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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, 09 July 14
SHIPPING MARKET INSIGHT - PANOS TSILINGIRIS
The mini-boom in dry bulker values catapulted ship prices too fast too far over the last one-and-a-half year. The concurrence of historically low p ...
Tuesday, 08 July 14
INDONESIAN COAL PRICE REFERENCE FALL AGAIN IN JULY; LOST 1.62%
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia again revised down the coal bench mark price in July. HBA for month of J ...
Tuesday, 08 July 14
ENERGY IN THE MIX - INTERMODAL SHIPBROKERS
With the Tanker freight market having showed much promise this year compared to the performance that had been noted during the previous five, it is ...
Monday, 07 July 14
INDONESIA STATE-CONTROLLED COAL MINER BUKIT ASAM TO TRADE COAL ON-LINE THROUGH JFX
COALspot.com: Indonesian state owned coal miner PT Tambang Batubara Bukit Asam Tbk (PTBA) has teamed up with Jakarta Futures Exchange (JFX) to sell ...
Monday, 07 July 14
RBCT, THE WORLD'S SINGLE LARGEST EXPORT COAL TERMINAL SHIPPED 31.91 MMT OF COAL IN H1 2014
COALspot.com: South Africa's Richards Bay Coal Terminal (RBCT) the world’s single largest export coal terminal, shipped 31.91 million ton ...
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Showing 3616 to 3620 news of total 6871 |
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- Kartika Selabumi Mining - Indonesia
- Parliament of New Zealand
- Kepco SPC Power Corporation, Philippines
- Marubeni Corporation - India
- Electricity Authority, New Zealand
- Straits Asia Resources Limited - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bharathi Cement Corporation - India
- Eastern Energy - Thailand
- Wood Mackenzie - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Manunggal Multi Energi - Indonesia
- Ministry of Mines - Canada
- Jaiprakash Power Ventures ltd
- Independent Power Producers Association of India
- McConnell Dowell - Australia
- Indo Tambangraya Megah - Indonesia
- Mjunction Services Limited - India
- Australian Coal Association
- Cement Manufacturers Association - India
- Bhoruka Overseas - Indonesia
- Ind-Barath Power Infra Limited - India
- Vizag Seaport Private Limited - India
- SMC Global Power, Philippines
- Power Finance Corporation Ltd., India
- Iligan Light & Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Siam City Cement - Thailand
- Cigading International Bulk Terminal - Indonesia
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
- VISA Power Limited - India
- Sical Logistics Limited - India
- Binh Thuan Hamico - Vietnam
- Chamber of Mines of South Africa
- Indian Oil Corporation Limited
- Eastern Coal Council - USA
- GN Power Mariveles Coal Plant, Philippines
- Rashtriya Ispat Nigam Limited - India
- Bangladesh Power Developement Board
- Salva Resources Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Vedanta Resources Plc - India
- Electricity Generating Authority of Thailand
- Africa Commodities Group - South Africa
- Star Paper Mills Limited - India
- CIMB Investment Bank - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Coal and Oil Company - UAE
- ASAPP Information Group - India
- Globalindo Alam Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Latin American Coal - Colombia
- Gujarat Mineral Development Corp Ltd - India
- Kideco Jaya Agung - Indonesia
- SN Aboitiz Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Gujarat Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kapuas Tunggal Persada - Indonesia
- Dalmia Cement Bharat India
- Renaissance Capital - South Africa
- Wilmar Investment Holdings
- Standard Chartered Bank - UAE
- Formosa Plastics Group - Taiwan
- Central Electricity Authority - India
- MS Steel International - UAE
- Holcim Trading Pte Ltd - Singapore
- Kumho Petrochemical, South Korea
- Indonesian Coal Mining Association
- GVK Power & Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Deloitte Consulting - India
- White Energy Company Limited
- Global Coal Blending Company Limited - Australia
- Simpson Spence & Young - Indonesia
- European Bulk Services B.V. - Netherlands
- Madhucon Powers Ltd - India
- Baramulti Group, Indonesia
- Tamil Nadu electricity Board
- Agrawal Coal Company - India
- Ceylon Electricity Board - Sri Lanka
