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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, 28 July 15
INDONESIA DELAYS PLAN TO RAISE COAL ROYALTIES AMID PLUNGING PRICE - JP
The government will postpone a plan to increase royalty payments from coal miners as they are already burdened with the commodity’s plunging ...
Tuesday, 28 July 15
API 5 FOB NEWCASTLE COAL SWAP LOST M-M AND GAINED W-W
COALspot.com: API 5 FOB Newcastle Coal swap for Q3’ 2015 delivery down $ 1.15 per MT (-2.51%) month over month to US$ 44.62 per mt. The swap ...
Monday, 27 July 15
KOMIPO INVITES BIDS FOR TOTAL 545,000 MT OF COAL FOR BORYEONG POWER PLANT
COALspot.com: South Korean state-owned utility Korea Midland Power (KOMIPO) issued an new tender to purchase total 545,000 Metric Tons (MT) of coal ...
Monday, 27 July 15
CFR SOUTH CHINA COAL SWAP WEAK M/M; FIRM W/W
COALspot.com: API 8 CFR South China Coal swap for Q3’ 2015 delivery declined US$ 0.92 (1.77%) per MT month over month.
A commodity swap ...
Sunday, 26 July 15
INDO-INDIA OCEAN COAL FREIGHT RATES REMAIN STEADY
COALspot.com: The freight market continued lost steam towards end of the week and all indices were showing downward trend.
The BDI was up by 3 ...
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Showing 2901 to 2905 news of total 6871 |
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- Coastal Gujarat Power Limited - India
- Interocean Group of Companies - India
- Eastern Coal Council - USA
- Indonesian Coal Mining Association
- GN Power Mariveles Coal Plant, Philippines
- TeaM Sual Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Power Finance Corporation Ltd., India
- European Bulk Services B.V. - Netherlands
- Wilmar Investment Holdings
- Anglo American - United Kingdom
- Chettinad Cement Corporation Ltd - India
- VISA Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Australian Commodity Traders Exchange
- Kobexindo Tractors - Indoneisa
- Parry Sugars Refinery, India
- Sinarmas Energy and Mining - Indonesia
- ICICI Bank Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Mines - Canada
- Cigading International Bulk Terminal - Indonesia
- Minerals Council of Australia
- Essar Steel Hazira Ltd - India
- Singapore Mercantile Exchange
- Kalimantan Lumbung Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Karaikal Port Pvt Ltd - India
- Baramulti Group, Indonesia
- Parliament of New Zealand
- Therma Luzon, Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Meralco Power Generation, Philippines
- Tamil Nadu electricity Board
- Bayan Resources Tbk. - Indonesia
- Grasim Industreis Ltd - India
- Jindal Steel & Power Ltd - India
- Central Electricity Authority - India
- Vizag Seaport Private Limited - India
- Carbofer General Trading SA - India
- PNOC Exploration Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Medco Energi Mining Internasional
- Toyota Tsusho Corporation, Japan
- Xindia Steels Limited - India
- Mercuria Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Rio Tinto Coal - Australia
- Merrill Lynch Commodities Europe
- Kepco SPC Power Corporation, Philippines
- Independent Power Producers Association of India
- AsiaOL BioFuels Corp., Philippines
- Bukit Makmur.PT - Indonesia
- Thai Mozambique Logistica
- TNB Fuel Sdn Bhd - Malaysia
- PowerSource Philippines DevCo
- PTC India Limited - India
- Africa Commodities Group - South Africa
- Indo Tambangraya Megah - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Salva Resources Pvt Ltd - India
- The University of Queensland
- The State Trading Corporation of India Ltd
- Marubeni Corporation - India
- Aditya Birla Group - India
- Energy Development Corp, Philippines
- Bulk Trading Sa - Switzerland
- India Bulls Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Savvy Resources Ltd - HongKong
- Orica Mining Services - Indonesia
- Posco Energy - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Meenaskhi Energy Private Limited - India
- Cement Manufacturers Association - India
- MS Steel International - UAE
- Eastern Energy - Thailand
- Ministry of Transport, Egypt
- New Zealand Coal & Carbon
- Offshore Bulk Terminal Pte Ltd, Singapore
- Globalindo Alam Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Thiess Contractors Indonesia
- Indian Oil Corporation Limited
- International Coal Ventures Pvt Ltd - India
- SMG Consultants - Indonesia
- Binh Thuan Hamico - Vietnam
- Metalloyd Limited - United Kingdom
- Samtan Co., Ltd - South Korea
- Central Java Power - Indonesia
- Bharathi Cement Corporation - India
- Bukit Baiduri Energy - Indonesia
- Orica Australia Pty. Ltd.
