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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, 22 July 14
ASIAN SUB-BITUMINOUS COAL USERS' GROUP CONFERENCE
Press Release: Registration Open for Fourth Annual Asian Sub-Bituminous Coal Users’ Group Conference
Register today for this year&r ...
Monday, 21 July 14
25% OF INDIA'S POWER PLANTS WERE HAVING SUPER CRITICAL COAL STOCK - COAL AND POWER MINISTER
25% of India’s power plants were having super critical coal stock; power utilities have also been advised to enhance the import of coal - Coa ...
Monday, 21 July 14
INDONESIA'S STATE CONTROLLED COAL MINER BUKIT ASAM ENJOYED HIGHER SELLING PRICE DURING THIS STORMY MARKET
COALspot.com: PT Bukit Asam, the Indonesian government controlled coal miner announced today that, the company has produced 7.70 million tons of co ...
Monday, 21 July 14
CFR SOUTH CHINA COAL Q3 DELIVERY SWAPS LOST 16% SINCE JANUARY 17, 2014
COALspot.com: Coal price falling is continues as the impact oversupply and lower demand. Market is not showing any positive trend in near future.
...
Sunday, 20 July 14
THE FREIGHT MARKET CONTINUED ITS DOWNWARD TREND
COALspot.com: The market continued its downward trend this week as all segments were down compared to last week. The Cape and Panamax indices being ...
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- Karbindo Abesyapradhi - Indoneisa
- Bukit Makmur.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Sinarmas Energy and Mining - Indonesia
- Energy Development Corp, Philippines
- Wood Mackenzie - Singapore
- South Luzon Thermal Energy Corporation
- Bhoruka Overseas - Indonesia
- Bhatia International Limited - India
- Bhushan Steel Limited - India
- Bharathi Cement Corporation - India
- White Energy Company Limited
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Electricity Generating Authority of Thailand
- Siam City Cement PLC, Thailand
- Heidelberg Cement - Germany
- Dalmia Cement Bharat India
- Manunggal Multi Energi - Indonesia
- Malabar Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Singapore Mercantile Exchange
- Semirara Mining and Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- SMG Consultants - Indonesia
- Tamil Nadu electricity Board
- Wilmar Investment Holdings
- Simpson Spence & Young - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Larsen & Toubro Limited - India
- Eastern Coal Council - USA
- Cement Manufacturers Association - India
- Australian Coal Association
- Binh Thuan Hamico - Vietnam
- Sical Logistics Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Indonesian Coal Mining Association
- IHS Mccloskey Coal Group - USA
- Rio Tinto Coal - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Merrill Lynch Commodities Europe
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Sojitz Corporation - Japan
- IEA Clean Coal Centre - UK
- Vizag Seaport Private Limited - India
- Borneo Indobara - Indonesia
- Mintek Dendrill Indonesia
- Madhucon Powers Ltd - India
- Metalloyd Limited - United Kingdom
- Mjunction Services Limited - India
- Kobexindo Tractors - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Petron Corporation, Philippines
- Sakthi Sugars Limited - India
- Central Java Power - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Lanco Infratech Ltd - India
- Australian Commodity Traders Exchange
- Indogreen Group - Indonesia
- Edison Trading Spa - Italy
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- Maheswari Brothers Coal Limited - India
- Jaiprakash Power Ventures ltd
- Leighton Contractors Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- GN Power Mariveles Coal Plant, Philippines
- Sree Jayajothi Cements Limited - India
- Star Paper Mills Limited - India
- Medco Energi Mining Internasional
- Global Coal Blending Company Limited - Australia
- Kohat Cement Company Ltd. - Pakistan
- Indian Energy Exchange, India
- Coalindo Energy - Indonesia
- Africa Commodities Group - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Agrawal Coal Company - India
- Globalindo Alam Lestari - Indonesia
- Grasim Industreis Ltd - India
- OPG Power Generation Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Planning Commission, India
- Formosa Plastics Group - Taiwan
