This Month
- Analysis
- Mergers & acquisitions
BHP’s siren song to Anglo shareholders is operational excellence
A claim to be the mining sector’s “best operator” is a big part of BHP’s pitch to Anglo American shareholders, as it promises to get more blood out of the same stones.
- Peter Ker
April
BHP’s rivals for Anglo American set to emerge
The UK-listed miner has rejected an approach from BHP, but other major miners including Rio Tinto could announce a competing bid.
- Updated
- Tom Wilson
BHP’s $60 billion copper play was years in the making
How chief executive Mike Henry has been methodically hunting a big deal for years.
- Thomas Biesheuvel, Dinesh Nair and Paul-Alain Hunt
Anglo American rejects BHP’s $60b bid for copper supremacy
Anglo American investors were already cool on BHP’s offer as the race between global mining heavyweights for copper assets hots up.
- Brad Thompson and Elouise Fowler
The rare earths mine becoming a bellwether for US minerals policy
China is home to 70 per cent of rare earths mining and 90 per cent of processing capacity. Tackling this dominance has become one of Washington’s strategic priorities.
- Harry Dempsey
‘Unequivocal failure’: Activist fund tries to unseat Larry Fink
Bluebell Capital Partners is proposing to oust the BlackRock founder as chairman of the world’s largest asset manager.
- Updated
- Brooke Masters
March
Borrowers squeezed: RBA; UK tax hits Aussies; Apple’s core problem
Read everything that’s happened in the news so far today.
Glencore abandons coal production cap as another climate pledge fails
Five years after it promised to cap annual coal production at 150 million tonnes, Glencore has withdrawn the policy.
- Peter Ker
Big Glencore shareholders will back coal plan
Big shareholders in Glencore say swift coal divestments are not the answer, but they are inclined to trust the company’s coal demerger plan.
- Peter Ker
Copper spikes on huge volumes as smelters weigh cuts
Copper spiked to an 11-month high after Chinese smelters pledged to explore measures to cope with a plunge in processing fees.
- Updated
- Mark Burton
- Exclusive
- Carbon challenge
Glencore urged to keep coal, seek ASX home
Activist investor Tribeca has told Glencore directors they could add billions in value by retaining coal and embracing the ASX as its primary listing.
- Peter Ker
February
Glencore keeps faith in Australian zinc, nickel as coal buoys produce
The vow to persist with struggling local base metal mines came as its coal operations provided more than 52 per cent of the Swiss company’s full-year earnings.
- Peter Ker
Multi-employer pay push a danger to industry: miners
The peak mining body is seeking to block a landmark union bid to use Labor’s multi-employer bargaining laws to secure a pay deal across five miners.
- David Marin-Guzman
Boutique adviser 333 Capital in the thick of WICET’s $3b refi
While small parcels of WICET debt have changed hands, so far there isn’t a dominant player on track to building a big exposure.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Hundreds of jobs to go as nickel price slump claims Tasmanian mine
The closure of the Avebury operation follows a string of other closures in Western Australia. The local industry has warned that up to 10,000 jobs were at risk.
- Brad Thompson
January
US fires on Houthi missile hours after Trafigura ship attack
The attack on the Marlin Luanda will raise fresh questions about whether oil tankers will continue to transit the Red Sea.
- Alex Longley, Archie Hunter and Mohammed Hatem
From Cobar to Colorado: Aussie Tom Palmer’s rise to global mining CEO
He led a foreign raid on the nation’s top gold miner. But Tom Palmer is also the Cobar kid who wants Newmont to be the top gold pick for Australian investors.
- Peter Ker
Coal play WICET taps King & Wood Mallesons for $3b refi
The Queensland coal port is back in focus as its looming refi puts lenders’ environmental, social and governance policies to the test.
- Sarah Thompson, Kanika Sood and Emma Rapaport
The eight mines most at risk of closure amid a battery metals slump
The boom in battery metal prices has turned to bust, prompting closure of high-cost Australian lithium and nickel operations. Could these be the next to shut?
- Peter Ker
December 2023
Jervois Global finds itself favoured by governments, not markets
The ASX-listed battery minerals play is at the centre of a taxpayer-funded bidding war. But a pessimistic outlook for cobalt is keeping investors away.
- Peter Ker