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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, 11 November 15
VESSEL VALUES ARE DOWN BY AT LEAST 20% SINCE MID-AUGUST - INTERMODAL
I had promised not to spend another broker’s insight focusing on the dry bulk side. However, the sale of the M/V Churchill Bulker (179,362 dw ...
Tuesday, 10 November 15
SELF-HEATING OF COAL HAS EMPHASISED THE IMPORTANCE OF CHECKING THE ACCURACY OF SHIPPER'S DECLARATIONS - GARD
Recent incidents involving self-heating of coal has emphasised the importance of checking the accuracy of shipper’s declarations for all type ...
Tuesday, 10 November 15
API 5 FOB NEWCASTLE COAL SWAP SLIDES CONTINUE
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2016 delivery slid $3.55 per ton (8.50%) month over month to US$ 38.20 per ton. The swap ...
Monday, 09 November 15
BUNKER PRICES TO KEEP SLIDING THIS WEEK, EXPERT SAYS - MARINE BUNKER EXCHANGE
The oil price volatility has continued this week. Two dollars up one day and the next day two dollars down. The oil market has been trading on the ...
Monday, 09 November 15
CFR SOUTH CHINA THERMAL COAL SWAP FOR Q3' 16 CONTRACT DECLINED US$ 4 PER TON
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2016 delivery declined US$ 4.35 (9.03 %) per ton month over month.
A commodity swa ...
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Showing 2721 to 2725 news of total 6871 |
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- The Treasury - Australian Government
- Meralco Power Generation, Philippines
- Power Finance Corporation Ltd., India
- Posco Energy - South Korea
- Salva Resources Pvt Ltd - India
- VISA Power Limited - India
- Bulk Trading Sa - Switzerland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Standard Chartered Bank - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Sakthi Sugars Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- GMR Energy Limited - India
- Samtan Co., Ltd - South Korea
- Therma Luzon, Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Ind-Barath Power Infra Limited - India
- Georgia Ports Authority, United States
- Kartika Selabumi Mining - Indonesia
- Parry Sugars Refinery, India
- Global Coal Blending Company Limited - Australia
- Sindya Power Generating Company Private Ltd
- Anglo American - United Kingdom
- Australian Commodity Traders Exchange
- Port Waratah Coal Services - Australia
- Cigading International Bulk Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Minerals Council of Australia
- Sojitz Corporation - Japan
- Semirara Mining Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petron Corporation, Philippines
- The University of Queensland
- Independent Power Producers Association of India
- Renaissance Capital - South Africa
- Chettinad Cement Corporation Ltd - India
- Goldman Sachs - Singapore
- Medco Energi Mining Internasional
- SN Aboitiz Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Pendopo Energi Batubara - Indonesia
- Wilmar Investment Holdings
- Karbindo Abesyapradhi - Indoneisa
- Coalindo Energy - Indonesia
- Economic Council, Georgia
- Electricity Authority, New Zealand
- Orica Mining Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- European Bulk Services B.V. - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Ministry of Mines - Canada
- Ministry of Transport, Egypt
- Barasentosa Lestari - Indonesia
- Romanian Commodities Exchange
- Holcim Trading Pte Ltd - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thiess Contractors Indonesia
- Australian Coal Association
- Agrawal Coal Company - India
- Merrill Lynch Commodities Europe
- Xindia Steels Limited - India
- The State Trading Corporation of India Ltd
- Heidelberg Cement - Germany
- Lanco Infratech Ltd - India
- Videocon Industries ltd - India
- Orica Australia Pty. Ltd.
