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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, 26 May 15
FOB INDONESIA COAL SWAP; UP WEEK OVER WEEK
COALspot.com: Indonesian coal swap for delivery Q3 2015 gains week over week and lost month on month, this past week.
The Q3 swap was declined ...
Monday, 25 May 15
FOB NEWCASTLE COAL SWAP Q1'16 CLOSED LOWER THAN Q3'15 CLOSING
COALspot.com: API 5 FOB Newcastle Coal swap for Q3’ 2015 delivery gained US$ 0.92 per MT (2.07%) month over month and US$ 0.70 week on week. ...
Monday, 25 May 15
CFR SOUTH CHINA COAL SWAP : Q3, Q4'15 & Q1'16 INCREASED M-O-M AND W-O-W
COALspot.com: API 8 CFR South China Coal swap for Q3’ 2015 delivery up US$ 1.55 (3.09%) per MT month over month and US$ 0.72 (1.41%) pe ...
Sunday, 24 May 15
INDONESIA TO INDIA PANAMAX CHARTER RATES WERE RATING AT AROUND US$ 5500
COALspot.com: The freight market softened in all segments this past week.
The BDI was dropped 7.57 percent week over week and closed at 586 po ...
Friday, 22 May 15
FOB INDONESIA COAL Q3'15 SWAP FINISHED THE WEEK UP 38 CENTS TO $43.65 PER MT
COALspot.com: Indonesian coal swap for delivery Q3 2015 gains week over week and lost month on month, past week.
The Q3 swap was declined US$ ...
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Showing 3006 to 3010 news of total 6871 |
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- Coalindo Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Minerals Council of Australia
- India Bulls Power Limited - India
- Bharathi Cement Corporation - India
- Gujarat Sidhee Cement - India
- Cement Manufacturers Association - India
- Timah Investasi Mineral - Indoneisa
- Parliament of New Zealand
- Indogreen Group - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Coastal Gujarat Power Limited - India
- Commonwealth Bank - Australia
- Thiess Contractors Indonesia
- Baramulti Group, Indonesia
- Altura Mining Limited, Indonesia
- Riau Bara Harum - Indonesia
- Australian Coal Association
- Kalimantan Lumbung Energi - Indonesia
- VISA Power Limited - India
- Larsen & Toubro Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ICICI Bank Limited - India
- Formosa Plastics Group - Taiwan
- Grasim Industreis Ltd - India
- Sakthi Sugars Limited - India
- Eastern Energy - Thailand
- Global Business Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Krishnapatnam Port Company Ltd. - India
- Therma Luzon, Inc, Philippines
- Chamber of Mines of South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Alfred C Toepfer International GmbH - Germany
- SMG Consultants - Indonesia
- Marubeni Corporation - India
- Aditya Birla Group - India
- Bangladesh Power Developement Board
- SN Aboitiz Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Kobexindo Tractors - Indoneisa
- Agrawal Coal Company - India
- Anglo American - United Kingdom
- Pendopo Energi Batubara - Indonesia
- South Luzon Thermal Energy Corporation
- Ministry of Transport, Egypt
- Sarangani Energy Corporation, Philippines
- Heidelberg Cement - Germany
- Xindia Steels Limited - India
- Star Paper Mills Limited - India
- Orica Mining Services - Indonesia
- Lanco Infratech Ltd - India
- Mercator Lines Limited - India
- Bhoruka Overseas - Indonesia
- Australian Commodity Traders Exchange
- Bhatia International Limited - India
- Central Java Power - Indonesia
- Meenaskhi Energy Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Edison Trading Spa - Italy
- New Zealand Coal & Carbon
- Cigading International Bulk Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Price Waterhouse Coopers - Russia
- Romanian Commodities Exchange
- Wilmar Investment Holdings
- MS Steel International - UAE
- The Treasury - Australian Government
- PNOC Exploration Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- McConnell Dowell - Australia
- Goldman Sachs - Singapore
- Antam Resourcindo - Indonesia
- Vedanta Resources Plc - India
- Ministry of Finance - Indonesia
- Trasteel International SA, Italy
- Bahari Cakrawala Sebuku - Indonesia
- Jindal Steel & Power Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Carbofer General Trading SA - India
