https://www.miningweekly.com

ROCKY AND ROUGH

29th January 2016

By: Martin Creamer

Creamer Media Editor

  

Font size: - +

There is a lot of bearish talk in mining right now as the Chinese economy slows down more rapidly than expected, low commodity prices drive down prospects and profit growth looks far off. Mining assets are being subjected to the words ‘sell’, ‘close’, ‘downsize’ and ‘cut’, as mining-company CEOs resist going to the market to raise more equity and do all they can to keep their balance sheets intact through self-help. But mining analysts at Liberum warned last week that the threat of capital call is weighing on the shares of even the biggest of the big mining companies. Slashing capital expenditure and reducing dividends to zero might still be insufficient to retain the topmost credit ratings to which some have committed themselves. The road remains rough and rocky and fortunes are continuing to go down.

Comments

Showroom

GreaseMax
GreaseMax

GreaseMax is a chemically operated automatic lubricator.

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 10 May 2024
Magazine round up | 10 May 2024
10th May 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.157 0.193s - 87pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: