AustralianSuper has urged Anglo-Swiss mining giant Glencore to pursue a secondary listing on the S&P\/ASX 200.<\/p>\n
Speaking at the Australian Financial Review Mining Summit in Perth, AustralianSuper senior portfolio manager Luke Smith confirmed the country\u2019s largest retirement fund has engaged in active dialogue with Glencore.<\/p>\n
Smith argued that a local listing would bridge the gap between Glencore’s current market trading and its intrinsic value, a sentiment previously backed by Tribeca Investment Partners, who suggested an ASX debut could boost Glencore’s value by up to 100 per cent due to local investors’ pragmatic approach to resources.<\/p>\n
Glencore CEO Gary Nagle has signalled a willingness to engage with shareholders on the move, which follows a major internal restructure that shifted $30 billion in foreign assets into an Australian subsidiary.<\/p>\n
Concurrently, Smith defended AustralianSuper\u2019s controversial reinvestment in Whitehaven Coal, branding the stock “absolutely” attractive despite a 58% share price surge.<\/p>\n
While facing criticism from environmental advocates over the fund’s 2050 net-zero targets, Smith noted that soaring barriers to entry for new projects protect existing producers.<\/p>\n
The summit also highlighted growing enthusiasm for Endura Mining, a private copper and gold vehicle backed by AustralianSuper and Glencore.<\/p>\n
Meanwhile, VanEck portfolio manager Imaru Casanova praised ASX-listed gold miners as “boring in the best way”, urging sidelined generalist investors to return to local gold equities amid a sustained commodity rally.<\/p>\n","protected":false},"excerpt":{"rendered":"AustralianSuper has urged Anglo-Swiss mining giant Glencore to pursue a secondary listing on the S&P\/ASX 200. Speaking at…\n","protected":false},"author":2,"featured_media":73128,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[123],"tags":[2925,38674,132,17376],"class_list":["post-73127","post","type-post","status-publish","format-standard","has-post-thumbnail","category-glencore","tag-asx","tag-australiansuper","tag-glencore","tag-listing"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/116648914871743179","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/73127","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=73127"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/73127\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/73128"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=73127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=73127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=73127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}