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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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Wednesday, 26 November 14
SHIPPING MARKET INSIGHT - EVA TZIMA
The tanker market has been enjoying some good returns lately. Ok, that may be a big understatement, but with all the ups and downs of the past year ...
Tuesday, 25 November 14
FISCAL BREAKEVEN OIL PRICES SHOW SOVEREIGN VULNERABILITY - FITCH
COALspot.com: The vulnerability of the sovereign credit profiles of net oil exporters, as shown by their fiscal breakeven oil prices, suggests that ...
Tuesday, 25 November 14
UK: TRIBUNAL RULES ON SPEED AND PERFORMANCE CLAIMS UNDER TWO CONSECUTIVE TIME CHARTERPARTIES - REED SMITH
KNOWLEDGE TO ELEVATE
“Owners not to be responsible if the vessel under the currency of this charter party stays at port or anchorage or ...
Tuesday, 25 November 14
FOB RICHARDS BAY COAL SWAP FOR Q4' 15 DELIVERY CLOSED AT US$ 68.20
COALspot.com: API 4 FOB Richards Bay Coal for delivery Q1' 2015 gained month on month, week on week and day over day.
The Q1 swap has gain ...
Tuesday, 25 November 14
SUB-BIT FOB INDONESIA COAL SWAP FOR Q2' 15 DELIVERY CLOSED AT $ 49.55
COALspot.com: Indonesian coal swaps for delivery Q1' 2015 lost month on month, gained week on week.
The Q1 swap has lost US$ 0.12 (-0.24%) ...
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Showing 3346 to 3350 news of total 6871 |
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- Global Coal Blending Company Limited - Australia
- Agrawal Coal Company - India
- Metalloyd Limited - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Interocean Group of Companies - India
- Aditya Birla Group - India
- Wilmar Investment Holdings
- Offshore Bulk Terminal Pte Ltd, Singapore
- Price Waterhouse Coopers - Russia
- Vizag Seaport Private Limited - India
- Manunggal Multi Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thai Mozambique Logistica
- Wood Mackenzie - Singapore
- Sinarmas Energy and Mining - Indonesia
- Mintek Dendrill Indonesia
- IEA Clean Coal Centre - UK
- IHS Mccloskey Coal Group - USA
- Mercator Lines Limited - India
- Goldman Sachs - Singapore
- Eastern Coal Council - USA
- Economic Council, Georgia
- Central Java Power - Indonesia
- Star Paper Mills Limited - India
- The University of Queensland
- Marubeni Corporation - India
- Anglo American - United Kingdom
- Bhatia International Limited - India
- Maheswari Brothers Coal Limited - India
- Lanco Infratech Ltd - India
- Sical Logistics Limited - India
- Indogreen Group - Indonesia
- Minerals Council of Australia
- Meenaskhi Energy Private Limited - India
- Ministry of Finance - Indonesia
- Altura Mining Limited, Indonesia
- Straits Asia Resources Limited - Singapore
- Kobexindo Tractors - Indoneisa
- Essar Steel Hazira Ltd - India
- Kumho Petrochemical, South Korea
- Energy Development Corp, Philippines
- ICICI Bank Limited - India
- Aboitiz Power Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Kaltim Prima Coal - Indonesia
- Borneo Indobara - Indonesia
- PowerSource Philippines DevCo
- Africa Commodities Group - South Africa
- Makarim & Taira - Indonesia
- Posco Energy - South Korea
- CIMB Investment Bank - Malaysia
- Kepco SPC Power Corporation, Philippines
- Renaissance Capital - South Africa
- Gujarat Sidhee Cement - India
- Romanian Commodities Exchange
- Siam City Cement PLC, Thailand
- Intertek Mineral Services - Indonesia
- Parry Sugars Refinery, India
- Georgia Ports Authority, United States
- PTC India Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Kapuas Tunggal Persada - Indonesia
- Deloitte Consulting - India
- MS Steel International - UAE
- Kartika Selabumi Mining - Indonesia
- Sakthi Sugars Limited - India
- Ambuja Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Videocon Industries ltd - India
- Binh Thuan Hamico - Vietnam
- McConnell Dowell - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- SMC Global Power, Philippines
- Coastal Gujarat Power Limited - India
- Vedanta Resources Plc - India
- Bulk Trading Sa - Switzerland
- South Luzon Thermal Energy Corporation
- Oldendorff Carriers - Singapore
- Sarangani Energy Corporation, Philippines
- Thiess Contractors Indonesia
- Singapore Mercantile Exchange
- Simpson Spence & Young - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Sojitz Corporation - Japan
- Antam Resourcindo - Indonesia
- Semirara Mining Corp, Philippines
- Xindia Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Kideco Jaya Agung - Indonesia
- Coalindo Energy - Indonesia
- Electricity Generating Authority of Thailand
- Commonwealth Bank - Australia
- Australian Commodity Traders Exchange
- London Commodity Brokers - England
- Independent Power Producers Association of India
- Barasentosa Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Orica Australia Pty. Ltd.
