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Friday, 04 December 15
MINING OUTLOOK WEAKENS FURTHER ON FALLING CHINESE DEMAND - FITCH
 COALspot.com: Fitch Ratings' outlook for the global mining sector in 2016 is firmly negative, reflecting our view that Chinese demand will continue to weaken in the coming year and that commodities will remain deeply unpopular with investors.
According to Fitch, the slowdown in Chinese demand has already created substantial oversupply in some commodities, including iron ore and aluminium, and we expect this trend to continue in 2016 as the Chinese economy undergoes a gradual deleveraging and transition from investment to consumer-led growth. Average prices for these two commodities are therefore likely to be lower in 2016, as are prices for copper and zinc. Nickel could prove an exception to the trend, due to mine closures and falling Chinese nickel pig iron production, but this is far from certain.
Most mining companies now have weak credit profiles for their current rating, and this is reflected in the fact that most large international mining companies are on Negative Outlook or Rating Watch Negative.
" We expect companies to continue to focus on cost control and short-term liquidity management in 2016. But they will find it harder to use cost cuts to aid debt reduction because the falling diesel prices and beneficial exchange rate moves that helped them in 2015 are unlikely to be repeated. Big reductions in capex budgets are similarly largely complete' Says Fitch.
"This means more mining companies are likely to come under increasing pressure to cut their dividends to boost free cash flow in 2016 following relatively modest reductions in shareholder returns so far, Fitch concluded.
For more information on our expectations for the sector, see the report "2016 Outlook: Global Mining" available at www.fitchratings.com
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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 ...
Tuesday, 19 January 16
HAPPY NEW YEAR, COAL PRODUCERS! OR MAYBE NOT - ANDY ROBERTS
To coal producers, 2015 must have seemed far longer than 365 days. From their perspective, as bad as markets were at the beginning of the year, and ...
Tuesday, 19 January 16
COALTRANS ASIA IS RETURNING TO BALI
22nd Coaltrans Asia
Coaltrans Asia is returning to Bali to bring together over 1000 industry decision makers and thought leaders for three day ...
Monday, 18 January 16
INDONESIAN 5700 GAR COAL INDEX ROSE 0.60% WEEK OVER WEEK
COALspot.com: Average 5000 GAR coal index of Indonesian origin decline slightly week over week to averaging $39.93 per ton on this past Friday, acc ...
Monday, 18 January 16
BALTIC DRY SHIPPING INDEX DROPS TO 373 POINTS; DECLINE 13% WEEK OVER WEEK
COALspot.com: The freight market dropped this week as the BDI declined further 13 percent to 373 points week over week. The Cape index ...
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- Meralco Power Generation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- GMR Energy Limited - India
- Xindia Steels Limited - India
- Ministry of Finance - Indonesia
- Videocon Industries ltd - India
- International Coal Ventures Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Orica Mining Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Pendopo Energi Batubara - Indonesia
- Savvy Resources Ltd - HongKong
- Therma Luzon, Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Makarim & Taira - Indonesia
- Kumho Petrochemical, South Korea
- Miang Besar Coal Terminal - Indonesia
- Mercator Lines Limited - India
- Leighton Contractors Pty Ltd - Australia
- McConnell Dowell - Australia
- Cigading International Bulk Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Indogreen Group - Indonesia
- Iligan Light & Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Kapuas Tunggal Persada - Indonesia
- Minerals Council of Australia
- Bangladesh Power Developement Board
- Globalindo Alam Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Ceylon Electricity Board - Sri Lanka
- Larsen & Toubro Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Thiess Contractors Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Latin American Coal - Colombia
- Mercuria Energy - Indonesia
- Petron Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Salva Resources Pvt Ltd - India
- Uttam Galva Steels Limited - India
- The State Trading Corporation of India Ltd
- Directorate Of Revenue Intelligence - India
- Wood Mackenzie - Singapore
- Coalindo Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- SMG Consultants - Indonesia
- European Bulk Services B.V. - Netherlands
- Tamil Nadu electricity Board
- Timah Investasi Mineral - Indoneisa
- CIMB Investment Bank - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining Corp, Philippines
- Siam City Cement PLC, Thailand
- Kaltim Prima Coal - Indonesia
- Indian Oil Corporation Limited
- Siam City Cement - Thailand
- Bukit Baiduri Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Banpu Public Company Limited - Thailand
- MS Steel International - UAE
- Mjunction Services Limited - India
