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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, 23 January 17
THE FREIGHT MARKET DID NOT CHANGE MUCH AND WAS ALMOST AT SAME LEVELS AS LAST WEEK
COALspot.com: The Freight market did not change much and was almost at same levels as last week.
The Baltic Exchange, tracking rates for ships ...
Friday, 20 January 17
U.S. WEEKLY COAL OUTPUT ESTIMATED 15.7 MMST; UP 14.1% W/W
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.7 million short ton ...
Thursday, 19 January 17
KOREAN POWER UTILITY BORYEONG POWER TO IMPORT 660K TONS OF BITUMINOUS COAL FOR MARCH 2017
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a new tender for 590,000 Metric Tons of Bituminous coal and 7000 ...
Thursday, 19 January 17
PANAMAX RATES ARE UNDER PRESSURE IN BOTH HEMISPHERES - FEARNLEYS
Supramax
The market remained flat and the week continued at the same pace as last.
According to Fearnleys weekly dry bulk report, still more ...
Wednesday, 18 January 17
TANKER: THE CLEAN PRODUCT MARKET IS STILL NOT GIVING US ANY CLEAR SIGNS OF RECOVERY - GEORGE VASTARDIS
While we are approaching the Chinese New Year, the Clean Product market is still not giving us any clear signs of recovery, especially on The East ...
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- Rashtriya Ispat Nigam Limited - India
- Tata Chemicals Ltd - India
- Sakthi Sugars Limited - India
- The University of Queensland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Lanco Infratech Ltd - India
- Eastern Energy - Thailand
- Commonwealth Bank - Australia
- Bhushan Steel Limited - India
- Vedanta Resources Plc - India
- Intertek Mineral Services - Indonesia
- Central Java Power - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Sical Logistics Limited - India
- IEA Clean Coal Centre - UK
- PowerSource Philippines DevCo
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indogreen Group - Indonesia
- Wilmar Investment Holdings
- Orica Mining Services - Indonesia
- Borneo Indobara - Indonesia
- CIMB Investment Bank - Malaysia
- Oldendorff Carriers - Singapore
- Parry Sugars Refinery, India
- GVK Power & Infra Limited - India
- Samtan Co., Ltd - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Deloitte Consulting - India
- Altura Mining Limited, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Tamil Nadu electricity Board
- Mjunction Services Limited - India
- Binh Thuan Hamico - Vietnam
- Bayan Resources Tbk. - Indonesia
- Energy Development Corp, Philippines
- Thiess Contractors Indonesia
- Global Coal Blending Company Limited - Australia
- Cement Manufacturers Association - India
- Bangladesh Power Developement Board
- Dalmia Cement Bharat India
- Bhatia International Limited - India
- Renaissance Capital - South Africa
- Medco Energi Mining Internasional
- Formosa Plastics Group - Taiwan
- Uttam Galva Steels Limited - India
- Barasentosa Lestari - Indonesia
- Planning Commission, India
- Electricity Authority, New Zealand
- Siam City Cement PLC, Thailand
- Ministry of Finance - Indonesia
- MS Steel International - UAE
- Savvy Resources Ltd - HongKong
- Siam City Cement - Thailand
- Makarim & Taira - Indonesia
- Pendopo Energi Batubara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- GMR Energy Limited - India
- Kapuas Tunggal Persada - Indonesia
- Port Waratah Coal Services - Australia
- Karbindo Abesyapradhi - Indoneisa
- Sojitz Corporation - Japan
- Asmin Koalindo Tuhup - Indonesia
- Central Electricity Authority - India
- Larsen & Toubro Limited - India
- Miang Besar Coal Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bhoruka Overseas - Indonesia
- Maheswari Brothers Coal Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meralco Power Generation, Philippines
- Malabar Cements Ltd - India
- Jindal Steel & Power Ltd - India
- San Jose City I Power Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Latin American Coal - Colombia
- Interocean Group of Companies - India
- OPG Power Generation Pvt Ltd - India
- SMG Consultants - Indonesia
- Metalloyd Limited - United Kingdom
