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Der Bauchladen fällt Sibanye nun auf die Füsse. Das Geld wird schon wieder knapp.

On April 10, Froneman told Reuters Sibanye was weighing raising about $500 million through prepayment arrangements such as so-called metals streaming to shore up its cash position.

Metals streaming involves selling future metals production in return for an upfront cash payment.

The miner, which has rapidly expanded beyond gold and platinum and diversified into clean energy metals such as lithium, nickel and zinc, will ask shareholders at its May 28 general meeting to approve the conversion of $500 million bonds issued last year into shares.

If Sibanye shareholders vote against the conversion of the bonds into shares, then the convertible bonds will be settled using cash, negatively impacting the company’s financial position and limiting its capacity to invest in projects, fund operations, service debt and pay dividends.  

und sollte Pt Preis weiter anziehen lassen. Solche Meldungen kommen immer öfter EU/Weltweit und nun gehts auch am schönen Untermain langsam voran. Heute ist Eröffnung. Die Tankstelle der Stadtwerke steht auch privaten Nutzer zum Tanken zu verfügung.

https://www.primavera24.de/veranstaltungen/...stelle-in-aschaffenburg

Eröffnung H2 -Tankstelle in Aschaffenburg
Ein Müllfahrzeug sowie 12 Busse, die mit H2 über die Brennstoffzelle betrieben werden, sind bald täglich für die Stadtwerke Aschaffenburg im Einsatz. Die dafür notwendige H2-Tankstelle geht am13.05 in Betrieb.

Stadtwerke Aschaffenburg  

: )  

BHP Group
said on Monday that Anglo American had rejected a revised buyout offer valuing the company at 34 billion pounds ($42.67 billion).

Anglo American in April rebuffed BHP’s $39 billion all-share takeover proposal, saying it was opportunistic and significantly undervalued its prospects  

erneut einen 6,x% Sprung.

Tja, manchmal ist es besser KEIN Insider zu sein. Die ganz cleveren, welche das BHP Angebot mit der Bedingung sich von Amplat zu trennen gekannt haben mussten, schauen nun ganz schön dumm. Ohne Limit alles rausgehauen gings schlagartig auf 29 und nun klopfen wir wieder an die 40€.  Best week ever. LOOL  

The platinum market will remain in a deficit this year as a slowdown in the electric-vehicle boom supports demand for autocatalysts, according to the World Platinum Investment Council.

Demand for the metal in the pollution-control devices climbed to the highest since 2017 in the first quarter, and is expected to rise about 2% for the whole year, the WPIC said in a report on Monday. As well as slowing demand growth for EVs — which don’t have catalytic converters — consumption has been aided by stricter emissions rules and using the metal as a substitute for palladium.

Here are some other key 2024 platinum figures from the report:

An increase in recycled supply will be offset by a fall in mined production.

Above-ground stockpiles are expected to shrink 12%.
Investment demand is forecast to drop 69% this year as investors pull out of exchange-traded funds amid high interest rates. Still, those flows should return once the Federal Reserve cuts borrowing costs.

“You’ve got constrained supply and you’ve actually got pretty robust demand from both industrial and automotive applications,” Sterck said.  

Platin ist wirklich ein Schnäppchen.  

Mal sehen was Anglo einfädeln wird. Wenn sie ihre 79% an Amplat auf den Markt werfen kauf ich den Laden. LOOL.

Die Unsicherheit trifft auch die anderen Minen. Evtl. gibt es Amplat noch mal billig. Impala ist schon sehr gut gelaufen und Sibanye ist ständig klamm. Beim Rest ist der spread sehr groß.

Am liquidesten und unproblematischsten sind einfach die ETC. KEs, Streiks, Unfälle, Polit. Unruhen, Stromausfälle, Dammbrüche... alles gut für ETC

 

löst nun wohl Pd ab. Ich denke es kommt immer noch viel Pd aus Russland auf den Markt. Auch ist die Nachfrage bei Pd rückläufig  

ist online

https://platinuminvestment.com/files/475579/..._Quarterly_Q1_2024.pdf  

Commenting in a note to clients on Tuesday, Nedbank Securities analyst Arnold van Graan said that although Anglo’s restructuring plan was similar to BHP’s, the simplification of its structure “would be at Anglo’s chosen time and tempo.

“We believe this would be positive for Amplats – as this would give it more autonomy on its investment plans (use of its cash) and help reduce overhead costs. However, this would still create an overhang, which could weigh on Amplats’ valuation, in our view,” he said.

