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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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Tuesday, 08 September 15
FOB RICHARDS BAY COAL SWAPS CONTINUE TO SHOW DECLINING TREND
COALspot.com: API4 FOB Richards Bay Coal swap for delivery 4Q' 2015 declined week over week and month over month.
The 4Q swap was down US$ ...
Tuesday, 08 September 15
GANGAVARAM PORT IN INDIA DISCHARGES RECORD 112,599 MT OF STEAM COAL IN 24 HOURS
COALspot.com: Gangavaram Port, an all weather, multipurpose port with water depth up-to 21 meters, capable of handling fully laden Super Cap ...
Monday, 07 September 15
THE MINE OF THE FUTURE WILL HAVE ONLY TWO EMPLOYEES, A MAN AND A DOG - SCOTT MCGOWAN
"The Technology and Innovation in Mining 2015" production team at Information Exchange Group interviewed Scott Mcgowan, Director, Global ...
Monday, 07 September 15
FOB NEWCASTLE COAL SWAP FOR Q2' 16 DELIVERY CLOSED US CENTS 25 LOWER COMPARED TO Q4' 15
COALspot.com: API 5 FOB Newcastle Coal swap for 4Q’ 2015 delivery declined $0.73 per MT (-1.68%) month over month to US$ 42.65 per mt. The sw ...
Monday, 07 September 15
CFR SOUTH CHINA COAL SWAPS ROSE 1.1 PER CENT WEEK OVER WEEK
COALspot.com: API 8 CFR South China Coal swap for 4Q’ 2015 delivery declined just US$ 1.52 (3 %) per MT month over month.
A commodity sw ...
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Showing 2826 to 2830 news of total 6871 |
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- PTC India Limited - India
- Eastern Energy - Thailand
- Simpson Spence & Young - Indonesia
- Dalmia Cement Bharat India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Indogreen Group - Indonesia
- Banpu Public Company Limited - Thailand
- Aditya Birla Group - India
- Kobexindo Tractors - Indoneisa
- Intertek Mineral Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- PNOC Exploration Corporation - Philippines
- Planning Commission, India
- Globalindo Alam Lestari - Indonesia
- Sakthi Sugars Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- CNBM International Corporation - China
- Larsen & Toubro Limited - India
- Medco Energi Mining Internasional
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Deloitte Consulting - India
- Bharathi Cement Corporation - India
- Mjunction Services Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Indika Energy - Indonesia
- Thai Mozambique Logistica
- Essar Steel Hazira Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Karaikal Port Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Energy Link Ltd, New Zealand
- Riau Bara Harum - Indonesia
- Indo Tambangraya Megah - Indonesia
- Anglo American - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- TeaM Sual Corporation - Philippines
- Carbofer General Trading SA - India
- Vijayanagar Sugar Pvt Ltd - India
- Coal and Oil Company - UAE
- Independent Power Producers Association of India
- ASAPP Information Group - India
- Sical Logistics Limited - India
- Economic Council, Georgia
- Borneo Indobara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- European Bulk Services B.V. - Netherlands
- Latin American Coal - Colombia
- Kartika Selabumi Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- The Treasury - Australian Government
- Siam City Cement PLC, Thailand
- Bangladesh Power Developement Board
- Savvy Resources Ltd - HongKong
- Georgia Ports Authority, United States
- Aboitiz Power Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
- The State Trading Corporation of India Ltd
- Bukit Baiduri Energy - Indonesia
- Trasteel International SA, Italy
- GMR Energy Limited - India
- Manunggal Multi Energi - Indonesia
- Vedanta Resources Plc - India
- Kideco Jaya Agung - Indonesia
- Bhushan Steel Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Generating Authority of Thailand
- Global Business Power Corporation, Philippines
- Energy Development Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- New Zealand Coal & Carbon
- Minerals Council of Australia
- South Luzon Thermal Energy Corporation
- Central Java Power - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bukit Makmur.PT - Indonesia
- Mercuria Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Makarim & Taira - Indonesia
- Star Paper Mills Limited - India
