Latimore’s future plans include expanding into other commodities while maintaining metallurgical coal as the foundation of his business. Besides his business ventures, Latimore is passionate about Ferraris and bird watching.

Read the full article that was published in The Australian – Business Review on Monday 2nd September, 2024.

We’re thrilled to welcome Aziz Bhatiya to our team as the Senior Manager of Sales & Trading, India! With his dynamic energy and proven track record, Aziz will be driving growth and leading innovative marketing strategies across these key regions.

In this Q&A, Aziz offers a glimpse into his professional journey, giving us a chance to learn more about the person behind the role and why we’re so excited to have him on the team!

1. What drew you to this industry and what excites you about it?

I was introduced to the buying and selling world of commodities at a very young age by my father who is a steel merchant in my home town. The fact that here every day comes with its own new challenge and opportunity excites me the most.

2. What has been your first impressions of the M Resources company culture and your new team so far?

We have a very dedicated and extremely powerful team here, everyone is super welcoming and open to listening your views makes me feel that I have been working here for quite some time.

3. What are you most looking forward to achieving in your new role?

In my sales & marketing role, my primary focus will remain in extending our business relationships with steel mills & other conglomerates. Advancing M resources brand & reputation in India subcontinent and MEA region will remain to be my top focus.

4. What skills and experiences do you bring to this position that you think will help you succeed?

I bring a variety of experience for having worked on purchase, sales and trading side of Coking Coal and Iron ore, I believe this consolidated experience will help me in my journey with the company.

5. What do you enjoy doing outside of work? Any hobbies or interests you’d like to share?

I enjoy hitting the gym after work and try to play badminton/TT with my friends at least 2 times a week to unwind. I also enjoy traveling- exploring new places, trying the local cuisine and interacting with the locals are always amongst the top items which I like to do during the trip.

6. What advice would you give to someone starting in this industry?

Understanding the product and customer are the most crucial aspect of the industry, so one should start it from there and always be open to change as this is the only constant I have found in the industry.

7. What are you most excited about for the future with our company?

The pace at which the company is expanding provides for the right opportunity to learn and grow excites me the most. Someone had said this to me very early in my career –“you need to have an edge to sell a product to someone in this competitive world” and I feel we have an edge with our superior products and extremely dedicated team to be successful in helping our customers grow.

Stay tuned for more updates and be sure to connect with Aziz on LinkedIn to follow his journey with us.

If you have any questions or just want to say hello, feel free to reach out!

M Resources is pleased to welcome completion of the acquisition of Illawarra Coal Holdings Pty Ltd from South32 Limited, by GEAR M Illawarra Met Coal Pty Ltd (GM³).

“Today marks completion of this transaction which delivers to GM³ ownership of a first-class prime hard coking coal complex, accompanied by an equity stake and management rights of the iconic Port Kembla Coal Terminal (PKCT),” said M Resources President and Founder, Mr Matthew Latimore.

“This acquisition is a tremendous opportunity. High quality Australian Metallurgical Coal is of strategic importance to our business, future growth and success.

“We look forward to these assets becoming part of our business portfolio following completion.

“We have tremendous confidence in the management team, and the capability and expertise of the entire workforce, particularly in underground mining,” said Mr Latimore.

M Resources, through GM³, also looks forward to being an active and responsible member of the Illawarra community.

M Resources President Matt Latimore will be a director on the Board of GM3, and M Resources will serve as marketing agent.

For M Resources, GM³ is an important addition to a growing portfolio, which includes significant ownership interests in Stanmore Resources, OneRail and MetaRock.

The consortium was advised by Grant Samuel and Corrs Chambers Westgarth.

Media Inquiries: Paul Bini 0408 721 072

Statement from Leadership:
M Resources Chairman and CEO Matthew Latimore said “M Group is looking forward to completion of the acquisition from South32 with GEAR, scheduled for September. “We are pleased to partner with JSW, one of the world’s largest steel mills. This partnership will support the investment and help supply India’s growing metallurgical coal demand. “We are looking forward to completion of the acquisition in partnership with GEAR. The acquisition is unconditional and expected to be completed in September 2024,” said Mr Latimore. Media Inquiries: Paul Bini +61 408 721 072

About M Resources:
Headquartered in Brisbane, M Resources is a market leader in the global commodities industry, specialising in steel making raw materials. M Resources is supported by a global network offices and professionals in Singapore, the UK, North America, South America, China, India and Switzerland. Operations extend from key Australian ports Newcastle, Gladstone, Mackay, Abbot Point and now Port Kembla following the acquisition of Illawarra Coal Holdings. M Resources also owns a 50% share and management rights in OneRail, a leading rail company operating in NSW and Queensland, a controlling shareholding in underground mining services group Metarock and investments in several other listed mining companies.

About JSW Steel:
JSW Steel, the flagship business of the diversified US$ 24 billion JSW Group, is not only a leading steel manufacturing company in India but also recognized as the best steel company in India. As one of India’s prominent business houses, JSW Group has interests in energy, infrastructure, cement, paints, sports, and venture capital. Certified by Great Places To Work in 2021, JSW Steel has established itself as an organization with a robust cultural foundation. Over the last three decades, it has evolved from a single manufacturing unit to become India’s premier integrated Steel plant with a capacity of 28.5 MTPA in India and the USA (including capacities under joint control). The company’s next growth phase aims to expand its total capacity to 38.5 MTPA by FY25.

We are excited to announce that Daniel Zagorskis has joined our team, bringing with him a wealth of experience and a passion for innovation. Daniel’s impressive background and fresh perspectives are a perfect fit for our dynamic environment, and we are thrilled to have him on board.

