South African unions urge Anglo holders to reject BHP bid

BHP’s proposal includes a plan for Anglo to spin off its Johannesburg-listed platinum and iron ore units before an eventual takeover.

Bloomberg News | May 7, 2024 | 7:48 am

BHP insists Anglo American’s South African assets must go in any takeover

BHP sees advantages for South Africa in a distribution of Anglo American stakes in Amplats (78.6%) and kumba Iron Ore (69.7%).

Reuters | May 7, 2024 | 4:46 am

Grid Metals increases resource by a third at copper-nickel project in Manitoba

The combined indicated open pit resources increased by 12.4 million tonnes or 37% to 46.2 million tonnes.

Staff Writer | May 6, 2024 | 10:37 am

BHP bombshell puts South African mining in a hole

South African officials have so far given BHP’s proposal a mixed reception.

Reuters | May 6, 2024 | 9:51 am

Goldman Sachs settles 2014 class action lawsuit tied to metal trades

The bank allegedly violated antitrust laws by conspiring to manipulate a benchmark for physical platinum and palladium prices.

Reuters | May 3, 2024 | 8:02 am

Anglo CEO meets South Africa mines minister after BHP’s takeover proposal

CEO Duncan Wanblad is meeting minister Gwede Mantashe for the first time since rejecting BHP's $39bn takeover bid last week.

Reuters | May 3, 2024 | 6:46 am

BHP’s high-stakes tilt for Anglo puts regulators in spotlight

The proposed $39 billion combination has more than enough components to trigger intense oversight by regulators concerned about implications for market concentration and access to key minerals.

Bloomberg News | May 3, 2024 | 4:56 am

BHP CEO flies to South Africa to push $39 billion takeover

BHP’s team aims to engage with President Cyril Ramaphosa’s administration among other key stakeholders, Bloomberg sources say.

Bloomberg News | May 2, 2024 | 5:02 am

Glencore takes 15.4% Stillwater Critical Minerals stake

Miner now owns stake of the Montana platinum group metals developer and its eponymous project next to Sibanye-Stillwater’s.

Henry Lazenby | May 1, 2024 | 2:05 pm

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