May 2, 2024

BHP CEO flies to South Africa to push $39 billion takeover

BHP’s team aims to engage with President Cyril Ramaphosa’s administration among other key stakeholders, Bloomberg sources say.

May 2, 2024

Congo M23 rebels claim control of smartphone mineral mining town

Most of Congo's mineral resources are concentrated in the east, where insecurity has worsened since the M23 made a major comeback in March 2022.

May 1, 2024

Barrick CEO ‘can’t see any reason’ for in-person annual meetings

Last year's in-person meeting included a heated exchange between CEO Mark Bristow and an activist protesting the Reko Diq copper project.

May 1, 2024

Anglo American takeover price needs to surpass £30/share, survey shows

Anglo American shares are trading 8.8% above the value of BHP’s rebuffed takeover proposal.

April 30, 2024

Anglo under pressure to reveal plans to fend off BHP as Elliott hikes stake

UBS, the adviser for BHP, has begun scheduling meetings with fund managers this week to fine-tune a revised proposal for Anglo.

April 30, 2024

As BHP weighs firm bid for Anglo, investors fret over cherry-picking assets

BHP Group can't cherry-pick Anglo American assets without paying a hefty premium, Anglo investors told Reuters.

April 30, 2024

Barrick’s Mali mine feeds Russian war machine, advocacy group says

The operator of the Loulo-Gounkoto gold complex increased tax, royalty and dividend payments to the Malian government by almost half to $380.7 million last year.

April 30, 2024

Harmony raises gold output forecast

The company said it expects its full-year gold production to be 1.55 million oz, up from the initial forecast between 1.38-1.48 million oz.

April 30, 2024

Anglo spinoffs will ‘very likely’ need South Africa approval

Even though BHP doesn’t want to buy Kumba and Amplats, South Africa could have an important role to play if an eventual deal is structured.

April 30, 2024

Mosaic sells Saudi JV stake to Ma’aden in $1.5 billion deal

Mosaic and Ma'aden have been partners in the $8 billion Ma'aden Wa'ad Al Shamal Phosphate venture for over a decade.