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...

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...

Eskom says credit warning shows cost-reflectivity push still needed

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...

Gold Fields targets further diminution of SA production dependence

South African gold major Gold Fields has told an international audience that it is targeting a further diminution of South African production dependence. In a presentation to the Denver Gold Forum in the US, Gold Fields CEO Nick Holland displayed...

India explores flow-through, July’s mining output down, rewarded for being less SA

India’s Ministry of Mines is working on a flow-through share option; mining output in South Africa fell for the third consecutive month in July; ratings agency Moody's has patted Gold Fields on the back for being less South Africa.

Gold Fields’ credit rating up on diminishing South Africa dependence

Ratings agency Moody's has upgraded the credit status of Gold Fields owing to the gold miner’s diminished dependence on South Africa. Moody’s has changed its outlook for Gold Field's Baa3 rating to positive from stable, opening the way for...