Thanks for the kind words Adi.I see S32 heading directly down...

Thanks for the kind words Adi.

I see S32 heading directly down the decarbonisation path, reducing emissions wherever possible and practical. We could have a fun debate about the efficacy of the ESG framework the majors are fudging for advantage, but please, no ideologues.

S32's Illawarra met coal is high quality (hottest, least polluting) and ought to be preferential used along with Bowen Basin coal, all else being equal. Starting Eagle Downs is a different proposition and would prompt widespread pearl-clutching.

S32 is a diversified miner, keen to grow in base metals. It is agnostic as to which metals and is motivated more by scale, quality and opportunity.

There is a major metals supply crisis ahead as the electrical revolution will demand A LOT more Ni, Cu, Al, Ag and Zn. While Co and Li are cute, they risk substitution. There are no substitutes for Cu and Ni. If GK & team find Ni or Cu mines worth buying, we should back 'em.

Ash