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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, 31 October 16
INDONESIAN 5000 GAR COAL ROSE 5.56% WEEK OVER WEEK - CS COAL INDEX
COALspot.com: The price for thermal coal has recovered substantially since April 2016. The China’s new policy on its domestic coal miners, th ...
Friday, 28 October 16
STEAM COAL IMPORTS: CHINA AND INDIA'S ROLE REVERSALS - BEN TRIMMEL
While a sharp decline in European imports is a key driver of the expected fall in steam coal trade this year, China and India remain leading actors ...
Friday, 28 October 16
U.S. WEEKLY COAL OUTPUT ROSE DURING THE WEEK ENDING OCTOBER 22 - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.5 million short ton ...
Thursday, 27 October 16
73.08 PERCENT OF COAL PRODUCERS PREDICTED INDIA WILL NOT STOP COAL IMPORTS IN 2 TO 3 YEARS - POLL
COALspot released its weekly opinion poll "How likely do you think India will STOP thermal coal imports in 2-3 years?" this Monday.
...
Thursday, 27 October 16
PANAMAX: FIRM ATLANTIC; TOPPISH PACIFIC - FEARNLEYS
Supramax
The trend from last week is passed on. ECSA still strong with Supras from N Brazil to Med fixed at $9,000 to $9,500 daily.
Accordin ...
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- Indika Energy - Indonesia
- New Zealand Coal & Carbon
- Kepco SPC Power Corporation, Philippines
- VISA Power Limited - India
- Parry Sugars Refinery, India
- Karbindo Abesyapradhi - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Vedanta Resources Plc - India
- Georgia Ports Authority, United States
- Carbofer General Trading SA - India
- SMG Consultants - Indonesia
- Goldman Sachs - Singapore
- Mercator Lines Limited - India
- Wilmar Investment Holdings
- Eastern Energy - Thailand
- International Coal Ventures Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Marubeni Corporation - India
- Petron Corporation, Philippines
- Electricity Generating Authority of Thailand
- Global Business Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Posco Energy - South Korea
- GVK Power & Infra Limited - India
- Salva Resources Pvt Ltd - India
- Africa Commodities Group - South Africa
- Ministry of Finance - Indonesia
- Central Java Power - Indonesia
- OPG Power Generation Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Oldendorff Carriers - Singapore
- Australian Coal Association
- Coalindo Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Agrawal Coal Company - India
- Lanco Infratech Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Bhoruka Overseas - Indonesia
- ICICI Bank Limited - India
- London Commodity Brokers - England
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PTC India Limited - India
- Romanian Commodities Exchange
- Bulk Trading Sa - Switzerland
- Neyveli Lignite Corporation Ltd, - India
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- PNOC Exploration Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Minerals Council of Australia
- Essar Steel Hazira Ltd - India
- Malabar Cements Ltd - India
- Indonesian Coal Mining Association
- Metalloyd Limited - United Kingdom
- Madhucon Powers Ltd - India
- Maheswari Brothers Coal Limited - India
- Tata Chemicals Ltd - India
- GMR Energy Limited - India
- Heidelberg Cement - Germany
- South Luzon Thermal Energy Corporation
- Orica Australia Pty. Ltd.
