Monthly Archives: July 2007
If Canada can jointly market potash, why can’t SA jointly market PGM?
Anglo has 194 million ounces of proven and probable PGM resources in the ground. At $1320 per ounce for platimum, this asset has in situ value of at least $200b USD. They have another 500 million ounces-plus of inferred resources. … Continue reading
Filed under Anglo
Kumba, strategically stranded
So many people do really detailed models on the trees and simply miss the forest. I am going to do a 3-4 hour job on Kumba. Anglo has stranded Kumba, because it only owns 65% of it and not all … Continue reading
Filed under Anglo
Diamonds might be a girl’s best friend, but they aren’t the best business for Anglo
Anglo owns 45% of deBeers through an interesting holding structure, and what is amazing is how little money they make off of it. DeBeers’ market is around 50 m carats of stones per year, and makes on an EBITA basis … Continue reading
Filed under Anglo
It’s the market control, stupid
Companies have value when they have control of a market, or when demand for their product or service exceeds supply. When both happen, like now, some companies get rich. I want to focus on control. With Anglo Platinum, if they … Continue reading
Filed under Anglo
Forget Alcan, it’s Anglo that is ripe for a take over
Everyone is hunting for the elusive great white whale that will get taken out of the market, and Rio Tinto has laid down the gauntlet with Alcan. But I think the better target is Anglo. Mining is about two things: … Continue reading
Filed under Anglo
Why this blog
The Roche Bay List has worked well for over five years. Often it cut in-depth into the issues around various iron ore and steel projects. My opinions and predictions may not have always been right, but I had something to say. As the Roche Bay project grew, the List started … Continue reading
Filed under Uncategorized
