How quickly we forget - "Coal is going to be a good annuity investment. It’s always going to generate strong margins, strong cash flows"
Head of mining research at the investment bank Barrenjoey, Glyn Lawcock, said the world’s focus on rapidly decarbonising high-polluting energy sources meant quality metallurgical and thermal coal mines like Glencore’s will be hard to replace. “Coal is going to be a good annuity investment. It’s always going to generate strong margins, strong cash flows,” he said. Glencore (ASX:ZGI) readies for demerger after $10.6 billion Canada coal deal (smh.com.au)
Ann: Sale of 30% of Blackwater Mine, page-97
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