- Directorate General of MIneral and Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Therma Luzon, Inc, Philippines
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- Singapore Mercantile Exchange
- Formosa Plastics Group - Taiwan
- Indian Energy Exchange, India
- Indian Oil Corporation Limited
- Standard Chartered Bank - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Grasim Industreis Ltd - India
- ASAPP Information Group - India
- Timah Investasi Mineral - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Baiduri Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kumho Petrochemical, South Korea
- Kaltim Prima Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- IEA Clean Coal Centre - UK
- Indogreen Group - Indonesia
- Ministry of Mines - Canada
- Electricity Authority, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Mintek Dendrill Indonesia
- Makarim & Taira - Indonesia
- Energy Link Ltd, New Zealand
- Edison Trading Spa - Italy
- Thai Mozambique Logistica
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Videocon Industries ltd - India
- Port Waratah Coal Services - Australia
- Trasteel International SA, Italy
- Sarangani Energy Corporation, Philippines
- Thiess Contractors Indonesia
- Ambuja Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- Anglo American - United Kingdom
- Tamil Nadu electricity Board
- Barasentosa Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Holcim Trading Pte Ltd - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Independent Power Producers Association of India
- SN Aboitiz Power Inc, Philippines
- Rio Tinto Coal - Australia
- Parliament of New Zealand
- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- Price Waterhouse Coopers - Russia
- Orica Mining Services - Indonesia
- Sical Logistics Limited - India
- Meralco Power Generation, Philippines
- Simpson Spence & Young - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- CIMB Investment Bank - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Star Paper Mills Limited - India
- Attock Cement Pakistan Limited
- Latin American Coal - Colombia
- Power Finance Corporation Ltd., India
- Semirara Mining Corp, Philippines
- Mjunction Services Limited - India
- Medco Energi Mining Internasional
- Chettinad Cement Corporation Ltd - India
- Directorate Of Revenue Intelligence - India
- Iligan Light & Power Inc, Philippines
- Mercuria Energy - Indonesia
- Bangladesh Power Developement Board
- Sakthi Sugars Limited - India
- Riau Bara Harum - Indonesia
- Commonwealth Bank - Australia
- Sindya Power Generating Company Private Ltd
- Jorong Barutama Greston.PT - Indonesia
- Coal and Oil Company - UAE
- Uttam Galva Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Kideco Jaya Agung - Indonesia
- Cement Manufacturers Association - India
- Energy Development Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Ministry of Transport, Egypt
- Chamber of Mines of South Africa
- Eastern Coal Council - USA
- The State Trading Corporation of India Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- The Treasury - Australian Government
- Siam City Cement - Thailand
- Bukit Makmur.PT - Indonesia
- McConnell Dowell - Australia
- Jaiprakash Power Ventures ltd
- Sojitz Corporation - Japan
- Antam Resourcindo - Indonesia
- India Bulls Power Limited - India
- CNBM International Corporation - China
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The University of Queensland
- Straits Asia Resources Limited - Singapore
- Rashtriya Ispat Nigam Limited - India
- Deloitte Consulting - India
- Merrill Lynch Commodities Europe
- Bhatia International Limited - India
- MS Steel International - UAE
- Kartika Selabumi Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhushan Steel Limited - India
- Jindal Steel & Power Ltd - India
- SMC Global Power, Philippines
- Vizag Seaport Private Limited - India
- Karaikal Port Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- Globalindo Alam Lestari - Indonesia
- Renaissance Capital - South Africa
- Intertek Mineral Services - Indonesia
- Savvy Resources Ltd - HongKong
- Krishnapatnam Port Company Ltd. - India
- Bharathi Cement Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Samtan Co., Ltd - South Korea
- Aditya Birla Group - India
- Alfred C Toepfer International GmbH - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Pendopo Energi Batubara - Indonesia
- White Energy Company Limited
- Ind-Barath Power Infra Limited - India
- Planning Commission, India
- IHS Mccloskey Coal Group - USA
- Baramulti Group, Indonesia
- Miang Besar Coal Terminal - Indonesia
- PowerSource Philippines DevCo
- Binh Thuan Hamico - Vietnam
- Larsen & Toubro Limited - India
- Meenaskhi Energy Private Limited - India
- Dalmia Cement Bharat India
- TeaM Sual Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Global Coal Blending Company Limited - Australia
- Kalimantan Lumbung Energi - Indonesia
- Borneo Indobara - Indonesia
- LBH Netherlands Bv - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Interocean Group of Companies - India
- Kapuas Tunggal Persada - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wood Mackenzie - Singapore
- Leighton Contractors Pty Ltd - Australia
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