Some seem to be imitating goldfish, forgetting the June quarterly was released just 11 days ago, with updates across all the workstreams!
Maybe this is today's theme:
In gas and other related news:
* Evidence POSCO recognises the value of gas to heavy industry, through their local subsidiary Senex's deal to supply companies such as including AGL, Australia’s largest power supplier, as well as steelmakers BlueScope and Liberty Steel https://koreajoongangdaily.joins.com/2023/08/10/business/industry/Korea-Posco-International-Senex-Energy/20230810141414278.html
* WA offshore gas worker potential strikes has driven up gas prices: https://www.copyright link/work-and-careers/workplace/lng-strike-threat-in-wa-rocks-global-markets-20230810-p5dvd4. QPM of course will be insulated against such likelihood through their pending ownership of onshore gas asset MGP. They may also of course be able to profit from increased gas prices when selling to customers.
* WA Nickel producer Wyloo Metals is preparing to pump tens of millions of dollars into exploration around Kambalda and Widgiemooltha after ramping up production at the Cassini and Northern operations formerly owned by Mincor.It is also considering reopening mines that have been closed for years in the nickel sulphide-rich district. With carmakers and their customers increasingly concerned about the environmental damage caused by nickel laterite mining in Indonesia, Mr Giacovazzi said global markets would need more nickel from jurisdictions such as Australia and Canada, where Wyloo is aiming to have its Eagle’s Nest project in production by about 2030. Shows it IS profitable for Aussie nickel producers and it's not just SG banging on about ESG! https://www.copyright link/companies/mining/forrest-nickel-boss-says-bhp-now-happy-20230809-p5dv70
Happy Friday QPM'ers
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