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COPPER

Keeping Las Bambas could pressure Glencore's credit rating-Moody's

A decision by Glencore Xstrata to abandon the sale of it Peruvian copper mine Las Bambas would likely enhance the long-term growth of the mining group, but could put its credit rating under pressure, Moody's Investors Service said. Glencore has...
8th April 2014
 
GOLD

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

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...
13th September 2013
 
CREDIT RATING

Moody’s downgrades Newcrest’s credit rating

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...
30th July 2013
 
OIL PIPELINES

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

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...
26th July 2013
 
OIL PIPELINES

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

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...
26th July 2013
 
OIL TRANSPORT

Quebec oil train derailment likely to increase costs, regulatory burden

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...
12th July 2013
 
WATER

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...
14th February 2013
 
WESTERN AUSTRALIA

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...
6th June 2012
 
ESKOM

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...
19th March 2012
 
GOLD

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...
20th September 2011
 
Editorial Insight

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.
16th September 2011
 
GOLD

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...
8th September 2011
 
 
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New growth path for gold junior Video
Pallinghurst bringing in new tech to boost... Video
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