The document discusses the financial outlook for large cap miners in 2016, focusing on net debt to EBITDA ratios and CDS spreads. It highlights the impact of declining commodity prices and the miners' responses, such as cutting capital expenditures and costs. The base case assumes some asset sales for select producers.
documents/vol00010-efta01458992-pdf.pdf
{"title":"World Outlook 2016: Managing with less liquidity","key_people":["Grant Sporre","Michael Hsueh"],"document_date":"2015-12-08","document_type":"tabular","key_locations":["London"],"key_organizations":["Deutsche Bank","BHPB","Rio","Barrick","Freeport","Alcoe","Norilsk","Glencore","Southern Copper","Anglo American","Vale"],"reference_numbers":["DB-SDNY-0119173","SDNY_GM_00265357","EFTA01458992"]}