08/01/2016at 09:17

Struggling mining companies must cut back again

The commodity companies look like they will have to hunt down new savings as the hopes of a recovery in the commodity market have now been diminished on the back of China's demand shortage, reports the Wall Street Journal.

BY RITZAU FINANS

The downturn on the commodity markets has put the oil and mining companies under renewed pressure to find new ways to save money or reduce payments to investors, reports the Wall Street Journal.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

Access all locked articles
Receive our daily newsletters
Access our app

Get full access for you and your coworkers

Start a free company trial today

Rio Tinto CEO predicts the fall of competitors
For subscribers
Mining giants trim investments by billions
For subscribers
New Australian iron mine bad news for shipping
For subscribers

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Front page now

Foto: China Stringer Network/Reuters/Ritzau Scanpix

Regulation

Shipping could become early victim of Taiwan conflict

Commercial shipping’s importance for global economy is a blind spot among US national security advisers, warns US expert.

For subscribers

Tanker

Russian oil could end up in tanks of European ships through simple maneuver

For subscribers

Container

Greek shipowners see much uncertainty ahead: "No one is able to predict the outcome"

For subscribers

Carriers

Norway's minister of finance affirms: No changes to carriers' tax benefits

For subscribers

Container

Maersk has called off the most voyages after drop in demand

Container

OOCL expects gradual container market recovery later in 2023

For subscribers

Shipping could become early victim of Taiwan conflict

Commercial shipping’s importance for global economy is a blind spot among US national security advisers, warns US expert.

For subscribers

Container

Maersk has called off the most voyages after drop in demand

A.P. Moller-Maersk tops the list of carriers that have pulled vessels off of shipping routes as a reaction to the declining market.

Tanker

Russian oil could end up in tanks of European ships through simple maneuver

Even though many shipowners would like to avoid Russian fuel in their ship tanks, it might still turn out that way due to a legal loophole in the EU sanctions.

For subscribers