Anglo American - (Seite 10)

[Oginvest]

Chile's miners ready to absorb higher domestic royalties, Fitch says

SANTIAGO, Sept 6 (Reuters) - Mining companies operating in Chile, the world's top copper producer, are well positioned to absorb higher domestic royalties required by a new law enacted by the country's leftist government, Fitch ratings agency said on Wednesday.

A long-awaited mining reform approved by Chilean lawmakers in May requires large copper producers to pay more taxes and royalties to the government.

"Chile's new mining royalty law will not materially weaken the competitiveness of the country's copper mining sector, but it will increase taxes, modestly pressuring miners' cash flows," Fitch said in a report.

Global mining companies such as BHP (BHP.AX), Anglo American (AAL.L) and Glencore (GLEN.L) are among those whose cash flows will be strained by the reform, Fitch said.

Several large globally diversified industry players "have made substantial capex (capital expenditure) commitments following the royalty finalization, suggesting mining economics remain competitive globally under the new tax regime," it added.

The new tax regime is taking effect gradually, since several operations maintain previously signed tax invariability contracts.

However, Fitch noted that "difficulties related to obtaining environmental permits will likely lead to a period in 2024 where no new projects come online, after the completion of (Teck Resources') Quebrada Blanca this year."

...
https://www.reuters.com/markets/commodities/chiles-miners-re…

[Oginvest]

S.African union plans wage strike at De Beers' Venetia mine

Sept 5 (Reuters) - South Africa's National Union of Mineworkers (NUM) on Tuesday said it was planning to strike at De Beers' Venetia mine after wage talks broke down, potentially disrupting operations at the diamond giant's new $2.3 billion underground facility.

NUM, South Africa's biggest mineworker union, said its members were demanding a 9% wage hike, but Anglo American Plc (AAL.L) unit De Beers was offering a 6% increase.

"The NUM can confirm that the four-month wage negotiations with the world's leading diamond company De Beers have collapsed and a dispute has been declared at the Commission for Conciliation, Mediation and Arbitration (CCMA)," NUM said in a statement.

...

In July, De Beers started production from the new $2.3 billion underground mine at Venetia after stopping 30-year open pit mining operations in December 2022.

De Beers says the Venetia underground mine will produce around 4 million carats of diamonds annually, the equivalent of 12% of its forecast group output for 2023.

https://www.reuters.com/world/africa/safrican-union-plans-wa…

[bernieschach]

die wollen einfach ihre Planwirtschaft
wir planen und planen und am Ende stellen wir fest,dass es zuviele Menschen auf der Welt gibt.

[GreenLantern1]

Antwort auf Beitrag Nr.: 74.318.977 von Oginvest am 15.08.23 11:11:04

Zitat von Oginvest: The landmark U.S. Inflation Reduction Act offers tax breaks for EVs, solar panels and other renewable energy products made from metals extracted in the United States or countries with U.S. free trade deals. Metals from "foreign entities of concern" including China, Russia, North Korea and Iran will be banned in 2025. That has sparked a race among manufacturers to lock down supply.

Demand forecasts for various EV metals have increased 12% to 15% since U.S. President Joe Biden signed the IRA last August, the reportsaid.
...
https://www.reuters.com/markets/commodities/miners-face-cons…

Mit dem IRA verursacht die USA eine künstliche Verteuerung der EV Metalle, was soll das bringen außer Schaden für US-Unternehmen?

[Oginvest]

Miners face 'considerable challenges' meeting demand from US climate law -study

Aug 15 (Reuters) - The mining industry faces "considerable challenges" meeting larger-than-expected demand for copper, nickel and other electric vehicle metals fueled by a U.S. climate law, S&P Global said in a report on Tuesday, ahead of the legislation's one-year anniversary.

