Anglo American to sell De Beers, Amplats to fend off BHP’s bid

Anglo plans to focus on copper while spinning out or selling its less profitable diamond, platinum, coal and nickel businesses.

Cecilia Jamasmie | May 14, 2024 | 4:04 am

Anglo American stated that the new offer was "highly unattractive" for its shareholders.

Staff Writer | May 13, 2024 | 8:21 am

Demand for the metal in autocatalyst is expected to rise about 2% for the whole year.

Bloomberg News | May 13, 2024 | 7:05 am

Average prices are expected to fall this year compared with 2023 despite another year of structural deficit.

Reuters | May 13, 2024 | 6:53 am

Anglo shareholders have been urging the company to explain how it would create more value than by just selling to the rival.

Bloomberg News | May 11, 2024 | 11:44 am

Sibanye CEO Neal Froneman said in the update that declining earnings could impact the company's debt covenants.

Reuters | May 10, 2024 | 9:23 am

Rio Tinto has not ruled out bid for Anglo American — report

While Rio has a smaller market capitalization than rival BHP, it's large enough to make an all-share offer for some or all of Anglo American.

Cecilia Jamasmie | May 10, 2024 | 6:45 am

The investors, who collectively hold more than 15% of Anglo American, told FT that BHP would need to sweeten its offer.

Reuters | May 9, 2024 | 2:32 pm

The autocatalyst maker said it expected the platinum market's deficit to increase to 598,000 ounces this year.

Reuters | May 8, 2024 | 4:12 pm