BHP walks away from proposed $49bn takeover of Anglo American

Less than an hour before the 5 p.m. UK cut off, BHP confirmed it had failed to secure Anglo’s board backing and would not proceed with the takeover.

Cecilia Jamasmie | May 29, 2024 | 4:05 am

BHP and Anglo remain split on South Africa as time runs out

BHP has until 5 p.m. London on Wednesday to commit to an offer.

Bloomberg News | May 28, 2024 | 10:32 am

Sibanye shareholders back conversion of $500 million of bonds to shares

Sibanye issued the convertible bonds in November last year, partly to fund the $156 million acquisition of a US-based recycling business.

Reuters | May 28, 2024 | 9:08 am

JPMorgan says BHP plan risks $4.3 billion South Africa outflow

Such an outflow, if a deal goes ahead, could weaken the rand.

Bloomberg News | May 27, 2024 | 7:05 am

BlackRock encouraged Anglo to extend talks with BHP

Anglo American was encouraged by key shareholders to continue engaging in talks with BHP over its proposed $49.18 billion mining merger.

Reuters | May 25, 2024 | 12:37 pm

Nornickel plans to build PGMs refinery in Bahrain

Nornickel is the world's largest producer of palladium and a major producer of platinum.

Reuters | May 23, 2024 | 3:12 pm

Anglo shareholders say BHP should amend structure or sweeten bid

Of the investors that Bloomberg spoke to this week, some suggested that BHP should provide a commitment to cover any lost value suffered by the subsidiaries’ new owners.

Bloomberg News | May 23, 2024 | 12:16 pm

Nornickel board proposes no dividend for 2023 results

Nornickel failed to pay dividends on its 2022 results but resumed payouts for the first nine months of 2023.

Reuters | May 23, 2024 | 7:05 am

Anglo American rejects BHP’s third bid, extends deadline

Anglo has left the door open for BHP as it agreed to grant it a one-week extension to table a binding offer.

Cecilia Jamasmie | May 22, 2024 | 7:03 am

First

Last

USGS publishes 2022 critical minerals list

Amplats sees ‘softening’ PGM prices after record payout

Rhodium price on the march again as demand from auto sector rises

Ivanhoe Mines secures $300m in stream financing for Platreef

RANKED: World’s 10 biggest underground mines by tonnes of ore milled

Create FREE account or log in

to receive MINING.COM digests