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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, 22 January 16
WEEKLY US COAL PRODUCTION ESTIMATES ALMOST FLAT
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 13.3 million shor ...
Friday, 22 January 16
COAL PRICES TO REMAIN UNDER PRESSURE THIS YEAR
COALspot.com: Indonesian coal swap delivery Q1 2016 declined month on month and week over week. The falling trend of prices for coal was continuing ...
Friday, 22 January 16
Q3' 16 FOB RICHARDS BAY COAL SWAP CLOSED AT $ 40.80; DECLINE $ 2.80 M-O-M
COALspot.com: Q1’ 2016 API4 FOB Richards Bay Coal swap up month over month and decline week over week.
The Q1’ 2016 FOB Richards B ...
Wednesday, 20 January 16
Q3'16 FOB NEWCASTLE COAL SWAP CLOSED $ 2.40 LESSER THAN Q1'16 CLOSING PRICE OF $ 38.10
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2016 delivery rose another $0.77 per ton (2.06%) this past week compared to the sam ...
Wednesday, 20 January 16
SHIPPING MARKET INSIGHT - NASOS SOULAKIS
If you believe in the “January effect”, the theory according to which the beginning of a new year has a positive effect on financial in ...
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Showing 2596 to 2600 news of total 6871 |
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- Ambuja Cements Ltd - India
- Thiess Contractors Indonesia
- Riau Bara Harum - Indonesia
- Bulk Trading Sa - Switzerland
- Trasteel International SA, Italy
- OPG Power Generation Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Kobexindo Tractors - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tamil Nadu electricity Board
- Baramulti Group, Indonesia
- Bayan Resources Tbk. - Indonesia
- Energy Development Corp, Philippines
- Standard Chartered Bank - UAE
- Chettinad Cement Corporation Ltd - India
- LBH Netherlands Bv - Netherlands
- Gujarat Sidhee Cement - India
- Savvy Resources Ltd - HongKong
- Vedanta Resources Plc - India
- Georgia Ports Authority, United States
- Barasentosa Lestari - Indonesia
- Indogreen Group - Indonesia
- Kideco Jaya Agung - Indonesia
- Globalindo Alam Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Sical Logistics Limited - India
- Coal and Oil Company - UAE
- Bukit Makmur.PT - Indonesia
- Electricity Generating Authority of Thailand
- Banpu Public Company Limited - Thailand
- Cement Manufacturers Association - India
- Timah Investasi Mineral - Indoneisa
- Economic Council, Georgia
- Eastern Coal Council - USA
- The Treasury - Australian Government
- Price Waterhouse Coopers - Russia
- Borneo Indobara - Indonesia
- Larsen & Toubro Limited - India
- Central Electricity Authority - India
- Kartika Selabumi Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Attock Cement Pakistan Limited
- Bahari Cakrawala Sebuku - Indonesia
- Independent Power Producers Association of India
- Maharashtra Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Indian Oil Corporation Limited
- Bhatia International Limited - India
- Commonwealth Bank - Australia
- Uttam Galva Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Krishnapatnam Port Company Ltd. - India
- Sakthi Sugars Limited - India
- IHS Mccloskey Coal Group - USA
- Minerals Council of Australia
- PTC India Limited - India
- Bhushan Steel Limited - India
- Lanco Infratech Ltd - India
- IEA Clean Coal Centre - UK
- Posco Energy - South Korea
- Edison Trading Spa - Italy
- Essar Steel Hazira Ltd - India
- Samtan Co., Ltd - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Finance - Indonesia
- VISA Power Limited - India
- GVK Power & Infra Limited - India
- New Zealand Coal & Carbon
- Orica Mining Services - Indonesia
- Malabar Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- GAC Shipping (India) Pvt Ltd
- Wood Mackenzie - Singapore
- Kepco SPC Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Petron Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Straits Asia Resources Limited - Singapore
- Deloitte Consulting - India
- MS Steel International - UAE
- SN Aboitiz Power Inc, Philippines
- CNBM International Corporation - China
- Jorong Barutama Greston.PT - Indonesia
- Madhucon Powers Ltd - India
- Vizag Seaport Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Global Green Power PLC Corporation, Philippines
- Latin American Coal - Colombia
- Jindal Steel & Power Ltd - India
- Grasim Industreis Ltd - India
- SMC Global Power, Philippines
- Orica Australia Pty. Ltd.
