We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Sunday, 25 January 15
PANAMAX FREIGHT RATES STILL FALLING
COALspot.com: The BDI was slightly down this week to 720 points. The BDI lost 2.83 pct week on week.
The cape index continued its upward trend ...
Friday, 23 January 15
U.S. WEEKLY COAL PRODUCTION FOR WEEK ENDING JAN. 17 UP 2.5%
COALspot.com – United States the world's one of the largest coal producers, produced approximately 19.4 million short tons (mmst) of coal ...
Thursday, 22 January 15
PANAMAX: A SOFTER TONE AND OVERALL A SLUGGISH MARKET - FEARNLEYS
Handy
The handy and supra market has experienced yet another week with slow activity and softening rates in both hemispheres, broker Fearnleys AS ...
Thursday, 22 January 15
BUMI RESOURCES POSTS NET INCOME OF $13.3 MILLION 9M-2014
COALspot.com: Bumi Resources, Indonesia’s largest coal miner, reported today that, the company has recorded a net income of $13.3 million for ...
Wednesday, 21 January 15
PANAMAX MARKET MOVED SIDEWAYS OVERALL LAST WEEK - INTERMODAL
COALspot.com: The positive sentiment in which the week prior ended carried on through-out last week as well, the end of which marked the first posi ...
|
|
|
Showing 3236 to 3240 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Kartika Selabumi Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- Riau Bara Harum - Indonesia
- Xindia Steels Limited - India
- The University of Queensland
- Toyota Tsusho Corporation, Japan
- Globalindo Alam Lestari - Indonesia
- Medco Energi Mining Internasional
- IHS Mccloskey Coal Group - USA
- VISA Power Limited - India
- Wilmar Investment Holdings
- Deloitte Consulting - India
- Gujarat Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Indogreen Group - Indonesia
- Marubeni Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Finance - Indonesia
- Thiess Contractors Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Heidelberg Cement - Germany
- Tamil Nadu electricity Board
- Tata Chemicals Ltd - India
- GMR Energy Limited - India
- ASAPP Information Group - India
- Alfred C Toepfer International GmbH - Germany
- Mercator Lines Limited - India
- Kobexindo Tractors - Indoneisa
- Binh Thuan Hamico - Vietnam
- CNBM International Corporation - China
- SMG Consultants - Indonesia
- Goldman Sachs - Singapore
- Central Electricity Authority - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Mining Services - Indonesia
- Power Finance Corporation Ltd., India
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining and Power Corporation, Philippines
- ICICI Bank Limited - India
- AsiaOL BioFuels Corp., Philippines
- Kapuas Tunggal Persada - Indonesia
- Antam Resourcindo - Indonesia
- Videocon Industries ltd - India
- Borneo Indobara - Indonesia
- Madhucon Powers Ltd - India
- Bhoruka Overseas - Indonesia
- Renaissance Capital - South Africa
- Bangladesh Power Developement Board
- Bhatia International Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Pendopo Energi Batubara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Ambuja Cements Ltd - India
- Planning Commission, India
- CIMB Investment Bank - Malaysia
- Jindal Steel & Power Ltd - India
- Indo Tambangraya Megah - Indonesia
- Malabar Cements Ltd - India
- Simpson Spence & Young - Indonesia
- McConnell Dowell - Australia
- Thai Mozambique Logistica
- Economic Council, Georgia
- Global Business Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Siam City Cement PLC, Thailand
- Carbofer General Trading SA - India
- Merrill Lynch Commodities Europe
- Bahari Cakrawala Sebuku - Indonesia
- Samtan Co., Ltd - South Korea
- Holcim Trading Pte Ltd - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ind-Barath Power Infra Limited - India
- Eastern Energy - Thailand
- Straits Asia Resources Limited - Singapore
- Maheswari Brothers Coal Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Mercuria Energy - Indonesia
- Chamber of Mines of South Africa
- Lanco Infratech Ltd - India
- Sree Jayajothi Cements Limited - India
- India Bulls Power Limited - India
- Interocean Group of Companies - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Latin American Coal - Colombia
- Cement Manufacturers Association - India
- Larsen & Toubro Limited - India
