Elk Valley Resources’ Post

The global demand for copper is increasing, and South Australia has some of the world’s finest copper resources. It was great to share some perspectives on BHP’s South Australian operations and plans for growth at the Copper to the World Conference. We have growth projects either being studied or actively underway at all three mines, our smelter/refinery, and Oak Dam project - on top of our operations. To bring this vision to life we will need to find new ways for partnership and collaboration across the industry. #C2TW #CopperSA

Unsolicited Interest in Coal Mines Private capital investors are showing interest in Anglo American’s Australian coal mines, particularly in Queensland, amidst a significant drop in the company's stock price. Several private capital players have expressed unsolicited interest in Anglo American’s Queensland coal mines, which include profitable assets like Moranbah and Grosvenor. These mines have significantly contributed to Anglo American becoming the third-largest exporter of steelmaking coal. Anglo American's share price experienced a substantial decline, falling nearly 18% in one week in December and is currently 48% lower than it was a year ago. This decline, coupled with BHP’s divestment of its Blackwater and Daunia coal mines, has sparked interest from potential buyers. Potential buyers must consider the complex underground geology of the Queensland mines and their higher carbon footprint, which could pose operational and environmental challenges. This aspect is particularly relevant as other major miners like Rio Tinto and Glencore have offloaded their coal assets under pressure from environmentally conscious investors. (Source: Financial Review) https://bit.ly/3O8wsz5 #AngloAmerican #CoalMining #InvestmentOpportunities #StockMarketTrends #EnergySector #EnvironmentalImpact #MiningIndustry #CorporateStrategy #AssetManagement #BusinessAcquisitions #Coal #Queensland #Australia

Here is the reality: Existing mines won't be enough for the coming demand. (unless investment EXPANDS substantially) ___ For exposure, you may consider: 🔹 Chakana Copper Corp. | PERU 🔹 BHP GROUP LIMITED | BHP 🔹 Freeport-McMoRan l FCX | FCX 📊 CRU #copper #EnergyTransition #decarbonisation

🚨 Breaking News 🚨 📢 *BHP’s Bold Plan to Double Copper Production in South Australia* BHP is speeding up its copper production in South Australia by planning to expand its Olympic Dam smelter and refinery. 🚀 *BHP Boosts Copper Production Plans in South Australia*: - BHP is set to accelerate copper production in South Australia. - Plans are in place to expand the Olympic Dam smelter and refinery. - The South Australian Government has started the application and assessment process for the expansion. - This marks a significant move in BHP’s strategy to double copper production in the region within the next decade. Visit - https://lnkd.in/gsRs6RKM #BHP #CopperProduction #SouthAustralia #MiningExpansion #OlympicDam #Sustainability #MiningIndustry

NEW: Canada's federal government has cleared the way for Glencore's $6.9 billion acquisition of Teck Resources Limited's steelmaking coal business. Industry Minister Francois-Philippe Champagne approved the Glencore transaction of the British Columbia-based business, Elk Valley Resources, late Thursday after sources told Bloomberg the announcement was imminent. It marks a new era for Teck -- one that will see it focus on metals for the energy transition like copper. The federal government said Glencore made legally binding pledges to establish and maintain a head office for Elk Valley Resources in Vancouver; maintain regional offices in Calgary and Sparwood, BC; ensure that a majority of its directors are Canadians and at least 66% of all executives and senior managers are Canadians — all for at least the next 10 years. Glencore has also made binding environmental commitments, he said, including taking responsibility for stewardship through to 2050 — even if it sells or disposes of the asset — and investing an additional C$350 million ($257 million) in rehabilitation and closure activities over five years. The two companies spent much of last year in a bitter public fight after Teck rejected an unsolicited $23 billion offer from Glencore, which proposed creating two new metals- and coal-focused companies. The Glencore offer, while unsuccessful, was enough to disrupt an earlier plan by Teck to spin off its coal business. For Teck, the ultimate deal ended its struggle to find a solution for its mines that produce steelmaking coal after years of studying various options, while securing the cash it needs to fund its metals business. Story in Bloomberg News: https://lnkd.in/gR9BQ2ZP

True North Copper trading +60% after announcing partnership with Glencore for its Cloncurry Copper Project (CCP) in QLD. HIGHLIGHTS - Binding offtake agreement with Glencore for 100% of copper concentrate from TNC’s CCP. - Toll-milling services, up to 1 million tonnes of ore per year for the CCP Life of Mine. Managing Director, Marty Costello said: “Executing binding offtake and toll-milling agreements with an industry major such as Glencore is a significant milestone for TNC and our Cloncurry Copper Project. Glencore has agreed to purchase 100% of the copper metal produced at CCP and we can process up to one million tonnes of ore, each year, through the nearby Processing Plant near Cloncurry. CCP is fully permitted and TNC is on track to soon be in production for copper with CCP located in a Tier One jurisdiction. TNC’s investment thesis since listing last year has only improved, and we are excited to demonstrate this in the weeks and months to come. We’re thrilled to partner with Glencore, recognising our substantial synergies and potential for future collaborations. We are also incredibly proud this partnership will deliver economic benefits to north-west Queensland. We aim to create as many jobs and opportunities as possible for the people, businesses and communities of north-west Queensland.” Read the full ASX announcement: https://bit.ly/47MGdda #TNC #copper #production #exploration #asxnews

📰 "Anglo American takes fresh $1.6bn writedown on Yorkshire fertiliser mine - Financial Times" 📰 Check out this insightful article from the Financial Times about Anglo American's recent $1.6bn writedown on their Yorkshire fertiliser mine. It's a significant development in the industry, highlighting the challenges faced by the company. #AngloAmerican #miningindustry #financialnews https://ift.tt/xVzlG9g

Strategic Shifts: South32's Eagle Downs Sale Marks a New Era in Coal Market Dynamics · The significant write-down by South32 and bargain sale price to Stanmore Resources. · The move towards focusing on copper and base metals by South32. · The potential for Stanmore to enhance its metallurgical coal portfolio in the Bowen Basin through strategic acquisitions. South32 successfully sold its 50% stake in the Eagle Downs coal project in Queensland to Stanmore Resources for $15 million, a deal indicative of the shifting dynamics in the coal industry and broader energy markets. This transaction reflects the macroeconomic challenges and strategic reorientations affecting coal investments, amidst fluctuating demand and prices for coking coal. The sale underscores the industry's adaptation to market realities, focusing on assets with synergistic potential and the importance of strategic acquisitions in maintaining competitiveness. https://bit.ly/48cAQV0 #CoalIndustry #StrategicAcquisitions #EnergyTransition #MarketDynamics #CokingCoal #MiningSector #EconomicTrends Stanmore Resources Limited South32

🚨𝐅𝐢𝐫𝐞 𝐚𝐭 𝐀𝐮𝐬𝐭𝐫𝐚𝐥𝐢𝐚𝐧 𝐂𝐨𝐤𝐢𝐧𝐠 𝐂𝐨𝐚𝐥 𝐌𝐢𝐧𝐞𝐬  A recent fire at Anglo American's Grosvenor mine in Australia has resulted in the mine's closure until 2025. This incident is likely to impact the global coal trade and may lead to price increases. 👉 Stay informed about the latest developments with BigMint #Coalmine #AngloAmerican #CoalProduction #GlobalCoalTrade #BigMintupdates #commoditynews

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