Anglo American’s South Africa investors open to improved BHP bid 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
Platinum set for biggest deficit in a decade in 2024, says Johnson Matthey 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
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
