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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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Thursday, 10 December 15
CANADIAN MINER TECK ANNOUNCES LNG HAUL TRUCK PILOT PROJECT
Teck Resources Limited is piloting the use of liquefied natural gas (LNG) as a fuel source in six haul trucks at its Fording River steelmakin ...
Thursday, 10 December 15
FOB RICHARDS BAY COAL Q3' 16 DELIVERY SWAP WAS CLOSED 7.27% PER TON LOWER COMPARED TO AVERAGE Q1' 16 DELIVERY PRICE
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q1’ 2016 decline month over month and week over week.
The Q1’ 2016 &nbs ...
Wednesday, 09 December 15
U.S. COAL EXPORTS DECLINE IN 2015 DUE TO SLOWER GROWTH IN WORLD COAL DEMAND AND LOWER INTERNATIONAL COAL PRICES - EIA
COALspot.com: The slower growth in world coal demand and lower international coal prices have contributed to a decline in U.S. coal exports in 2015 ...
Wednesday, 09 December 15
DRY BULK EXPERIENCES THE PERFECT STORM - PANOS TSILINGIRIS
Dry bulk experiences the perfect storm as the slowing of demand predominantly because of China sat atop the exaggerated oversupply. The BDI broke t ...
Tuesday, 08 December 15
OPEC'S DECISION BODES WELL FOR THE TANKER MARKET: STRONG MIDDLE EAST CRUDE EXPORTS WILL CONTINUE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
OPEC’s latest decision to keep up oil production is seen by shipbrokers as a further boost for the tanker market. At the end of last year OPE ...
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- GMR Energy Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sakthi Sugars Limited - India
- CIMB Investment Bank - Malaysia
- Siam City Cement PLC, Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Deloitte Consulting - India
- Energy Development Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Madhucon Powers Ltd - India
- Interocean Group of Companies - India
- Central Electricity Authority - India
- Sojitz Corporation - Japan
- Cigading International Bulk Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Medco Energi Mining Internasional
- Independent Power Producers Association of India
- Pendopo Energi Batubara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Indian Oil Corporation Limited
- Xindia Steels Limited - India
- Antam Resourcindo - Indonesia
- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
- Australian Commodity Traders Exchange
- Bhoruka Overseas - Indonesia
- Planning Commission, India
- Banpu Public Company Limited - Thailand
- San Jose City I Power Corp, Philippines
- Aboitiz Power Corporation - Philippines
- The State Trading Corporation of India Ltd
- Ministry of Transport, Egypt
- Jaiprakash Power Ventures ltd
- Aditya Birla Group - India
- Coastal Gujarat Power Limited - India
- Jindal Steel & Power Ltd - India
- Georgia Ports Authority, United States
- Meralco Power Generation, Philippines
- Sical Logistics Limited - India
- Heidelberg Cement - Germany
- Rashtriya Ispat Nigam Limited - India
- LBH Netherlands Bv - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ICICI Bank Limited - India
- Therma Luzon, Inc, Philippines
- Marubeni Corporation - India
- SN Aboitiz Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Uttam Galva Steels Limited - India
- CNBM International Corporation - China
- GVK Power & Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Videocon Industries ltd - India
- Orica Australia Pty. Ltd.
