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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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Monday, 30 November 15
ASSOCARBONI LOOKS AT COAL FROM A DIFFERENT ANGLE
ASSOCARBONI is in favour of an international mechanism to provide financial support to countries building high efficiency low emission coal plants. ...
Monday, 30 November 15
CS 5000 GAR COAL INDEX FIRM D-O-D; WEAK W-O-W
COALspot.com: The 5000 GAR CS (i) coal index up slightly day over day.
According to the system generated index, the CS 50 (5000 GAR coal) was ...
Monday, 30 November 15
CFR SOUTH CHINA COAL SWAPS REMAINED UNCHANGED FROM LAST WEEK
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2016 delivery declined US$ 4.50 (9.78%) per ton month over month.
A commodity swap ...
Sunday, 29 November 15
CAPE INDEX SURGES 383 POINTS WEEK OVER WEEK, BOOSTS BALTIC DRY INDEX
COALspot.com: The Baltic Dry Index, a measure of shipping rates, fell to 498 points on 20 November and touched a 30-year low, but on 27 November th ...
Friday, 27 November 15
INDONESIA COAL SWAPS: WEEK ENDING 20 NOVEMBER CLOSED HIGHER COMPARED TO THE PREVIOUS WEEK
COALspot.com: Indonesian coal swaps for delivery Q1 2016 declined month on month and up on week over week. Coal prices seen slight improvements thi ...
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- OPG Power Generation Pvt Ltd - India
- Eastern Coal Council - USA
- Bhatia International Limited - India
- Sinarmas Energy and Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Vizag Seaport Private Limited - India
- Economic Council, Georgia
- Bahari Cakrawala Sebuku - Indonesia
- Bhushan Steel Limited - India
- Parliament of New Zealand
- Edison Trading Spa - Italy
- Essar Steel Hazira Ltd - India
- Chettinad Cement Corporation Ltd - India
- Kumho Petrochemical, South Korea
- Kohat Cement Company Ltd. - Pakistan
- Global Green Power PLC Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Petron Corporation, Philippines
- The University of Queensland
- Cement Manufacturers Association - India
- Lanco Infratech Ltd - India
- ICICI Bank Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Indonesian Coal Mining Association
- PowerSource Philippines DevCo
- Simpson Spence & Young - Indonesia
- Ministry of Transport, Egypt
- London Commodity Brokers - England
- Asmin Koalindo Tuhup - Indonesia
- Mintek Dendrill Indonesia
- Wilmar Investment Holdings
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Georgia Ports Authority, United States
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- The Treasury - Australian Government
- Cigading International Bulk Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Coal Association
- Riau Bara Harum - Indonesia
- Attock Cement Pakistan Limited
- Kepco SPC Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Oldendorff Carriers - Singapore
- Trasteel International SA, Italy
- New Zealand Coal & Carbon
- Chamber of Mines of South Africa
- Indian Oil Corporation Limited
- Eastern Energy - Thailand
- Therma Luzon, Inc, Philippines
- Latin American Coal - Colombia
- Jindal Steel & Power Ltd - India
- Alfred C Toepfer International GmbH - Germany
- International Coal Ventures Pvt Ltd - India
- Tamil Nadu electricity Board
- Siam City Cement PLC, Thailand
- Timah Investasi Mineral - Indoneisa
- India Bulls Power Limited - India
- Intertek Mineral Services - Indonesia
- GMR Energy Limited - India
- Sojitz Corporation - Japan
- Binh Thuan Hamico - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Kartika Selabumi Mining - Indonesia
- Orica Mining Services - Indonesia
- Minerals Council of Australia
- Holcim Trading Pte Ltd - Singapore
- Mercator Lines Limited - India
- Aditya Birla Group - India
- Planning Commission, India
- Posco Energy - South Korea
- Africa Commodities Group - South Africa
- Deloitte Consulting - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Medco Energi Mining Internasional
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- Karbindo Abesyapradhi - Indoneisa
- European Bulk Services B.V. - Netherlands
- Iligan Light & Power Inc, Philippines
- Power Finance Corporation Ltd., India
- TNB Fuel Sdn Bhd - Malaysia
- Heidelberg Cement - Germany
- Metalloyd Limited - United Kingdom
- Star Paper Mills Limited - India
- Kobexindo Tractors - Indoneisa
- Straits Asia Resources Limited - Singapore
- Kapuas Tunggal Persada - Indonesia
- Rashtriya Ispat Nigam Limited - India
- LBH Netherlands Bv - Netherlands
- Bhoruka Overseas - Indonesia
- Orica Australia Pty. Ltd.
