Yesterday
Anglo American wants a single buyer for its Australian coal division
The London-listed diversified miner this week unveiled a major divestment plan designed partly to keep a $64.4 billion buyout proposal from BHP from succeeding.
- Peter Ker
This Month
Rio chief ‘not afraid’ of M&A as Anglo break-up looms
Jakob Stausholm won’t rule out entering the acquisition fray, but told investors he doesn’t want big transactions to derail his recovery mission at the miner.
- Peter Ker
Wages growth slows; Miners hail budget tax credits; BHP’s new pitch
Read everything that’s happened in the news so far today.
- Updated
- Mergers & acquisitions
BHP says Anglo American demerger plan vindicates takeover structure
The London-listed miner will sell or shut assets except those producing copper, iron ore and crop nutrients as it hopes to see off its Australian suitor.
- Updated
- Peter Ker
Anglo American to sell Queensland coal in big shrink, spurning BHP
Anglo American will sell or shut everything except its copper, iron ore and potash mines as part of a strategy to dodge BHP’s advances.
- Updated
- Peter Ker and Elouise Fowler
Anglo American puts plan B into action after rejecting BHP’s bid
Anglo American boss Duncan Wanblad is understood to be warming up to present a strategy update to the mining group’s shareholders.
- Sarah Thompson, Kanika Sood and Emma Rapaport
BHP’s $64b game; Chalmers slams ‘trick’ claim; Meme stock stupidity
Read everything that’s happened in the news so far today.
Anglo American rejects second, higher BHP takeover offer
BHP chief executive Mike Henry said he was disappointed that directors of the London-listed miner had not been willing to enter into further discussions.
- Peter Ker
BHP’s Mike Henry traverses the globe by private jet
The mining giant has rented a private jet for its global M&A push on Anglo American.
- Mark Di Stefano
Anglo’s South African investors open to improved BHP bid
The shareholder stance defies South African government hostility to the plan that would break up the national champion.
- Harry Dempsey and Rob Rose
Rio investors’ fear; Tesla slashes Oz jobs; Perpetual’s bigger story
Read everything that’s happened in the news so far today.
Mining titan Evy Hambro says it’s better to buy, rather than build
One of the world’s most influential mining investors, BlackRock’s Evy Hambro, has signalled he is open to M&A as BHP hunts Anglo American.
- Peter Ker
BHP’s Anglo bid will turn into a ‘complete mess’: Angus Aitken
The prominent stockbroker has told his clients the strategy to buy the whole company to just get its copper and coal mines “seems crazy to us”.
- Peter Ker
- Opinion
- Critical minerals
Albanese’s troubled critical minerals dream
The Albanese government has high hopes for much more downstream processing of critical minerals. But the numbers aren’t adding up. What can change that?
- Jennifer Hewett
- 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
BHP gets green light for improved Anglo bid
Two prominent Australian investors say they support BHP making an improved bid for Anglo American so long as discipline is not completely abandoned.
- Peter Ker
- Analysis
- Due diligence
Time for Rio Tinto dual-listing rethink with Anglo American in play
Trading the spread between the value of Rio Tinto’s dual-listed London and Australian shares is usually the province of specialist arbitrage funds. But BHP’s tilt at Anglo American has it back in focus.
- Jemima Whyte
- Opinion
- Mining
BHP is betting self-interest trumps politics on Anglo American
Convincing South Africa’s government its $60 billion takeover bid for the mining multinational is politically palatable is part of BHP’s challenge in a particularly complex deal.
- Jennifer Hewett
Rio Tinto chairman quiet on Anglo bid, eyes copper profits
Dominic Barton would not comment on whether the company was considering making a rival bid for Anglo American.
- Tess Bennett
- Analysis
- Mergers & acquisitions
How BHP’s ‘Meticulous Mike’ prepared for Anglo American rebuff
Dubbed “Meticulous Mike” by the Australian media, the Canadian executive must have carefully planned his move for Anglo, down to the inevitable initial rejection.
- Tom Wilson and Nic Fildes
