| Glencore PLC (JE00B4T3BW64) | |||
3,03 GBXStand (close): 04.07.25 |
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| 25.06.25 23:21:59 | Bunge Global SA (BG) and Glencore-back Viterra Merger Receives Conditional Approval from China |  |
| Bunge Global SA (NYSE:BG) is one of the 7 best fertilizer stocks to buy according to hedge funds.Bunge Global SA (BG) and Glencore-back Viterra Merger Receives Conditional Approval from China wk1003mike/Shutterstock.com The merger between Bunge Global SA (NYSE:BG) and Glencore-backed Viterra received a conditional approval from China on June 16, 2025. The approval follows two years of regulatory investigation, due to concerns over competition in the soybean and rapeseed import markets in China. However, China has set conditions on the merger, requiring Bunge Global SA (NYSE:BG) to report quarterly on its activities and ensure the uninterrupted supply of critical crops to Chinese customers. Following this deal, Bunge is now positioned to compete with global giants like Cargill and ADM in commodity trading, processing, and logistics. Through this merger, the company is set to enhance its reach and leverage across global agri-input markets, strengthening its role in upstream food and fertilizer supply. Bunge Global SA (NYSE:BG) operates four segments through its integrated operations in oilseed processing and crop handling, supporting fertilizer-related agricultural markets. It is one of the best fertilizer stocks to buy right now. While we acknowledge the potential of BG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Overlooked Tech Stocks to Buy Now and 10 Low Risk High Reward Stocks Set to Triple by 2030. Disclosure: None. View Comments |
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| 23.06.25 07:08:31 | Glencore Insider Ups Holding By 21% During Year |  |
| Insiders were net buyers of Glencore plc's (LON:GLEN ) stock during the past year. That is, insiders bought more stock than they sold. While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Glencore Insider Transactions Over The Last Year In the last twelve months, the biggest single purchase by an insider was when Independent Non-Executive Director Martin Gilbert bought UK£43k worth of shares at a price of UK£2.85 per share. That implies that an insider found the current price of UK£2.86 per share to be enticing. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. Happily, the Glencore insider decided to buy shares at close to current prices. Martin Gilbert was the only individual insider to buy during the last year. Martin Gilbert bought 30.00k shares over the last 12 months at an average price of UK£2.80. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below! View our latest analysis for Glencore LSE:GLEN Insider Trading Volume June 23rd 2025 There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this freelist of undervalued small cap companies that insiders are buying. Insider Ownership Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Glencore insiders own about UK£3.5b worth of shares (which is 10% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders. So What Does This Data Suggest About Glencore Insiders? It is good to see the recent insider purchase. And the longer term insider transactions also give us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Glencore. Nice! While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Be aware that Glencore is showing 2 warning signs in our investment analysis, and 1 of those doesn't sit too well with us... Story Continues If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this freelist of interesting companies, that have HIGH return on equity and low debt. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. View Comments |
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| 17.06.25 13:06:00 | Bunge Overcomes Final Regulatory Hurdle to Viterra Merger | |
| Bunge Global S.A. BG, a leading integrated agribusiness firm, has announced that it is set to close in on its $34 billion merger with Viterra Ltd., after clearing the last major roadblock in the way of the deal. Bunge has received the regulatory approvals from China for this merger, which was announced nearly two years back. The merger is expected to be concluded on or around July 2, per a statement by BG. A Landmark Deal in Global Agribusiness The deal between Bunge Global and Glencore plc-backed Viterra is expected to be the largest merger among agriculture firms globally, by value. Bunge shares have soared almost 6% since Friday. The combination of the two agriculture firms is anticipated to create one of the largest crop trading and processing companies globally, on par with competitors such as Cargill. Regulatory Challenges and Global Scrutiny The deal faced several setbacks, including regulatory challenges and concerns over competition in the global market, resulting in delays. The merger is expected to reduce competition in the