- Coalindo Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Authority, New Zealand
- Formosa Plastics Group - Taiwan
- GVK Power & Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Agrawal Coal Company - India
- Deloitte Consulting - India
- Mjunction Services Limited - India
- Siam City Cement PLC, Thailand
- Riau Bara Harum - Indonesia
- CIMB Investment Bank - Malaysia
- Australian Coal Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Makarim & Taira - Indonesia
- Global Business Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Antam Resourcindo - Indonesia
- Economic Council, Georgia
- Maheswari Brothers Coal Limited - India
- Standard Chartered Bank - UAE
- Global Green Power PLC Corporation, Philippines
- Ambuja Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Price Waterhouse Coopers - Russia
- Goldman Sachs - Singapore
- Banpu Public Company Limited - Thailand
- London Commodity Brokers - England
- Barasentosa Lestari - Indonesia
- Wood Mackenzie - Singapore
- Rashtriya Ispat Nigam Limited - India
- Kumho Petrochemical, South Korea
- CNBM International Corporation - China
- Aboitiz Power Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Borneo Indobara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Mintek Dendrill Indonesia
- Oldendorff Carriers - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- South Luzon Thermal Energy Corporation
- Bhatia International Limited - India
- Pendopo Energi Batubara - Indonesia
- The Treasury - Australian Government
- Indogreen Group - Indonesia
- Madhucon Powers Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sindya Power Generating Company Private Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ind-Barath Power Infra Limited - India
- Renaissance Capital - South Africa
- Kartika Selabumi Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Global Coal Blending Company Limited - Australia
- PetroVietnam Power Coal Import and Supply Company
- GMR Energy Limited - India
- Videocon Industries ltd - India
- SMC Global Power, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Heidelberg Cement - Germany
- IHS Mccloskey Coal Group - USA
- Bangladesh Power Developement Board
- Larsen & Toubro Limited - India
- Bhushan Steel Limited - India
- McConnell Dowell - Australia
- Altura Mining Limited, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- White Energy Company Limited
- Edison Trading Spa - Italy
- Gujarat Sidhee Cement - India
- Asmin Koalindo Tuhup - Indonesia
- Manunggal Multi Energi - Indonesia
- Sical Logistics Limited - India
- Star Paper Mills Limited - India
- Port Waratah Coal Services - Australia
- Romanian Commodities Exchange
- Holcim Trading Pte Ltd - Singapore
- Commonwealth Bank - Australia
- Karbindo Abesyapradhi - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Latin American Coal - Colombia
- Maharashtra Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Vedanta Resources Plc - India
- Uttam Galva Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Lanco Infratech Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Dalmia Cement Bharat India
- Sree Jayajothi Cements Limited - India
- Electricity Generating Authority of Thailand
- Sakthi Sugars Limited - India
- Attock Cement Pakistan Limited
- Siam City Cement - Thailand
- Intertek Mineral Services - Indonesia
- ASAPP Information Group - India
- Jaiprakash Power Ventures ltd
- Indian Energy Exchange, India
- IEA Clean Coal Centre - UK
- Petron Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Planning Commission, India
- Chamber of Mines of South Africa
- Sojitz Corporation - Japan
- Trasteel International SA, Italy
- Mercator Lines Limited - India
- Coal and Oil Company - UAE
- Georgia Ports Authority, United States
- Malabar Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Indika Energy - Indonesia
- Tata Chemicals Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
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