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Thursday, 08 December 16
STABLE OUTLOOK FOR GLOBAL MINING IN 2017 : FITCH
 Fitch Ratings' sector and rating outlooks for the global mining industry in 2017 are both stable, reflecting Fitch's view that prices have bottomed out in most commodity sectors, with stimulus measures supporting growth.
Chinese stimulus measures have supported fixed-asset investment, which in turn has improved prices for most commodities since the start of 2016. For 2017 Fitch expects fixed-asset investment in China to stabilise and forecast fixed investment growth of 4.4% in the same year (2016: 5.7%) which means that prices are unlikely to return to the 4Q15 levels.
In our view, Fitch says, the price trends for individual commodity sub-sectors in 2017 remain mixed. The strongest price outlook is for Nickel and Zinc, reflecting the expected physical supply deficits in these markets. Fitch expects iron ore prices to decline to reflect an oversupplied market, and for coal prices to retreat from current levels as mines reopen and production increases. For copper Fitch Ratings expects a large physical surplus in 2017, and although the majority of this will come on-stream in 1Q17 prices should improve throughout the year.
While most mining companies continue to have weak credit profiles for their current ratings, Fitch says, they see improvement in 2017, as they continue to focus on reducing debt. This will likely result in a revision of a number of Outlooks to Stable from Negative throughout the year.
For 2017, Fitch expects mining companies to mainly focus on operating cost savings, given less capacity for further cut capex. If prices strengthen, Fitch Says, they believe companies may be tempted to increase capex and exploration or restart/pay higher dividends.
Fitch also expect a reversal of the FX and oil price trends seen in the past one to two years.
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Tuesday, 21 February 17
CHINESE EXPORTS SHOWED A YEAR-ON-YEAR RISE FOR THE FIRST TIME IN TEN MONTHS; S. KOREA'S EXPORTS UP FOR PAST THREE MONTHS IN A ROW - GEORGE LAZARIDIS
We have started to some sparks of life in the commodities markets these past weeks, with prices having shown a strong push during the past couple o ...
Tuesday, 21 February 17
CHINA SUSPENDS COAL IMPORTS FROM NORTH KOREA FROM 19 FEB
COALspot.com: China is suspended coal imports from North Korea until December 2017. China says it will suspend all imports of coal from North Korea ...
Monday, 20 February 17
OCEAN FREIGHT RATES SLIGHTLY UP WEEK OVER WEEK
COALspot.com: The Freight market was firmed up this past week. The Panamax segment was declined for the week ending 17 February 2017.
The Balt ...
Friday, 17 February 17
U.S. COAL PRODUCTION SLIPS SLIGHTLY WEEK OVER WEEK, SAYS EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.5 million sh ...
Thursday, 16 February 17
CAPE MARKET HAVE EXPERIENCED A STRONG DOWNTURN - FEARNLEYS
Supramax
Market has shifted sides from Atlantic to Pacific, where Atlantic is now lagging behind with little action and sliding indices, notably ...
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- McConnell Dowell - Australia
- Altura Mining Limited, Indonesia
- Romanian Commodities Exchange
- Vedanta Resources Plc - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Coal Council - USA
- Jaiprakash Power Ventures ltd
- IHS Mccloskey Coal Group - USA
- Bukit Makmur.PT - Indonesia
- Chamber of Mines of South Africa
- Edison Trading Spa - Italy
- Krishnapatnam Port Company Ltd. - India
- Cement Manufacturers Association - India
- PetroVietnam Power Coal Import and Supply Company
- Port Waratah Coal Services - Australia
- ICICI Bank Limited - India
- Posco Energy - South Korea
- Indo Tambangraya Megah - Indonesia
- Videocon Industries ltd - India
- MS Steel International - UAE
- Karbindo Abesyapradhi - Indoneisa
- Economic Council, Georgia
- Interocean Group of Companies - India
- Wood Mackenzie - Singapore
- Independent Power Producers Association of India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Madhucon Powers Ltd - India
- Thiess Contractors Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- IEA Clean Coal Centre - UK
- Marubeni Corporation - India
- Chettinad Cement Corporation Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Trasteel International SA, Italy
- Indika Energy - Indonesia
- Electricity Authority, New Zealand
- Global Business Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Merrill Lynch Commodities Europe
- AsiaOL BioFuels Corp., Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Thai Mozambique Logistica
- Borneo Indobara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Commonwealth Bank - Australia
- Petron Corporation, Philippines
- CNBM International Corporation - China
- Central Java Power - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kumho Petrochemical, South Korea
- PNOC Exploration Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Antam Resourcindo - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- PTC India Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Sarangani Energy Corporation, Philippines
- Riau Bara Harum - Indonesia
- Latin American Coal - Colombia
- Manunggal Multi Energi - Indonesia
- Attock Cement Pakistan Limited
- Standard Chartered Bank - UAE
- Neyveli Lignite Corporation Ltd, - India
- Tamil Nadu electricity Board
- Goldman Sachs - Singapore
- Aboitiz Power Corporation - Philippines
- Deloitte Consulting - India
- Mercuria Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Ministry of Mines - Canada
- Holcim Trading Pte Ltd - Singapore
- Orica Australia Pty. Ltd.
