Barrick Gold CEO Says Mergers Won't Fix The Copper Shortage
Barrick Gold CEO Says Mergers Won't Fix The Copper Shortage
Barrick Gold's (NYSE:GOLD) CEO, Mark Bristow, believes that mergers and acquisitions do not address the impending copper shortage. In light of BHP's proposed $39 billion takeover of Anglo American, Bristow advocated for mining companies to focus on discovering and developing new copper deposits rather than pursuing consolidation.
巴里克黄金（纽约证券交易所代码：GOLD）首席执行官马克·布里斯托认为，并购并不能解决即将到来的铜短缺问题。鉴于必和必拓提议以390亿美元收购英美资源，布里斯托主张矿业公司将重点放在发现和开发新的铜矿床上，而不是进行整合。
"You can consolidate, but it doesn't bolster the production profile. Consolidation often leads to production reduction," Bristow remarked in an interview with the Financial Times, underlining his stance on the limitations of M&A to solve the copper supply challenge.
“你可以整合，但这并不能改善生产状况。整合通常会导致减产。” 布里斯托在接受《金融时报》采访时说，他强调了他的立场，即通过并购来解决铜供应挑战存在局限性。
As global demand for copper is expected to surge, driven by the energy transition and expanding electric vehicle (EV) production, industry experts are calling for substantial increases in production capacity.
在能源转型和电动汽车（EV）产量的扩大推动下，预计全球对铜的需求将激增，行业专家呼吁大幅提高产能。
BHP has until May 22 to make a formal offer for Anglo American, which, if successful, would create one of the largest copper mining companies in the world. However, the complexity of the transaction and Anglo's significant assets in platinum and iron ore in South Africa make it a challenging pursuit for many companies.
必和必拓必须在5月22日之前向英美资源集团提出正式报价，如果成功，英美资源集团将创建世界上最大的铜矿开采公司之一。但是，该交易的复杂性以及盎格鲁在南非的铂金和铁矿石方面的重要资产使其成为许多公司面临的挑战。
"BHP is the ultimate 800-pound gorilla. It's a complex transaction," Bristow noted.
“必和必拓是终极的主导实体。这是一项复杂的交易，” 布里斯托指出。
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Barrick's strategy hinges on the independent development of its own copper assets. The company's central focus is the Reko Diq project in Pakistan, a potential world-class copper-gold mine in which the company holds a 50% stake.
巴里克的战略取决于自有铜资产的独立开发。该公司的核心重点是巴基斯坦的Reko Diq项目，这是一个潜在的世界级铜金矿，该公司持有该矿50％的股份。
The first phase is estimated to cost a hefty $5.5 billion, prompting Barrick to seek investments from institutions like the International Finance Corporation.
据估计，第一阶段将耗资55亿美元的巨额资金，这促使巴里克向国际金融公司等机构寻求投资。
Reko Diq has the potential to be a transformative project. With a projected lifespan exceeding 40 years, it's poised to become a major contributor to Pakistan's economic landscape, particularly for the underdeveloped Balochistan province. The project should create a significant number of jobs, with 7,500 positions during construction and a further 4,000 permanent roles opening up upon operation.
Reko Diq有可能成为一个变革性的项目。预计寿命将超过40年，它有望成为巴基斯坦经济格局的主要贡献者，尤其是对于欠发达的俾路支省而言。该项目将创造大量就业机会，施工期间将有7,500个职位，另有4,000个常设职位将在运营中开放。
While finding qualified personnel can pose a problem in the mining industry, Barrick is ahead of the curve on this plan. Their recently opened Barrick Academy at the former Buywagi mine in Tanzania will train more than 2,000 foremen, supervisors, and superintendents from the MENA region.
尽管寻找合格人员可能会给采矿业带来问题，但巴里克在该计划上处于领先地位。他们最近在坦桑尼亚前布伊瓦吉矿开设的巴里克学院将培训来自中东和北非地区的2,000多名领班、主管和主管。
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译文内容由第三方软件翻译。