M.Ichwan Saputra’s Post

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.

https://lnkd.in/g6k-9cQk The landscape has changed. The once singular domain of the very opaque metals trading houses is now being significantly disrupted. Downstream end users, green energy funds and others looking to secure supply chain for critical metals have moved in. The reality of diminishing supply for copper concentrates especially has opened the door for vastly different funding streams for project developers. The competition for concentrates is now multi layered with proponents moving much further upstream to secure assets that can potentially deliver concentrates in the near to mid term. The restrictive traditional funding methods for project development are making way for far more innovative pathways. Vertical integration of upstream projects making concentrates to downstream production for end user security will become the norm. Mobilisation of capital from green energy funds to enable the delivery of greener low carbon footprint products is happening now. Metal traders will have to change their approach to miners to compete. 😂

IEF report shows that just for business-as-usual demands, 115% more copper must be mined in the next 30 years than has been mined to date. To electrify the global vehicle fleet 55% more new mines are required than would otherwise be needed. ⏬Download our new copper EV report: https://lnkd.in/euyzVgke

US Strategic Metals signs a Memorandum of Understanding (MOU) with Stillwater Critical Minerals for the establishment of a strategic relationship to consider a range of critical-minerals related business opportunities. The MOU reflects the strong alignment in corporate values between the parties and is a significant step in creating a resilient, domestic supply chain for critical minerals essential to the clean energy transition. USSM CEO, Stacy Hastie stated, "Stillwater West is clearly one of the most important potential future sources of at least eight critical minerals and its development is perfectly in line with the US government’s mandate on securing domestic supply of these materials as well as USSM’s internal expansion mandates." https://lnkd.in/gRZg2ZyH

WTC Fund Allocation Report At World Trade Coal (WTC), we prioritize financial transparency and sustainability to ensure consistent profitability and trust with our investors and partners. Here’s a snapshot of how our funds are allocated: 10% Reserve Funds: Secured for unexpected challenges to maintain stability and operational readiness. 10% Liabilities: Dedicated to managing company expenses and obligations seamlessly. 30% Insurance & Risk Management: Protecting our projects, employees, and investments while ensuring business continuity. 30% Production of Coal: Focused on sustainable coal production and maintaining high-quality standards. 20% Mining, Import, and Export: Expanding global reach through mining operations and import/export activities. By diversifying our fund allocation, WTC delivers long-term profitability while adding consistent value to our stakeholders. 📈 Grow with WTC Visit: www.worldtradecoal.com #worldtradecoal