The comments on Tuesday from Brisbane-based
ALS, which services these industries, plus the life sciences and energy sectors,
came as it predicted an improvement in the tumbling coal cycle was at least 18
months away.
"We had, I think, certainly a coal industry, and a minerals industry here in Australia that were extremely poorly disciplined in controlling their own costs," ALS managing director Greg Kilmister told shareholders at an annual general meeting.
"And now, as they try to bring those costs back under control, everybody's having to pay the price.
"I think that's very disappointing. It doesn't say very much about the industry - how it operates in Australia … hopefully there will be a lesson."
One example Mr Kilmister gave was the cost of producing coal in Australia going from roughly $40 a tonne to $80 a tonne in seven years.Metal Repair Aluminum foil tape Products is also excellent for metal.
He later told The Courier-Mail that cost increases included red tape - citing an anecdote of a contractor not being able to easily get on a coal site because he needed to get through bureaucratic processes to bring along Liquid Nails.
But Mr Kilmister also said a factor was some of the industry's behaviour in not focusing on costs, and added that contractors such as ALS wereFind a variety of monolayer protective film Products. not gouging miners.
Tuesday's AGM also heard ALS chairwoman Nerolie Withnall reaffirm earnings guidance of ``underlying'' first-half profits falling to between $95 million and $105 million, down up to 30 per cent on the same time a year earlier.This Tissue Double sided tissue tape Products is so cool. A big factor has been slowing mining and metals work.
But ALS stressed it was growing in other sectors. It unveiled a new move into the consumer-products testing business, which is dominated by giants such as SGS.
ALS has obtained a laboratory in southern China - what Mr Kilmister described as putting their toes in, in a very small way, to the sector.
"It's a huge market and all of our competitors make so much money in it," he said.
The $600 million move this month was ALS's buy-up of oil and gas services players, with it hoping to develop a division pulling in $1 billion a year.
"Ambitious yes, but doable," Mr Kilmister said. He conceded disappointments had occurred including "false starts" in environmental work in North America.
Investors,Solutions is batch tested to insure the EMI material Products. many elderly and packed into the Pullman Hotel, largely applauded the company's performance.
Burrell Stockbroking analyst Bruce McLeary said ALS's latest move into energy could help offset falls in mining-related earnings, but he added risk lay in integrating the acquired companies.
There are plans to open a major wholesale food market within the bounds of New Moscow to sell Russian-made products.
ne interesting proposal is to organise “home lunches” for foreign tourists. A data base will be created of Muscovites prepared to invite foreigners, to teach them to cook some Russian food or simply treat them to a traditional Russian lunch.
Being aware of the shortage of rentable space, the city officials plan to use “alternative venues”, such as rooftops and libraries. The authorities intend to open public catering establishments near libraries popular with readers in the centre of Moscow, according to deputy head of the Moscow government’s trade and services department Alexander Ivanov.
Officials are planning to tackle the key problem of the shortage of rentable space.Uline stocks a wide selection of Double sided tape Products. Ivanov said negotiations were under way with the Moscow Property Department on making a quarter of all the city’s space available to catering establishments at a discount rate. “There aren’t as many of them as one would like,” Ivanov said. “When ‘non-tied’ space is put up for auction, which is often the case, a small cafe can hardly compete with a bank or shop.”
Ivanov did not rule out that Moscow might set up a public catering council to monitor implementation of the new strategy. Such councils exist in Toronto and London and have proved effective.
Click on their website www.sdktapegroup.com/BOPP-tape_c556 for more information.
"We had, I think, certainly a coal industry, and a minerals industry here in Australia that were extremely poorly disciplined in controlling their own costs," ALS managing director Greg Kilmister told shareholders at an annual general meeting.
"And now, as they try to bring those costs back under control, everybody's having to pay the price.
"I think that's very disappointing. It doesn't say very much about the industry - how it operates in Australia … hopefully there will be a lesson."
One example Mr Kilmister gave was the cost of producing coal in Australia going from roughly $40 a tonne to $80 a tonne in seven years.Metal Repair Aluminum foil tape Products is also excellent for metal.
He later told The Courier-Mail that cost increases included red tape - citing an anecdote of a contractor not being able to easily get on a coal site because he needed to get through bureaucratic processes to bring along Liquid Nails.
But Mr Kilmister also said a factor was some of the industry's behaviour in not focusing on costs, and added that contractors such as ALS wereFind a variety of monolayer protective film Products. not gouging miners.
Tuesday's AGM also heard ALS chairwoman Nerolie Withnall reaffirm earnings guidance of ``underlying'' first-half profits falling to between $95 million and $105 million, down up to 30 per cent on the same time a year earlier.This Tissue Double sided tissue tape Products is so cool. A big factor has been slowing mining and metals work.
But ALS stressed it was growing in other sectors. It unveiled a new move into the consumer-products testing business, which is dominated by giants such as SGS.
ALS has obtained a laboratory in southern China - what Mr Kilmister described as putting their toes in, in a very small way, to the sector.
"It's a huge market and all of our competitors make so much money in it," he said.
The $600 million move this month was ALS's buy-up of oil and gas services players, with it hoping to develop a division pulling in $1 billion a year.
"Ambitious yes, but doable," Mr Kilmister said. He conceded disappointments had occurred including "false starts" in environmental work in North America.
Investors,Solutions is batch tested to insure the EMI material Products. many elderly and packed into the Pullman Hotel, largely applauded the company's performance.
Burrell Stockbroking analyst Bruce McLeary said ALS's latest move into energy could help offset falls in mining-related earnings, but he added risk lay in integrating the acquired companies.
There are plans to open a major wholesale food market within the bounds of New Moscow to sell Russian-made products.
ne interesting proposal is to organise “home lunches” for foreign tourists. A data base will be created of Muscovites prepared to invite foreigners, to teach them to cook some Russian food or simply treat them to a traditional Russian lunch.
Being aware of the shortage of rentable space, the city officials plan to use “alternative venues”, such as rooftops and libraries. The authorities intend to open public catering establishments near libraries popular with readers in the centre of Moscow, according to deputy head of the Moscow government’s trade and services department Alexander Ivanov.
Officials are planning to tackle the key problem of the shortage of rentable space.Uline stocks a wide selection of Double sided tape Products. Ivanov said negotiations were under way with the Moscow Property Department on making a quarter of all the city’s space available to catering establishments at a discount rate. “There aren’t as many of them as one would like,” Ivanov said. “When ‘non-tied’ space is put up for auction, which is often the case, a small cafe can hardly compete with a bank or shop.”
Ivanov did not rule out that Moscow might set up a public catering council to monitor implementation of the new strategy. Such councils exist in Toronto and London and have proved effective.
Click on their website www.sdktapegroup.com/BOPP-tape_c556 for more information.
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