Anglo American has unanimously rejected BHP’s proposed $60 billion takeover. So will the Big Australian return with a bigger offer? The resounding rejection came a day after BHP launched its bid, which would have required Anglo to spin-off its entire...
Anglo American saw an 11 per cent increase in copper production during the March 2024 quarter, alongside many production highlights. The major miner also recorded a seven per cent increase in steelmaking coal production. “We were pleased with the performance in the...
Copper miner Antofagasta is holding meetings with investors this week for its first dollar bond offering in nearly two years, people familiar with the matter said. CFO Mauricio Ortiz and other executives started meeting money managers Thursday,...
BHP Group shares fell 4% on Friday a day after revealing a $38.8-billion bid for Anglo American as investors feared a deal could erode BHP’s profitability especially if it has to sweeten its offer. BHP said it would offer £25.08 per Anglo share, a premium of 31%...
Metso president and chief executive officer Pekka Vauramo said the year has started “in line” with the company’s expectations. Metso’s minerals services and aggregates equipment orders saw an improvement in the March quarter. While the company saw an eight per cent...
Green metals explorer Lord Resources has confirmed that Mineral Resources (MinRes) has completed its due diligence for the binding farm-in agreement both parties signed in late March. The farm-in agreement focuses on the Horse Rocks lithium project, located...
