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Creamer Media publishes Base Metals 2014: A review of Africa's base metal's sector research report

In light of these developments, Creamer Media’s Base Metals 2014 Report examines the global base metals market, with a particular focus on supply and demand, and on the production of copper, zinc, nickel and lead, as well as selected base metals operations and projects in Africa. 

Call for greater support for mining industry

By: Pimani Baloyi Richards Bay-headquartered heavy-equipment manufacturer Bell Equipment, which has several large-scale South Africa-based projects in the 2015 pipeline, will exhibit its new B60 articulated dump truck (ADT) mining range at this year’s Investing in African Mining Indaba, which will take place at... 

Global base metals outlook turns negative – Moody’s

By: Henry Lazenby Global credit ratings advisory firm Moody’s Investors Service has changed its outlook on the global base metals industry to negative, citing weakening macroeconomic growth indicators and investor sentiment. In its report ‘Global Base Metals Industry: Economic Weakness and Copper Price Plunge Turn... 

Increases in iron-ore supply creating risk for market fundamentals

A growing oversupply in the iron-ore market is damaging the credit quality of producers and poses risks to the downside, says credit ratings, research, and risk analysis provider Moody's Investors Service in the sector comment ‘Iron-Ore Supply Increases Pose Risk to Market Fundamentals’. Owing to... 

JSE resource listings plunge 50% in last 20 years, total market cap at R2.82tr

By: Chantelle Kotze Although the resource listings on the JSE have declined significantly over the last 20 years, from 130 listed mining companies in 1994 to only 66 basic resource companies (in the mining and industrial metals, as well as the mining sectors), the total market capitalisation of mining companies... 

JSE resource listings plunge 50% in last 20 years but total market cap now a massive R2.82-trillion

By: Chantelle Kotze Although the resource listings on the Johannesburg Stock Exchange (JSE) has declined significantly over the last 20 years, from 130 listed mining companies in 1994 to only 66 basic resource companies today (including mining sectors and industrial metals and mining sectors), the total market... 

SEC probe has no immediate impact on Gold Fields rating – Moody’s

By: Natalie Greve Ratings agency Moody's Investors Service has said that an investigation by the US Securities and Exchange Commission (SEC) into a 2010 black economic-empowerment (BEE) deal by Gold Fields will have no immediate impact on the South African gold miner’s credit ratings. The agency said in a... 

Moody’s downgrades Newcrest’s credit rating

By: Henry Lazenby TSX- and ASX-listed Newcrest Mining on Monday said ratings agency Moody's announcement that it had revised its credit rating from Baa2 to Baa3 with a negative outlook was not expected to impact on its existing debt arrangements. Newcrest confirmed that there were no triggers in its existing debt... 

Akin to railroads of the 1880s, oil pipelines poised to spur Canadian growth  

By: Henry Lazenby Canada is expecting a boom in oil production from its prolific Alberta oil sands deposits; however, production from the world’s third-largest proven oil reserves, after Saudi Arabia and Venezuela, is hampered by a lack of sufficient transport to markets, resulting in lower prices for Canadian... 

Akin to railroads of the 1880s, oil pipelines poised to spur Canadian economic growth

By: Henry Lazenby Canada is expecting a boom in oil production from its prolific Alberta oil sands deposits; however, production from the world’s third-largest proven oil reserves, after Saudi Arabia and Venezuela, is hampered by the lack of sufficient transport to markets, resulting in lower prices for Canadian... 

Quebec oil train derailment likely to increase costs, regulatory burden

By: Henry Lazenby Following last week’s fatal derailment and explosion of a fully laden oil train, which partially destroyed the town of Lac-Mégantic, in Quebec, Canadian and US authorities were expected to increase the regulatory burden on rail shipments of crude and petroleum products. This could result in... 

Water scarcity could increase ratings pressure on mining companies – Moody’s

Ratings agency Moody’s Investor Service on Thursday warned that environmental factors, such as water scarcity, could adversely impact on the ratings of global mining companies if they failed to proactively manage the accompanying operational and political risks to their businesses. In its ‘Global... 

Value of WA-listed firms down as commodity prices fall

The market capitalisation of Western Australia listed companies that comprise the Deloitte WA Index decreased 11.5% during May to A$145.4-billion, mirroring the downward pressure experienced by the global equity markets. “The fall in the market capitalisation was driven largely by decreases in... 

Eskom says credit warning shows cost-reflectivity push still needed 

By: Terence Creamer Rating agency Moody’s description of the recent decision to lower Eskom’s 2012/13 tariff increase by 9.9 percentage points, from 25.9% to 16%, as being “credit negative” for the utility reinforced the need for South Africa to continue its move towards cost-reflective tariff levels, the... 

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