The mining finance style wants to replace if the industry wants to compete with the tech sector, according to Scott Clements of Tribeca Investment Partners Singapore.
Speaking on the first day of the Tribeca Future Facing Commodities convention in Singapore, Clements said the three key investment themes for 2024 were energy transition and decarbonization, reshoring of supply chains, synthetic intelligence and big tech.
So far, however, investment flows have been directed towards very limited targets.
Clements said what’s missing is that all three investment themes would create increased demand for electricity and raw materials that feed supply chains.
He used copper as an example, and new requests for copper mined from synthetic intelligence knowledge centers are expected to increase at a time of declining production from projects in operation.
“That hole in 2030 will be about 7 million tons globally,” Clements said.
For comparison, global companies like mine, BHP and Rio Tinto’s Escondida in Chile, produce around 1 million tonnes per year.
“You’ll potentially want seven,” Clements said.
Clements said the current style of the extractive industry is too slow and generates S figures.
“Any first-year finance student could tell you that if you start an assignment that doesn’t make money until you’re 16, it’s pretty hard to sell,” he said.
Complicating the issues is the questionable monetary style of early-stage herbal resource companies.
Clements said a new model, closer to the venture capital model, is needed.
“In my opinion, this wants to be guided by governments and end users,” he said.
“Governments want to lead the way. “
According to Clements, the most important thing governments can do is simplify the authorization process.
He said that in many cases there is too much clash between federal governments and state/territorial/provincial governments.
“There is also a desire for greater responsibility in terms of assembly timelines,” Clements said, adding that this can be achieved without compromising environmental standards.
At the same time, Clements said miners could do more public relations.
He said the public had yet to hear anything negative about mining and pointed to an ABC headline that claimed federal tax profits from mining covered everyone’s salaries and the Australian police.
“These things are very well known,” he said.
According to Clements, minors also want to do more to attract young people.
“The industry is populated by white men in their 50s,” he said.
There are still two mining corporations in the S
Clements cited Andrew Forrest and Gina Rinehart as examples of what can be generated by mining.
“It can generate ordinary wealth,” he said.
A more recent example he used is Azure Minerals, whose price has risen 10-fold since he attended the same convention in Singapore a year ago, thanks to its discovery of lithium in Andover.
Azure will be acquired through Hancock Prospecting from Rinehart and Chile’s SQM for A$1. 7 billion next month.
Azure CEO Tony Rovira made his final presentation for Azure at today’s convention before “heading out into the sunset. “
He said that if he had invested A$10,000 in Azure a year ago, it would be worth A$112,000 today.
“Azure Minerals is an example of what you can do if you invest in the right company,” Rovira said.
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