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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, 22 January 16
WEEKLY US COAL PRODUCTION ESTIMATES ALMOST FLAT
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 13.3 million shor ...
Friday, 22 January 16
COAL PRICES TO REMAIN UNDER PRESSURE THIS YEAR
COALspot.com: Indonesian coal swap delivery Q1 2016 declined month on month and week over week. The falling trend of prices for coal was continuing ...
Friday, 22 January 16
Q3' 16 FOB RICHARDS BAY COAL SWAP CLOSED AT $ 40.80; DECLINE $ 2.80 M-O-M
COALspot.com: Q1’ 2016 API4 FOB Richards Bay Coal swap up month over month and decline week over week.
The Q1’ 2016 FOB Richards B ...
Wednesday, 20 January 16
Q3'16 FOB NEWCASTLE COAL SWAP CLOSED $ 2.40 LESSER THAN Q1'16 CLOSING PRICE OF $ 38.10
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2016 delivery rose another $0.77 per ton (2.06%) this past week compared to the sam ...
Wednesday, 20 January 16
SHIPPING MARKET INSIGHT - NASOS SOULAKIS
If you believe in the “January effect”, the theory according to which the beginning of a new year has a positive effect on financial in ...
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- Ind-Barath Power Infra Limited - India
- Siam City Cement PLC, Thailand
- ASAPP Information Group - India
- Coastal Gujarat Power Limited - India
- Antam Resourcindo - Indonesia
- Semirara Mining Corp, Philippines
- Ambuja Cements Ltd - India
- Lanco Infratech Ltd - India
- Orica Australia Pty. Ltd.
- Directorate Of Revenue Intelligence - India
- Globalindo Alam Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Planning Commission, India
- Baramulti Group, Indonesia
- Dalmia Cement Bharat India
- Kobexindo Tractors - Indoneisa
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
- Tata Chemicals Ltd - India
- Georgia Ports Authority, United States
- Eastern Energy - Thailand
- Star Paper Mills Limited - India
- Parliament of New Zealand
- Miang Besar Coal Terminal - Indonesia
- GMR Energy Limited - India
- Economic Council, Georgia
- Meenaskhi Energy Private Limited - India
- Heidelberg Cement - Germany
- Jindal Steel & Power Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Parry Sugars Refinery, India
- India Bulls Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- OPG Power Generation Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Videocon Industries ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Makarim & Taira - Indonesia
- Australian Coal Association
- The State Trading Corporation of India Ltd
- Wood Mackenzie - Singapore
- Rashtriya Ispat Nigam Limited - India
- Marubeni Corporation - India
- Agrawal Coal Company - India
- Independent Power Producers Association of India
- PNOC Exploration Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Sakthi Sugars Limited - India
- Deloitte Consulting - India
- Banpu Public Company Limited - Thailand
- Billiton Holdings Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Thiess Contractors Indonesia
- Central Electricity Authority - India
- Cement Manufacturers Association - India
- Minerals Council of Australia
- Anglo American - United Kingdom
- Chamber of Mines of South Africa
- London Commodity Brokers - England
- Trasteel International SA, Italy
- Grasim Industreis Ltd - India
- Vizag Seaport Private Limited - India
- Port Waratah Coal Services - Australia
- Kumho Petrochemical, South Korea
- GN Power Mariveles Coal Plant, Philippines
- Indika Energy - Indonesia
- Borneo Indobara - Indonesia
- Bharathi Cement Corporation - India
- Uttam Galva Steels Limited - India
- Commonwealth Bank - Australia
- Global Green Power PLC Corporation, Philippines
- Ministry of Finance - Indonesia
- VISA Power Limited - India
- Indian Energy Exchange, India
- Sindya Power Generating Company Private Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Samtan Co., Ltd - South Korea
- Binh Thuan Hamico - Vietnam
- Power Finance Corporation Ltd., India
- Ceylon Electricity Board - Sri Lanka
- Altura Mining Limited, Indonesia
- Manunggal Multi Energi - Indonesia
- Ministry of Transport, Egypt
- Bayan Resources Tbk. - Indonesia
