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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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Monday, 13 October 14
INDONESIAN COAL SWAPS FOR DELIVERY Q4' 2014 GAINED WEEK ON WEEK AND DAY ON DAY
COALspot.com: Indonesian coal swaps for delivery Q4' 2014 gained week on week and day on day.
The swap lost US$ 0.13 (-0.25%) month on mon ...
Monday, 13 October 14
Q1' 2015 CFR SOUTH CHINA COAL SWAP CLOSED US$ 0.31 PMT HIGHER THAN Q4' 2014 CLOSING
COALspot.com: API 8 CFR South China Coal swap for Q4’ 2014 delivery decreased US$ 0.66 (-1.00%) month over month and US$ 0.40 (-0.61%) ...
Sunday, 12 October 14
INDONESIA TO INDIA FREIGHT RATES ARE EXPECTED TO BE WEAK - VISTAAR
COALspot.com: This week all the segments softened. The BDI down 7.13 pct week on week and closed below 1000 points at 963 points.
The Cape ind ...
Saturday, 11 October 14
COAL PRODUCTION RISES ONLY SLIGHTLY AS GOVT LIMITS MINING OPERATIONS - THE JAKARTA POST
Indonesian coal production rose by only 4 percent in the first nine months of this year, a relatively low increase compared to previous years, as t ...
Friday, 10 October 14
INDONESIA TO DEVELOP DOWNSTREAM COAL INDUSTRY - JP
The government is planning to launch a program to develop the downstream coal industry to increase the commodity’s added value, an official h ...
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- Rashtriya Ispat Nigam Limited - India
- TeaM Sual Corporation - Philippines
- Thiess Contractors Indonesia
- Central Electricity Authority - India
- Binh Thuan Hamico - Vietnam
- ASAPP Information Group - India
- Sarangani Energy Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
- Antam Resourcindo - Indonesia
- Chettinad Cement Corporation Ltd - India
- IHS Mccloskey Coal Group - USA
- Bharathi Cement Corporation - India
- Electricity Authority, New Zealand
- Iligan Light & Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- SMG Consultants - Indonesia
- San Jose City I Power Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Minerals Council of Australia
- Kartika Selabumi Mining - Indonesia
- Lanco Infratech Ltd - India
- LBH Netherlands Bv - Netherlands
- Baramulti Group, Indonesia
- Therma Luzon, Inc, Philippines
- Electricity Generating Authority of Thailand
- Bayan Resources Tbk. - Indonesia
- Indo Tambangraya Megah - Indonesia
- Parliament of New Zealand
- Medco Energi Mining Internasional
- Aboitiz Power Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Parry Sugars Refinery, India
- Kumho Petrochemical, South Korea
- Central Java Power - Indonesia
- Kaltim Prima Coal - Indonesia
- GMR Energy Limited - India
- Agrawal Coal Company - India
- Bhushan Steel Limited - India
- Planning Commission, India
- Coastal Gujarat Power Limited - India
- Anglo American - United Kingdom
- Mercator Lines Limited - India
- Simpson Spence & Young - Indonesia
- Africa Commodities Group - South Africa
- Riau Bara Harum - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Malabar Cements Ltd - India
- Merrill Lynch Commodities Europe
- Eastern Energy - Thailand
- Thai Mozambique Logistica
- Ambuja Cements Ltd - India
- IEA Clean Coal Centre - UK
- Bukit Makmur.PT - Indonesia
- Coalindo Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Singapore Mercantile Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Timah Investasi Mineral - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Larsen & Toubro Limited - India
- MS Steel International - UAE
- Banpu Public Company Limited - Thailand
- Aditya Birla Group - India
- Commonwealth Bank - Australia
- PTC India Limited - India
- Sakthi Sugars Limited - India
- Manunggal Multi Energi - Indonesia
- Carbofer General Trading SA - India
- Sical Logistics Limited - India
- Edison Trading Spa - Italy
- CIMB Investment Bank - Malaysia
- Grasim Industreis Ltd - India
- Indogreen Group - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Orica Australia Pty. Ltd.