To help you get to know Daniel a little better, we’ve put together a fun and insightful questionnaire. In this blog post, Daniel shares his thoughts on his new role, his career journey, and his vision for the future. We hope you enjoy getting to know him as much as we have!

1. What drew you to this industry and what excites you about it?

The mining industry excites me due to the large-scale nature of the projects, the constant innovations in resource extraction and processing, and the critical role mining plays in producing essential materials for a variety of industries such as technology, construction and energy.

2. What has been your first impressions of the M Resources company culture and your new team so far?

The company has a high-calibre workforce of dedicated and hardworking individuals who have also been incredibly welcoming. The blend of professionalism and approachability has made for a great first experience, and I am excited to be a part of such a dynamic and driven organisation.

3. What are you most looking forward to achieving in your new role?

In my new role in the business development team at M Resources, I am most looking forward to driving strategic growth through identifying new opportunities for the company which will further M’s ongoing history of growth and success.

4. What skills and experiences do you bring to this position that you think will help you succeed?

I bring a diverse skill set and a wealth of experience to this position, having previously worked in both technical and commercial roles within the mining industry. My technical background provides a solid foundation for understanding the complexities of mining operations, while my commercial experience

equips me with the skills to identify and capitalise on new business opportunities.

5. What do you enjoy doing outside of work? Any hobbies or interests you’d like to share?

Outside of work, I enjoy engaging in physical exercise to unwind and stay fit, typically going to the gym after work to get my heart rate up. Additionally, I have a passion for traveling with my most recent trip being to Japan, where a real highlight was attending a sumo tournament.

6. What advice would you give to someone starting in this industry?

Approach everything with a willingness to learn and don’t be afraid to ask questions. Additionally, develop a mindset of accountability and responsibility, as taking ownership of your tasks/projects shows you are dependable and committed to quality work.

7. How do you stay motivated and productive in your work?


I am fortunate enough to enjoy what I do which makes it easier to stay motivated and productive. Additionally, the positive relationships I typically cultivate with colleagues also helps.

8. What are you most excited about for the future with our company?

I am most excited about the ambitious growth plans. The prospects for personal and professional development within such a dynamic and forward-thinking organisation excites me for what lies ahead.

Stay tuned for more updates and be sure to connect with Daniel on LinkedIn to follow his journey with us.

If you have any questions or just want to say hello, feel free to reach out!

BlueScope has engaged extensively with GEAR and M Resources and is eager to work with them as the new owners of IMC, continuing the long-term supply relationship with the Port Kembla Steelworks. Demonstrating their commitment to this partnership, GEAR and M Resources have agreed to several enhancements to the CSA. These enhancements include a one-year extension of the contract, now set to expire in 2033, and a commitment to a detailed review process to potentially extend the supply of the Illawarra Coal Blend beyond 2033.

This announcement refers back to the 29^th February 2024, when South32 entered into a binding agreement to sell Illawarra Metallurgical Coal. The deal involves an upfront and deferred cash consideration of US$1.3 billion, along with contingent price-linked consideration of up to US$350 million.

“This transaction will deliver significant value to our shareholders and aligns with our strategy to refocus our portfolio on commodities crucial for a low-carbon future,” said Graham Kerr, Chief Executive Officer of South32. “It will streamline our portfolio, bolster our balance sheet, and free up capital for investment in our high-quality copper and zinc development projects. Additionally, this transaction will simplify our business and reduce our capital intensity.”

Illawarra Metallurgical Coal produces high-quality metallurgical coal, an essential component in steel production, which will remain necessary until low-carbon steel becomes commercially viable. GEAR and M Resources, both established players in the Australian metallurgical coal industry with strong commitments to environmental and safety standards, are well-positioned to continue Illawarra Metallurgical Coal’s contributions to the local steel industry and the Illawarra and Macarthur regions.

“Our priority remains the safe and reliable operation of Illawarra Metallurgical Coal,” added Kerr. “In the coming months, we will work closely with the Buyer, our workforce, the local community, government, customers, and suppliers to ensure a smooth transition of ownership.”

We are thrilled to share some exciting news with all of you. To reflect where our organisation has grown to and the multi-faceted nature of our investment and operational portfolio, we have decided to review our brand presence and have subsequently created a new primary logo for the company.

Our previous logo served us well, but as we grow, our visual identity should evolve.

The logo is a crucial element of our identity, representing who we are and what we stand for. Our original logo symbolised expansion and enduring creation. With the redesign, we’re confident in going to market with a more modern, dynamic, and impactful logo that is forefront of each of businesses individual brand names and that reflects our groups growth, innovation, and commitment to expansion and excellence.

We firmly believe that this new logo will resonate with our customers, partners, and stakeholders, reaffirming our commitment to being a forward-thinking and customer-centric organisation.

Over the upcoming weeks, you will witness the gradual rollout of the new logo across various platforms, including our digital channels, marketing materials, and our latest company merchandise. We are excited about the prospect of this logo reinforcing our customer-centric approach and further strengthening our relationships with all our stakeholders. You have played such a key role in our growth and therefore enabling our continued focus on the success and growth of your businesses.

Additionally, we’re pleased to inform you that we have relocated our office to Level 33, 111 Eagle Street, Brisbane City, QLD 4000. This move signifies our commitment to growth and progress, and we look forward to welcoming you to our new space.

We sincerely appreciate your continued partnership and support.

We are pleased to offer you an exclusive first look at the logo set.