May 23, 2024

Anglo shareholders say BHP should amend structure or sweeten bid

Of the investors that Bloomberg spoke to this week, some suggested that BHP should provide a commitment to cover any lost value suffered by the subsidiaries’ new owners.

May 23, 2024

Pakistan coal miners face expansion issue as China stops funding

In 2021, China President Xi Jinping pledged to halt all coal construction and financing abroad.

May 23, 2024

High concentrations of rare earths found in Utah, Colorado coal mines

Rare earth elements are concentrated in fine-grain shale units in Utah and Colorado active coal mines.

May 22, 2024

Anglo American rejects BHP’s third bid, extends deadline

Anglo has left the door open for BHP as it agreed to grant it a one-week extension to table a binding offer.

May 22, 2024

Anglo’s second largest investor demands BHP bid revision

Petition by South Africa's Public Investment Corporation (PIC), which owns a roughly 7% stake in Anglo, comes just hours before bid deadline.

May 21, 2024

BHP shares hit 3-month high as deadline for formal Anglo bid looms

BHP has until 16:00 GMT on Wednesday to make a binding bid for Anglo American.

May 20, 2024

Anglo shareholder LGIM supports break-up plan as BHP circles

LGIM is among Anglo's biggest investors with a stake of about 2%.

May 18, 2024

BHP debates improved Anglo bid as time runs out in takeover saga

BHP faces a critical question: what would it take to draw the smaller company to the negotiating table within the next few days? 

May 17, 2024

BHP needs to bid about $41 a share for Anglo, JPMorgan says

Anglo American has turned down BHP’s bids twice since April 25, stating the offers continue to considerably undervalue the company.

May 16, 2024

Global coal phase-out to cost between $200 billion, $2 trillion – study

Over $200 billion will be given as compensation to workers and local communities affected by coal phase-out programs globally.