Anglo American rejects BHP’s revised US$43B proposal
Anglo American stated that the new offer was “highly unattractive” for its shareholders.
Anglo American
Rio Tinto has not ruled out Anglo American bid: report
While Rio has a smaller market capitalization than rival BHP, it’s large enough to make an all-share offer for some or all of Anglo American.
Lucara Diamond records strong quarter at Karowe mine
Lucara Diamond (TSX: LUC) said it has sold about 12% more diamonds from its Karowe mine in Botswana than in the first quarter of 2023 and operating costs are down…
Anglo American copper assets worth US$35B: analyst
BHP’s (ASX, LSE, NYSE: BHP) bold move last week to approach Anglo American (LSE: AAL) with an unsolicited US$39 billion takeover offer has as its main objective to grab copper…
Anglo American rejects BHP’s ‘undervalued’ US$39B bid
Anglo American (LSE: AAL) has rejected a US$39 billion takeover proposal from BHP (LSE: BHP; NYSE: BHP; ASX: BHP) that requires Anglo to divest its platinum and iron ore businesses…
South Africa votes 30 years after Mandela’s victory but mining challenges persist
South Africa goes to the polls on May 29 after three decades of democracy but even a transformed mining sector faces persistent challenges, the industry says. South Africa has produced…
BHP offers to buy Anglo American for US$39B
BHP (LSE: BHP; NYSE: BHP; ASX: BHP) has made a tentative all-share offer valued at £31.1 billion (US$38.8 billion) to take over Anglo American (LSE: AAL) and become the world’s…
Anglo American bullish on copper outlook, cuts diamond targets
Anglo American (LSE: AAL) reported an 11% increase in its copper output for the first three months of the year, but cut its 2024 production guidance for diamonds, as its…
Ontario budget bolsters critical minerals funding
Ontario’s new budget expands the critical minerals innovation fund by $15 million as the province prepares to enact streamlined mining permit approvals next week. The critical minerals innovation fund aims…
Fear of scandal blocks fund managers from mining: survey with Vale, BlackRock
Miners must prioritize environmental, social and governmental (ESG) improvements to attract investment funds, according to a new survey featuring Vale’s (NYSE: VALE) Mark Cutifani and BlackRock, the world’s largest asset…
Diamond producers warn of pitfalls in G7’s Russia gem ban
The World Federation of Diamond Bourses (WFDB) issued an open letter on Wednesday calling on the G7 nations and the European Union to rethink the potentially “irreparable” market outcomes of…
Sibanye-Stillwater to cut 2,600 jobs in South Africa
The precious metals producer kicked off in October a restructuring process at its four loss-making mines that was expected to result in the loss of 4,095 jobs.