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Copper is the metal of the energy transition. The world simply does not have enough of it to meet what electrification demands, and that gap is going to grow.
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We exited petroleum because we believe the long-term risk-return profile no longer supports holding those assets in a diversified mining portfolio.
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We are not going to do a deal just because the market expects us to. Every dollar we spend has to earn a return above our hurdle rate, full stop.
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The OZ Minerals acquisition gives us a significant copper growth platform in a Tier 1 jurisdiction, and that is exactly what we want to own more of.
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Safety is not a number you hit. It is a culture you build. If people are not going home safely, nothing else we do matters.