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Anglo CEO Duncan Wanblad and his BHP counterpart Mike Henry took centre stage on Tuesday at a mining conference in Miami.
Anglo-BHP battle is between two CEOs fighting over same vision
15th May 2024 By: Bloomberg

As Anglo American sets out a survival plan that echoes the vision of its suitor BHP Group, the rival mining bosses are now locked in a battle to convince shareholders they are the man for the job.... 


Mineral Resources Minister Gwede Mantashe
Mantashe warms to Anglo plan after opposing BHP bid
14th May 2024 By: Bloomberg

South Africa’s mines minister struck a conciliatory tone as Anglo American Plc announced plans to separate its platinum unit as part of a major shakeup following its rejection of two approaches... 


Anglo American CE Duncan Wanblad
All-round value unlock targeted in proposed demerging of Anglo Platinum and De Beers
14th May 2024 By: Martin Creamer

Diversified mining major Anglo American is targeting value elevation in its planned demerging of South Africa-based Anglo American Platinum (Amplats) and the envisaged divestment or demerger of... 


Anglo American Platinum's Mogalakwena operation in South Africa
Investors expect BHP to lift Anglo American offer again
14th May 2024 By: Reuters

BHP is likely to sweeten its $43-billion takeover offer for Anglo American for a second time and possibly add cash, investors in both companies said on Tuesday, after the London-headquartered... 


The Waterfal smelter at Anglo American Platinum's operations in South Africa.
Analysts highlight concerns over valuation, regulatory hurdles in BHP-Anglo proposal
14th May 2024 By: Mariaan Webb

The rejection – for the second time – of BHP’s attempt to propose a deal with Anglo American underscores the concerns that continue to persist regarding value and regulatory hurdles in the proposed... 


BHP CEO Mike Henry says the group is disappointed that its second proposal has been rejected.
Anglo rejects BHP's revised £34bn proposal
13th May 2024 By: Mariaan Webb

Diversified major Anglo American has rejected a revised proposal put forward by BHP, which valued the UK-headquartered miner at about £34-billion. The structure of the revised proposal, unveiled... 


De Jager to lead Surefire as next CEO
13th May 2024 By: Creamer Media Reporter

Perth-based explorer Surefire Resources has appointed Jan de Jager as CEO. De Jager has more than 25 years’ experience across operational, finance, commercial, strategy and business development... 


A hydrogen-fueled haul truck in operation at Anglo American Platinum's Mogalakwena mine
Anglo American's South Africa investors open to improved BHP bid, FT reports
10th May 2024 By: Reuters

Anglo American's key South African shareholders are open to a takeover offer from BHP, with some advocating for an additional cash component to the bid, the Financial Times reported on Thursday.... 


COPPER IN FOCUS: There is a long way to go and there is much uncertainty, but the $39-billion bid by BHP for Anglo American certainly underlines the growing importance of copper not only to the mining majors but also a world economy undergoing an energy transition. If successful, the deal, which would exclude Anglo’s South African iron-ore and platinum assets, would create the world's biggest miner of copper, seen being produced here at Anglo’s Quellaveco mine in Peru. Photograph: Reuters
COPPER IN FOCUS
10th May 2024

There is a long way to go and there is much uncertainty, but the $39-billion bid by BHP for Anglo American certainly underlines the growing importance of copper not only to the mining majors but... 


Botswana President Mokgweetsi Masisi
Botswana vows to protect interests in potential BHP-Anglo deal
9th May 2024 By: Bloomberg

Botswana President Mokgweetsi Masisi vowed to protect the country’s interests, including its 15% stake in diamond giant De Beers, should BHP Group acquire Anglo American. Anglo, which rejected a... 


BHP-Anglo American deal raises alarm in Japan's steel industry
BHP-Anglo American deal raises alarm in Japan's steel industry
9th May 2024 By: Reuters

Japanese steelmakers have raised concerns with Australian authorities that BHP Group could become too dominant in the global supply of coking coal if it goes ahead with a takeover of Anglo... 


