• Moody’s: Australian high-yield miners face execution challenges, will pressure miners over 12-18 months

Reuters headline

Link to the report

“All five high-yield rated metals and mining companies in Australia have ongoing projects to raise production and/or reduce costs, and planned liquidity buffers are often inadequate to support these execution challenges”

  • weak price environment magnifies liquidity challenges faced by the miners
  • expect prices to remain volatile, but stay around current low levels over the next 12-18 months