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Study Group: Council Members Knowldgeable on Australian Coal Mining Industry

Council Members in this Study Group: 25

This study group may include experts knowledgeable on topics such as aerospace & defense, building materials, chemicals, construction, oil & gas, timber & forest products, utilities & power generation, mining, agriculture, industrial equipment and transportation, among others.

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Leading Experts in this Study Group

Markus Bates, President, Bankers Energy, LLCMarkus Bates

President
Bankers Energy, LLC
What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

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....

2 news post(s)

GLG NewsSM Analyses by this Study Group's Leading Experts(?)

Opinions and analyses expressed in GLG News are solely those of the author. See the Terms of Use for details.

RIO - Getting the Most Value for Your Product

September 12, 2008

Analysis by:Markus Bates, President,

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  Benchmarking pricing sytem is outdated.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.

Cleveland-Cliffs/Alpha Natural Resources Became A Takeover Target Once Deal Was Announced

July 28, 2008

Analysis by:Markus Bates, President,

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.

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Members in this Study Group include these company types:

  • Consulting Firm (ei)
  • Coal Producer (ei)
  • Consulting Firm
  • Power Plant O&M Service Provider (ei)
  • Copper Mining Company (ei)
  • Precious Metals Mining Company (ei)
  • Coal Broker (ei)

Members in this Study Group often have these job titles:

  • Principal
  • President
  • Consultant
  • Owner
  • Director
  • Planning Engineer
  • Vice President
  • VP Finance
  • Business Development Manager

Related Study Groups

Study Group Name No. Members
Mining Experts 1474
Metallurgical Coal Experts 113
Coal Mining Consultants 38
Coal Pricing Experts 66
Coking Coal Experts 66
Coal Industry Consultants 101
Northern Appalachian Coal Experts 20
Thermal Coal Experts 86