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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, 30 May 16
BCI ENDING AT 830 POINTS, DOWN 4.6 PER CENT W/W
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities decline this week. The freight market was weak this past ...
Friday, 27 May 16
PET-COKE IMPORTS TO FACE PRESSURE IN INDIA
COALspot.com: An Indian environmental activist moved the National Green Tribunal seeking ban on the use of all forms of petroleum coke, also called ...
Friday, 27 May 16
US COAL PRODUCTION ROSE 2.9% WOW, ACCORDING TO EIA
COALspot.com – U.S the world’s second largest coal producer has produced approximately totaled an estimated 11.7 million short tons (mm ...
Thursday, 26 May 16
GIANT ORE CARRIERS SET TO PLAY A BIGGER ROLE IN THE GLOBAL SHIPPING FLEET: CHINA EMBRACES VALEMAXES - RICHARD SCOTT
Another phase of the giant ships era is approaching. Chinese shipowners placed orders recently for 30 huge ‘valemax’ ore carriers. Thes ...
Wednesday, 25 May 16
MEDIATION AS A WAY TO RESOLVE DISPUTES IN THE SHIPPING INDUSTRY - LANA JACOBS
KNOWLEDGE TO ELEVATE
The shipping market is currently experiencing a serious recession with the Baltic Dry Index and Baltic Capesize Index bot ...
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Showing 2416 to 2420 news of total 6871 |
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- Energy Link Ltd, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Indika Energy - Indonesia
- Interocean Group of Companies - India
- Kumho Petrochemical, South Korea
- Grasim Industreis Ltd - India
- IEA Clean Coal Centre - UK
- Baramulti Group, Indonesia
- Salva Resources Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Madhucon Powers Ltd - India
- Kaltim Prima Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mjunction Services Limited - India
- Wood Mackenzie - Singapore
- Thiess Contractors Indonesia
- Edison Trading Spa - Italy
- Mercuria Energy - Indonesia
- Global Business Power Corporation, Philippines
- Indogreen Group - Indonesia
- Binh Thuan Hamico - Vietnam
- Central Electricity Authority - India
- Essar Steel Hazira Ltd - India
- Tata Chemicals Ltd - India
- IHS Mccloskey Coal Group - USA
- Africa Commodities Group - South Africa
- AsiaOL BioFuels Corp., Philippines
- Krishnapatnam Port Company Ltd. - India
- Ministry of Mines - Canada
- GAC Shipping (India) Pvt Ltd
- Ind-Barath Power Infra Limited - India
- Attock Cement Pakistan Limited
- Cement Manufacturers Association - India
- Rashtriya Ispat Nigam Limited - India
- Karaikal Port Pvt Ltd - India
- Siam City Cement - Thailand
- CIMB Investment Bank - Malaysia
- Port Waratah Coal Services - Australia
- Ministry of Finance - Indonesia
- McConnell Dowell - Australia
- The State Trading Corporation of India Ltd
- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
- Chamber of Mines of South Africa
- Kobexindo Tractors - Indoneisa
- Bhushan Steel Limited - India
- White Energy Company Limited
- Bukit Makmur.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bhatia International Limited - India
- Riau Bara Harum - Indonesia
- ASAPP Information Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Metalloyd Limited - United Kingdom
- Videocon Industries ltd - India
- Toyota Tsusho Corporation, Japan
- Bahari Cakrawala Sebuku - Indonesia
- Standard Chartered Bank - UAE
- VISA Power Limited - India
- Straits Asia Resources Limited - Singapore
- The University of Queensland
- Ambuja Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Aditya Birla Group - India
- CNBM International Corporation - China
- Australian Commodity Traders Exchange
- Power Finance Corporation Ltd., India
- Banpu Public Company Limited - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- India Bulls Power Limited - India
- Therma Luzon, Inc, Philippines
- Deloitte Consulting - India
- PTC India Limited - India
- Dalmia Cement Bharat India
- Price Waterhouse Coopers - Russia
- Sical Logistics Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Kartika Selabumi Mining - Indonesia
- ICICI Bank Limited - India
- Mintek Dendrill Indonesia
- Bayan Resources Tbk. - Indonesia
- Indian Energy Exchange, India