Amplats would have more cash at its centre rather than paying it into the UK parent, greater control over its cost structure, and could give it more power over strategy."

Yep, demerger is good! Anglo macht mit ihrem Woodsmith-Mist Schulden ohne Ende, während Amplat immer anständig Geld VERDIENT. Ohne Anglo ist Amplat besser dran. Kommt der Kurs nochmal runter wird zugekauft.

 

 

nährt die Inflation. Steigende Lohnstückkosten, steigende Transportkosten Dank LKW Mauterweiterung ab 3,5t und teuren Umwegen im Schiffverkehr, in der EU stark steigende Emissionskosten, steigende Sozialabgaben...

Dimon erwartet für die USA eher steigende Leitzinsen von der Fed, was den US$ stärken würde.

Die EZB wird wohl senken müssen, sonst droht dem Club Med die Pleite.

Es gilt mehr denn je: buy the dip. Speziell begrenzte natürliche resourcen wie PG/Metalle. Jede Preisdelle ist Hochwillkommen denn es gilt auch: don't test the water with both feet.   ; )

Slow and easy, bit by bit, get rid..

of printed money.

Amen.  

ein Containerschiff mit Preisgünstigen Autos, PV Paneele oder sonst was aus Fernost im EU Hafen andockt, bitte nicht vergessen 100% Zoll draufhauen. Sonst wärs ja zu billig.
 

Kommt mal in die Pötte Leute!

BHP tilt for Anglo American “on a knife-edge”

Analysts are divided as to how the matter will play out when the next PUSU deadline falls due on May 29 (coincidentally, the day South Africans take to national polls).

“On balance, we believe the chance is that BHP bid fails, but it’s on a knife edge,” concludes Berenberg analyst, Richard Hatch.

Were Anglo’s board to recommend BHP’s next offer – viewed now as more likely by New York bank Jefferies – there is still the chance of interloper participation. Who else might step in, the bank’s analysts ask?

“We have long believed that Glencore and Anglo make a compelling strategic combination, and it would be a surprise to us if BHP acquires Anglo without Glencore at least attempting to get involved in some way, shape or form,” it says.

The bottom line is ‘watch this space’. “This is not over yet.”  

die Specs sind nun long mit Platz nach oben. Sieht weiter gesund aus.  

Specs noch FETT short. Leider fehlt gerade Druck im Kessel.   ; /  

Anglo American schlägt 49-Milliarden-Deal in den Wind

Der Bergbaukonzern BHP beißt mit seinem Übernahmevorstoß bei dem Rivalen Anglo American auf Granit. Anglo weist die letzte Bitte von BHP um mehr Zeit für die Verhandlung einer Offerte zurück. Damit zieht das Unternehmen einen Schlussstrich unter die Avancen des australischen Bergbauriesen, der zuletzt mit einem erhöhten Angebot von 49 Milliarden Dollar gewunken hatte.

n.tv  

wird sich trotzdem aufspalten. Das könnte wieder gute Gelegenheiten ergeben. Erst mal abwarten wie es nach der Wahl in SA weiter geht.  

HOMERESOURCESGLOBAL PLATINUM MARKET AUTHORITY FORECASTS SUPPLY DEFICIT

The World Platinum Investment Council (WPIC) has released its Platinum Quarterly report for the first quarter of 2024, along with a revised full-year forecast. The report highlights several key trends and projections for the global platinum market in 2024.


Trevor Raymond, Chief Executive Officer, The World Platinum Investment Council – WPIC
Trevor Raymond, CEO of WPIC, noted that “For the second consecutive year, the platinum market will post a meaningful deficit underscored by platinum’s sustained demand and supply vulnerability amidst global economic challenges. While we currently forecast a deficit of 476 koz, it is worth mentioning that a revision to the bar and coin investment series, based on new field research and information, could mean this deficit is potentially deeper. An ongoing review by Metals Focus, the organisation which independently supplies our data, identified the strong growth in platinum bars manufactured and sold in China and has included bars less than 500g in our published data. While 500g and 1kg bars are currently excluded from demand data, sales of these larger bars in 2023 exceeded 100 koz, with signs of strong growth into 2024. Inclusion of these investment bars in demand data would have materially increased the published platinum market deficit.”

Mined platinum supply is expected to decrease by 2% to 5,468 koz in 2024. South African supply is projected to decline by 2% due to infrastructure closures, while Russian output is set to decrease significantly by 9% due to planned maintenance and Western sanctions.