- Therma Luzon, Inc, Philippines
- Aditya Birla Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kohat Cement Company Ltd. - Pakistan
- Pipit Mutiara Jaya. PT, Indonesia
- Manunggal Multi Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Petron Corporation, Philippines
- The Treasury - Australian Government
- Africa Commodities Group - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Romanian Commodities Exchange
- White Energy Company Limited
- Wood Mackenzie - Singapore
- Coal and Oil Company - UAE
- Edison Trading Spa - Italy
- Chettinad Cement Corporation Ltd - India
- Minerals Council of Australia
- Karaikal Port Pvt Ltd - India
- Sakthi Sugars Limited - India
- Miang Besar Coal Terminal - Indonesia
- Uttam Galva Steels Limited - India
- Parry Sugars Refinery, India
- GAC Shipping (India) Pvt Ltd
- GVK Power & Infra Limited - India
- Electricity Authority, New Zealand
- Port Waratah Coal Services - Australia
- TeaM Sual Corporation - Philippines
- Independent Power Producers Association of India
- Salva Resources Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- The State Trading Corporation of India Ltd
- Altura Mining Limited, Indonesia
- Coastal Gujarat Power Limited - India
- Trasteel International SA, Italy
- Energy Link Ltd, New Zealand
- Semirara Mining Corp, Philippines
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- SMC Global Power, Philippines
- Electricity Generating Authority of Thailand
- San Jose City I Power Corp, Philippines
- Rio Tinto Coal - Australia
- London Commodity Brokers - England
- Directorate General of MIneral and Coal - Indonesia
- PTC India Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Indian Energy Exchange, India
- Central Java Power - Indonesia
- Mjunction Services Limited - India
- Makarim & Taira - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Krishnapatnam Port Company Ltd. - India
- TNB Fuel Sdn Bhd - Malaysia
- Essar Steel Hazira Ltd - India
- Standard Chartered Bank - UAE
- Coalindo Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Metalloyd Limited - United Kingdom
- European Bulk Services B.V. - Netherlands
- Mintek Dendrill Indonesia
- Eastern Coal Council - USA
- Australian Coal Association
- Grasim Industreis Ltd - India
- Sarangani Energy Corporation, Philippines
- Vizag Seaport Private Limited - India
- Sindya Power Generating Company Private Ltd
- New Zealand Coal & Carbon
- MS Steel International - UAE
- Baramulti Group, Indonesia
- Singapore Mercantile Exchange
- Kaltim Prima Coal - Indonesia
- Commonwealth Bank - Australia
- Sinarmas Energy and Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Bulk Trading Sa - Switzerland
- LBH Netherlands Bv - Netherlands
- Iligan Light & Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sojitz Corporation - Japan
- Aboitiz Power Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Dalmia Cement Bharat India
- Leighton Contractors Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Barasentosa Lestari - Indonesia
- Australian Commodity Traders Exchange
- IEA Clean Coal Centre - UK
- Savvy Resources Ltd - HongKong
- Indika Energy - Indonesia
- Energy Development Corp, Philippines
- PowerSource Philippines DevCo
- Star Paper Mills Limited - India
- Posco Energy - South Korea
- Indian Oil Corporation Limited
- PNOC Exploration Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Mines - Canada
- Formosa Plastics Group - Taiwan
- Parliament of New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Agrawal Coal Company - India
- Anglo American - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Vedanta Resources Plc - India
- Ministry of Transport, Egypt
- Indonesian Coal Mining Association
- Jaiprakash Power Ventures ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kumho Petrochemical, South Korea
- Siam City Cement - Thailand
- Attock Cement Pakistan Limited
- Banpu Public Company Limited - Thailand
- Meenaskhi Energy Private Limited - India
- Oldendorff Carriers - Singapore
- Meralco Power Generation, Philippines
- OPG Power Generation Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Georgia Ports Authority, United States
- Orica Australia Pty. Ltd.
- Petrochimia International Co. Ltd.- Taiwan
- Sical Logistics Limited - India
|
| |
| |
|
