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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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Friday, 20 May 16
U.S COAL PRODUCTION FOR THE WEEK ENDED 14 MAY TOTALED 11.4 MMST; UP 3.8% W/W
COALspot.com – U.S the world’s second largest coal producer has produced approximately totaled an estimated 11.4 million short tons (mm ...
Thursday, 19 May 16
AUSTRALIAN IRON ORE CARGOES PUSHED UP THE FREIGHT RATES FOR CAPE THIS WEEK - FEARNLEYS
Cape
It has been a big jump in the freight rates for Cape size this week, says Fearnleys in its latest weekly report. All of the Australian iron ...
Thursday, 19 May 16
DISPUTE OVER VAT ON COAL DRAGS ON, CAUSING DOUBLE-BLOW TO MINERS - JP
The dispute over the value-added tax ( VAT ) mechanism between coal miners operating under third-generation contracts and the Finance Ministry&rsqu ...
Wednesday, 18 May 16
DRY BULK OUTLOOK REMAINS GLOOMY SAYS DANISH SHIP FINANCE, AS SHIPPING NEEDS TO RETHINK BUSINESS MODEL - HELLENIC SHIPPING
Our Shipping Market Review – May 2016 is devoted to the fourth industrial revolution. To understand the truly disruptive nature of the fourth ...
Wednesday, 18 May 16
LONG TERM FUNDAMENTALS ARE SLOWLY IMPROVING FOR THE DRY BULK MARKET - INTERMODAL
As we are approaching the end of the first half of the year, there is a number of market participants over at the dry bulk sector that have started ...
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Showing 2426 to 2430 news of total 6871 |
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- Mintek Dendrill Indonesia
- Riau Bara Harum - Indonesia
- Orica Mining Services - Indonesia
- Jindal Steel & Power Ltd - India
- Electricity Authority, New Zealand
- Global Business Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Chettinad Cement Corporation Ltd - India
- Singapore Mercantile Exchange
- Latin American Coal - Colombia
- Makarim & Taira - Indonesia
- Central Java Power - Indonesia
- The State Trading Corporation of India Ltd
- Antam Resourcindo - Indonesia
- Straits Asia Resources Limited - Singapore
- Gujarat Sidhee Cement - India
- Planning Commission, India
- The University of Queensland
- Independent Power Producers Association of India
- Edison Trading Spa - Italy
- Heidelberg Cement - Germany
- Australian Coal Association
- Vedanta Resources Plc - India
- Krishnapatnam Port Company Ltd. - India
- Indika Energy - Indonesia
- Anglo American - United Kingdom
- Romanian Commodities Exchange
- CIMB Investment Bank - Malaysia
- GVK Power & Infra Limited - India
- Ministry of Mines - Canada
- Renaissance Capital - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining and Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- GMR Energy Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Xindia Steels Limited - India
- SMC Global Power, Philippines
- Holcim Trading Pte Ltd - Singapore
- Indian Oil Corporation Limited
- Star Paper Mills Limited - India
- San Jose City I Power Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Bulk Trading Sa - Switzerland
- Billiton Holdings Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Agrawal Coal Company - India
- Globalindo Alam Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Global Coal Blending Company Limited - Australia
- Dalmia Cement Bharat India
- Coalindo Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Tamil Nadu electricity Board
- Goldman Sachs - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sical Logistics Limited - India
- White Energy Company Limited
- Bukit Makmur.PT - Indonesia
- Deloitte Consulting - India
- Maharashtra Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Standard Chartered Bank - UAE
- Eastern Coal Council - USA
- Iligan Light & Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Bhoruka Overseas - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Petron Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Ind-Barath Power Infra Limited - India
- PowerSource Philippines DevCo
- Kohat Cement Company Ltd. - Pakistan
- Meralco Power Generation, Philippines
- VISA Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Bhatia International Limited - India
- Mjunction Services Limited - India
- Bukit Baiduri Energy - Indonesia
- Madhucon Powers Ltd - India
- Marubeni Corporation - India
