1323 GMT - Glencore's new coking coal assets will be highly cash generative, analysts at BofA Securities write. The London-listed miner completed the acquisition of Elk Valley Resources from Teck in early July 2024. It now operates four steelmaking coal mines in the Elk Valley of British Columbia, Canada. "These new coking coal assets are world-class, large scale, long life and should be highly cash generative", they write. The analysts predict the assets will generate earnings before interest, taxes, depreciation and amortization of around $1.5 billion to $2.5 billion per year. The market currently underestimates the cash flow generation potential of these assets, they write. Shares trade up 1.7% at 364.70 pence. (adam.whittaker@wsj.com)
(END) Dow Jones Newswires
January 13, 2025 08:23 ET (13:23 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。