- Indian Oil Corporation Limited
- Petron Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- New Zealand Coal & Carbon
- Bhatia International Limited - India
- Kapuas Tunggal Persada - Indonesia
- Mercuria Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Mercator Lines Limited - India
- SMC Global Power, Philippines
- Aditya Birla Group - India
- Sinarmas Energy and Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Salva Resources Pvt Ltd - India
- Coalindo Energy - Indonesia
- Eastern Coal Council - USA
- Indo Tambangraya Megah - Indonesia
- Bhushan Steel Limited - India
- PowerSource Philippines DevCo
- Bulk Trading Sa - Switzerland
- San Jose City I Power Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- GVK Power & Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- IHS Mccloskey Coal Group - USA
- Mjunction Services Limited - India
- IEA Clean Coal Centre - UK
- LBH Netherlands Bv - Netherlands
- Standard Chartered Bank - UAE
- Global Coal Blending Company Limited - Australia
- The Treasury - Australian Government
- Siam City Cement - Thailand
- Medco Energi Mining Internasional
- Maharashtra Electricity Regulatory Commission - India
- White Energy Company Limited
- Kideco Jaya Agung - Indonesia
- Straits Asia Resources Limited - Singapore
- Attock Cement Pakistan Limited
- Barasentosa Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Sojitz Corporation - Japan
- Savvy Resources Ltd - HongKong
- Cigading International Bulk Terminal - Indonesia
- Coal and Oil Company - UAE
- The University of Queensland
- Global Business Power Corporation, Philippines
- PTC India Limited - India
- Sarangani Energy Corporation, Philippines
- Indonesian Coal Mining Association
- Posco Energy - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Goldman Sachs - Singapore
- Singapore Mercantile Exchange
- Maheswari Brothers Coal Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wilmar Investment Holdings
- Africa Commodities Group - South Africa
- GAC Shipping (India) Pvt Ltd
- Larsen & Toubro Limited - India
- Kepco SPC Power Corporation, Philippines
- CNBM International Corporation - China
- Metalloyd Limited - United Kingdom
- Energy Development Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chettinad Cement Corporation Ltd - India
- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Madhucon Powers Ltd - India
- ICICI Bank Limited - India
- Leighton Contractors Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Ministry of Mines - Canada
- Romanian Commodities Exchange
- Formosa Plastics Group - Taiwan
- MS Steel International - UAE
- Vedanta Resources Plc - India
- Bangladesh Power Developement Board
- Pendopo Energi Batubara - Indonesia
- Toyota Tsusho Corporation, Japan
- Edison Trading Spa - Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Sidhee Cement - India
- Pipit Mutiara Jaya. PT, Indonesia
- Indogreen Group - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Timah Investasi Mineral - Indoneisa
- Malabar Cements Ltd - India
- Carbofer General Trading SA - India
- Rio Tinto Coal - Australia
- Merrill Lynch Commodities Europe
- Bukit Makmur.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Australian Commodity Traders Exchange
- SMG Consultants - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Mintek Dendrill Indonesia
- Electricity Generating Authority of Thailand
- Orica Mining Services - Indonesia
- Meralco Power Generation, Philippines
- Energy Link Ltd, New Zealand
- Price Waterhouse Coopers - Russia
- Riau Bara Harum - Indonesia
- Oldendorff Carriers - Singapore
- CIMB Investment Bank - Malaysia
- Renaissance Capital - South Africa
- Karbindo Abesyapradhi - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Xindia Steels Limited - India
- Simpson Spence & Young - Indonesia
- McConnell Dowell - Australia
- Sical Logistics Limited - India
- Tamil Nadu electricity Board
- Electricity Authority, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Thai Mozambique Logistica
- Holcim Trading Pte Ltd - Singapore
- Interocean Group of Companies - India
- Jorong Barutama Greston.PT - Indonesia
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