Member Info for billybigwig

Down in general...the miners are down the oilers..banks airlines are all down ftse is down full stop outlook there maybe a third wave 4th wave 5th 6th of this never ending virus and prospect of no holiday abroad ever!!! Bank interest rates down gloomy ..gloom and doom on the plus side nhs Scotland are getting a 4% payrise ..England 1% so much for a United Kingdom there's fook all united about that

Qz.once again we are looking for what we think is the bottom..where us the bottom i had £2.67 lets see if it bounces from here or continues to drop markets as a whole have dropped that £2.67 will of course over shoot but looks to be a good entry point. Or is it? Its a guessing game...ots a case of dont be too greedy and wait for strength coming back into it its better to make a little than lose a lot :-((

Qz...traders delight :-)))

Yep debt under 10 billion will (and proved to be on the decline and it certainly is looking that way) make glencore a different beast SP wise shaperite coal will still be being used most probably throughout our lifetime if 350 new power stations so far are planned to be built with a life expectancy of 40 years ill be in my 90s before they are decommissioned

Glencore is one of the world's largest producers and exporters of seaborne traded thermal and coking coal.

Coal is an important part of our global commodity portfolio and we are focused on running a profitable business in a safe, efficient, responsible and sustainable manner.

Our coal is used in power generation, steel making and industrial processes including the manufacturing of cement, aluminium and nickel.

About 85% of the coal we produce is exported, the majority of it to countries where coal continues to play a leading role in power generation given its reliability and affordability. The remainder of the coal we produce is used in domestic power generation in Australia and South Africa.

We complement our own production with agency third party and traded volumes to help ensure our customers get the quantities and qualities of coal they require in a secure, reliable and timely manner.

Coal in figures - 2020
106.2

million tonnes of coal produced at our assets

67.1 mt

of thermal coal sold via our marketing business

$45.9/t

cost/margin performance

Coal assets
We operate 26 mines in 21 mining complexes across Australia, Colombia and South Africa, supported by marketing offices across 19 countries. Our presence includes:

Australia
Australia
South Africa
South America
Coal Australia
We are one of Australia’s largest coal producers. We operate a mixture of open cut and underground coal mines across New South Wales and Queensland.

I thought it was more 30% I could be wrong

Dan the debt is coming down nicely it won't take long before glencores debt is under 10 billion mark that must surely put glencore in a different light and their target is to bring it down much lower to 2.5 billion selling off coal too early would impact profits..maybe? who knows? depends on how much they sold it for and to who the thing is coal is a large chunk of profits for glencore but it as msny fingers in different pies its trading arm makes a fortune they deal in grain copper zinc oil and do on

The average life span of a coal fired power station is 40 years

As of 2020, 350 coal-fired power plants are under construction. They include seven in South Korea, 13 in Japan, 52 in India, and 184 in China with the rest underway in other parts of the world.8 Dec 2020

Institutional investors won't touch glencore because of the fact that ivan wouldnt stop investing in coal and the buying of Rio Tinto coal assets didn't help Rio dump it ivan bought it but as we can all see coal isnt going away tomorrow so there is still a coin to be made in profits, coal is bad for global warming but the fact we are all doing something about it and being taxed in a sense for this greener move the likes of China India USA and a good few others country's don't give a monkeys but we the UK are paying for the privilege or so it seems we are green taxed ie paying emission tax on our cars and the like how much sh.it does a coal fired power station emit into the atmosphere compared to a car? Planes and ships a coal fired power station runs 24/7 ..Mainland China has the greatest number of coal-fired power stations of any nation in the world. As of 2021, there were 1,082 operational coal power plants in the country.15 Feb 2021 and still building them so is India

This predictive text is getting worse for fu.ck sake!!!!!!!

Ivan wasn't the dum ass after all not goid for the environment bit goid for glencore profits ..if the yanks and China don't give a sh.it ..why should we? China USA and India accounts for a very large proportion of the earths population so why us littlecokd UK taxed to fook ?

The World’s Three Biggest Coal Users Get Ready to Burn Even More
By Will Wade
16 March 2021, 04:01 GMT
Corrected 19 March 2021, 14:32 Gmt ..The world’s three biggest consumers of coal, the dirtiest fossil fuel, are getting ready to boost usage so much that it’ll almost be as if the pandemic-induced drop in emissions never happened.

U.S. power plants are going to consume 16% more coal this year than in 2020, and then another 3% in 2022, the Energy Information Administration said last week. China and India, which together account for almost two-thirds of demand, have no plans to cut back in the near term.

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This means higher emissions, a setback for climate action ahead of international talks this year intended to raise the level of ambition from commitments under the Paris Agreement to reduce greenhouse gases. In the U.S., the gains may undermine President Joe Biden’s push to reestablish America as an environmental leader and raise pressure on him to quickly implement his climate agenda.

“We’re going to see a really marked increase in emissions,” with coal consumption at U.S. power plants returning almost to 2019 levels, said Amanda Levin, policy analyst at the New York-based Natural Resources Defense Council

The world’s biggest 60 banks have provided $3.8tn of financing for fossil fuel companies since the Paris climate deal in 2015, according to a report by a coalition of NGOs.

Despite the Covid-19 pandemic cutting energy use, overall funding remains on an upward trend and the finance provided in 2020 was higher than in 2016 or 2017, a fact the report’s authors and others described as “shocking”.

Yep medium term copper is winner and other metals

Hahaha

:-(

I'm not recommending turkey mind you just pointing out the value for money element cheap fooker that I am :-)))

Expensive here that is ..my missus pre locked down used to go see shows in London with her sisters and niece's a girls weekend away only once a month or so but with train fair hotel 2 nights show tickets a few drinks that's a grand blown add to that the fooking new shoes she must have to go with the ne outfit you could have a 2 week holiday all inclusive in Turkey for 2 weeks

Troajan its just a bit of patience again ...the markets are taking a hit because of a few factors China...bond yields...and profit taking and third lock down for the germans...and the prospect of us getting find 5k for leaving the UK thing is its only a small country we all live in and going on hiday is fooking expensive