- LBH Netherlands Bv - Netherlands
- Siam City Cement - Thailand
- Standard Chartered Bank - UAE
- Attock Cement Pakistan Limited
- Maharashtra Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Chamber of Mines of South Africa
- Trasteel International SA, Italy
- Ministry of Mines - Canada
- Uttam Galva Steels Limited - India
- SMG Consultants - Indonesia
- Indo Tambangraya Megah - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Medco Energi Mining Internasional
- Timah Investasi Mineral - Indoneisa
- Sree Jayajothi Cements Limited - India
- San Jose City I Power Corp, Philippines
- Ministry of Transport, Egypt
- Banpu Public Company Limited - Thailand
- TeaM Sual Corporation - Philippines
- Parliament of New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Indian Energy Exchange, India
- Leighton Contractors Pty Ltd - Australia
- Bangladesh Power Developement Board
- Iligan Light & Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Larsen & Toubro Limited - India
- Australian Coal Association
- Electricity Authority, New Zealand
- Carbofer General Trading SA - India
- Formosa Plastics Group - Taiwan
- Bukit Makmur.PT - Indonesia
- Indonesian Coal Mining Association
- Mjunction Services Limited - India
- Ind-Barath Power Infra Limited - India
- Global Business Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Eastern Energy - Thailand
- Latin American Coal - Colombia
- ASAPP Information Group - India
- PNOC Exploration Corporation - Philippines
- VISA Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Coal and Oil Company - UAE
- Baramulti Group, Indonesia
- Tamil Nadu electricity Board
- The Treasury - Australian Government
- Indian Oil Corporation Limited
- Orica Mining Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Dalmia Cement Bharat India
- Krishnapatnam Port Company Ltd. - India
- Gujarat Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Directorate Of Revenue Intelligence - India
- Jaiprakash Power Ventures ltd
- AsiaOL BioFuels Corp., Philippines
- OPG Power Generation Pvt Ltd - India
- Madhucon Powers Ltd - India
- Therma Luzon, Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Sindya Power Generating Company Private Ltd
- Ceylon Electricity Board - Sri Lanka
- Petron Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Malabar Cements Ltd - India
- Bhushan Steel Limited - India
- Miang Besar Coal Terminal - Indonesia
- White Energy Company Limited
- Bahari Cakrawala Sebuku - Indonesia
- Planning Commission, India
- GMR Energy Limited - India
- Bukit Baiduri Energy - Indonesia
- Power Finance Corporation Ltd., India
- Edison Trading Spa - Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Grasim Industreis Ltd - India
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Jindal Steel & Power Ltd - India
- The State Trading Corporation of India Ltd
- Cement Manufacturers Association - India
- Mercuria Energy - Indonesia
- Bhoruka Overseas - Indonesia
- CNBM International Corporation - China
- Rashtriya Ispat Nigam Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Merrill Lynch Commodities Europe
- Karbindo Abesyapradhi - Indoneisa
- Energy Link Ltd, New Zealand
- Rio Tinto Coal - Australia
- Savvy Resources Ltd - HongKong
- PetroVietnam Power Coal Import and Supply Company
- Kohat Cement Company Ltd. - Pakistan
- Tata Chemicals Ltd - India
- New Zealand Coal & Carbon
- Cigading International Bulk Terminal - Indonesia
- Indika Energy - Indonesia
- Meralco Power Generation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Riau Bara Harum - Indonesia
- Central Electricity Authority - India
- Kalimantan Lumbung Energi - Indonesia
- Heidelberg Cement - Germany
- GVK Power & Infra Limited - India
- Bharathi Cement Corporation - India
- SN Aboitiz Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- Globalindo Alam Lestari - Indonesia
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