The landmark U.S. Inflation Reduction Act offers tax breaks for EVs, solar panels and other renewable energy products made from metals extracted in the United States or countries with U.S. free trade deals. Metals from "foreign entities of concern" including China, Russia, North Korea and Iran will be banned in 2025. That has sparked a race among manufacturers to lock down supply.

Demand forecasts for various EV metals have increased 12% to 15% since U.S. President Joe Biden signed the IRA last August, the reportsaid.

"The energy transition is really heating up the pressures on mineral supplies, and the IRA is adding a lot to those challenges," Dan Yergin, S&P Global's vice chairman and a co-author of the report, said in an interview.

By 2035, demand for lithium, nickel and cobalt is expected to be 23 times higher than in 2021, with copper demand doubling over the same period, the study found. All of the metals are widely used in EVs and other electronics.

...
https://www.reuters.com/markets/commodities/miners-face-cons…

[Oginvest]

Auch wenn hier Anglo nicht erwähnt wird, finde die Beiträge zu BHP und Rio lesenswert:

GreenTech 2.0: Ohne Strategische Metalle geht gar nichts!
https://www.wallstreet-online.de/nachricht/17238010-nebenwer…

[Rudi07]

Antwort auf Beitrag Nr.: 74.314.861 von Oginvest am 14.08.23 17:29:42

Das könnte so kommen.

Anglo leidet derzeit auch massiv unter dem Verfall der Preise für PGM.

Ich investiere derzeit antizyklisch in Rohstoffwerte, am interessantesten finde ich aktuell Kupfer und Zinn...

[Oginvest]

Wenn man solche Meldungen liest, könnte es wohl noch etwas länger tiefe(re) Rohstoff-Kurse geben. 🤔

Copper sinks to six-week low as spotlight falls on China property

LONDON - Copper prices slid to six-week lows on Monday as the deteriorating demand outlook in top consumer China was reinforced by debt problems in its property sector, a major consumer of the industrial metal.

Benchmark copper on the London Metal Exchange (LME) traded 0.5% down at $8,255 a metric ton in official rings after touching $8,234.5 for its lowest since June 30.

Prices of the metal used in the power and construction industries have dropped 7% since Aug. 1.

Traders said that the suspension in trading of private developer Country Garden's 11 onshore bonds had thrown the spotlight on China's property sector.

"China probably isn't going to provide a big stimulus for its housing market, but it does need to be stabilised," said Bank of America analyst Michael Widmer, adding that China's monthly loan data had added to negative sentiment.

...
China's new bank loans tumbled in July and other key credit gauges also weakened, even after policymakers cut interest rates and promised to roll out more support for the faltering economy.

Traders and analysts are awaiting Chinese data on industrial production, urban investment, house prices and GDP this week, seeking clues on the health of the world's second-largest economy.

Elsewhere, aluminium fell to $2,144 a ton, its lowest since July 10, on slowing global demand. Prices of the metal used in the transport, packaging and construction were last down 1.3% at $2,147 a ton.

Analysts expect the aluminium market to register a deficit this year, but not as large as the shortfalls in 2022.

Overall, base metals are under pressure from a stronger U.S. currency, which makes dollar-priced commodities more expensive for holders of other currencies.

In other metals, zinc fell 2.7% to $2,333 a ton, lead slipped 0.6% to $2,096, tin retreated 4% to $25,415 and nickel ceded 0.6% to $20,110.

>> https://www.zawya.com/en/markets/commodities/copper-sinks-to…

[Rudi07]

Antwort auf Beitrag Nr.: 74.312.989 von GreenLantern1 am 14.08.23 13:05:14

Der anhaltende Preisverfall bei den Rohstoffen überrascht mich schon stark.

Scheinbar gibt es hier kein Halten mehr.

Unabhängig davon werde ich am 17.08.2023 ( ex Dividende ) meine bestehende Position verdoppeln und liegen lassen.

[GreenLantern1]

Seht ihr hier langsam Kaufkurse? Im Langfristchart sind wir schon deutlich im unteren Chartbereich.