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.

May 16, 2024

Anglo American freezes hiring amid global shake-up

Anglo's decision affects recruitment of non-site-based permanent employees and contractors, while it works on a company-wide restructuring.

May 15, 2024

BHP shareholders see room for one more sweetened Anglo bid

Shareholders in both companies interviewed by Bloomberg said there was still likely to be some room for a sweetened offer before a May 22 cut-off.

May 14, 2024

European deep mine operators looking into underground energy storage

Underground energy storage gives end-of-life mine shafts, which otherwise face costly infilling and decommissioning costs, a second life.

May 10, 2024

Rio Tinto has not ruled out bid for Anglo American — report

While Rio has a smaller market capitalization than rival BHP, it's large enough to make an all-share offer for some or all of Anglo American.

May 9, 2024

BHP-Anglo American deal raises alarm in Japan’s steel industry

Steelmakers have raised concerns with Australian authorities that BHP could become too dominant in the global supply of coking coal.

May 3, 2024

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.

May 2, 2024

Coal India reports 26% rise in profit as staff costs fall

Coal India’s stock has nearly doubled over the past year.