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

CRU, a metals consultant, sees demand increasing about 40% by 2050 even if cleaner technologies aren’t rolled out aggressively.

Bloomberg News | April 26, 2024 | 5:52 am

The metal has reclaimed the $10,000 threshold for the first time in two years.

Bloomberg News | April 26, 2024 | 5:37 am

Anglo American rejects “opportunistic” $39bn takeover bid from BHP

Under takeover rules, BHP is required to either make a solid offer for Anglo American by May 22 or walk away.

Cecilia Jamasmie | April 26, 2024 | 3:24 am

Antofagasta, which operates copper mines in Chile, last tapped global debt markets in 2022 when it sold $500 million in 10-year bonds.

Bloomberg News | April 25, 2024 | 4:14 pm

The company’s reputation is in tatters after a series of missteps sent its value plunging by half. And now industry heavyweight BHP is moving in.

Bloomberg News | April 25, 2024 | 12:25 pm

The deal worth about $39 billion would involve Anglo exiting its platinum and iron ore assets in the country.

Reuters | April 25, 2024 | 11:28 am

The planned production capacity of the new copper smelter is 300,000 r/y of copper cathodes and 1.8 million t/y of sulphuric acid.

Staff Writer | April 25, 2024 | 11:14 am

The Chilean peso is up 3.4% in April, the only currency to have risen against the dollar in the month.

Bloomberg News | April 25, 2024 | 10:53 am

BHP to reopen Cerro Colorado mine in Chile by decade’s end