Glenore's Cash-Generative Coking Coal Assets Underappreciated by Market -- Market Talk

Dow Jones

Jan 13, 2025

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)

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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) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 13, 2025 08:23 ET (13:23 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Glenore's Cash-Generative Coking Coal Assets Underappreciated by Market -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGlenore's Cash-Generative Coking Coal Assets Underappreciated by Market -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-01-13 21:23</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     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) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 13, 2025 08:23 ET (13:23 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4168","symbol_name":"多种金属与采矿","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2503301479","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2503301479","pubTimestamp":1736774580,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"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. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4168":"多种金属与采矿","GLNCY":"Glencore Plc"},"translate_title":"格莱诺尔的现金产生焦煤资产被市场低估——市场谈话","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GLNCY":0.9},"content_text":"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) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 13, 2025 08:23 ET (13:23 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}