May 25, 2024

BlackRock encouraged Anglo to extend talks with BHP

Anglo American was encouraged by key shareholders to continue engaging in talks with BHP over its proposed $49.18 billion mining merger.

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

Rio Tinto faces pressure to leave London exchange

Activist investor Palliser Capital argues that switching its primary listing to Australia would boost Rio Tinto's shares by about 40%.

May 22, 2024

Iron ore price hits three-month high on China demand

China last Friday announced "historic" steps to stabilize its crisis-hit property sector.

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 20, 2024

Iron ore price climbs to 3-month high on prospects of improved property demand

China announced "historic" steps on Friday to stabilize its property sector.

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

Iron ore price jumps to over one-week high on China’s property stimulus efforts

China is allowing local governments to buy apartments and relax mortgage rules.

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.