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S&P Global Market Intelligence CONTRIBUTOR
Jason is a Senior Mining Analyst working within the Metals and Mining Team in London. His primary focus is building asset level production and discounted cash flow models of mining operations across the globe, and writing associated research articles.Full Bio

Date

Type

Title

Dec 2023
Research

Gold mine stripping ratios rise on high prices, grades continue declining

Since 2010, copper and gold head grades have dropped 7.6% and 13.4%, respectively. New high-grade operations in the Democratic Republic of the Congo (DRC) have, however, stalled this decline for copper in 2022. In the last three years, we have seen gold mined and reserve grades start to align, a signal that with a higher gold price, marginal miners have had more leeway to reduc...

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    Sep 2023
    Research

    Iron ore spend to buoy development capital in 2024 against overall decline

    Total capital expenditure is forecast to drop approximately $1.26 billion in 2024, with all sectors except iron ore and palladium subject to spending cuts. The impact of construction delays, operators' focus on late-stage or minesite projects over greenfield exploration, and the comparative lack of new projects transitioning from approval to build continue to dampen development...

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      May 2023
      Research

      Glencore must enhance offer to win over key Teck shareholders

      Following the recent announcement detailing Teck Resources Ltd.'s plan to split its current structure into separate carbon- and metals-focused business units, Glencore PLC approached Teck with an unsolicited bid for the Canadian miner, which was made public April 3 and roundly rejected. Glencore replied April 11 to a letter submitted by Teck's board, addressing concerns raised ...

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