agricultural sector, which would directly affect farmers and their ability to sell their produce at competitive prices. The approval from Chinese regulatory authorities was the last hurdle to closing this deal. The company had been actively working to secure other necessary approvals, including regulatory approvals from Canada, the European Union and other markets. Expanded Global Reach in Key Markets Bunge believes that the merger with Viterra is a strategic fit for the company, which should bolster its position in grain exports and oilseed processing in the United States. The company currently falls behind its competitors in the U.S. market. However, the merger is expected to create a leading agribusiness giant that positions it in line with its competitors. Furthermore, this enables Bunge to increase its export capabilities and physical grain storage and handling capacity in Australia and Canada, two of the largest wheat suppliers globally. Market Headwinds BG and many of its competitors have witnessed declining profits in recent quarters due to sluggish demand and an oversupply of crops that these companies trade, store, and process into final products like food and biofuel feedstock. Bunge also noted that the global uncertainty surrounding trade policies and tariffs is anticipated to negatively impact the outlook for its agribusiness unit. BG’s Zacks Rank & Key Picks BG currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks from the energy sector are Flotek Industries Inc. FTK, Oceaneering International OII and RPC, Inc. RES, each carryinga Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. 繼續閱讀 Flotek Industries specializes in green chemistry, which provides innovative solutions aimed at reducing the environmental impact of the energy industry. Flotek develops specialty chemicals tailored for both domestic and international energy producers, as well as oilfield service companies. These chemicals not only help reduce the environmental impact of hydrocarbon production but also lower operational costs. Oceaneering International delivers integrated technology solutions across all stages of the offshore oilfield lifecycle. The company is a leading offshore equipment and technology solutions provider to the energy industry. OII’s proven ability to deliver innovative, integrated solutions supports ongoing client retention and new business opportunities, ensuring steady revenue growth. RPC generates strong and stable revenues through a diverse range of oilfield services, including pressure pumping, coiled tubing and rental tools. The company is strongly committed to returning value to its shareholders through consistent dividend payments and share buybacks, making it an attractive choice for investors seeking steady returns. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Oceaneering International, Inc. (OII) : Free Stock Analysis Report Bunge Global SA (BG) : Free Stock Analysis Report RPC, Inc. (RES) : Free Stock Analysis Report Flotek Industries, Inc. (FTK) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research 查看留言 |
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| 14.04.25 08:09:58 | A Look At The Intrinsic Value Of Glencore plc (LON:GLEN) | |
| Key Insights The projected fair value for Glencore is UK£3.11 based on 2 Stage Free Cash Flow to Equity With UK£2.54 share price, Glencore appears to be trading close to its estimated fair value Our fair value estimate is 23% lower than Glencore's analyst price target of US$4.05 In this article we are going to estimate the intrinsic value of Glencore plc (LON:GLEN) by estimating the company's future cash flows and discounting them to their present value. Our analysis will employ the Discounted Cash Flow (DCF) model. Models like these may appear beyond the comprehension of a lay person, but they're fairly easy to follow. We would caution that there are many ways of valuing a company and, like the DCF, each technique has advantages and disadvantages in certain scenarios. Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model. We've discovered 2 warning signs about Glencore. View them for free. Crunching The Numbers We are going to use a two-stage DCF model, which, as the name states, takes into account two stages of growth. The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second 'steady growth' period. In the first stage we need to estimate the cash flows to the business over the next ten years. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years. A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we discount the value of these future cash flows to their estimated value in today's dollars: 10-year free cash flow (FCF) estimate 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Levered FCF ($, Millions) US$3.37b US$6.39b US$6.57b US$6.63b US$3.90b US$3.58b US$3.41b US$3.31b US$3.27b US$3.26b Growth Rate Estimate Source Analyst x5 Analyst x7 Analyst x6 Analyst x2 Analyst x1 Est @ -8.11% Est @ -4.99% Est @ -2.80% Est @ -1.27% Est @ -0.20% Present Value ($, Millions) Discounted @ 9.2% US$3.1k US$5.4k US$5.0k US$4.7k US$2.5k US$2.1k US$1.8k US$1.6k US$1.5k US$1.3k ("Est" = FCF growth rate estimated by Simply Wall St) Present Value of 10-year Cash Flow (PVCF) = US$29b Story Continues We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 5-year average of the 10-year government bond yield of 2.3%. We discount the terminal cash flows to today's value at a cost of equity of 9.2%. Terminal Value (TV)= FCF2034 × (1 + g) ÷ (r – g) = US$3.3b× (1 + 2.3%) ÷ (9.2%– 2.3%) = US$48b Present Value of Terminal Value (PVTV)= TV / (1 + r)10= US$48b÷ ( 1 + 9.2%)10= US$20b The total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is US$49b. To get the intrinsic value per share, we divide this by the total number of shares outstanding. Compared to the current share price of UK£2.5, the company appears about fair value at a 18% discount to where the stock price trades currently. The assumptions in any calculation have a big impact on the valuation, so it is better to view this as a rough estimate, not precise down to the last cent.LSE:GLEN Discounted Cash Flow April 14th 2025 The Assumptions The calculation above is very dependent on two assumptions. The first is the discount rate and the other is the cash flows. You don't have to agree with these inputs, I recommend redoing the calculations yourself and playing with them. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Glencore as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 9.2%, which is based on a levered beta of 1.600. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. Check out our latest analysis for Glencore SWOT Analysis for Glencore Strength Debt is well covered by cash flow. Weakness Interest payments on debt are not well covered. Dividend is low compared to the top 25% of dividend payers in the Metals and Mining market. Opportunity Expected to breakeven next year. Has sufficient cash runway for more than 3 years based on current free cash flows. Good value based on P/S ratio and estimated fair value. Threat Paying a dividend but company is unprofitable. Revenue is forecast to decrease over the next 2 years. Next Steps: Although the valuation of a company is important, it ideally won't be the sole piece of analysis you scrutinize for a company. The DCF model is not a perfect stock valuation tool. Preferably you'd apply different cases and assumptions and see how they would impact the company's valuation. If a company grows at a different rate, or if its cost of equity or risk free rate changes sharply, the output can look very different. For Glencore, we've compiled three important elements you should further research: Risks: Be aware that Glencore is showing 2 warning signs in our investment analysis, and 1 of those makes us a bit uncomfortable... Management:Have insiders been ramping up their shares to take advantage of the market's sentiment for GLEN's future outlook? Check out our management and board analysis with insights on CEO compensation and governance factors. Other Solid Businesses: Low debt, high returns on equity and good past performance are fundamental to a strong business. Why not explore our interactive list of stocks with solid business fundamentals to see if there are other companies you may not have considered! PS. The Simply Wall St app conducts a discounted cash flow valuation for every stock on the LSE every day. If you want to find the calculation for other stocks just search here. Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. View Comments |
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| 04.04.25 06:18:31 | Oil Extends Sharp Drop After Surprise OPEC+ Hike, Trump Tariffs | |
| (Bloomberg) -- Oil fell further after President Donald Trump’s tariffs and an OPEC+ decision to increase output faster than previously announced triggered the worst rout since 2022. Most Read from Bloomberg Housing Agency Aims to Relocate Its DC Headquarters Metro-North Is Faster Than Acela on NYC-New Haven Route After Signal Updates Local Governments Vie for Fired Federal Workers London Clears Final Hurdle for More High-Speed Trains to Europe What Would ‘Transportation Abundance’ Look Like? Brent crude fell below $70 a barrel after plunging 6.4% on Thursday, while West Texas Intermediate was near $66. Hours after Trump’s deluge of tariffs created fresh doubts about the outlook for the global economy, OPEC and its allies tripled a planned output hike for May in what delegates described as a deliberate effort to drive down prices to punish members that were producing more than their quota. The two moves sent shockwaves across oil markets, though potentially offer a win for Trump, who has repeatedly bemoaned high crude prices. While falling costs could ease inflationary pressures for central banks, they also underscore a wider concern about the outlook for growth that’s led firms across the industry to slash