- Mintek Dendrill Indonesia
- Petron Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- CIMB Investment Bank - Malaysia
- Bayan Resources Tbk. - Indonesia
- Kumho Petrochemical, South Korea
- PowerSource Philippines DevCo
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- Mjunction Services Limited - India
- Electricity Authority, New Zealand
- Videocon Industries ltd - India
- Merrill Lynch Commodities Europe
- Barasentosa Lestari - Indonesia
- Energy Development Corp, Philippines
- Essar Steel Hazira Ltd - India
- Manunggal Multi Energi - Indonesia
- Makarim & Taira - Indonesia
- The State Trading Corporation of India Ltd
- Mercuria Energy - Indonesia
- Eastern Coal Council - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coal and Oil Company - UAE
- Kartika Selabumi Mining - Indonesia
- Electricity Generating Authority of Thailand
- Binh Thuan Hamico - Vietnam
- Maheswari Brothers Coal Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Planning Commission, India
- Petrochimia International Co. Ltd.- Taiwan
- Bhushan Steel Limited - India
- Metalloyd Limited - United Kingdom
- Ministry of Mines - Canada
- IEA Clean Coal Centre - UK
- Renaissance Capital - South Africa
- Kideco Jaya Agung - Indonesia
- Global Coal Blending Company Limited - Australia
- GVK Power & Infra Limited - India
- ASAPP Information Group - India
- PTC India Limited - India
- Kapuas Tunggal Persada - Indonesia
- SMC Global Power, Philippines
- Globalindo Alam Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Dalmia Cement Bharat India
- Bulk Trading Sa - Switzerland
- Pipit Mutiara Jaya. PT, Indonesia
- Latin American Coal - Colombia
- Sical Logistics Limited - India
- Interocean Group of Companies - India
- Indika Energy - Indonesia
- Energy Link Ltd, New Zealand
- Samtan Co., Ltd - South Korea
- Port Waratah Coal Services - Australia
- LBH Netherlands Bv - Netherlands
- Wood Mackenzie - Singapore
- Parry Sugars Refinery, India
- CNBM International Corporation - China
- Posco Energy - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Karaikal Port Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Singapore Mercantile Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement - Thailand
- Deloitte Consulting - India
- Indian Energy Exchange, India
- Economic Council, Georgia
- Gujarat Mineral Development Corp Ltd - India
- Orica Australia Pty. Ltd.
- Bukit Makmur.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Uttam Galva Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Malabar Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Thai Mozambique Logistica
- GN Power Mariveles Coal Plant, Philippines
- Africa Commodities Group - South Africa
- Independent Power Producers Association of India
- Standard Chartered Bank - UAE
- Tata Chemicals Ltd - India
- San Jose City I Power Corp, Philippines
- Salva Resources Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Ceylon Electricity Board - Sri Lanka
- Ambuja Cements Ltd - India
- Siam City Cement PLC, Thailand
- Semirara Mining Corp, Philippines
- Indian Oil Corporation Limited
- Rio Tinto Coal - Australia
- The University of Queensland
- Savvy Resources Ltd - HongKong
- Maharashtra Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- IHS Mccloskey Coal Group - USA
- Tamil Nadu electricity Board
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Baiduri Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Banpu Public Company Limited - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Central Electricity Authority - India
- GMR Energy Limited - India
- Asmin Koalindo Tuhup - Indonesia
- London Commodity Brokers - England
- White Energy Company Limited
- Billiton Holdings Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Borneo Indobara - Indonesia
- Medco Energi Mining Internasional
- Leighton Contractors Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Oldendorff Carriers - Singapore
- Indonesian Coal Mining Association
- Attock Cement Pakistan Limited
- Simpson Spence & Young - Indonesia
- Sree Jayajothi Cements Limited - India
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