May 9, 2024

Anglo American’s South Africa investors open to improved BHP bid

The investors, who collectively hold more than 15% of Anglo American, told FT that BHP would need to sweeten its offer.

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 9, 2024

Nippon Steel sticks to plan to close US Steel deal by year-end

The takeover should bring Nippon Steel's global crude steel capacity to 86 million tons per year, close to its goal of 100 million.

May 8, 2024

Brazil court rejects requests to block $15.7 billion from Vale, BHP

A substitute federal judge of a court in Minas Gerais state said the issue had already been resolved in the previous ruling.

May 8, 2024

China’s 2024 iron ore imports similar to last year – Vale

Imports by China, the world's biggest buyer, in 2024 are expected to be around 1.17 to 1.18 billion metric tons.

May 7, 2024

Brazil demands immediate $15.7 billion payment from Vale, BHP for Mariana disaster

The government stated that if this amount is not paid within 15 days, it will petition to block the assets of Vale, BHP, and Samarco.

May 7, 2024

South African unions urge Anglo holders to reject BHP bid

BHP’s proposal includes a plan for Anglo to spin off its Johannesburg-listed platinum and iron ore units before an eventual takeover.

May 7, 2024

BHP insists Anglo American’s South African assets must go in any takeover

BHP sees advantages for South Africa in a distribution of Anglo American stakes in Amplats (78.6%) and kumba Iron Ore (69.7%).

May 6, 2024

BHP bombshell puts South African mining in a hole

South African officials have so far given BHP’s proposal a mixed reception.

May 3, 2024

Brazil wants next Vale CEO to be closer to government

The government wants the next CEO to have ties with states, municipalities and regulators.