- Savvy Resources Ltd - HongKong
- Coal and Oil Company - UAE
- Sical Logistics Limited - India
- IHS Mccloskey Coal Group - USA
- Aditya Birla Group - India
- Uttam Galva Steels Limited - India
- Parliament of New Zealand
- Indian Oil Corporation Limited
- Ambuja Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- TeaM Sual Corporation - Philippines
- Vizag Seaport Private Limited - India
- Bhatia International Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- MS Steel International - UAE
- Globalindo Alam Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Manunggal Multi Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Timah Investasi Mineral - Indoneisa
- Eastern Coal Council - USA
- Global Green Power PLC Corporation, Philippines
- Chamber of Mines of South Africa
- Edison Trading Spa - Italy
- Gujarat Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Iligan Light & Power Inc, Philippines
- Indian Energy Exchange, India
- IEA Clean Coal Centre - UK
- Oldendorff Carriers - Singapore
- Cement Manufacturers Association - India
- LBH Netherlands Bv - Netherlands
- Energy Link Ltd, New Zealand
- London Commodity Brokers - England
- Electricity Generating Authority of Thailand
- Marubeni Corporation - India
- ASAPP Information Group - India
- Global Business Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Altura Mining Limited, Indonesia
- Kaltim Prima Coal - Indonesia
- India Bulls Power Limited - India
- SMG Consultants - Indonesia
- PNOC Exploration Corporation - Philippines
- ICICI Bank Limited - India
- Central Electricity Authority - India
- PowerSource Philippines DevCo
- McConnell Dowell - Australia
- Mercator Lines Limited - India
- Mercuria Energy - Indonesia
- New Zealand Coal & Carbon
- Krishnapatnam Port Company Ltd. - India
- Kideco Jaya Agung - Indonesia
- Essar Steel Hazira Ltd - India
- Africa Commodities Group - South Africa
- GAC Shipping (India) Pvt Ltd
- Bharathi Cement Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- San Jose City I Power Corp, Philippines
- White Energy Company Limited
- Carbofer General Trading SA - India
- Indogreen Group - Indonesia
- Indo Tambangraya Megah - Indonesia
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- Sinarmas Energy and Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Aboitiz Power Corporation - Philippines
- Thai Mozambique Logistica
- Jindal Steel & Power Ltd - India
- Ceylon Electricity Board - Sri Lanka
- South Luzon Thermal Energy Corporation
- Eastern Energy - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Mjunction Services Limited - India
- SMC Global Power, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Jaiprakash Power Ventures ltd
- Commonwealth Bank - Australia
- Central Java Power - Indonesia
- Leighton Contractors Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Petrochimia International Co. Ltd.- Taiwan
- Latin American Coal - Colombia
- Bhoruka Overseas - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Singapore Mercantile Exchange
- Intertek Mineral Services - Indonesia
- Attock Cement Pakistan Limited
- Star Paper Mills Limited - India
- Dalmia Cement Bharat India
- Billiton Holdings Pty Ltd - Australia
- Deloitte Consulting - India
- Indika Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Makarim & Taira - Indonesia
- Trasteel International SA, Italy
- Larsen & Toubro Limited - India
- Price Waterhouse Coopers - Russia
- Rashtriya Ispat Nigam Limited - India
- Tamil Nadu electricity Board
- Planning Commission, India
- Rio Tinto Coal - Australia
- Siam City Cement - Thailand
- Riau Bara Harum - Indonesia
- Bayan Resources Tbk. - Indonesia
- Malabar Cements Ltd - India
- Baramulti Group, Indonesia
- Toyota Tsusho Corporation, Japan
- Simpson Spence & Young - Indonesia
- Bhushan Steel Limited - India
- Borneo Indobara - Indonesia
- Wood Mackenzie - Singapore
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- Meenaskhi Energy Private Limited - India
- Sree Jayajothi Cements Limited - India
- Indonesian Coal Mining Association
- Directorate General of MIneral and Coal - Indonesia
- Interocean Group of Companies - India
- Metalloyd Limited - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Energy Development Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Karaikal Port Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CNBM International Corporation - China
- International Coal Ventures Pvt Ltd - India
- Tata Chemicals Ltd - India
- Mintek Dendrill Indonesia
- Siam City Cement PLC, Thailand
- Grasim Industreis Ltd - India
- Coastal Gujarat Power Limited - India
- Kumho Petrochemical, South Korea
- Bukit Makmur.PT - Indonesia
- Madhucon Powers Ltd - India
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