- Standard Chartered Bank - UAE
- Sree Jayajothi Cements Limited - India
- The State Trading Corporation of India Ltd
- Edison Trading Spa - Italy
- Posco Energy - South Korea
- Ceylon Electricity Board - Sri Lanka
- CNBM International Corporation - China
- Coal and Oil Company - UAE
- Directorate Of Revenue Intelligence - India
- Ambuja Cements Ltd - India
- The Treasury - Australian Government
- PTC India Limited - India
- Alfred C Toepfer International GmbH - Germany
- Kepco SPC Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Mercator Lines Limited - India
- Price Waterhouse Coopers - Russia
- Wood Mackenzie - Singapore
- Attock Cement Pakistan Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indika Energy - Indonesia
- SMC Global Power, Philippines
- SN Aboitiz Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Chamber of Mines of South Africa
- Ministry of Transport, Egypt
- Global Business Power Corporation, Philippines
- Thai Mozambique Logistica
- Simpson Spence & Young - Indonesia
- Orica Australia Pty. Ltd.
- Manunggal Multi Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parliament of New Zealand
- Minerals Council of Australia
- Gujarat Mineral Development Corp Ltd - India
- Videocon Industries ltd - India
- Iligan Light & Power Inc, Philippines
- Carbofer General Trading SA - India
- Mercuria Energy - Indonesia
- White Energy Company Limited
- Petron Corporation, Philippines
- Eastern Coal Council - USA
- Agrawal Coal Company - India
- GN Power Mariveles Coal Plant, Philippines
- Merrill Lynch Commodities Europe
- Bukit Baiduri Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Grasim Industreis Ltd - India
- South Luzon Thermal Energy Corporation
- Cigading International Bulk Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Toyota Tsusho Corporation, Japan
- Gujarat Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Timah Investasi Mineral - Indoneisa
- McConnell Dowell - Australia
- Bulk Trading Sa - Switzerland
- Sinarmas Energy and Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- VISA Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Economic Council, Georgia
- Sindya Power Generating Company Private Ltd
- Australian Coal Association
- Antam Resourcindo - Indonesia
- Semirara Mining Corp, Philippines
- Marubeni Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Romanian Commodities Exchange
- Indian Energy Exchange, India
- Indian Oil Corporation Limited
- IHS Mccloskey Coal Group - USA
- Kumho Petrochemical, South Korea
- ASAPP Information Group - India
- Directorate General of MIneral and Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Vizag Seaport Private Limited - India
- European Bulk Services B.V. - Netherlands
- ICICI Bank Limited - India
- Baramulti Group, Indonesia
- Karaikal Port Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- Anglo American - United Kingdom
- Essar Steel Hazira Ltd - India
- Heidelberg Cement - Germany
- Goldman Sachs - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Electricity Generating Authority of Thailand
- Coalindo Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Ministry of Mines - Canada
- Energy Link Ltd, New Zealand
- Africa Commodities Group - South Africa
- Trasteel International SA, Italy
- Bharathi Cement Corporation - India
- Madhucon Powers Ltd - India
- New Zealand Coal & Carbon
- Riau Bara Harum - Indonesia
- Bukit Makmur.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Aditya Birla Group - India
- Power Finance Corporation Ltd., India
- Maharashtra Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Xindia Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Singapore Mercantile Exchange
- Star Paper Mills Limited - India
- Kartika Selabumi Mining - Indonesia
- Rio Tinto Coal - Australia
- Therma Luzon, Inc, Philippines
- Independent Power Producers Association of India
- Georgia Ports Authority, United States
- Gujarat Sidhee Cement - India
- India Bulls Power Limited - India
- London Commodity Brokers - England
- Kideco Jaya Agung - Indonesia
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