- Romanian Commodities Exchange
- Bharathi Cement Corporation - India
- Malabar Cements Ltd - India
- TeaM Sual Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Bulk Trading Sa - Switzerland
- Central Electricity Authority - India
- Kobexindo Tractors - Indoneisa
- Toyota Tsusho Corporation, Japan
- Indonesian Coal Mining Association
- Heidelberg Cement - Germany
- Maheswari Brothers Coal Limited - India
- Ambuja Cements Ltd - India
- Jaiprakash Power Ventures ltd
- Planning Commission, India
- SN Aboitiz Power Inc, Philippines
- White Energy Company Limited
- Rashtriya Ispat Nigam Limited - India
- ICICI Bank Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- PowerSource Philippines DevCo
- Africa Commodities Group - South Africa
- Price Waterhouse Coopers - Russia
- Port Waratah Coal Services - Australia
- Manunggal Multi Energi - Indonesia
- Marubeni Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Mintek Dendrill Indonesia
- Global Green Power PLC Corporation, Philippines
- Rio Tinto Coal - Australia
- Independent Power Producers Association of India
- Borneo Indobara - Indonesia
- Chamber of Mines of South Africa
- Coastal Gujarat Power Limited - India
- Interocean Group of Companies - India
- London Commodity Brokers - England
- Chettinad Cement Corporation Ltd - India
- Gujarat Sidhee Cement - India
- The University of Queensland
- The Treasury - Australian Government
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Dalmia Cement Bharat India
- Metalloyd Limited - United Kingdom
- Sical Logistics Limited - India
- Indika Energy - Indonesia
- Australian Commodity Traders Exchange
- Australian Coal Association
- Riau Bara Harum - Indonesia
- Agrawal Coal Company - India
- VISA Power Limited - India
- SMC Global Power, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Business Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- India Bulls Power Limited - India
- Aboitiz Power Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Attock Cement Pakistan Limited
- Vedanta Resources Plc - India
- Bhatia International Limited - India
- South Luzon Thermal Energy Corporation
- San Jose City I Power Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Kartika Selabumi Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parliament of New Zealand
- Power Finance Corporation Ltd., India
- Posco Energy - South Korea
- Vizag Seaport Private Limited - India
- Intertek Mineral Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Deloitte Consulting - India
- Holcim Trading Pte Ltd - Singapore
- CNBM International Corporation - China
- Binh Thuan Hamico - Vietnam
- IHS Mccloskey Coal Group - USA
- Krishnapatnam Port Company Ltd. - India
- Anglo American - United Kingdom
- Baramulti Group, Indonesia
- Commonwealth Bank - Australia
- Energy Development Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Grasim Industreis Ltd - India
- New Zealand Coal & Carbon
- Electricity Authority, New Zealand
- Ministry of Mines - Canada
- Energy Link Ltd, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Ind-Barath Power Infra Limited - India
- Wilmar Investment Holdings
- Ministry of Transport, Egypt
- Jindal Steel & Power Ltd - India
- Bhoruka Overseas - Indonesia
- Eastern Energy - Thailand
- Sojitz Corporation - Japan
- Georgia Ports Authority, United States
- ASAPP Information Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- LBH Netherlands Bv - Netherlands
- Coal and Oil Company - UAE
- Renaissance Capital - South Africa
- Edison Trading Spa - Italy
- Central Java Power - Indonesia
- Trasteel International SA, Italy
- Merrill Lynch Commodities Europe
- Barasentosa Lestari - Indonesia
- Economic Council, Georgia
- Singapore Mercantile Exchange
- Oldendorff Carriers - Singapore
- Indo Tambangraya Megah - Indonesia
- Cement Manufacturers Association - India
- Meenaskhi Energy Private Limited - India
- Altura Mining Limited, Indonesia
- Standard Chartered Bank - UAE
- Parry Sugars Refinery, India
- Thai Mozambique Logistica
- Kepco SPC Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Medco Energi Mining Internasional
- Indian Energy Exchange, India
- Essar Steel Hazira Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Straits Asia Resources Limited - Singapore
- Formosa Plastics Group - Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Carbofer General Trading SA - India
- Star Paper Mills Limited - India
- Karaikal Port Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Antam Resourcindo - Indonesia
- PTC India Limited - India
- Aditya Birla Group - India
- Goldman Sachs - Singapore
- Gujarat Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Electricity Generating Authority of Thailand
- Sakthi Sugars Limited - India
- PNOC Exploration Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tata Chemicals Ltd - India
- Eastern Coal Council - USA
- IEA Clean Coal Centre - UK
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kideco Jaya Agung - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Samtan Co., Ltd - South Korea
- Madhucon Powers Ltd - India
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