- International Coal Ventures Pvt Ltd - India
- GVK Power & Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
- Grasim Industreis Ltd - India
- Vizag Seaport Private Limited - India
- Meralco Power Generation, Philippines
- India Bulls Power Limited - India
- Maheswari Brothers Coal Limited - India
- Orica Mining Services - Indonesia
- Ministry of Finance - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Gujarat Sidhee Cement - India
- Eastern Coal Council - USA
- SN Aboitiz Power Inc, Philippines
- Xindia Steels Limited - India
- Barasentosa Lestari - Indonesia
- Indian Oil Corporation Limited
- Wilmar Investment Holdings
- Formosa Plastics Group - Taiwan
- PowerSource Philippines DevCo
- Oldendorff Carriers - Singapore
- IEA Clean Coal Centre - UK
- Pendopo Energi Batubara - Indonesia
- Marubeni Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Directorate General of MIneral and Coal - Indonesia
- VISA Power Limited - India
- Sarangani Energy Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Samtan Co., Ltd - South Korea
- Mercator Lines Limited - India
- Lanco Infratech Ltd - India
- Malabar Cements Ltd - India
- Central Electricity Authority - India
- IHS Mccloskey Coal Group - USA
- SMG Consultants - Indonesia
- Ministry of Transport, Egypt
- Indian Energy Exchange, India
- Kohat Cement Company Ltd. - Pakistan
- Bukit Asam (Persero) Tbk - Indonesia
- Baramulti Group, Indonesia
- Power Finance Corporation Ltd., India
- Price Waterhouse Coopers - Russia
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Singapore Mercantile Exchange
- Interocean Group of Companies - India
- Mintek Dendrill Indonesia
- OPG Power Generation Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Ind-Barath Power Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coalindo Energy - Indonesia
- White Energy Company Limited
- Siam City Cement - Thailand
- The University of Queensland
- Posco Energy - South Korea
- Cement Manufacturers Association - India
- Bhatia International Limited - India
- Renaissance Capital - South Africa
- Iligan Light & Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Parliament of New Zealand
- Petron Corporation, Philippines
- Sojitz Corporation - Japan
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Chamber of Mines of South Africa
- Standard Chartered Bank - UAE
- Cigading International Bulk Terminal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Videocon Industries ltd - India
- Heidelberg Cement - Germany
- Tamil Nadu electricity Board
- Jindal Steel & Power Ltd - India
- Straits Asia Resources Limited - Singapore
- Tata Chemicals Ltd - India
- Attock Cement Pakistan Limited
- Billiton Holdings Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Parry Sugars Refinery, India
- Africa Commodities Group - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
- Kaltim Prima Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Coal Blending Company Limited - Australia
- Wood Mackenzie - Singapore
- Edison Trading Spa - Italy
- Altura Mining Limited, Indonesia
- Jaiprakash Power Ventures ltd
- Bhoruka Overseas - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Toyota Tsusho Corporation, Japan
- Binh Thuan Hamico - Vietnam
- Agrawal Coal Company - India
- Semirara Mining Corp, Philippines
- ICICI Bank Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Metalloyd Limited - United Kingdom
- Goldman Sachs - Singapore
- Madhucon Powers Ltd - India
- Australian Coal Association
- Ambuja Cements Ltd - India
- Romanian Commodities Exchange
- Electricity Authority, New Zealand
- MS Steel International - UAE
- Indonesian Coal Mining Association
- Port Waratah Coal Services - Australia
- Coastal Gujarat Power Limited - India
- Uttam Galva Steels Limited - India
- Australian Commodity Traders Exchange
- Antam Resourcindo - Indonesia
- Sindya Power Generating Company Private Ltd
- Bayan Resources Tbk. - Indonesia
- London Commodity Brokers - England
- SMC Global Power, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Ministry of Mines - Canada
- Thiess Contractors Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Sree Jayajothi Cements Limited - India
- San Jose City I Power Corp, Philippines
- McConnell Dowell - Australia
- Timah Investasi Mineral - Indoneisa
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