Investors relieved BHP walked from $49 billion Anglo takeover deal

BHP’s timing was good but the complexity of the deal requiring demergers and a copper price rally made it difficult to execute, investment officer said.

Reuters | May 30, 2024 | 11:59 am

Anglo starts formal divestment of coal, nickel after rebuffing BHP, CEO says

It is said that Anglo's five operating coal mines, development…

Reuters | May 30, 2024 | 10:35 am

Hecla’s Yukon unit given ‘substantial’ fine for environmental risks

The unit, Alexco Keno Hill Mining, pled guilty to failing…

Staff Writer | May 30, 2024 | 8:43 am

Codelco reaches collective agreement with unions

The miner reached a collective contract agreement with two workers'…

Reuters | May 30, 2024 | 7:20 am

How a rattled South Africa became Anglo’s best defence against BHP bid

More than 20% of Anglo shares are held by South…

Reuters | May 30, 2024 | 7:04 am

BHP considering improved proposal for Anglo American after bid rejected

BHP Group is considering making an improved offer for Anglo American after its $39 billion initial proposal was rejected.

Reuters | April 27, 2024 | 1:43 pm

Mexico notches win in labor dispute over alleged violations at mine

The US had requested a probe last year into alleged workers rights abuses at a Grupo Mexico mine in the central state of Zacatecas.

Reuters | April 26, 2024 | 5:00 pm

Southern Copper’s output seen above 1 million tonnes in 2027

The company also edged up its forecasts for this year, predicting output of 949,000 tons.

Reuters | April 26, 2024 | 3:09 pm

BHP’s bid for Anglo casts cloud over $9 billion fertilizer mine

BHP is already building its own giant fertilizer project in Canada, called Jansen, to which it’s already committed more than $10 billion.

Bloomberg News | April 26, 2024 | 12:39 pm

SQM invests $2 million in Chilean startup Movener

Movener, which aims to transform traditional trucks into hybrid-electric vehicles, is the first Chilean company in SQM’s venture portfolio.

Staff Writer | April 26, 2024 | 9:01 am

Codelco output keeps falling, underscoring copper struggles

The state-owned miner said output totaled 295,000 metric tons, down 10% from the same period last year.

Bloomberg News | April 26, 2024 | 8:34 am

Glencore bought aluminum from Rusal worth $1.06bn in 2023

The current contract between the parties expires in 2024.

Reuters | April 26, 2024 | 8:09 am

Panama completes process of mining concession cancellations

The law was passed in November 2023 in response to the protests against First Quantum Minerals' new contract.

Staff Writer | April 26, 2024 | 7:45 am

China could hinder BHP’s bid to become top copper producer

The deal comes just as Chinese copper processors are struggling to turn a profit on supplies from miners like BHP.

Bloomberg News | April 26, 2024 | 6:41 am

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