Anglo American’s South Africa investors open to improved BHP bid
Anglo American’s key South African shareholders are open to a takeover offer from BHP, with some advocating for an additional cash component to the bid, the Financial Times reported on Thursday.
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BHP-Anglo American deal raises alarm in Japan’s steel industry
Japanese steelmakers have raised concerns with Australian authorities that BHP Group could become too dominant in the global supply of coking coal if it goes ahead with a takeover of Anglo American.
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Anglo American’s South Africa investors open to improved BHP bid
Anglo American’s key South African shareholders are open to a takeover offer from BHP, with some advocating for an additional cash component to the bid, the Financial Times reported on Thursday.
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BHP-Anglo American deal raises alarm in Japan’s steel industry
Japanese steelmakers have raised concerns with Australian authorities that BHP Group could become too dominant in the global supply of coking coal if it goes ahead with a takeover of Anglo American.
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Botswana vows to protect interests in potential BHP-Anglo deal
Botswana President Mokgweetsi Masisi vowed to protect the country’s interests, including its 15% stake in diamond giant De Beers, should BHP Group Ltd. acquire Anglo American Plc.
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BHP insists Anglo American’s South African assets must go in any takeover
BHP’s plan to divest the South African assets of its target Anglo American are key to the strategy behind the proposed takeover and is expected to be a part of any revised offer, investors briefed on the miner’s thinking said.
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Anglo CEO meets South Africa mines minister after BHP’s takeover proposal
Anglo American CEO Duncan Wanblad is meeting on Friday South African mines minister Gwede Mantashe for the first time since the miner rejected BHP Group’s $39 billion takeover bid, a source familiar with the matter told Reuters.
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What’s Anglo worth? For now it’s less than the sum of its parts
As BHP Group considers its next move, there’s one big question facing the mining world’s bankers, analysts and executives at rival producers: What’s Anglo American Plc actually worth?
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Anglo American takeover price needs to surpass £30/share
A takeover of Anglo American Plc would need to be pitched at more than £30 ($37.6) per share, a higher price than BHP Group Ltd. offered last week, according to analysts and traders surveyed by Bloomberg.
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Barrick CEO says not interested in bidding for Anglo American
Barrick Gold is not interested in bidding for Anglo American, which last week received a $39 billion takeover offer from BHP, and is building its own copper portfolio, the Canadian miner’s CEO Mark Bristow said on Wednesday.
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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, concerned that they stand to lose heavily by holding shares in South African subsidiaries.
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Anglo under pressure to reveal plans to fend off BHP as Elliott hikes stake
Anglo American faced calls from shareholders on Monday to detail plans for improving its value in order to fend off bidder BHP, as activist investor Elliott further raised the stakes by increasing its holding in the takeover target.
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Anglo spinoffs will ‘very likely’ need South Africa approval
BHP Group Ltd.’s proposal for Anglo American Plc to spin off platinum and iron ore units before a takeover would likely require approval from South African regulators, according to a government agency.
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BHP’s bid for Anglo casts cloud over $9 billion fertilizer mine
BHP Group Ltd.’s proposal for a $39 billion takeover of rival Anglo American Plc is all about securing plenty of copper supplies — so now, the potential deal is throwing uncertainty over the future for Anglo’s massive fertilizer mine in England.
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Anglo’s stumbles have made it prey for mining’s biggest predator
When former boss Mark Cutifani left Anglo American Plc in mid-April 2022, things had rarely looked better for the century-old miner. Metals prices soared as the world emerged from lockdowns, the company had recently posted its best-ever annual profit and the popular industry veteran was handing over to a trusted lieutenant. Anglo stock hit a record the same day.
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Vale sees no impact from BHP-Anglo deal on Minas-Rio project
Brazilian miner Vale SA sees no impact from BHP Group’s bid for Anglo American on the latter’s Minas-Rio project, its CEO Eduardo Bartolomeu said on Thursday.
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Anglo American confirms non-binding offer from BHP
Anglo American Plc said it is has received an unsolicited non-binding combination proposal from BHP Group.
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Anglo American confirms non-binding offer from BHP
Anglo American Plc said it is has received an unsolicited non-binding combination proposal from BHP Group.
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BHP targets Anglo American in bid valued at $39 billion
BHP Group Ltd. proposed a takeover of Anglo American Plc that values the smaller miner at £31.1 billion ($38.8 billion), in a deal that would catapult the combined company’s copper production far beyond its rivals while sparking the biggest shakeup in the industry in over a decade.
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Anglo spinoff breeds fish to restock rivers after massive toxic spill
In a South African first, a project funded by one of the country’s biggest coal mining companies has begun repopulating a river system with fish after a catastrophic spill from a disused coal mine.
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Anglo American to review assets after writedowns and profit plunge
Anglo American will review its assets after a 94% plunge in annual profit and writedowns at its diamond and nickel operations, the company said on Thursday.
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Anglo CEO says he can run sprawling miner better than any activist
Anglo American Plc’s boss said he’s the best person to reshape the century-old miner — if needed — as slumping commodity prices pressure its sprawling operations and spark murmurs about activist intervention.
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Anglo American explores for copper, cobalt in Zambia
Anglo American is in the early stages of exploring for copper and cobalt in Zambia’s North-Western province, its chief executive officer Duncan Wanblad said on Monday.
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Anglo American submits $1.1-billion tailings, water management plan for Los Bronces
Mining News Pro - Anglo American (LON: AAL) submitted an environmental impact declaration before Chile’s Environmental Assessment Service (SEA), which is aimed at accelerating the tailings removal process from the Pérez Caldera Dam at its Los Bronces mine; adapting the operation’s water supply so that it functions with desalinated water; and repowering the recovered water system.
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South African court denies class action against Anglo American
Mining News Pro - South Africa’s High Court has ruled that a class action lawsuit against miner Anglo American brought by victims of alleged historic lead poisoning in Zambia should not go ahead, lawyers for the claimants said on Saturday.
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