Glencore Australia’s Post

💡 How a shake-up could unlock $40b for Rio Tinto investors Well done on this effort Ray David, Joseph Koh and David Meehan. 📈 And thank you to the The Australian Financial Review for a great, well written article. Please read more below, and follow the link to the full article. "BHP cleaned up its outdated corporate structure and can now do things like bid for Anglo American. There is pressure building on Rio Tinto to consider doing the same. There’s an investor push building at Rio Tinto; you can feel it. The miner makes most of its earnings in Australia’s Pilbara. It has made significant steps to improve relationships with government, traditional owners, employees and even shareholders since the Juukan Gorge and workplace culture undoings. But there’s a lot more work to be done." Follow the link below 👇 👇 👇 https://lnkd.in/gYQGH5Xa #Blackwattle #Quality #Investing

Drilling is a specilaised profession, extracting data for our clients is what it's all about.

"In September 2023, the London Bullion Market (LBMA) endorsed gold refined by AngloGold Ashanti." In this interview, Othon de Villefort Maia, Vice President of Corporate Affairs and Sustainability at AngloGold Ashanti Brasil, highlights the company's achievements in ESG strategies, safety measures, and LBMA endorsement. #AngloGoldAshanti #GoldProduction #ESGStrategies #CarbonReduction #TailingsManagement #AdvancedTechnology #GBR #BrazilMining

As one year has come to a close and another begins, the Lundin Group remains firmly on course to creating meaningful value for shareholders and communities alike. Our fixed goal is to state this every single year. Please read our 2023 in Review not only for highlights among our portfolio companies, but how we are creating positive legacies at large: https://bit.ly/3HjOafl

Corporate and Operational Highlights: ➡️ Continued the strategic shift of the Company into a sustainable #gold tailings processing business. Read the full #RNS here: https://lnkd.in/eMvfduSj #FMET #Gold #Tailings #Canada

Bright future ahead

No copper, no transition; no pressure, no diamonds; and generally no value w/o strategic focus and execution excellence. AAL strategic re-focus (it was high time) is predicated on delivering more value than BHP offer: that's a lot of a value gap £39bn offer vs. today's market cap of £29bn. Sense of urgency, execution focus and market conditions will be of the essence (they won't maximise value, they'll merely optimise a set of criteria incl. timing, clean carve-out, political interference and value). The simplified portfolio is excellent (maybe apart from Woodsmith) but remains sub-scale, and must indeed generate significant efficiencies (not sure how it'd be more than what BHP would have done, but clearly AAL management know their asset base better and they've been there before). Optionality in the portfolio was there before and not valued by the market. Equity re-rating will require results within six months and a higher performance than peers. In the meantime, credit story ought to be challenged given execution risks and perceived reduced diversification (although I don't share that perception). The fact of the matter is that AAL is in play (been for 15 years in fact, but under-performance and copper supply shortfall are the triggers for it to be on the open) and the fundamentals remain: scale matters in particular in copper and iron ore, and mining companies are too small on the former. However, the discipline that BHP is showing will be demonstrated by others, across the entire capital allocation framework. Plus BHP, RIO, GLEN have options beyond AAL, as have other pure plays. Still, AAL remains the prize, and other names incl. from China and Middle-East will be watching (not necessarily miners).

📢 Exciting news! Glencore has decided to keep its coal business after facing opposition from shareholders. This decision reflects the company's commitment to sustainable practices and responsible resource management. Read more about this significant development in the Financial Times article. #Glencore #CoalBusiness #SustainableFuture https://ift.tt/vyUi5Ch

Impala Platinum🇿🇦 announced a basic loss of up to 17.8 billion rand ($972.39 million) due to $1 billion in impairments from falling metal prices. The company reported a 34% drop in platinum group metal prices, leading to lower revenue and significant impairments across various operations. Headline earnings are expected to fall by up to 90% from last year's 18.8 billion rand, affected by a non-cash charge related to a share-based empowerment transaction.

Impala Platinum🇿🇦 announced a basic loss of up to 17.8 billion rand ($972.39 million) due to $1 billion in impairments from falling metal prices. The company reported a 34% drop in platinum group metal prices, leading to lower revenue and significant impairments across various operations. Headline earnings are expected to fall by up to 90% from last year's 18.8 billion rand, affected by a non-cash charge related to a share-based empowerment transaction.