- Samtan Co., Ltd - South Korea
- SN Aboitiz Power Inc, Philippines
- Minerals Council of Australia
- India Bulls Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- Mjunction Services Limited - India
- TeaM Sual Corporation - Philippines
- Baramulti Group, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- Bhoruka Overseas - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Meenaskhi Energy Private Limited - India
- Jindal Steel & Power Ltd - India
- New Zealand Coal & Carbon
- Heidelberg Cement - Germany
- Mintek Dendrill Indonesia
- Straits Asia Resources Limited - Singapore
- Wilmar Investment Holdings
- Dalmia Cement Bharat India
- Maharashtra Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Coal and Oil Company - UAE
- Star Paper Mills Limited - India
- Lanco Infratech Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Africa Commodities Group - South Africa
- Bukit Baiduri Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Rio Tinto Coal - Australia
- Indonesian Coal Mining Association
- Gujarat Mineral Development Corp Ltd - India
- Coalindo Energy - Indonesia
- Parliament of New Zealand
- Billiton Holdings Pty Ltd - Australia
- ASAPP Information Group - India
- Vizag Seaport Private Limited - India
- White Energy Company Limited
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- Pendopo Energi Batubara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Sical Logistics Limited - India
- Sree Jayajothi Cements Limited - India
- The Treasury - Australian Government
- Binh Thuan Hamico - Vietnam
- Ambuja Cements Ltd - India
- Meralco Power Generation, Philippines
- The University of Queensland
- Sakthi Sugars Limited - India
- Georgia Ports Authority, United States
- Bulk Trading Sa - Switzerland
- Eastern Energy - Thailand
- Sojitz Corporation - Japan
- Global Coal Blending Company Limited - Australia
- Parry Sugars Refinery, India
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement PLC, Thailand
- Larsen & Toubro Limited - India
- London Commodity Brokers - England
- Salva Resources Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Ceylon Electricity Board - Sri Lanka
- CIMB Investment Bank - Malaysia
- Energy Development Corp, Philippines
- Indian Energy Exchange, India
- Australian Coal Association
- Bangladesh Power Developement Board
- Bhushan Steel Limited - India
- Indogreen Group - Indonesia
- Bhatia International Limited - India
- GVK Power & Infra Limited - India
- Australian Commodity Traders Exchange
- Ministry of Transport, Egypt
- Siam City Cement - Thailand
- PowerSource Philippines DevCo
- Bharathi Cement Corporation - India
- Electricity Generating Authority of Thailand
- Simpson Spence & Young - Indonesia
- Singapore Mercantile Exchange
- Xindia Steels Limited - India
- Indian Oil Corporation Limited
- Power Finance Corporation Ltd., India
- Carbofer General Trading SA - India
- Globalindo Alam Lestari - Indonesia
- Orica Mining Services - Indonesia
- Energy Link Ltd, New Zealand
- Agrawal Coal Company - India
- GN Power Mariveles Coal Plant, Philippines
- Intertek Mineral Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Iligan Light & Power Inc, Philippines
- Planning Commission, India
- Kobexindo Tractors - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Mercator Lines Limited - India
- Kartika Selabumi Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Aditya Birla Group - India
- Jorong Barutama Greston.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Finance - Indonesia
- Formosa Plastics Group - Taiwan
- OPG Power Generation Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- GAC Shipping (India) Pvt Ltd
- Asmin Koalindo Tuhup - Indonesia
- Grasim Industreis Ltd - India
- Anglo American - United Kingdom
- Karaikal Port Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- GMR Energy Limited - India
- Medco Energi Mining Internasional
- European Bulk Services B.V. - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- Renaissance Capital - South Africa
- Semirara Mining Corp, Philippines
- Gujarat Sidhee Cement - India
- Kepco SPC Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Coastal Gujarat Power Limited - India
- Maheswari Brothers Coal Limited - India
- SMC Global Power, Philippines
- South Luzon Thermal Energy Corporation
- Makarim & Taira - Indonesia
- Oldendorff Carriers - Singapore
- Kideco Jaya Agung - Indonesia
- Metalloyd Limited - United Kingdom
- SMG Consultants - Indonesia
- LBH Netherlands Bv - Netherlands
- Banpu Public Company Limited - Thailand
- Malabar Cements Ltd - India
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