Anglo under pressure to reveal plans to fend off BHP as Elliott hikes stake UBS, the adviser for BHP, has begun scheduling meetings with fund managers this week to fine-tune a revised proposal for Anglo. Reuters | April 30, 2024 | 8:20 am
As BHP weighs firm bid for Anglo, investors fret over cherry-picking assets BHP Group can't cherry-pick Anglo American assets without paying a hefty premium, Anglo investors told Reuters. Reuters | April 30, 2024 | 8:03 am
Nyrstar to resume zinc production at Dutch smelter in May The Budel smelter, with a capacity to produce 315,000 metric tons per year, was suspended in the second half of January. Reuters | April 30, 2024 | 7:56 am
Harmony raises gold output forecast The company said it expects its full-year gold production to be 1.55 million oz, up from the initial forecast between 1.38-1.48 million oz. Reuters | April 30, 2024 | 7:14 am
Copper smelters in China wary of BHP-Anglo tie-up "This is not good news for China given the heavy reliance on external supply, and Chinese companies hold limited resources," one analyst said. Reuters | April 30, 2024 | 6:22 am
Iron ore price posts best monthly gain since June 2023 Outlook for the ferrous sector is neutral to slightly bullish due to China's latest move to boost infrastructure spending. Reuters | April 30, 2024 | 5:09 am
Glencore now sees FY trading division profit between $3bn-$3.5bn However, the company left its full-year production forecast unchanged. Reuters | April 30, 2024 | 4:48 am
Gold price rally could cut India’s demand to four-year low – WGC Demand for gold from India could stand between 700 metric tons and 800 metric tons in 2024. Reuters | April 30, 2024 | 3:34 am
Bank of Korea rules out immediate gold buying, may consider it long-term In June 2023, the BOK said it was more desirable to maintain dollar liquidity than boost its gold holdings. Reuters | April 30, 2024 | 3:31 am
Australia’s Tietto asks investors to accept Zhaojin’s offer or sell shares Zhaojin declared its bid to be unconditional on April 24, making it impossible for Tietto shareholders who had already accepted the offer to now withdraw. Reuters | April 29, 2024 | 8:37 pm
Australian regulator sues Magnis Energy over US battery plant disclosure failures Lawsuit filed against lithium-ion battery firm and its chairman for failing to disclose details about its US manufacturing facility. Reuters | April 29, 2024 | 4:58 pm
Codelco plans lithium exploration in Pedernales salt flat in late 2024 Lithium in Chile is currently mined only in the Atacama salt flat. Reuters | April 29, 2024 | 8:57 am