their forecasts in recent weeks. “The perfect bearish cocktail has been mixed in Washington and in Vienna,” said Tamas Varga, an analyst at brokerage PVM Oil Associates Ltd. “The reciprocal tariffs on virtually every salient US trading partner justifiably raise the fears of recession and possibly stagflation. Economic and oil demand growth is adversely impacted.” Crude has been whipsawed by conflicting drivers since Trump came into office. While the threat of US sanctions on producers including Russia, Iran and Venezuela could tighten supplies, the escalating global trade war may hurt demand growth. China’s lackluster consumption is also bearish. Goldman Sachs Group Inc. cut its price outlook after the rout, lowering its forecast for Brent by $5 a barrel to $66 in December. Price volatility is also “likely to stay elevated on higher recession risk,” analysts including Daan Struyven said in a note. To get Bloomberg’s Energy Daily newsletter in your inbox, click here. Most Read from Bloomberg Businessweek With Shake Shack in First Class, Airline Food Is No Longer a Joke LA Fire Victims Are Betting on a Radical Idea to Help Them Rebuild China Tells Kids to Study Manufacturing to Fill Factory Jobs Trump’s IRS Cuts Are Tempting Taxpayers to Cheat Elon Musk Consolidates His Empire ©2025 Bloomberg L.P. View Comments |
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| 31.03.25 17:40:32 | Indigenous groups in Peru protest Glencore's Antapaccay mine | |
| By Marco Aquino LIMA (Reuters) - Members of Indigenous communities blocked access to Glencore's Antapaccay copper mine in Peru's Cusco region to protest an expansion plan at the site, a local community leader said on Monday. Local residents on Sunday began blocking roads and calling for a meeting with government mining officials over fears of environmental damage from the expansion plan, community leader Flavio Huanque said in an interview. He said the protesters represented ten different communities. Glencore did not immediately respond to a request for comment. A source close to the company confirmed that protests had blocked access to mine vehicles. Images from a local online news program showed small groups of people at different points in the road, holding signs. Antapaccay is the seventh largest copper mine in Peru, the world's third-biggest producer of the red metal. Antapaccay has faced protests by local Indigenous groups over environmental concerns in past years as well. Peru's mining sector as a whole has also faced disruptive, at times violent, protests across many of its major mines. Peru's Mining Ministry said in a social media post on Friday that it had met with Glencore executives overseeing Antapaccay's expansion plans. According to the ministry, the company representatives said the expansion represented a $1.8 billion investment, and the miner would work on agreements with the Huano Huano, Huini Coroccohuayco and Pacopata communities. The ministry did not immediately respond to a request for comment on the protests. (Reporting by Marco Aquino, Writing by Natalia Siniawski, Editing by Daina Beth Solomon and Aida Pelaez-Fernandez) View Comments |
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| 31.03.25 14:00:00 | THE Mining Investment Event - Quebec City, June 3-5, 2025 Announces Glencore Canada Exclusive Diamond Sponsor New Sponsors and Participating Issuers | |
| Diamond Sponsor Glencore Canada Special Participant Government of Québec Platinum Sponsors Agnico Eagle, Laurentian Bank Securities, National Bank Financial Markets Gold Sponsors AtkinsRéalis, IBK Capital Corp, Yukon Mining Alliance, VRIFY Silver Sponsors Atrium Research, CAUR Technologies, Crux Investor, CSE, First Phosphate, Gold Telegraph, Mi3 Financial, Newfoundland & Labrador, PearTree Financial, STIFEL, The Northern Miner, TMX Group Sustainable Sponsor Osisko Gold Royalties Copper Sponsors Alliance Advisors, Brooks & Nelson, Cassels, CDPQ, Centre des congrès de Québec, CEMI, INFOR Financial, ITG, Lucid Motors, Mercury Group, Out of the Box Capital, VER.AI Media & Partners BTV, Canadian Mining Magazine, CEO.CA, Columbus Circle Corporate Relations, Ellis Martin Report, Invercio, Kitco, Mining Discovery, Mining.com, Mining Hub, Mining IR, Newsfile, Podcast Minier, The Prospector, Resource World, PNP Promotions, VID Media Incorporated Toronto, Ontario--(Newsfile Corp. - March 31, 2025) - THE Mining Investment Event ("THE Event"), Canada's Only Tier 1 Global Mining Investment Conference©, is pleased to announce Glencore Canada as the exclusive Diamond Sponsor. THE Event is also proud to welcome new sponsors, Yukon Mining Alliance, Government of Newfoundland and Labrador, CEMI Mercury Group, Lucid Motors, VER.AI and Podcast Minier, to Quebec City, June 3-5, 2025. "We are delighted to announce that Glencore Canada has become our first ever Diamond Sponsor and the sole sponsor of THE Student Sponsorship Program - now renamed "THE Glencore Student Sponsorship