Moody's: Credit quality of Australian gold miners to stay strong despite volatile gold prices
Sydney, December 15, 2016-- Moody's Investors Service says that increased operational efficiencies and reduced debt will keep the leverage and cash flow metrics of Newcrest Mining Limited and St. Barbara Limited strong, despite volatility in gold prices. "IMPORTANT NOTICE: MOODY'S RATINGS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS.Ausdrill operates through four segments: Drilling Services Australia, which provides drilling services and drilling equipment including drilling and blasting, in-pit grade control, exploration drilling and water well drilling; Equipment Services and Supplies, which provides mining supplies, products and services including equipment hire, equipment parts and sales; Contract Mining Services Africa, which provides mining services such as drilling and blasting, in-pit grade control, exploration drilling and earthmoving; and All Other, which includes the energy drilling and equipment hire, mineral analysis, property holding services and services to the telecommunications and utility sector.
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