Written By Tshepo Magagane 1. Copper Industry needs to invest USD2.1trn to meet demand My Transition obsession – as I have said, “Africa missed out on Chinese Steel Production demand driven commodities rally while Australia fully capitalised on this to not only build at a national level but to create local capital pools”. 1. There […]
Mining Returns
Analysed By Tshepo Magagane Not all metals are created equal! Not all commodities are created equal! Not all jurisdictions are created equal! Not all management teams are created equal! You need teams that understand Geology, Engineering, Social, Politics BUT most importantly Mine Finance. Why I will keep shouting about the opportunity the Transition presents for […]
Barrick – Low Grade Realities in Copper (& Chemaf/Chinese)
Analysis By Tshepo Magagane NB: while on the other side – [Ivanhoe Mines is entering a new phase of strong free cash flow generation, following the completion of peak capital expenditures at its flagship Kamoa-Kakula copper complex] – dear me, he called it right!! 1. Lumwana – Zambia Low grades realities – Barrick using USD3/lb […]
๐๐๐๐๐๐๐๐๐๐โ๐ย ๐๐๐๐๐๐๐๐ย ๐๐๐๐๐๐๐๐ย โย ๐ย $๐๐๐ย ๐๐๐๐๐๐๐ย ๐๐๐๐๐๐๐๐๐๐๐
Written By Denise Cortรชs-Keyser ๐จย The global race for minerals is on.ย hashtag#AI,ย hashtag#EVs, andย hashtag#renewablesย are fueling demand for lithium, graphite, and rare earth metals. China dominates supply. The U.S. and Europe need alternatives. Mozambique holds some of the worldโs most strategic mineralsโyet remains largely untapped. The time to invest is NOW. ๐ย ๐๐จ๐ณ๐๐ฆ๐๐ข๐ช๐ฎ๐โ๐ฌย ๐๐ข๐ง๐ข๐ง๐ ย &ย ๐๐ซ๐ข๐ญ๐ข๐๐๐ฅย ๐๐ข๐ง๐๐ซ๐๐ฅ๐ฌโย ๐๐จ๐ฉย ๐ย ๐๐ฅ๐จ๐๐๐ฅย ๐๐ซ๐๐ฉ๐ก๐ข๐ญ๐ย ๐๐ซ๐จ๐๐ฎ๐๐๐ซย โ Supplies 10% of global graphite for […]
Mitsui Taking a Stake in an Iron Ore Asset: Interesting Valuation Perspective!
Written By Tshepo Magagane Firstly, they call it high grade and taking a closer look at it, this is 61% – so they cant be looking at HBI/DRI. They why pay up this much for the asset Relative comparison – PFS only coming out this year and first ore in 2030…yet they are paying 0.9x […]
Commodity Price forecasts – latest consensus numbers!
Analysed By Tshepo Magagane As much as they are a fool’s errand, you must pay attention to them for debt and equity models. I am going through the Barrick – Lumwana/Reko Technical reports. They are using this LT price as a scenario, but both projects would generate an IRR at USD3/lb (and interestingly, for Gold at […]
Why the Copperbelt is SO Important to the Transition-First Quantum Cost Structure
By Tshepo Magagane – Pangaea Mining & Infrastructure Executive [Kansanshi – Copper C1 cash cost1 of $1.21 per lb was $0.08 lower quarter-over-quarter as a result of the drawdown of stockpiles Sentinel – Copper C1 cash cost 1 of $2.11 per lb was higher than the preceding quarter as a result of lower production volumes and higher tolling […]
Coal
Coal – imagine having a 7bn market cap and you are adding almost half a billion in cash each quarter๐๐ Have been doing this in various roles for over 2 decades – it is important to block out a lot of noise – dear me, there is a lot of noise – even some years […]
Where are the New Cu Opportunities
By Tshepo Magagane Copper – the ore is simply not there and it is going to get worse. And everyone is going “we want PFS projects” – who is going to define them? Why it is an opportunity greater than AI or the shovels that go into it (ie Nvidia) – prospective tenements are there; […]
DLE and Lithium – no one knows!
By Tshepo Magagane I repeat no one knows! I have always said “as much as Lithium is abundantly found 1. Like iron ore, you get it right eg some moves Rinehart made at the trough, you will like have inspired investment case studies 2. D&S balances with DLE numbers either way are not worth the […]