Program." Due to the generosity of Glencore, we will once again sponsor 50 students from across Canada. THE Glencore Student Sponsorship Program will offer a one-of-a-kind exposure for students interested in the mining industry through participation in THE Event, where industry leaders will provide students with an unprecedented opportunity for knowledge exchange, networking, and immersive learning. THE Glencore Student Sponsorship Program is now recognized as one of North America's most comprehensive, fully funded conference initiatives for students," remarked Joanne Jobin, CEO & Founder of THE Event. "Glencore Canada is proud to support, for a second consecutive year, an exceptional program that allows students to discover the exciting world of the mining industry while making valuable contacts. The development of tomorrow's next generation is at the heart of our priorities. What a pleasure for our teams to build lasting bonds with participants and pass on a passion that will lead them towards a stimulating career, in a key sector of the Canadian economy!" — Sheila Risbud, VP Corporate Affairs Canada, Glencore Story Continues Joanne Jobin continued, "We are thrilled to announce 110 international issuers have already confirmed their participation in THE Event 2025. We are proud of the support we have received from international issuers, governments and investment communities as we continue to build a truly unique investor conference experience here in Canada. With new issuers and sponsors joining our ranks daily, we are poised for another remarkable year of growth and expect to be sold out shortly." THE Participating Companies *1x1's only ^^Mi3 ExplorCo Lounge #Coreshack Participant ~Industry Invitee/Corp. Dev. 1911 Gold Mining* TSX-V: AUMB Exiro Minerals Corp.* Private Resouro Strategic Metals* TSX-V: RSM. Sayona Mining Ltd. ASX: SYA; OTCQB: SYAXF Abcourt Mines Inc.* TSX-V: ABI; OTCQB: ABMBF Exploits Discovery Corp.* CSE: NFLD; OTCQB: NFLDF Midland Exploration Inc.* TSX-V: MD Scorpio Gold Corporation* TSX-V: SGN; OTCQB: SRCRF Abitibi Metals Corp# CSE: AMQ; OTCQB: AMQFF Firefly Metals Ltd. ASX: FFM Minéraux Stratégiques Abitibi* Private Silver One Resources Inc. TSX-V: SVE, OTCQX: SLVRF Abra Silver Resource Corp. TXS-V: ABRA; OTCQX: ABBRF Fireweed Metals Corp TSX-V: FWZ; OTCQX: FWEDF Mineros S.A. TSX: MSA Silver X Mining Corp.* TSX-V: AGX; OTCQB: AGXPF Agnico Eagle Mines Limited TSX: AEM; NYSE: AEM First Mining Gold Corp. TSX: FF; OTCQX: FFMGF Mines D'or Orbec Inc.^^ TSX-V: BLUE Sirios Resources Inc.* TSX-V: SOI; OTCQB: SIREF Altius Minerals Corporation TSX: ALS First Phosphate Corp.* CSE: PHOS: OTCQB: FRSPF Nations Royalty Corp. TSX-V: NRC: OTCQB: NRYCF Spanish Mountain Gold TSX-V: SPA: OTCQB: SPAZF Amex Exploration Inc. TSX-V: AMX; OTCQX: AMXEF FPX Nickel Corp. TSX-V: FPX; OTCQB: FPOCF Niobay Metals Inc.^^# TSX-V: NBY; OTCQB: NBYCF Standard Uranium Limited* TSX-V: STND; OTCQB: STTDF Andean Precious Metals TSX: APM Glencore Canada LSE: GLEN; JSE: GLN Newfound Gold Corp. TSX:V-NFG; NYSE-A: NFGC Stillwater Critical Minerals * TSX-V: PGE; OCTQB: PGEZF Angus Gold Inc~ TSX-V: GUS; OTCQB: ANGVF Gold Royalty Corp. NYSE: GROY New Gold Inc. TSX: NGD: NYSE: NGD Strategic Resources Inc. TSX-V:SR Apollo Silver Corp TSX-V: APGO; OTCQB: APGOF Golden Cariboo Resources ^^ CSE: GCC; OTCQB: GCCFF Northisle Copper & Gold Inc. TSX-V: NCX Strikepoint Gold Inc.^^ TSX-V: SKP; OTCQB: STKXF Arizona Metals Corp. TSX: AMC; OTCQX:AZMCF Grid Metals Corp.^^ TSX-V: GRDM; OTCQB: MSMGF Nuvau Minerals Corp.* TSX-V: NMC Summit Royalty Corp.* Private Atha Energy Corp. TSX-V: SASK; OTCQB: SASKF Harfang Exploration Inc.^^ TSX-V: HAR Opus One Gold Corporation^^ TSX-V: OOR Sun Summit Minerals Corp* TSX-V: SMN; OTCQB: SMREF Aurania Resources Ltd.* TSX-V: ARU; OTCQB: AUIAF IAMGOLD Corporation TSX: IMG; NYSE: IAG Orogen Royalties Inc. TSX-V: OGN; OTCQB: OGNRF Temas Resources Corp* CSE: TMAS; OTCQB: TMASF Avanti Gold Corp.* CSE: AGC Juno Corp.* Private Orvana Minerals Corp.* TSX:ORV Troilus Gold Corp. TSX: TLG; OTCQX: CHXMF Brunswick Exploration Inc.# TSX-V: BRW; OTCQB: BRWXF Kenorland Minerals Ltd. TSX-V: KLD; OTCQX: KLDCF Osisko Development Corp. TSX-V: ODV; NYSE: ODV Tronic Metals* Private Bunker Hill Mining Corp. TSX-V: BNKR ; OTCQB: BHLL Kirkland Lake Discoveries* TSX-V: KLDC Osisko Gold Royalties Ltd. TSX: OR; NYSE: OR Unigold Inc.* TSX-V:UGD: OTCQX: UGDIF Calibre Mining Corp. TSX: CXB; OCTQX: CXBMF Kuya Silver Corporation* CSE: KUYA; OTCQB: KUYAF Osisko Metals Incorporated# TSX-V: OM; OTCQX: OMZNF US Gold Corp. NASDAQ: USAU Canterra Minerals Corp* TSX-V: CTM; OTCQX: CTMCF Latin Metals Inc.^^ TSX-V: LMS; OTCQB: LMSQF Pasofino Gold Corp.* TSX-V: VEIN Valkea Resources Corp.* TSX-V: OZ Collective Mining Ltd. TSX: CNL; NYSE: CNL Lavras Gold Corp. TSX-V: LGC; OTCQB: LGCFF Patriot Battery Metals Inc. TSX:PMET; ASX:PMT; OTCQX:PMETF Vior Inc. TSX-V: VIO; OTCQB: VIORF CUPANI Metals Corporation* CSE: CUPA Li-FT Power Ltd. TSX-V:LIFT: OTCQX:LIFFF Peloton Minerals Corporation* CSE: PMC; OTCQB: PMCCF Vizsla Silver Corp. TSX-V: VZLA; NYSE: VZLA Cygnus Metals Limited TSX-V: CYG; OTCQB: CYGGF Lithium Royalty Corp. TSX: LIRC Pinnacle Gold and Silver Corp.