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Industry Update: #DeterraRoyalties Ltd faced a sharp 10% drop in share prices as the company announced a notable shift in strategy with its $276 million bid to acquire Trident Royalties and reshape its dividend policy. 📉🔍 🚀 This move marks Deterra's entry into the lithium market, a clear pivot toward ‘green metals’ as the demand for sustainable energy resources escalates. However, the initial market response underscores a sense of investor hesitancy, with concerns over the implications for current holdings. 💼 While some shareholders remain skeptical about these changes, Deterra's leadership seems to be banking on the long-term growth prospects of lithium to complement its iron ore base. The key to success now lies in the deft integration of Trident’s assets and reassuring investors of the value this diversification brings. Read the full analysis and what this means for the future of Deterra Royalties and its investors here: https://lnkd.in/ggsrzefv #Investment #LithiumMarket #DividendPolicy #StockMarket #SharePricePlunge #SustainableEnergy #GreenMetals #StrategicAcquisition #MarketUpdate

Top Glencore shareholders favour keeping coal over spinoff Several of Glencore’s largest shareholders believe that the company should retain its coal assets, according to people familiar with the matter, throwing a proposed spinoff into doubt. Glencore, the world’s largest shipper of thermal coal with a market capitalization of about $73-billion, had said it intended to spin the business off within two years of closing a deal to buy the steelmaking coal assets of Teck Resources. But major Glencore shareholders believe that the company would be better off retaining its coal business, the people said, asking not to be identified because the information is private. The company’s largest shareholders are former CEO Ivan Glasenberg, the Qatar Investment Authority, and BlackRock. Glencore’s coal business is one of its most profitable units, driving record returns in recent years, and the plan to exit coal and list a new company in New York represented a major strategic pivot under current boss Gary Nagle. The company had long resisted pressure to follow rivals in exiting the business, arguing that the world still needed the dirtiest fuel and that it was more responsible to run the mines itself than sell them. It’s not clear when and in what form Glencore might put the spinoff to a shareholder vote, with the deal to buy Teck’s coal business yet to close. The shareholders will only form a final view once there is a concrete proposal on the table, and their stance could still evolve, the people cautioned. While Glencore announced its intention to spin off its coal assets when it agreed to the Teck deal in November, it has since then made clear that the separation would only go ahead if shareholders wanted it. A Glencore spokesperson referred to comments made by CEO Nagle in February. “When we announced the transaction, we said our intention was to spin out, and that is our intention,” Nagle told investors. “But it’s always subject to what our shareholders want, and we will consult with our shareholders, and it’s the decision of the shareholders ultimately to do that.” Glencore’s coal business has long been a source of controversy among climate activists and some investors. In 2020, Norway’s sovereign wealth fund said it had sold its Glencore stake due to the company’s exposure to thermal coal. When he unveiled the deal to buy Teck’s coal assets in November, Nagle argued that a spinoff made sense because Glencore’s coal and metals businesses would attract higher valuations as separate businesses than as one. https://lnkd.in/er9iwpRz

Trident Royalties plc (AIM:TRR, OTCQX:TDTRF) has recommended an all-cash takeover offer from Deterra Global worth 49p a share, valuing the group at £144 million. The price is a 22.5% premium to yesterday’s close and 42% above the market price in April when Deterra made a first non-binding, conditional proposal at 44p per share Trdient's business is similar to Deterra's, said the statement, notably the Thacker Pass lithium asset in the US, which “aligns squarely with Deterra's target investment criteria”. Deterra is based in Perth, Australia and listed on the ASX with a market capitalisation of approximately A$2.4 billion (£1.25 billion). Irrevocable undertakings to accept the offer have been received from approximately 24% of Trident's shareholders, with Amati Global also indicating it will accept with its 4%. More at #Proactive #ProactiveInvestors #tridentroyalties #mining http://ow.ly/f4Th105wzsG

Engineering company, DRA Global, intends to delist from the Australian Securities Exchange (ASX) and the JSE) to undertake an off-market equal access share buy-back subject to obtaining shareholder approval. Its Board believes the delistings are in its best interest considering, among other things, the low level of trading of its shares on both stock exchanges: https://bit.ly/3NkJWXM #listedcompanies #JSE #ASX #realestatenews #engineering #shareholders #investorrelations #businessnews #propertynews #mining #stockexchange

Engineering company, DRA Global, intends to delist from the Australian Securities Exchange (ASX) and the JSE) to undertake an off-market equal access share buy-back subject to obtaining shareholder approval. Its Board believes the delistings are in its best interest considering, among other things, the low level of trading of its shares on both stock exchanges: https://bit.ly/3NkJWXM #listedcompanies #JSE #ASX #realestatenews #engineering #shareholders #investorrelations #businessnews #propertynews #mining #stockexchange

