal Group - USA
- Orica Australia Pty. Ltd.
- GN Power Mariveles Coal Plant, Philippines
- Coastal Gujarat Power Limited - India
- Therma Luzon, Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Independent Power Producers Association of India
- Mintek Dendrill Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
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