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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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Monday, 30 January 17
DUE TO LUNAR YEAR HOLIDAYS, THE FREIGHT MARKET STAYED WEAK
COALspot.com: Due to Lunar year holidays and celebration, the Freight market was down in all segments this past week.
The Baltic Exchange, tra ...
Friday, 27 January 17
U.S WEEKLY COAL OUTPUT RISES FOR THIRD STRAIGHT WEEK
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.8 million short ton ...
Wednesday, 25 January 17
MARKET INSIGHT - KONSTANTINOS KAKAVITSAS
Remember that old but classic song called “Destination Unknown”? Well that is where the oil market is heading right now. The song made ...
Tuesday, 24 January 17
MARKET UPDATE - ALLIED
This week at the World Economic Forum in the Swiss resort of Davos we had a historic first via the attendance and speech given by China’s pre ...
Monday, 23 January 17
THE PORT OF NEWCASTLE SHIPPED $AU 15.279 BILLION WORTH OF 161.399 MILLION TONS OF COAL IN 2016
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port has shipped $AU 1,453.1 M ...
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- Attock Cement Pakistan Limited
- Singapore Mercantile Exchange
- Madhucon Powers Ltd - India
- Eastern Energy - Thailand
- Globalindo Alam Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Sarangani Energy Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Miang Besar Coal Terminal - Indonesia
- India Bulls Power Limited - India
- Mercator Lines Limited - India
- Goldman Sachs - Singapore
- Mjunction Services Limited - India
- Salva Resources Pvt Ltd - India
- Videocon Industries ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Uttam Galva Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- Siam City Cement - Thailand
- Cigading International Bulk Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Dalmia Cement Bharat India
- Australian Coal Association
- Bhatia International Limited - India
- Wilmar Investment Holdings
- Jindal Steel & Power Ltd - India
- Chettinad Cement Corporation Ltd - India
- Coal and Oil Company - UAE
- GMR Energy Limited - India
- The University of Queensland
- Intertek Mineral Services - Indonesia
- Coastal Gujarat Power Limited - India
- Parry Sugars Refinery, India
- CIMB Investment Bank - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- Malabar Cements Ltd - India
- Central Java Power - Indonesia
- MS Steel International - UAE
- Bangladesh Power Developement Board
- Sical Logistics Limited - India
- Kobexindo Tractors - Indoneisa
- Electricity Authority, New Zealand
- Romanian Commodities Exchange
- Asmin Koalindo Tuhup - Indonesia
- Orica Australia Pty. Ltd.
- Indonesian Coal Mining Association
- Sinarmas Energy and Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Anglo American - United Kingdom
- IEA Clean Coal Centre - UK
- ICICI Bank Limited - India
- Krishnapatnam Port Company Ltd. - India
- Commonwealth Bank - Australia
- Deloitte Consulting - India
- LBH Netherlands Bv - Netherlands
- Grasim Industreis Ltd - India
- Metalloyd Limited - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Binh Thuan Hamico - Vietnam
- SMC Global Power, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Global Green Power PLC Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Parliament of New Zealand
- Xindia Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Orica Mining Services - Indonesia
- Sree Jayajothi Cements Limited - India
- White Energy Company Limited
- Merrill Lynch Commodities Europe
- European Bulk Services B.V. - Netherlands
- Rio Tinto Coal - Australia
- Tamil Nadu electricity Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhoruka Overseas - Indonesia
- Australian Commodity Traders Exchange
- GVK Power & Infra Limited - India
- Semirara Mining Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
- Tata Chemicals Ltd - India
- Star Paper Mills Limited - India
- Renaissance Capital - South Africa
- London Commodity Brokers - England
- VISA Power Limited - India
- Siam City Cement PLC, Thailand
- Africa Commodities Group - South Africa
- Indogreen Group - Indonesia
- Meralco Power Generation, Philippines
- The Treasury - Australian Government
- Ministry of Mines - Canada
- Thai Mozambique Logistica
- Kumho Petrochemical, South Korea
- Karbindo Abesyapradhi - Indoneisa
- Agrawal Coal Company - India
- Edison Trading Spa - Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Carbofer General Trading SA - India
- Larsen & Toubro Limited - India
- Kaltim Prima Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Price Waterhouse Coopers - Russia
- Petron Corporation, Philippines
- Georgia Ports Authority, United States
- Trasteel International SA, Italy
- Latin American Coal - Colombia
- Kepco SPC Power Corporation, Philippines
- Economic Council, Georgia
- Independent Power Producers Association of India
- Electricity Generating Authority of Thailand
- Banpu Public Company Limited - Thailand
- Gujarat Sidhee Cement - India
- Bhushan Steel Limited - India
- Ministry of Transport, Egypt
- Riau Bara Harum - Indonesia
- PTC India Limited - India
- Indo Tambangraya Megah - Indonesia
- Energy Development Corp, Philippines
- Antam Resourcindo - Indonesia
- Global Coal Blending Company Limited - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Marubeni Corporation - India
- Eastern Coal Council - USA
- Baramulti Group, Indonesia
- Directorate Of Revenue Intelligence - India
- Meenaskhi Energy Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Sakthi Sugars Limited - India
- Aditya Birla Group - India
- Altura Mining Limited, Indonesia
- Aboitiz Power Corporation - Philippines
- Cement Manufacturers Association - India
- Jorong Barutama Greston.PT - Indonesia
- SMG Consultants - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Business Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Simpson Spence & Young - Indonesia
- Central Electricity Authority - India
- San Jose City I Power Corp, Philippines
- Interocean Group of Companies - India
- GN Power Mariveles Coal Plant, Philippines
- PowerSource Philippines DevCo
- Bulk Trading Sa - Switzerland
- Ind-Barath Power Infra Limited - India
- Coalindo Energy - Indonesia
- Heidelberg Cement - Germany
- Savvy Resources Ltd - HongKong
- The State Trading Corporation of India Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Vedanta Resources Plc - India
- Semirara Mining and Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Wood Mackenzie - Singapore
- Power Finance Corporation Ltd., India
- Borneo Indobara - Indonesia
- Lanco Infratech Ltd - India
- Jaiprakash Power Ventures ltd
- New Zealand Coal & Carbon
- SN Aboitiz Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- IHS Mccloskey Coal Group - USA
- Timah Investasi Mineral - Indoneisa
- Standard Chartered Bank - UAE
- Barasentosa Lestari - Indonesia
- Bharathi Cement Corporation - India
- Sindya Power Generating Company Private Ltd
- Maharashtra Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Indian Oil Corporation Limited
- Karaikal Port Pvt Ltd - India
- Makarim & Taira - Indonesia
- TeaM Sual Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Medco Energi Mining Internasional
- Essar Steel Hazira Ltd - India
- Straits Asia Resources Limited - Singapore
- Holcim Trading Pte Ltd - Singapore
- Ceylon Electricity Board - Sri Lanka
- Leighton Contractors Pty Ltd - Australia
- Posco Energy - South Korea
- Kapuas Tunggal Persada - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Mintek Dendrill Indonesia
- Vizag Seaport Private Limited - India
- Oldendorff Carriers - Singapore
- Mercuria Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- CNBM International Corporation - China
- Manunggal Multi Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Baiduri Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Thiess Contractors Indonesia
- McConnell Dowell - Australia
- ASAPP Information Group - India
- Alfred C Toepfer International GmbH - Germany
- Indika Energy - Indonesia
- Port Waratah Coal Services - Australia
- Chamber of Mines of South Africa
- Planning Commission, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Minerals Council of Australia
- Ambuja Cements Ltd - India
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