Elk Valley Resources’ Post

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

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

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

The copper industry is about to get a new leader.

The copper industry is about to get a new leader.

The copper industry is about to get a new leader.

The copper industry is about to get a new leader.

The copper industry is about to get a new leader.

GLENCORE’S CCR REFINERY: AN OVERVIEW OF HOW COPPER IS MADE, INCLUDING COPPER REFINING & PROCESSING Glencore’s Canadian Copper Refinery (CCR) in Montréal, Quebec, is a pivotal facility in the global copper industry, renowned for its advanced copper refining and processing techniques. Established in 1931 and formerly part of Xstrata Canada, the CCR refinery has a long-standing history of producing high-quality copper products. 🔹 Established Facility: Glencore’s CCR refinery in Montréal has been operational since 1931 and is a leader in copper refining and processing. 🔹 High-Purity Products: The refinery produces copper cathodes with a purity of around 99.99%. 🔹 Electro-Refining Process: The core refining process involves electro-refining, which purifies copper anodes to high-purity cathodes. 🔹 By-Product Recovery: Valuable metals such as gold, silver, platinum, and palladium are recovered from anode slime. 🔹 Innovation and Sustainability: CCR is committed to innovation and sustainable practices, including recycling spent anodes. #CopperRefining #Glencore #CCRRefinery #Sustainability #ElectroRefining #CopperProcessing #IndustrialInnovation #EconomicImpact #MetalsIndustry #GlobalTrade

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