Top Glencore shareholders favor keeping coal over spinoff
The world’s largest shipper of thermal coal had said it intended to spin the business off within two years of closing a deal to buy Teck Resources' steelmaking coal assets.
The world’s largest shipper of thermal coal had said it intended to spin the business off within two years of closing a deal to buy Teck Resources' steelmaking coal assets.
BHP's $39 billion bid will be the elephant in the room at Anglo American's Tuesday annual general meeting.
The stake divestment by Vale Indonesia's foreign partners was a condition required for the new permit.
The biggest producers all want to increase copper output to take advantage of rising demand for electric vehicles, grid infrastructure and data centers.
Juniors are extremely important to major mining companies because they are the firms finding the deposits that will become the next mines.
The current contract between the parties expires in 2024.
It's especially interested in nickel, cobalt, zinc and other metals, provided the government guarantees a stable business environment.
Under takeover rules, BHP is required to either make a solid offer for Anglo American by May 22 or walk away.
EVs could reach 17 million in 2024, accounting for more than one in five cars sold worldwide, according to the International Energy Agency.
Mining at the SLN unit has now been suspended since mid-April.