^^ TSX-V: PINN Wallbridge Mining Company TSX: WM; OTCQB: WLBMF Dolly Varden Silver Corp TSX-V: DV; OTCQX: DOLLF Magna Mining Inc. TSX-V: NICU; OTCQB: MGMNF Power Metallic Mines Inc. TSX-V: PNPN; OTCQB:PNPNF Wesdome Gold Mines Ltd.# TSX: WDO; OTCQX: WDOFF Dryden Gold Corp.* TSX-V: DRY; OCTQB: DRYGF Major Drilling Group Int'l.* TSX: MDI Probe Gold Inc. TSX: PRB; OTCQB: PROBF West Red Lake Gold Mines TSX-V: WRLG; OTCQB: WRLGF Dynasty Gold Corp*# TSX-V: DYG Mandalay Resources Corp TSX:MND; OTCQB: MNDJF Q2 Metals Corp.# TSX-V:QTWO; OTCQB:QUEXF Wheaton Precious Metals TSX:WPM; NYSE:WPM E2Gold Inc.^^ TSX-V: ETU; OTCQB ETUGF Maple Gold Mines Ltd. TSX:-V: MGM; OTCQB: MGMLF Quimbaya Gold Inc. ^^ CSE: QIM; OTCQB; QIMFG XXIX Metal Corp.* TSX:V: XXIX; OTCQB: QCCUF Emperor Metals Inc. ^^ CSE: AUOZ; OTCQB: EMAUF Maritime Resources Corp. TSX-V: MAE Radisson Mining Resources TSX-V: RDS; OTCQB: RMRDF Yukon Metals Corp.* CSE: YMC: OTCQB: YMMCF Equity Metals Corporation* TSX-V: EQTY; OTCQB: EQMEF Max Resource Corp. TSX-V: MAX Red Pine Exploration* TSX-V: RPX: OTCQB: RDEXF THE MINING INVESTMENT EVENT - AGENDA Centre des congrès de Québec | Quebec Convention Centre Mon. June 2 6:00 pm - 9:00 pm – CAUR Technologies Welcome Event - Badges & Beers; - Loggia, Quebec Convention Centre – Pre-registration and live entertainment DAY I - Tues. June 3 Producers & Royalty Co's 7:00 am - 5:00 pm – Company Presentations, Keynote Speakers/Panels & Scheduled 1x1 Meetings – 6:30 pm - Midnight - THE Sponsors Gala Networking Coreshack & Casino Event - THE Juneuary Lounge DAY II - Wed. June 4 Critical Metals & Transition Energy 7:00 am - 5:00 pm – Company Presentations, Keynote Speakers/Panels & Scheduled 1x1 Meetings – 6:00 - 7:30 pm - THE Sponsors Cocktails & Coreshack Networking Event - THE Juneuary Lounge – 9:00 pm - Midnight - THE AtkinsRéalis After Dark Event - Hilton Ballroom Foyer, 2nd Floor DAY III - Thurs. June 5 Explorers & Developers 7:00 am - 4:00 pm – Company Presentations, Keynote Speakers/Panels & Scheduled 1x1 Meetings – 4:00 pm - Adieu Cocktails - Loggia, Quebec Convention Centre THE Event is by invitation only - Interested investors & issuers, please go here: https://www.themininginvestmentevent.com/register or contact Jennifer Choi, jchoi@irinc.ca THE Mining Investment Event-Canada's Only Tier I Global Mining Investment Conference© is held annually in Québec City, Canada. It is independently sponsored and designed to facilitate privately arranged meetings between mining companies, international investors, and various mining government authorities. The conference provides a platform to hear from some of the most influential thought leaders in the sector. THE Event is committed to promoting diversity, equality, and sustainability in the mining industry through education and innovation through its unique Student Sponsorship and SHE-Co Initiatives. Joanne Jobin CEO & Founder IR.INC & VID Media jjobin@irinc.ca Jennifer Choi Vice President, Operations IR.INC & VID Media jchoi@irinc.ca Brhett Booker Associate IR.INC & VID Media bbooker@irinc.ca Sydney Schuch Associate IR.INC & VID Media sydney@irinc.ca X YouTube To view the source version of this press release, please visit https://www.newsfilecorp.com/release/246660 View Comments |
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| 26.03.25 17:43:41 | Prospect of U.S. tariffs haunting Canadian copper sector | |
| A worker holds a chunk of Bessemer matte at the Vale Copper Cliff Smelter Complex in Sudbury, Ont. (Credit: Financial Post files) United States President Donald Trump is laying the groundwork for tariffs on copper that could send shockwaves through the eastern part of Canada’s sector and ultimately benefit China. Canada in 2023 produced 2.2 per cent of global mined copper, less than half of what’s produced in the U.S., which accounted for five per cent. Nonetheless, more than half the copper produced in Canada, mainly from the eastern part of the country, was shipped to the U.S., making up a large portion of the imports there. But Canadian sector leaders are now worrying they could lose out while metal traders sitting behind desks win in other parts of the world due to the emerging possibility that copper will be dragged into the Canada-U.S. trade war and then both sides imposing tariffs in a tit-for-tat escalation. “The impact of tariffs will be felt in Eastern Canada, where Glencore recycles e-waste that comes from the U.S., producing copper and other metals that go back to the U.S.,” Pierre Gratton, president of the Mining Association of Canada, an industry lobby group, said. He said Glencore operates the country’s lone copper smelter — the Horne Smelter in Rouyn-Noranda, Que, and that facility posts “very small