- Kaltim Prima Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Larsen & Toubro Limited - India
- Kumho Petrochemical, South Korea
- Manunggal Multi Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Binh Thuan Hamico - Vietnam
- Energy Link Ltd, New Zealand
- Bhushan Steel Limited - India
- Sojitz Corporation - Japan
- Electricity Generating Authority of Thailand
- Cigading International Bulk Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Ministry of Finance - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Africa Commodities Group - South Africa
- Commonwealth Bank - Australia
- International Coal Ventures Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ceylon Electricity Board - Sri Lanka
- Indo Tambangraya Megah - Indonesia
- Therma Luzon, Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Indonesian Coal Mining Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Formosa Plastics Group - Taiwan
- Ministry of Transport, Egypt
- Vizag Seaport Private Limited - India
- Baramulti Group, Indonesia
- European Bulk Services B.V. - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- London Commodity Brokers - England
- Medco Energi Mining Internasional
- TNB Fuel Sdn Bhd - Malaysia
- Mercuria Energy - Indonesia
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Kideco Jaya Agung - Indonesia
- ICICI Bank Limited - India
- Trasteel International SA, Italy
- Rashtriya Ispat Nigam Limited - India
- Interocean Group of Companies - India
- PNOC Exploration Corporation - Philippines
- Barasentosa Lestari - Indonesia
- India Bulls Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Posco Energy - South Korea
- SMG Consultants - Indonesia
- Attock Cement Pakistan Limited
- Economic Council, Georgia
- Mercator Lines Limited - India
- Rio Tinto Coal - Australia
- GAC Shipping (India) Pvt Ltd
- Gujarat Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Parry Sugars Refinery, India
- Siam City Cement PLC, Thailand
- Wood Mackenzie - Singapore
- Sree Jayajothi Cements Limited - India
- PTC India Limited - India
- Aditya Birla Group - India
- Timah Investasi Mineral - Indoneisa
- Indian Energy Exchange, India
- Directorate Of Revenue Intelligence - India
- Georgia Ports Authority, United States
- Toyota Tsusho Corporation, Japan
- Price Waterhouse Coopers - Russia
- Videocon Industries ltd - India
- Maheswari Brothers Coal Limited - India
- Ambuja Cements Ltd - India
- Sakthi Sugars Limited - India
- Chamber of Mines of South Africa
- Asmin Koalindo Tuhup - Indonesia
- Energy Development Corp, Philippines
- Sarangani Energy Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Intertek Mineral Services - Indonesia
- MS Steel International - UAE
- Thai Mozambique Logistica
- The Treasury - Australian Government
- Eastern Energy - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Jaiprakash Power Ventures ltd
- ASAPP Information Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement - Thailand
- Grasim Industreis Ltd - India
- Minerals Council of Australia
- New Zealand Coal & Carbon
- Coastal Gujarat Power Limited - India
- Cement Manufacturers Association - India
- Bharathi Cement Corporation - India
- Merrill Lynch Commodities Europe
- Bangladesh Power Developement Board
- Oldendorff Carriers - Singapore
- Central Electricity Authority - India
- Borneo Indobara - Indonesia
- Australian Commodity Traders Exchange
- McConnell Dowell - Australia
- Orica Australia Pty. Ltd.
- Vijayanagar Sugar Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- IEA Clean Coal Centre - UK
- Kartika Selabumi Mining - Indonesia
- Uttam Galva Steels Limited - India
- Parliament of New Zealand
- Indogreen Group - Indonesia
- Essar Steel Hazira Ltd - India
- Carbofer General Trading SA - India
- Bayan Resources Tbk. - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Global Green Power PLC Corporation, Philippines
- Lanco Infratech Ltd - India
- CNBM International Corporation - China
- Karaikal Port Pvt Ltd - India
- Wilmar Investment Holdings
- Thiess Contractors Indonesia
- Sindya Power Generating Company Private Ltd
- Coal and Oil Company - UAE
- Semirara Mining Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Pendopo Energi Batubara - Indonesia
- Malabar Cements Ltd - India
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