- Mercator Lines Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Alfred C Toepfer International GmbH - Germany
- The Treasury - Australian Government
- Malabar Cements Ltd - India
- Attock Cement Pakistan Limited
- Savvy Resources Ltd - HongKong
- PowerSource Philippines DevCo
- Uttam Galva Steels Limited - India
- Therma Luzon, Inc, Philippines
- SMG Consultants - Indonesia
- Mercuria Energy - Indonesia
- Goldman Sachs - Singapore
- Sindya Power Generating Company Private Ltd
- New Zealand Coal & Carbon
- Maharashtra Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Coastal Gujarat Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Singapore Mercantile Exchange
- Bukit Makmur.PT - Indonesia
- Aditya Birla Group - India
- Asmin Koalindo Tuhup - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Commonwealth Bank - Australia
- The State Trading Corporation of India Ltd
- Antam Resourcindo - Indonesia
- Ambuja Cements Ltd - India
- Grasim Industreis Ltd - India
- Price Waterhouse Coopers - Russia
- Videocon Industries ltd - India
- Economic Council, Georgia
- IHS Mccloskey Coal Group - USA
- Ministry of Finance - Indonesia
- Sree Jayajothi Cements Limited - India
- Energy Link Ltd, New Zealand
- Meralco Power Generation, Philippines
- Rio Tinto Coal - Australia
- The University of Queensland
- TeaM Sual Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Indika Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- ICICI Bank Limited - India
- Bhushan Steel Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- PTC India Limited - India
- Timah Investasi Mineral - Indoneisa
- Indian Energy Exchange, India
- South Luzon Thermal Energy Corporation
- Karaikal Port Pvt Ltd - India
- Borneo Indobara - Indonesia
- PNOC Exploration Corporation - Philippines
- Oldendorff Carriers - Singapore
- Bhatia International Limited - India
- Intertek Mineral Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- Petron Corporation, Philippines
- Australian Commodity Traders Exchange
- Ministry of Transport, Egypt
- San Jose City I Power Corp, Philippines
- Heidelberg Cement - Germany
- Port Waratah Coal Services - Australia
- Edison Trading Spa - Italy
- Essar Steel Hazira Ltd - India
- Lanco Infratech Ltd - India
- Orica Australia Pty. Ltd.
- Planning Commission, India
- Directorate Of Revenue Intelligence - India
- Bulk Trading Sa - Switzerland
- GMR Energy Limited - India
- Xindia Steels Limited - India
- Thai Mozambique Logistica
- Sakthi Sugars Limited - India
- Parry Sugars Refinery, India
- Semirara Mining and Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Jindal Steel & Power Ltd - India
- Trasteel International SA, Italy
- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- Pendopo Energi Batubara - Indonesia
- Toyota Tsusho Corporation, Japan
- Larsen & Toubro Limited - India
- Directorate General of MIneral and Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Gujarat Sidhee Cement - India
- Orica Mining Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Chettinad Cement Corporation Ltd - India
- Anglo American - United Kingdom
- Thiess Contractors Indonesia
- Metalloyd Limited - United Kingdom
- LBH Netherlands Bv - Netherlands
- Altura Mining Limited, Indonesia
- Carbofer General Trading SA - India
- London Commodity Brokers - England
- CNBM International Corporation - China
- Energy Development Corp, Philippines
- Coalindo Energy - Indonesia
- Minerals Council of Australia
- Interocean Group of Companies - India
- Leighton Contractors Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Central Java Power - Indonesia
- India Bulls Power Limited - India
- Posco Energy - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Tata Chemicals Ltd - India
- Medco Energi Mining Internasional
- IEA Clean Coal Centre - UK
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Georgia Ports Authority, United States
- Banpu Public Company Limited - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Krishnapatnam Port Company Ltd. - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Business Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement PLC, Thailand
- Romanian Commodities Exchange
- Indogreen Group - Indonesia
- Global Green Power PLC Corporation, Philippines
- Merrill Lynch Commodities Europe
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