margins, so any increase in costs can be very serious.” A Glencore spokesman declined to comment on the impact that tariffs could have on the company or its Horne Smelter, which receives a portion of its feedstock from the U.S. Overall, the company has both a metals and mining division and a metals trading division, also known as marketing. In February, chief executive Gary Nagle said the marketing division benefits from the uncertainty caused by Trump’s tariffs. “Although maybe long term these tariffs may not be so good for global growth,” he said on a Feb. 19 earnings call, “in the short term, as we see this volatility and this heightened uncertainty, it raises our ability to get better returns off our marketing business because of these dislocations and arbitrage opportunities.” Still, that is unlikely to benefit workers connected to Horne’s operations. In December, Glencore cut 85 people from the 100-person team in Montreal that oversees its Canadian copper and zinc assets as part of a cost-cutting reorganization of its smelting business. The facility benefits from Quebec’s low energy costs and experienced workforce, but it has also been hurt by rising copper prices: On Tuesday, U.S. copper futures hit an all-time high of US$5.83 per pound, up around 30 per cent for the year and breaking the record set last May. “Tariffs risk upsetting the global copper market,” said Kevin Gagnon, president of the Federation of the Manufacturing Industry, a trade union that represents regional mine workers. “Uncertainty is not good news in a context where we need to increase copper production to electrify our economies.” Story Continues He said copper tariffs are likely to hurt Quebec workers to the extent that they make it too expensive for Horne to import scrap. “The U.S. doesn’t have the capacity to recycle e-waste and its copper smelting capacity is generally limited,” Gratton said, “so a trade war on copper will only hurt all of North America and benefit China.” Tom Mulqueen, an analyst at Citigroup Inc., earlier this month said he expects tariffs could ultimately weaken copper consumption, which could lead prices lower. But in the short term, it’s having the opposite effect. “We think U.S. copper price outperformance in anticipation of copper import tariffs is already having a physical tightening effect on the ex-U.S. market by driving higher U.S. refined copper imports and discouraging scrap exports,” he said in a note on March 6, adding it could persist through the second quarter. Jeff Killeen, director of policy and programs at the Prospectors & Developers Association of Canada, an industry group for exploration companies, said copper tariffs are a “double-edged sword” that could lift metal prices, but also create barriers to trade. In February, Trump signed an executive order calling for an investigation to assess the national security risks of his country’s dependence on copper imports, a move that has prefigured other tariff announcements. Trump's order to boost mining in U.S. could help Canada Poilievre promises to fast-track 'Ring of Fire' mining project Canada’s largest copper mines are located in British Columbia and include Vancouver-based Teck Resources Ltd.’s Highland Valley Copper mine and Toronto-based Centerra Gold Inc.’s Mount Milligan Mine. Both companies have said they ship their copper concentrate into Asia, not the U.S., providing some protection from potential copper tariffs. • Email: gfriedman@postmedia.com Bookmark our website and support our journalism: Don’t miss the business news you need to know — add financialpost.com to your bookmarks and sign up for our newsletters here. |
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| 26.03.25 10:18:45 | Glencore declares force majeure on copper shipments from Altonorte smelter in Chile | |
| LONDON (Reuters) - London-listed miner Glencore has declared force majeure on copper shipments from its Chilean Altonorte smelter, where production has been suspended, two industry sources said. Companies declare force majeure when unexpected circumstances prevent them from meeting contractual obligations. The sources did not know how long operations at Altonorte, which has capacity to produce 350,000 metric tons of copper a year in anode form, would be suspended. Glencore declined to comment. Altonorte's output is a fraction of refined global copper supplies estimated at around 26 million tons, but a long suspension could widen the deficit some analysts are expecting this year. Much of the copper produced in Chile is shipped to the U.S., where prices on COMEX have soared to record highs on worries about shortages due to tariffs on imports of the metal used in the power and construction industries. The most active copper contract on COMEX for settlement in May hit $5.3740 a lb or $11,847 a ton on Wednesday. The force majeure was first reported by Bloomberg on Tuesday. (Reporting by Pratima Desai; Editing by Jan Harvey) View Comments |
