May 28, 2024

BHP and Anglo remain split on South Africa as time runs out

BHP has until 5 p.m. London on Wednesday to commit to an offer.

May 28, 2024

Sibanye shareholders back conversion of $500 million of bonds to shares

Sibanye issued the convertible bonds in November last year, partly to fund the $156 million acquisition of a US-based recycling business.

May 27, 2024

JPMorgan says BHP plan risks $4.3 billion South Africa outflow

Such an outflow, if a deal goes ahead, could weaken the rand.

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

Nornickel plans to build PGMs refinery in Bahrain

Nornickel is the world's largest producer of palladium and a major producer of platinum.

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 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

Power Nickel shares jump on Nisk drill results

The Nisk deposit was first discovered by Inco, now Vale, in 1962.

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.