- Rashtriya Ispat Nigam Limited - India
- Ceylon Electricity Board - Sri Lanka
- Intertek Mineral Services - Indonesia
- Georgia Ports Authority, United States
- Trasteel International SA, Italy
- London Commodity Brokers - England
- Interocean Group of Companies - India
- Banpu Public Company Limited - Thailand
- The Treasury - Australian Government
- Bayan Resources Tbk. - Indonesia
- Straits Asia Resources Limited - Singapore
- Tata Chemicals Ltd - India
- Price Waterhouse Coopers - Russia
- PetroVietnam Power Coal Import and Supply Company
- McConnell Dowell - Australia
- MS Steel International - UAE
- Kapuas Tunggal Persada - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Aboitiz Power Corporation - Philippines
- Aditya Birla Group - India
- GMR Energy Limited - India
- GVK Power & Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Commonwealth Bank - Australia
- ICICI Bank Limited - India
- The State Trading Corporation of India Ltd
- CIMB Investment Bank - Malaysia
- Thai Mozambique Logistica
- Indo Tambangraya Megah - Indonesia
- Thiess Contractors Indonesia
- Meralco Power Generation, Philippines
- GAC Shipping (India) Pvt Ltd
- Mercator Lines Limited - India
- Barasentosa Lestari - Indonesia
- India Bulls Power Limited - India
- Xindia Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Makarim & Taira - Indonesia
- Anglo American - United Kingdom
- Kideco Jaya Agung - Indonesia
- Economic Council, Georgia
- Minerals Council of Australia
- Global Green Power PLC Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Baramulti Group, Indonesia
- Kartika Selabumi Mining - Indonesia
- Indika Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- PTC India Limited - India
- The University of Queensland
- ASAPP Information Group - India
- Orica Australia Pty. Ltd.
- San Jose City I Power Corp, Philippines
- Carbofer General Trading SA - India
- Miang Besar Coal Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Pendopo Energi Batubara - Indonesia
- Salva Resources Pvt Ltd - India
- Power Finance Corporation Ltd., India
- AsiaOL BioFuels Corp., Philippines
- Bulk Trading Sa - Switzerland
- Sarangani Energy Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Posco Energy - South Korea
- Eastern Energy - Thailand
- LBH Netherlands Bv - Netherlands
- Bangladesh Power Developement Board
- TeaM Sual Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
- Attock Cement Pakistan Limited
- Altura Mining Limited, Indonesia
- European Bulk Services B.V. - Netherlands
- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Mercuria Energy - Indonesia
- PowerSource Philippines DevCo
- Iligan Light & Power Inc, Philippines
- Deloitte Consulting - India
- Electricity Authority, New Zealand
- Standard Chartered Bank - UAE
- CNBM International Corporation - China
- Ministry of Mines - Canada
- Ind-Barath Power Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Ministry of Finance - Indonesia
- Oldendorff Carriers - Singapore
- New Zealand Coal & Carbon
- Renaissance Capital - South Africa
- Orica Mining Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coastal Gujarat Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Savvy Resources Ltd - HongKong
- Ambuja Cements Ltd - India
- Romanian Commodities Exchange
- Holcim Trading Pte Ltd - Singapore
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Indian Oil Corporation Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parry Sugars Refinery, India
- SMC Global Power, Philippines
- Siam City Cement - Thailand
- Chettinad Cement Corporation Ltd - India
- Toyota Tsusho Corporation, Japan
- Uttam Galva Steels Limited - India
- Videocon Industries ltd - India
- Therma Luzon, Inc, Philippines
- Vedanta Resources Plc - India
- Chamber of Mines of South Africa
- Independent Power Producers Association of India
- Riau Bara Harum - Indonesia
- Kumho Petrochemical, South Korea
- Port Waratah Coal Services - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Transport, Egypt
- Gujarat Sidhee Cement - India
- Jindal Steel & Power Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Essar Steel Hazira Ltd - India
- Bukit Baiduri Energy - Indonesia
- Latin American Coal - Colombia
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