So the online billing and payments side is getting hosed while the PLC and and controlled lift stations through treatment to pumping stations are just peachy?
Just had a cheeseburger so I'm being observed by my neighbor's dog to see if I develop signs of bird-flu with a side order of mad cow. I think it would be called "Angry Bird Disorder" but copyrights and stuff
No
South Africa #12 >>20893061
The top 50 biggest mining companies in the world
April 5, 2024
At the end of the first quarter 2024, the MINING.COM TOP 50* ranking of the world’s most valuable miners had a combined market capitalization of a shade under $1.4 trillion, down $13 billion since the start of the year.
The historic gold run and copper’s comeback, now up 14% and 12% so far in 2024, only kicked into a higher gear after the end of the March quarter, but copper and gold counters nevertheless dominate the best performer list for Q1.
The lacklustre combined performance of the sector’s majors came despite the revival in the bellwether metals, but the broader market has been a mixed bag in 2024.
Aluminium is trading not far off 52-week highs, but zinc seems unlikely to breach $3,000 a tonne any time soon and cobalt is bobbing along historic lows below $30,000 a tonne.
Nickel has been bumped up after lows in the mid-$15,000s last year, but remains firmly stuck in bear territory and lithium’s 2024 good fortune also looks in danger of petering out.
Sentiment towards PGMs has hardly improved with both platinum and palladium drifting lower in 2024. Even iron ore prices back above $100 a tonne – the bread and butter of the diversified majors – was not enough for investors to jump back into the sector.
Gold, copper boost
First Quantum Minerals with market valuation up 58% in US dollar terms, made a welcome return at position 44 after dropping out at the end of last year following the closure of its Panama mine.
Amman Mineral continued its astounding run – the Indonesian copper and gold miner has added 380% in value since its July listing and could soon vie for a place in the 10.
Lundin Mining joins the top 50 for the first time jumping five places to 48 and is already climbing thanks to the red metal approaching 14-month highs. Lundin’s 25% rise in 204 also restores Vancouver as the number one location among top 50 headquarters after Pilbara Minerals’ exit this quarter.
Anglogold Ashanti re-entry boosts the number of precious metals miners in the top tier to 10 and their collective value to $183 billion.
China’s Yintai Gold, which in February picked up Canada’s Osino Resources, could also challenge for a position in the upper echelon from its current 54th position should gold continue to rally, but long term top 50 participant, KGHM has a hill to climb to make it back despite shares in the Polish mining company rising 15% year to date.
Diversified drubbing
While the top 50 mining companies as a whole drifted sideways during the quarter, the largest diversified companies faced headwinds going into 2024 and uncharacteristically some of the biggest names in mining feature on the worst performer list for the quarter.
The only $100bn companies in the ranking – BHP and Rio Tinto – were both down by double digits at the end of Q1 and Glencore’s rerating over the past couple of years went into reverse with declines of 9% in 2024.
Anglo American stock had a fairly uneventful Q1 2024 after the sharp H2 2023 sell-off sparked by copper guidance, PGM and South African power woes, and despite the bad news from its Woodsmith fertiliser project in England.
Nevertheless the counter has dropped below a $30 billion market cap for the first time since the outset of the pandemic and losses for the past 12 months top 30%. Rumours that Glencore may be interested after the Swiss behemoth’s bid for all of Teck Resources fell through have died down, probably for the right reasons.
More:
https://www.mining.com/top-50-biggest-mining-companies/
>>20893307 (me)
Doesn't look like much on the surface, does it?
Rabbit holes await
South Africa is well aware of Anglo American
That Glencore?, aka Glencore/Xsrata? Yeah, founded by a guy who got a pardon from Bill Clinton
BHP and Rio Tinto? Yeah, been at getting some copper mining done in Arizona for almost 30 years, held up by Apaches and environmentalists, but the joint venture of those two companies was endorsed by No Name, even had a bit of a land deal involved
Rio Tinto’s 26-year struggle to develop a massive Arizona copper mine
By Ernest Scheyder April 19, 2021
https://www.reuters.com/business/energy/rio-tintos-26-year-struggle-develop-massive-arizona-copper-mine-2021-04-19/
Canada’s Osino Resources, now owned by China’s Yintai Gold? Where do anons think that gold is going to end up? Hint: Not Ottawa