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.

May 16, 2024

EU launches trade investigation into Chinese tinplate steel

The EU launched the investigation to assess whether imports into the bloc are sold at excessively low prices.

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 15, 2024

Iron ore price slides as prospects of softening demand, Biden’s new China tariff weigh

US President Joe Biden on Tuesday unveiled steep tariff increases on an array of Chinese imports.

May 14, 2024

Brazil states ask court to double what Vale, BHP should pay for dam burst

Minas Gerais and Espirito Santo states have asked a court to order Vale and BHP to pay a total 100 billion reais.

May 14, 2024

Anglo American to sell De Beers, Amplats to fend off BHP’s bid

Anglo plans to focus on copper while spinning out or selling its less profitable diamond, platinum, coal and nickel businesses.