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.
巴里克黃金（紐約證券交易所代碼：GOLD）首席執行官馬克·布里斯托認爲，併購並不能解決即將到來的銅短缺問題。鑑於必和必拓提議以390億美元收購英美資源，布里斯托主張礦業公司將重點放在發現和開發新的銅礦牀上，而不是進行整合。
"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，但這並不能改善生產狀況。整合通常會導致減產。” 布里斯托在接受《金融時報》採訪時說，他強調了他的立場，即通過併購來解決銅供應挑戰存在侷限性。
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.
在能源轉型和電動汽車（EV）產量的擴大推動下，預計全球對銅的需求將激增，行業專家呼籲大幅提高產能。
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.
必和必拓必須在5月22日之前向英美資源集團提出正式報價，如果成功，英美資源集團將創建世界上最大的銅礦開採公司之一。但是，該交易的複雜性以及盎格魯在南非的鉑金和鐵礦石方面的重要資產使其成爲許多公司面臨的挑戰。
"BHP is the ultimate 800-pound gorilla. It's a complex transaction," Bristow noted.
“必和必拓是終極的主導實體。這是一項複雜的交易，” 布里斯托指出。
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立即閱讀：德格雷礦業計劃爲澳大利亞的重大黃金項目籌集3.95億美元
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.
巴里克的戰略取決於自有銅資產的獨立開發。該公司的核心重點是巴基斯坦的Reko Diq項目，這是一個潛在的世界級銅金礦，該公司持有該礦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.
據估計，第一階段將耗資55億美元的巨額資金，這促使巴里克向國際金融公司等機構尋求投資。
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有可能成爲一個變革性的項目。預計壽命將超過40年，它有望成爲巴基斯坦經濟格局的主要貢獻者，尤其是對於欠發達的俾路支省而言。該項目將創造大量就業機會，施工期間將有7,500個職位，另有4,000個常設職位將在運營中開放。
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.
儘管尋找合格人員可能會給採礦業帶來問題，但巴里克在該計劃上處於領先地位。他們最近在坦桑尼亞前布伊瓦吉礦開設的巴里克學院將培訓來自中東和北非地區的2,000多名領班、主管和主管。
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另請閱讀：儘管參議院推遲，鈾業高管仍預計俄羅斯將禁止核燃料
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本辛加礦業是礦業公司和散戶投資者之間的橋樑。向我們伸出援手 licensing@benzinga.com 開始吧！
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譯文內容由第三人軟體翻譯。