- Therma Luzon, Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Parliament of New Zealand
- Rio Tinto Coal - Australia
- PNOC Exploration Corporation - Philippines
- Singapore Mercantile Exchange
- Gujarat Mineral Development Corp Ltd - India
- Anglo American - United Kingdom
- Dalmia Cement Bharat India
- Manunggal Multi Energi - Indonesia
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Port Waratah Coal Services - Australia
- Bangladesh Power Developement Board
- Renaissance Capital - South Africa
- Sree Jayajothi Cements Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coalindo Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Ministry of Transport, Egypt
- Global Coal Blending Company Limited - Australia
- Sojitz Corporation - Japan
- Global Business Power Corporation, Philippines
- SMG Consultants - Indonesia
- Kumho Petrochemical, South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Salva Resources Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Parry Sugars Refinery, India
- Mjunction Services Limited - India
- Aditya Birla Group - India
- Sarangani Energy Corporation, Philippines
- McConnell Dowell - Australia
- Goldman Sachs - Singapore
- Bhoruka Overseas - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Indika Energy - Indonesia
- Indian Energy Exchange, India
- Meenaskhi Energy Private Limited - India
- South Luzon Thermal Energy Corporation
- Mercuria Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Medco Energi Mining Internasional
- The State Trading Corporation of India Ltd
- Thai Mozambique Logistica
- Billiton Holdings Pty Ltd - Australia
- Australian Coal Association
- Xindia Steels Limited - India
- ASAPP Information Group - India
- Marubeni Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Pipit Mutiara Jaya. PT, Indonesia
- Planning Commission, India
- Mercator Lines Limited - India
- San Jose City I Power Corp, Philippines
- Interocean Group of Companies - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- The University of Queensland
- Videocon Industries ltd - India
- Star Paper Mills Limited - India
- Romanian Commodities Exchange
- PowerSource Philippines DevCo
- Power Finance Corporation Ltd., India
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement - Thailand
- Eastern Energy - Thailand
- India Bulls Power Limited - India
- Indonesian Coal Mining Association
- Kapuas Tunggal Persada - Indonesia
- Maheswari Brothers Coal Limited - India
- White Energy Company Limited
- Rashtriya Ispat Nigam Limited - India
- International Coal Ventures Pvt Ltd - India
- Heidelberg Cement - Germany
- Sindya Power Generating Company Private Ltd
- European Bulk Services B.V. - Netherlands
- Leighton Contractors Pty Ltd - Australia
- London Commodity Brokers - England
- Binh Thuan Hamico - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Energy Link Ltd, New Zealand
- Siam City Cement PLC, Thailand
- Electricity Authority, New Zealand
- Bharathi Cement Corporation - India
- Chamber of Mines of South Africa
- Formosa Plastics Group - Taiwan
- Holcim Trading Pte Ltd - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Oldendorff Carriers - Singapore
- Wilmar Investment Holdings
- Coastal Gujarat Power Limited - India
- Kaltim Prima Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Meralco Power Generation, Philippines
- Miang Besar Coal Terminal - Indonesia
- ICICI Bank Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Central Java Power - Indonesia
- Makarim & Taira - Indonesia
- Mintek Dendrill Indonesia
- Africa Commodities Group - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Merrill Lynch Commodities Europe
- CIMB Investment Bank - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Agrawal Coal Company - India
- AsiaOL BioFuels Corp., Philippines
- Australian Commodity Traders Exchange
- Jaiprakash Power Ventures ltd
- GMR Energy Limited - India
- Carbofer General Trading SA - India
- Tata Chemicals Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Intertek Mineral Services - Indonesia
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