Edison Releases Report on Baker Steel Resources Trust

In a recent report, Edison Investment Research Limited examined Baker Steel Resources Trust (BSRT), traded on the London Stock Exchange under the ticker BSRT. As of the end of September 2024, the Tarfaya cement grinding line of Cemos Group represents 30.8% of the trust's net asset value. Located in southern Morocco, the facility is poised to benefit from the region's public infrastructure investments. Two key projects—a compact calcination unit and a second grinding line—could significantly boost earnings by 2025. Following successful project completions, Cemos may pursue an IPO on the Casablanca Stock Exchange, potentially securing a robust valuation.