Mr. Markus Bates
President, Bankers Energy, LLC
Member of the Natural Resources Council
Council Member Biography
Markus Bates is the President of Bankers Energy; a firm engaged in trading raw materials and assisting clients in transactions. Until October 2008, he was the Executive Vice President at Geo Trade International, a firm providing coal trading services. Mr. Bates has been responsible for managing international raw materials trading operations. He has more than 18 years of experience in international coal trading activities. Mr. Bates traded blast furnace coke, pulverized injection coal, and coking coal with origins in Australia, China, United States, and Venezuela. He also traded coal tar based chemicals and iron ore. Previously, he was a Vice President of International Coal Brokerage at Evolution Markets. Before, he was Vice President at CoalArbed International Trading in Baltimore, a subsidiary of Arcelor, and Ruhrkohle Trading Corporation in New York, a subsidiary of RAG Trading, a German coal trading company. Mr. Bates is fluent in German, Portuguese, and Spanish. (This is me - Update Profile)
Employment History
- 2008 - Unspecified
- President, Bankers Energy, LLC
- 2006 - 2008
- Executive Vice President, Geo Trade International, LLC
- 2002 - 2006
- Vice President, International Coal Service, EVOLUTION MARKETS LLC
GLG NewsSM Analyses by Markus Bates(?)
Opinions and analyses expressed in GLG News are solely those of the author. See the Terms of Use for details.
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RIO - Getting the Most Value for Your Product
September 12, 2008
Brazilian Miner Vale Confirms Talks to Raise Asia Iron-Ore Prices | online.wsj.com
1. Timing of CVRD announcement is rather odd with record iron ore inventories and steel prices beginning to slide in China. 2. Longterm mismatch between iron ore supply and steel demand not readily apparent in today's market. 3. The gap in vessel freight spread between Brazil and Australia into Asian customers has narrowed. 4. True value is in the product itself. Best way to optimize this value is to sell to the highest bidder. 5. Benchmarking pricing sytem is outdated. Selling ore to highest bidder could possibly lead to an index or swaps market.
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Cleveland-Cliffs/Alpha Natural Resources Became A Takeover Target Once Deal Was Announced
July 28, 2008
Cleveland-Cliffs' Fateful Flaw | online.wsj.com
Contrary to the hedge fund, Harbinger's, belief that Cleveland-Cliffs takeover bid of Alpha was to put Cleveland-Cliffs itself out of reach of potential acquirers, my first thought on this deal was: which steel company is now going to buy this newly formed company? These are two companies that sell commodities which are in short supply longterm and their value jointly may be much more valuable to a steel company than individually. Hence, this would create greater value to shareholders of both Cliffs and Alpha.
Leading institutions connect with Markus Bates through GLG
GLG Study Groups with Markus Bates(?)
| Study Group Name | No. Members |
|---|---|
| Mining Experts | 1474 |
| Steel Experts | 496 |
| Iron Ore Mining Experts | 120 |
| Metallurgical Coal Experts | 113 |
| Thermal Coal Experts | 86 |
GLG Live Meetings with Markus Bates(?)
Markus Bates has not participated in any GLG Live Meetings.