Furthermore, above ground stocks are forecasted to decline for the second year in a row, hitting a four-year low of 3,620 koz.

Global bar and coin investment dropped in Q1’24, but net platinum investment is expected to remain positive for the second consecutive year. Bar and coin demand in North America is expected to exceed pre-pandemic levels, while China’s retail investment in platinum is projected to exhibit double-digit growth. Platinum ETF holdings are projected to decrease, mainly due to the discouragement of investment in non-yielding assets caused by high interest rates. The change in Stocks Held by Exchanges is expected to see an increase of 38%.

For 2024, it is expected that automotive platinum demand will grow by 2% to 3,269 koz. This growth is driven by various factors, including the slowdown in consumer demand for battery electric vehicles, continued growth in heavy-duty and hybrid vehicle numbers, stricter emissions legislation, and an increase in platinum-for-palladium substitution, which is forecast to reach 742 koz this year.

Platinum demand in the automotive sector has reached a seven-year high in Q1’24, with a total of 832 koz. This growth can be attributed to increasing vehicle production and a greater share of hybrid vehicles. The use of platinum-rich trimetallic catalysts, particularly in North America, has also contributed to the rise in demand, which saw a 13% year-on-year increase. It is projected that recycling supply will increase by 5% in 2024, as spent autocatalyst supplies begin to recover.

Global platinum jewellery demand experienced a 5% increase in Q1’24, reaching 486 koz, notably, Indian platinum jewellery fabrication saw a substantial jump of 53% to 59 koz. This growth was fueled by increased exports to the US and UAE, along with increased promotion of men’s jewellery and new store openings. Europe is projected to see a 2% growth in demand, while North America is expected to show a modest gain. The Japanese market is being supported by the bridal market, and a slight improvement is anticipated in the depressed Chinese market. Overall, global jewellery demand is projected to rise by 6% to reach 1,978 koz in 2024.

https://resourceworld.com/...asts-supply-deficit-of-476-koz-for-2024/
 

ein Schnäppchen? Amplat soll an der LSE gelistet werden. Anglo will seine 79% verkaufen. Mal sehen wie tief es diesmal geht. Mit der Mogalakwena Mine hat Amplat das beste asset in der PGM Industrie.

Auskotzen lassen, X abwarten und Implat im Auge behalten. Die muss noch ein ganzes Stück runter. ; )

https://www.miningmx.com/top-story/...-in-london-to-lessen-flow-back/  

sind allesamt schön zurück gekommen. Sibanye verliert gestern&heute heftig wegen sit in in der Kroondal Mine.

Amplat & Impala scheinen langsam unten angekommen zu sein. Bei Amplat habe ich schon wieder eingekauft. Nächste Stufe wird dann Pd gesammelt und falls crash, wird noch  Impala gekauft.

Mal die Zinsentscheidungen abwarten.  

nachvollziehbar wie man in SüdAfrika einem Teil der Belegschaft den Bonus verweigert. Dass das nicht ohne massive Proteste ausgeht ist klar.

Das grenzt ja schon an Sabotage von Seiten des Management.

Sibanye ist eh der letzte Bauchladen, alles ein bischen, nix richtig.  ; )  

Amplat CEO Miller:

“It’s still early days in terms of how Anglo sees the process unfolding. We are just getting an idea of what it looks like so it is planned and structured,” Miller said. “I take comfort from the fact Anglo did the demerger well with Thungela [Resources] which was successful demerger and listing for them,” said Miller.

Completed in 2021, shares in Thungela more than doubled in its first year of listing helped by much higher coal prices amid Russia’s invasion of Ukraine.
Miller acknowledged the PGM market is not in the same place as thermal coal was when Thungela listed, but he said Amplats’ R10bn cost out and capital reduction programme, announced in December, would position the company even if PGM prices were unchanged from today’s levels.  

Sibanye-Stillwater eases pressure with new debt covenants

SIBANYE-Stillwater has won some breathing space for its under pressure balance sheet after agreeing with lenders to raise thresholds over R6.5bn in company debt.

Froneman is expected to announce additional measures to each pressure on the balance sheet including the upfront sale of metal by-credits with a royalty or streaming company. “We have previously stated our intentions to uplift our debt covenants along with pre-emptively evaluating various non-debt capital instruments such as pre-pays and streams,” he said today.