A takeover of Anglo American Plc would need to be pitched at more than £30 ($37.6) per share, a higher price than BHP Group Ltd. offered last week, according to analysts and traders surveyed by Bloomberg.
Wednesday, May 1, 2024 - 21:40:03
The Senate voted Tuesday evening to approve legislation banning the import of enriched uranium from Russia, sending the measure to the president. President Joe Biden plans to sign it into law soon, according to the White House.
Wednesday, May 1, 2024 - 21:33:13
BHP Group can’t cherry pick Anglo American assets without paying a hefty premium, Anglo investors told Reuters, concerned that they stand to lose heavily by holding shares in South African subsidiaries.
Tuesday, April 30, 2024 - 23:55:06
BHP Group Ltd.’s proposal for Anglo American Plc to spin off platinum and iron ore units before a takeover would likely require approval from South African regulators, according to a government agency.
Tuesday, April 30, 2024 - 23:50:50
The Biden administration is considering banning imports of enriched Russian uranium using executive authority as congressional efforts to block the Kremlin’s shipments of the reactor fuel stall, people familiar with the matter said.
Monday, April 29, 2024 - 23:47:05
Barrick Gold Corp.’s chief executive officer says the gold miner will continue to host virtual-only annual general meetings despite calls for public companies to return to an in-person format.
Wednesday, May 1, 2024 - 21:43:16
Barrick Gold is not interested in bidding for Anglo American, which last week received a $39 billion takeover offer from BHP, and is building its own copper portfolio, the Canadian miner’s CEO Mark Bristow said on Wednesday.
Wednesday, May 1, 2024 - 21:38:45
The US and the Philippines are in discussions over ways to prevent China from dominating nickel processing in the Southeast Asian nation, a key supplier of the metal that’s crucial for electric vehicle batteries.
Wednesday, May 1, 2024 - 21:31:20
Jiang Weiping, the founder of major Chinese lithium producer Tianqi Lithium Corp., resigned as chairman after the battery-material producer reported its biggest-ever quarterly loss of more than half a billion dollars.
Tuesday, April 30, 2024 - 23:59:18
Anglo American faced calls from shareholders on Monday to detail plans for improving its value in order to fend off bidder BHP, as activist investor Elliott further raised the stakes by increasing its holding in the takeover target.
Tuesday, April 30, 2024 - 23:53:43
China’s copper producers are planning to export up to 100,000 metric tons of metal, the largest volume in 12 years, aiming to cool a rally that has propelled prices towards record highs and hit their order books, three industry sources said.
Wednesday, May 1, 2024 - 21:41:58
Canadian miner Barrick Gold on Wednesday beat first-quarter profit estimates on higher bullion prices and said it has entered into an exploration partnership with Geophysx Jamaica.
Wednesday, May 1, 2024 - 21:29:03
Barrick Gold faced criticism outside its annual general meeting on Tuesday in Toronto for supporting Malian rulers with ties to Russia.
Tuesday, April 30, 2024 - 23:56:50
Gold wavered as traders looked ahead to a week with a Federal Reserve rate decision meeting and key US jobs data.
Monday, April 29, 2024 - 23:44:28
Iron ore will average more than $100 a ton this year as the worldwide market remains tight, despite China’s property crisis hurting the outlook for steel demand there, according to HSBC Holdings Plc.
Monday, April 29, 2024 - 23:43:23
Copper miner Antofagasta Plc is holding meetings with investors this week for its first dollar bond offering in nearly two years, people familiar with the matter said.
Friday, April 26, 2024 - 17:16:02
Zimbabwe’s President Emmerson Mnangagwa has re-appointed Winston Chitando as the southern African nation’s mines minister, a post he held before last year’s elections.
Wednesday, April 24, 2024 - 19:15:11
BHP Group Ltd. proposed a takeover of Anglo American Plc that values the smaller miner at £31.1 billion ($38.8 billion), in a deal that would catapult the combined company’s copper production far beyond its rivals while sparking the biggest shakeup in the industry in over a decade.
Wednesday, April 24, 2024 - 16:49:16
Canadian miner First Quantum Minerals said on Tuesday that it has cut its debt by $1.14 billion in the first quarter.
Tuesday, April 23, 2024 - 18:59:12
Canada has granted Airbus a waiver to allow it to use Russian titanium in its manufacturing after becoming the first Western government to ban supplies of the strategic metal in the latest package of measures triggered by the war in Ukraine.
Tuesday, April 23, 2024 - 18:45:55
Mining News Pro - Rio Tinto is still looking to secure a domestic power source it needs for the mine under an agreement with the government.
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