Today
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.
- 1 hr ago
- Tess Bennett
Yesterday
MinRes in row over lithium processing hub
Poseidon Nickel, worth $22 million, has mounted a David versus Goliath legal battle with $14.1 billion MinRes over assets in the Western Australian Goldfields.
- Brad Thompson
- 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
‘The future is the future’: Anglo American won’t rule out a merger
Chairman Stuart Chambers told the miner’s AGM that his job in coming weeks was to see if major shareholders backed the board’s rejection of BHP’s $60 billion bid.
- Hans van Leeuwen
April
IGO says criticism unfair after talk of ‘incredibly opportunistic’ deal
West Australian lithium and nickel miner stands by its ties with Chinese partner Tianqi after the latter ordered a huge shipment this week at a “favourable” price.
- Brad Thompson
BHP, Vale offer $38b to settle Samarco dam disaster claims
The two mining giants have made a fresh proposal to try and finalise their protracted compensation talks with the Brazilian authorities over the 2015 disaster.
- Hans van Leeuwen
Japan Inc backing for nickel mine puts BHP bailout in doubt
Sumitomo and Mitsubishi have agreed to back Ardea Resources and its $3.1 billion nickel laterite and cobalt project, about 80 kilometres from Kalgoorlie and BHP’s ageing nickel smelter.
- Brad Thompson
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
BHP’s bid for Anglo casts cloud over $9b mine
BHP’s takeover proposal of rival Anglo American is throwing uncertainty over the future for Anglo’s massive fertiliser mine in England.
- Jack Ryan
Activist Elliott builds $1b Anglo American stake
The hedge fund led by Paul Singer has built a billion dollar stake in BHP target Anglo American, placing it among its 10 biggest shareholders.
- Crystal Tse, Dinesh Nair and Swetha Gopinath
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
- Opinion
- Chanticleer
How to adjust your ASX portfolio for a higher-for-longer world
Hot inflation and the prospect that rate cuts will be further delayed should encourage investors to rotate from banks towards miners, Morgan Stanley says.
- James Thomson
- Updated
- BHP Group
BHP lobs $60b copper play for Anglo American
BHP is making a $60 billion bet on copper demand growing exponentially in the global shift away from fossil fuels, with a bold takeover bid for British resources heavyweight Anglo American.
- Updated
- Brad Thompson
How ex-Bomber went from AFL to a big hit in lithium
Wildcat Resources executive director Matthew Banks played three games for Essendon, including two Anzac Day blockbusters. His career in mining has been more successful.
- Brad Thompson
BHP has UBS, Barclays in corner as it eyes mega Anglo American deal
Sources close to discussions said negotiations were at an early stage and other miners were interested in the London-based producer of platinum and copper.
- Sarah Thompson, Kanika Sood and Emma Rapaport
MinRes says $1b debt-reducing haul road sale is still on track
The iron ore and lithium miner expects to sell a stake in a haul road by June 30 as it weighs up a big investment in onshore gas processing.
- Brad Thompson
Lynas boss leaves door ajar for rare earths mega-merger
Lynas boss Amanda Lacaze says there may be a time when big rare earths makes sense and confirms she is a great admirer of Gina Rinehart and her commitment to mining.
- Brad Thompson
Fortescue playing catch up on iron ore shipments
The Andrew Forrest-led miner is adamant it can hit the lower end of guidance for shipments in 2023-24, despite its problems over the past three months.
- Brad Thompson
Sims says ‘high cost’ Australia-made fixation threatens green steel
The federal government’s “Made in Australia” policy threatens to destroy the country’s chance at making “green” steel, economist Rod Sims says.
- Elouise Fowler
Santana Minerals launches equity raising; hires Bells, Euroz Hartleys
The raising offer price was pegged at $1.15 per share, which represented a 9.4 per cent discount to the last close.
- Sarah Thompson, Kanika Sood and Emma Rapaport