- Coalindo Energy - Indonesia
- Malabar Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Indika Energy - Indonesia
- Altura Mining Limited, Indonesia
- Bukit Baiduri Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- PTC India Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Meenaskhi Energy Private Limited - India
- PNOC Exploration Corporation - Philippines
- Standard Chartered Bank - UAE
- Port Waratah Coal Services - Australia
- Mjunction Services Limited - India
- Salva Resources Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Tamil Nadu electricity Board
- Samtan Co., Ltd - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mintek Dendrill Indonesia
- Bangladesh Power Developement Board
- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Star Paper Mills Limited - India
- Romanian Commodities Exchange
- Larsen & Toubro Limited - India
- Alfred C Toepfer International GmbH - Germany
- Wilmar Investment Holdings
- Maheswari Brothers Coal Limited - India
- Anglo American - United Kingdom
- Eastern Coal Council - USA
- International Coal Ventures Pvt Ltd - India
- Minerals Council of Australia
- Intertek Mineral Services - Indonesia
- The Treasury - Australian Government
- Bukit Makmur.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- Cement Manufacturers Association - India
- AsiaOL BioFuels Corp., Philippines
- Bayan Resources Tbk. - Indonesia
- Edison Trading Spa - Italy
- Trasteel International SA, Italy
- Simpson Spence & Young - Indonesia
- SMC Global Power, Philippines
- Australian Coal Association
- Attock Cement Pakistan Limited
- Economic Council, Georgia
- Indogreen Group - Indonesia
- Tata Chemicals Ltd - India
- Agrawal Coal Company - India
- Carbofer General Trading SA - India
- Bhushan Steel Limited - India
- Parliament of New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Krishnapatnam Port Company Ltd. - India
- Petrochimia International Co. Ltd.- Taiwan
- Global Coal Blending Company Limited - Australia
- Commonwealth Bank - Australia
- Global Business Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Binh Thuan Hamico - Vietnam
- Latin American Coal - Colombia
- India Bulls Power Limited - India
- Oldendorff Carriers - Singapore
- Kapuas Tunggal Persada - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- VISA Power Limited - India
- Global Green Power PLC Corporation, Philippines
- The University of Queensland
- Dalmia Cement Bharat India
- White Energy Company Limited
- Lanco Infratech Ltd - India
- MS Steel International - UAE
- Borneo Indobara - Indonesia
- London Commodity Brokers - England
- Energy Link Ltd, New Zealand
- Africa Commodities Group - South Africa
- Merrill Lynch Commodities Europe
- Chamber of Mines of South Africa
- Vedanta Resources Plc - India
- Singapore Mercantile Exchange
- Ambuja Cements Ltd - India
- Rio Tinto Coal - Australia
- Savvy Resources Ltd - HongKong
- Maharashtra Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Central Java Power - Indonesia
- Price Waterhouse Coopers - Russia
- Indonesian Coal Mining Association
- Ministry of Mines - Canada
- Timah Investasi Mineral - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- SMG Consultants - Indonesia
- Essar Steel Hazira Ltd - India
- Coal and Oil Company - UAE
- Baramulti Group, Indonesia
- Makarim & Taira - Indonesia
- ASAPP Information Group - India
- Asmin Koalindo Tuhup - Indonesia
- Mercuria Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Eastern Energy - Thailand
- Bhatia International Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Thai Mozambique Logistica
- Bank of Tokyo Mitsubishi UFJ Ltd
- South Luzon Thermal Energy Corporation
- IEA Clean Coal Centre - UK
- IHS Mccloskey Coal Group - USA
- Barasentosa Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Chettinad Cement Corporation Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Globalindo Alam Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Siam City Cement - Thailand
- Thiess Contractors Indonesia
- Miang Besar Coal Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Directorate Of Revenue Intelligence - India
- Bharathi Cement Corporation - India
- Sarangani Energy Corporation, Philippines
- Electricity Generating Authority of Thailand
- Billiton Holdings Pty Ltd - Australia
- McConnell Dowell - Australia
- Karaikal Port Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Straits Asia Resources Limited - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Semirara Mining Corp, Philippines
- Kumho Petrochemical, South Korea
- Gujarat Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- PowerSource Philippines DevCo
- Renaissance Capital - South Africa
- Indian Energy Exchange, India
- Posco Energy - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Parry Sugars Refinery, India
- Vijayanagar Sugar Pvt Ltd - India
- Goldman Sachs - Singapore
- Electricity Authority, New Zealand
- New Zealand Coal & Carbon
- Grasim Industreis Ltd - India
- Vizag Seaport Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Petron Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Wood Mackenzie - Singapore
- Mercator Lines Limited - India
- Kobexindo Tractors - Indoneisa
- Ministry of Finance - Indonesia
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