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…
BHP
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…
Miners struggle to finance projects even amid surging battery metal demand, IEA says in forecast
EVs could reach 17 million in 2024, accounting for more than one in five cars sold worldwide, according to the International Energy Agency.
Vale, BHP, Samarco seek new deal on Brazil disaster
Negotiations resumed this week after the Brazilian government and states rejected the companies’ $7.7 billion offer in December.
BHP says first stage of Jansen potash mine almost halfway complete
BHP (NYSE: BHP; ASX: BHP) says the first phase of its massive potash mine in Saskatchewan, is ahead of schedule and near the halfway point of completion at 44%. Located…
Boss Energy’s rebooted Honeymoon uranium mine in Australia counts days to first metal
Boss Energy (ASX: BOE) is two weeks away from producing its first drums of uranium as it restarts its Honeymoon mine in New South Wales, Australia, after low metal prices…
BHP and Mitsubishi close US$4.1B sale of Queensland coal mines
BHP (LSE: BHP; NYSE: BHP; ASX: BHP) and Mitsubishi Development Pty have completed the sale of the Blackwater and Daunia mines to Whitehaven Coal for US$4.1 billion. The sale, first…
Former Teck CEO Don Lindsay joins BHP board
Don Lindsay will join the BHP board as a non-executive director on May 1.
Explaining the copper conundrum
Arguably, no one is more aware of the coming copper shortage than copper miners themselves. Glencore CEO Gary Nagle warned in late 2022 — just months before the company made…
Lifezone shares rise on US$50M financing, Tanzania refinery licence
A consortium of marquee mining investors are backing Lifezone Metals (NYSE: LZM) and the development of its flagship Kabanga project in northwest Tanzania, which is on track to reach the…
Nickel: Contrarian opportunity or portfolio suicide?
Today, I’m taking a deep dive into the ill-fated nickel market.If you’re a close follower of commodity markets, you probably know the problems afflicting this sector. Surging output from Indonesia’s…
Push for ESG price premiums may reshape global critical minerals markets
As low nickel prices force Australian miners to scale back output, some have called for an ESG premium on low-carbon production that would help Western producers compete with cheaper, but…