Two major discussion points here: First, Northam shareholders should demand more from their CEO Paul Dunne. First, the dividends declared in this article   https://lnkd.in/d_GS_b4C are from the sale of an asset (its investment in Royal Bafokeng Platinum) not from the company performance. On the surface, (and looking at this event as a single point-in-time), this appears to be wise but if one considers events leading to the July 2023 sale of Royal Bafokeng Platinum stake, Paul Dunne messed-up bigtime. In the handling (mis) of the Royal Bafokeng Platinum, Paul Dunne caused shareholders to lose R5bn (i.e. R4bn potential income had Northam sold their shares earlier and R1Bn on advisory costs and wasted time). So this “strengthened company’s balance sheet” is actually R5bn less! If I was a Northam shareholder (and analyst), I would have enquired more from this perceived strong balance sheet. Secondly, one of the main CEO’s KPIs for a listed is to increase shareholder value (share price), if one tracks Northam’s share performance (overall) in the last 3 years, the share price has been declining. In more than a decade at the helm of Northam, what has been the overall shareholder increase during Paul Dunne's tenure and how many dividends has he overseen? The “fundamentals” and “depressed pricing environment” that he is alluding to have been pretty much existed for the past decade so they cannot be used as a scapegoat. With this scapegoating and excuses, shareholders should consider either directly investing in a mining company or simply buy  Platinum ETFs (exchange-traded fund) – because both (the mine/Northam and ETFs) are simply tracking the PGM prices. In other companies CEOs have been dismissed for much lesser “shareholder value-destruction” activities, and on performance alone, Paul Dunne  has been found wanting - bigtime.

MBK Partners Ltd., a North Asia-focused private equity firm, has successfully acquired a significant stake in Korea Zinc Inc., the world’s largest lead and zinc smelter, through a tender offer. Despite offering a lower price of 830,000 won per share compared to Korea Zinc’s buyback price of 890,000 won, MBK and Young Poong Corp. managed to secure shares from shareholders holding a combined 5.34% stake. This acquisition could potentially increase MBK and Young Poong Corp.'s combined stake in Korea Zinc to 38.47%, surpassing the 38.4% stake held by Korea Zinc Chair Choi Yun-birm and his allies, including Bain Capital and Young Poong Precision Corporation. The outcome of this deal may hinge on a South Korean court’s decision regarding the MBK-led consortium’s request to block Korea Zinc’s share buyback. https://lnkd.in/gZMRg-ga

When Is the Next ArcelorMittal \(MT\) Dividend Payment Date? All the Essential Details https://lnkd.in/dAZyucyB For investors in ArcelorMittal \(MT\), the world’s leading steel and mining company, staying informed about the next dividend payment date is crucial. Dividends provide a steady income stream and are an important aspect of total returns for shareholders. In this article, we’ll cover everything you need to know about ArcelorMittal’s upcoming dividend payment, including the expected date, historical context, and how this fits into your broader investment strategy. 1. Understanding ArcelorMittal’s Dividend Schedule ArcelorMittal’s dividends are typically announced on a semi-annual basis, meaning shareholders can expect two dividend payments each year. The company aligns its dividend schedule with its financial... Steel Price #steelprice #steelprices #steel_news #steelmarket #LME #HKEX #Metal #stock #stocks #steel

Korea Zinc's recent tender offer ended without a clear winner, leaving a power struggle unresolved. Chairman Choi Yun-beom acquired an additional 2.33 million shares, raising his stake to 11.26 percent. Combined with a 9.85 percent stake from a treasury share buyback and 1.41 percent from Bain Capital, Choi and his allies now own 35.4 percent. However, this still falls short of the necessary majority, while the MBK Partners and Young Poong alliance holds a slightly higher 38.47 percent. The rivalry is likely to escalate as both sides seek to boost their holdings, with a mere 3 percent difference in stakes. Market dynamics are further complicated by rising stock prices, with Korea Zinc shares increasing to 1.3 million won, up from 800,000 won earlier this month. The MBK-Young Poong coalition has called for an extraordinary shareholders meeting to appoint 14 new board members to influence management. Despite the call for a shareholders meeting, Korea Zinc's board, controlled by Choi's allies, can still decide on its feasibility. MBK-Young Poong's call for change may face legal obstacles, as the current board's authority is being challenged. In retaliation, Korea Zinc has accused MBK-Young Poong of impacting the tender offer's outcome, including possible price manipulation, and has indicated plans for escalating legal actions against its rivals. #AsiaRisk #GeopoliticalConflictandDisputes #SouthKorea Get a full accounting of the security situation in Asia by subscribing to Security Asia. Subscribe now--free of charge--at https://lnkd.in/g7Cs8Gkf https://lnkd.in/gYgs3Jss

#ASXNews Poseidon Nickel Limited advises that the closing date for its nonrenounceable entitlement offer made pursuant to a prospectus lodged with ASIC and released to #POS' ASX platform on 1 August 2024 (Prospectus) has been extended by one week to Tuesday 27 August 2024 to allow extra time for Eligible Shareholders to take up their entitlements, and to digest today’s announcement, “Gold Prospectivity enhanced at Black Swan and Lake Johnston”, dated 15 August 2024, as well as information that will be presented at the Investor webinar at 10am WST today. The Offer seeks to raise up to $3,713,535 (before costs). It provides the opportunity for Eligible Shareholders to subscribe for one (1) Share for every three (3) Shares held by Eligible Shareholders registered at the Record Date at an issue price of $0.003 per Share together with one (1) free New Option for every three (3) Shares applied for and issued. Each New Option will have an exercise price of $0.006 and a term of 2 years from the date of issue. See full announcement: https://loom.ly/CpGkl70 Register to today's webinar: https://loom.ly/NY0Ic0Y #PoseidonNickel #Gold #Lithium #Nickel