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| 25.03.25 19:30:00 | Glencore Mine Spews More Methane Than It Reports, Study Finds | |
| (Bloomberg) -- Glencore Plc’s Hail Creek coal mine in Australia emits between three and eight times more methane than it reports, according to a new study, calling into question the accuracy of conventional approaches for measuring the potent greenhouse gas. Most Read from Bloomberg They Built a Secret Apartment in a Mall. Now the Mall Is Dying. Why Did the Government Declare War on My Adorable Tiny Truck? Trump Slashed International Aid. Geneva Is Feeling the Impact. Chicago Transit Faces ‘Doomsday Scenario,’ Regional Agency Says How SUVs Are Making Traffic Worse The analysis, commissioned by the United Nations and published in ACS’s journal Environmental Science & Technology Letters, was based on data from aircraft that flew over the site in 2022 and 2023 equipped with atmospheric sensors as well as a spectrometer pilots used to observe invisible plumes of the gas spewing from the mine. It’s the most comprehensive research on coal mine methane emissions undertaken by the UN’s monitoring body. “The discrepancy between operator-reported emissions and our two aircraft-based estimates underscores the need for a comprehensive review of the bottom-up reporting methods currently applied at Hail Creek,” the more than 20 authors of the report wrote. Australia has established an expert panel on measuring fugitive methane emissions, which will examine methodologies such as the ones used in the study and advise the government on their potential use to improve the estimates, a spokesperson for the Department of Climate Change, Energy, the Environment and Water said. Glencore, the world’s largest coal trader, cast doubt on the peer-reviewed study. The paper relied on “extremely limited aerial surveys conducted over a period representing less than 1% of the mine’s operating time within a two-year period,” the Switzerland-based company said in an email. “This limited data was then used to extrapolate an annual emissions inventory for the mine. The use of such a small data sample lacks credibility.” The study also fails to assess upwind methane emissions and “simplistically attributes any methane anomalies in the vicinity of the mine to the mine,” Glencore said. The implications of potentially under-reporting methane emissions from Australia’s coal mines are significant both for the nation’s own climate goals and because undocumented releases could reverberate through global energy supply chains. Australia exports more than half the world’s seaborne metallurgical coal used in steelmaking and the Bowen Basin in Queensland, where Hail Creek is, provides a major share of that. Story Continues “Any steel producer in the world is likely getting chunks of their metallurgical coal supply chain from Australia and potentially from the Bowen Basin,” said Chris Wright, a climate strategy adviser for energy think tank Ember. “If you don’t get emissions monitoring right you would be affecting importers’ ability to say what their emissions are.” Hail Creek was first identified as a methane hotspot in 2021 by researchers in the Netherlands studying satellite observations. They estimated the mine’s releases exceeded its operator-reported Scope 1 emissions, which include methane and carbon dioxide, by more than 12 times, according to the UN-commissioned paper. Discrepancies between satellite and aircraft-based measurements may stem from multiple factors including the lower spatial resolution of the satellite, which could make it more difficult to distinguish plumes from other mining pits. All available atmospheric data-based estimates indicate higher emissions rates than would be reported through Australia’s National Greenhouse and Energy Reporting Scheme or the nation’s Safeguard Mechanism, according to the study. Results from the aerial survey show “substantial alignment” with the gas content for Hail Creek’s coal seams, which are approximately four times higher than a Bowen Basin-wide government emissions factor, the authors said, citing data from the Queensland Petroleum Exploration Database. Methane from coal mining accounted for about 5% of Australia’s emissions in 2020, according to its latest submitted report to the UN. “If a country should get this right, it should be Australia,” said Peter Rayner, science lead for Open Methane, a platform for detecting and measuring the country’s emissions. “We’ve got the technological capability to do this properly.” Most Read from Bloomberg Businessweek Business Schools Are Back Google Is Searching for an Answer to ChatGPT The Richest Americans Kept the Economy Booming. What Happens When They Stop Spending? A New ‘China Shock’ Is Destroying Jobs Around the World How TD Became America’s Most Convenient Bank for Money Launderers ©2025 Bloomberg L.P. View Comments |
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