- Simpson Spence & Young - Indonesia
- Posco Energy - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Economic Council, Georgia
- MS Steel International - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Makarim & Taira - Indonesia
- Jaiprakash Power Ventures ltd
- Altura Mining Limited, Indonesia
- Bharathi Cement Corporation - India
- SMC Global Power, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement PLC, Thailand
- Renaissance Capital - South Africa
- Georgia Ports Authority, United States
- Miang Besar Coal Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Marubeni Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- London Commodity Brokers - England
- Agrawal Coal Company - India
- Billiton Holdings Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Orica Mining Services - Indonesia
- Medco Energi Mining Internasional
- PowerSource Philippines DevCo
- Karbindo Abesyapradhi - Indoneisa
- LBH Netherlands Bv - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Oldendorff Carriers - Singapore
- International Coal Ventures Pvt Ltd - India
- Eastern Coal Council - USA
- Heidelberg Cement - Germany
- Goldman Sachs - Singapore
- Globalindo Alam Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Sakthi Sugars Limited - India
- Wilmar Investment Holdings
- Ministry of Transport, Egypt
- Manunggal Multi Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Vizag Seaport Private Limited - India
- Aboitiz Power Corporation - Philippines
- Anglo American - United Kingdom
- Jindal Steel & Power Ltd - India
- Energy Development Corp, Philippines
- Vedanta Resources Plc - India
- Pendopo Energi Batubara - Indonesia
- Australian Coal Association
- European Bulk Services B.V. - Netherlands
- Planning Commission, India
- Latin American Coal - Colombia
- Uttam Galva Steels Limited - India
- Central Java Power - Indonesia
- Rio Tinto Coal - Australia
- Carbofer General Trading SA - India
- Sree Jayajothi Cements Limited - India
- Orica Australia Pty. Ltd.
- Sarangani Energy Corporation, Philippines
- Lanco Infratech Ltd - India
- Parry Sugars Refinery, India
- Kepco SPC Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- South Luzon Thermal Energy Corporation
- Bangladesh Power Developement Board
- The Treasury - Australian Government
- Bukit Baiduri Energy - Indonesia
- Samtan Co., Ltd - South Korea
- SN Aboitiz Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Electricity Authority, New Zealand
- Coal and Oil Company - UAE
- Maheswari Brothers Coal Limited - India
- Malabar Cements Ltd - India
- Gujarat Sidhee Cement - India
- Xindia Steels Limited - India
- Romanian Commodities Exchange
- Independent Power Producers Association of India
- Bhoruka Overseas - Indonesia
- San Jose City I Power Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining Corp, Philippines
- Tamil Nadu electricity Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Minerals Council of Australia
- Holcim Trading Pte Ltd - Singapore
- Star Paper Mills Limited - India
- Coalindo Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- New Zealand Coal & Carbon
- Savvy Resources Ltd - HongKong
- Borneo Indobara - Indonesia
- Timah Investasi Mineral - Indoneisa
- SMG Consultants - Indonesia
- Petron Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Trasteel International SA, Italy
- OPG Power Generation Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Global Green Power PLC Corporation, Philippines
- GMR Energy Limited - India
- Intertek Mineral Services - Indonesia
- Meralco Power Generation, Philippines
- Meenaskhi Energy Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Singapore Mercantile Exchange
- TeaM Sual Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Larsen & Toubro Limited - India
- Indian Oil Corporation Limited
- Mercator Lines Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Indonesian Coal Mining Association
- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
- Chettinad Cement Corporation Ltd - India
- Electricity Generating Authority of Thailand
- Parliament of New Zealand
- Bulk Trading Sa - Switzerland
- Global Coal Blending Company Limited - Australia
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