- Jorong Barutama Greston.PT - Indonesia
- Romanian Commodities Exchange
- Carbofer General Trading SA - India
- Electricity Authority, New Zealand
- Independent Power Producers Association of India
- Indo Tambangraya Megah - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Leighton Contractors Pty Ltd - Australia
- Singapore Mercantile Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sakthi Sugars Limited - India
- Globalindo Alam Lestari - Indonesia
- Dalmia Cement Bharat India
- Karaikal Port Pvt Ltd - India
- Mercuria Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Australian Commodity Traders Exchange
- SMG Consultants - Indonesia
- Larsen & Toubro Limited - India
- Ministry of Mines - Canada
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sree Jayajothi Cements Limited - India
- Siam City Cement - Thailand
- ASAPP Information Group - India
- Savvy Resources Ltd - HongKong
- Bulk Trading Sa - Switzerland
- Parry Sugars Refinery, India
- Anglo American - United Kingdom
- CNBM International Corporation - China
- Mjunction Services Limited - India
- Ambuja Cements Ltd - India
- Indika Energy - Indonesia
- Central Java Power - Indonesia
- GVK Power & Infra Limited - India
- Central Electricity Authority - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Uttam Galva Steels Limited - India
- Rio Tinto Coal - Australia
- Thiess Contractors Indonesia
- CIMB Investment Bank - Malaysia
- The State Trading Corporation of India Ltd
- Merrill Lynch Commodities Europe
- Port Waratah Coal Services - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GAC Shipping (India) Pvt Ltd
- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- Commonwealth Bank - Australia
- Miang Besar Coal Terminal - Indonesia
- VISA Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Grasim Industreis Ltd - India
- Bangladesh Power Developement Board
- Pendopo Energi Batubara - Indonesia
- Sarangani Energy Corporation, Philippines
- Borneo Indobara - Indonesia
- Agrawal Coal Company - India
- Tata Chemicals Ltd - India
- Indian Energy Exchange, India
- Billiton Holdings Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Vedanta Resources Plc - India
- Meralco Power Generation, Philippines
- SMC Global Power, Philippines
- Thai Mozambique Logistica
- IHS Mccloskey Coal Group - USA
- Neyveli Lignite Corporation Ltd, - India
- Renaissance Capital - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Generating Authority of Thailand
- Xindia Steels Limited - India
- Videocon Industries ltd - India
- McConnell Dowell - Australia
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Gujarat Sidhee Cement - India
- Maharashtra Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Coastal Gujarat Power Limited - India
- White Energy Company Limited
- MS Steel International - UAE
- Malabar Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Semirara Mining Corp, Philippines
- San Jose City I Power Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- Makarim & Taira - Indonesia
- Standard Chartered Bank - UAE
- Marubeni Corporation - India
- Aboitiz Power Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Baramulti Group, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bharathi Cement Corporation - India
- Energy Development Corp, Philippines
- Coal and Oil Company - UAE
- Ind-Barath Power Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Goldman Sachs - Singapore
- Ministry of Finance - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Indogreen Group - Indonesia
- Bayan Resources Tbk. - Indonesia
- Wood Mackenzie - Singapore
- Ceylon Electricity Board - Sri Lanka
- Altura Mining Limited, Indonesia
- Sindya Power Generating Company Private Ltd
- PTC India Limited - India
- Interocean Group of Companies - India
- Antam Resourcindo - Indonesia
- Samtan Co., Ltd - South Korea
- Petrochimia International Co. Ltd.- Taiwan
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