Copper M&A — The Cupboard is Nearly Bare

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We review a decade of copper M&A and preview future activity — In this piece we review the past decade’s copper M&A and identify a number of key trends. We also look at the likely acquirers of assets and assess the large-scale copper assets that are likely to be the subject of future interest and those that may become available….

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African Gold M&A — The Market’s Open

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Today we are publishing a thematic report on African Gold M&A entitled The Market is Open. In this report we take a look at the past, present and future for M&A activity in the African gold space (excluding South Africa). We review M&A activity over the past ten years to provide some context, we assess the current strategies and financial…

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Coking Coal — Showing its Mettle

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The scarcity value of the commodity and investable companies in the coking coal space makes it an interesting and under-analysed sector for equity investors. Combined with above-consensus forecasts for commodity prices, our analysis suggests that the outlook is bright. This view appears to be shared by many corporates, with the recent prices paid for high-quality projects in the asset market…

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The Aussie Dollar — Not Coming Down Anytime Soon

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The Alchemist, Issue 34: The Australian dollar traded at a January average of US$0.795/A$ and ended the month at US$0.807/A$.  This recent appreciation has largely been due to the broad, positive macroeconomic outlook and the ongoing expectations for an interest rate increases in the near future. For the full report please click here.

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2017 in Review

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Over the past few years operating in the natural resources space has been a grind, which has seen a significantly greater effort to close transactions and win business.  A consequence of these changing market conditions has been that the nature of the advisory business moved from being predominantly sell-side mandates for major miners to buy-side mandates and capital raisings in…

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