How BHP’s CEO prepared for the Anglo American offer
Looking back, Mike Henry was 'almost walking the board, the company, and the investors up the ladder, back to big acquisitions,' an investor told the Financial Times.
Pilbara will deliver 20,000 tonnes of the mineral to Sichuan Yahua from its Pilgangoora operation this year and 100,000 tonnes annually in 2025 and 2026.
The project will be Australia's third rare earths processing plant after Lynas' Kalgoorlie operations and Iluka Resource's Eneabba heavy rare earths plant.
The hedge fund also recommended increasing dividends by discontinuing share buybacks and divesting a minority stake in Glencore's lucrative trading division.