- McConnell Dowell - Australia
- Ind-Barath Power Infra Limited - India
- Trasteel International SA, Italy
- Borneo Indobara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- South Luzon Thermal Energy Corporation
- Makarim & Taira - Indonesia
- AsiaOL BioFuels Corp., Philippines
- European Bulk Services B.V. - Netherlands
- Samtan Co., Ltd - South Korea
- Gujarat Sidhee Cement - India
- Pipit Mutiara Jaya. PT, Indonesia
- Heidelberg Cement - Germany
- CNBM International Corporation - China
- Global Green Power PLC Corporation, Philippines
- Chamber of Mines of South Africa
- Renaissance Capital - South Africa
- Indian Energy Exchange, India
- White Energy Company Limited
- London Commodity Brokers - England
- SN Aboitiz Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Kideco Jaya Agung - Indonesia
- Uttam Galva Steels Limited - India
- Formosa Plastics Group - Taiwan
- Global Coal Blending Company Limited - Australia
- Siam City Cement - Thailand
- VISA Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Cement Manufacturers Association - India
- Oldendorff Carriers - Singapore
- PNOC Exploration Corporation - Philippines
- Posco Energy - South Korea
- Vizag Seaport Private Limited - India
- Meenaskhi Energy Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Dalmia Cement Bharat India
- Mercuria Energy - Indonesia
- SMC Global Power, Philippines
- Holcim Trading Pte Ltd - Singapore
- Directorate Of Revenue Intelligence - India
- Bhatia International Limited - India
- ICICI Bank Limited - India
- Ministry of Transport, Egypt
- Indika Energy - Indonesia
- Latin American Coal - Colombia
- PetroVietnam Power Coal Import and Supply Company
- The State Trading Corporation of India Ltd
- Barasentosa Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Vedanta Resources Plc - India
- The University of Queensland
- Savvy Resources Ltd - HongKong
- Bahari Cakrawala Sebuku - Indonesia
- Port Waratah Coal Services - Australia
- Price Waterhouse Coopers - Russia
- Standard Chartered Bank - UAE
- Kepco SPC Power Corporation, Philippines
- Coal and Oil Company - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Petron Corporation, Philippines
- Videocon Industries ltd - India
- Marubeni Corporation - India
- Economic Council, Georgia
- Wilmar Investment Holdings
- Ministry of Mines - Canada
- Gujarat Mineral Development Corp Ltd - India
- Sree Jayajothi Cements Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Goldman Sachs - Singapore
- Gujarat Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- GVK Power & Infra Limited - India
- Toyota Tsusho Corporation, Japan
- Energy Link Ltd, New Zealand
- Semirara Mining Corp, Philippines
- The Treasury - Australian Government
- Sinarmas Energy and Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Madhucon Powers Ltd - India
- Power Finance Corporation Ltd., India
- Attock Cement Pakistan Limited
- Independent Power Producers Association of India
- India Bulls Power Limited - India
- Siam City Cement PLC, Thailand
- Straits Asia Resources Limited - Singapore
- Leighton Contractors Pty Ltd - Australia
- Interocean Group of Companies - India
- Maharashtra Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Sojitz Corporation - Japan
- Rio Tinto Coal - Australia
- Bhoruka Overseas - Indonesia
- Meralco Power Generation, Philippines
- OPG Power Generation Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Mintek Dendrill Indonesia
- Orica Mining Services - Indonesia
- Indian Oil Corporation Limited
- Tamil Nadu electricity Board
- Ceylon Electricity Board - Sri Lanka
- Krishnapatnam Port Company Ltd. - India
- Intertek Mineral Services - Indonesia
- Bulk Trading Sa - Switzerland
- Indonesian Coal Mining Association
- Romanian Commodities Exchange
- Salva Resources Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Bangladesh Power Developement Board
- Jaiprakash Power Ventures ltd
- Deloitte Consulting - India
- Tata Chemicals Ltd - India
- Energy Development Corp, Philippines
- Australian Coal Association
- Maheswari Brothers Coal Limited - India
- Georgia Ports Authority, United States
- Ministry of Finance - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- PowerSource Philippines DevCo
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mjunction Services Limited - India
- Star Paper Mills Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Jindal Steel & Power Ltd - India
- Eastern Coal Council - USA
- International Coal Ventures Pvt Ltd - India
- Australian Commodity Traders Exchange
- Bukit Baiduri Energy - Indonesia
- Sindya Power Generating Company Private Ltd
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