China's 2024 iron-ore imports seen similar to last year's - Vale
China's 2024 iron-ore imports seen similar to last year's - Vale
9th May 2024 By: Reuters

Imports of iron-ore by China, the world's biggest buyer, in 2024 are expected to be around 1.17-billion to 1.18-billion metric tons, similar to last year's 1.18-billion tons, a senior official of... 


Cosatu's logo on a window
South African unions urge Anglo shareholders to reject BHP bid
7th May 2024 By: Bloomberg

South Africa’s biggest labour union federation urged local shareholders, including the powerful Public Investment Corporation (PIC), to oppose BHP Group’s bid to buy Anglo American. The Congress of... 


The Sishen iron-ore mine
BHP insists Anglo American's South African assets must go in any takeover, sources say
7th May 2024 By: Reuters

BHP's plan to divest the South African assets of its target Anglo American are key to the strategy behind the proposed takeover and is expected to be a part of any revised offer, investors briefed... 


Arrow’s Simandou North drilling off to a promising start
Arrow’s Simandou North drilling off to a promising start
7th May 2024 By: Mariaan Webb

Australian junior Arrow Minerals as hit the ground running at its Simandou North deposit, in Guinea, uncovering high-grade mineralisation in the area during the initial stages of drilling. The... 


Brazil wants Vale’s next CEO to have closer ties with government
6th May 2024 By: Bloomberg

Brazil expects the next CEO for Vale, the world’s second-largest iron ore producer, to have closer relations with officials and regulators even after public scrutiny over government influence on... 


Rio Tinto has long admired Anglo’s Collahuasi copper mine in Chile.
BHP’s biggest rivals sit on the sidelines of Anglo M&A drama
6th May 2024 By: Bloomberg

Two of BHP Group’s biggest rivals are sitting on the sidelines for the moment as they watch to see how a takeover offer for Anglo American will play out. Both Rio Tinto Group and Glencore are more... 


Brazil rejects Vale, BHP settlement offer for Mariana disaster
3rd May 2024 By: Reuters

Brazil and the state of Espirito Santo have rejected a proposal by miners Vale and BHP regarding reparations for the deadly 2015 Mariana tailings dam burst, the federal government said on Friday.... 


Anglo CEO meets South Africa's mines minister after BHP's takeover proposal
3rd May 2024 By: Reuters

 Anglo American CEO Duncan Wanblad is meeting on Friday South African mines minister Gwede Mantashe for the first time since the miner rejected BHP Group's $39 billion takeover bid, a source... 


Anglo's unusual mix of niche commodities — it’s the only large miner with big diamonds and platinum operations, for example — is seen as one of the reasons that the company hasn’t been successfully targeted in the past.
What’s Anglo worth? For now it’s less than the sum of its parts
3rd May 2024 By: Bloomberg

As BHP Group considers its next move, there’s one big question facing the mining world’s bankers, analysts and executives at rival producers: What’s Anglo American actually worth? Anglo’s shares... 


Glencore studying an approach for Anglo American, sources say
Glencore studying an approach for Anglo American, sources say
3rd May 2024 By: Reuters

Commodities group Glencore is studying an approach for Anglo American, two sources said, a development that could spark a bidding war for the 107-year old mining company. Glencore has not yet... 


LOGISTICS CRUNCH: Kumba Iron Ore reported a 10% fall in first quarter sales due to port equipment challenges. The Anglo American company reduced production by 2% to 9.3-million tons in line with its strategy to match output to available logistics capacity. Ore taken to port by Transnet Freight Rail was flat at 9.4-million tons, but sales declined to 8.5-million tons because of problems at the Port of Saldanha. Photograph: Reuters
LOGISTICS CRUNCH
3rd May 2024

Kumba Iron Ore reported a 10% fall in first quarter sales due to port equipment challenges. The Anglo American company reduced production by 2% to 9.3-million tons in line with its strategy to... 


Anglo bidder BHP intends maintaining long-standing JSE listing
2nd May 2024 By: Martin Creamer

Diversified mining major BHP, which has made a rejected proposal to combine with Anglo American by way of a scheme of arrangement, confirmed on Thursday that it intended maintaining its... 


Chinese miners see opportunities as BHP’s mega bid unfolds
Chinese miners see opportunities as BHP’s mega bid unfolds
2nd May 2024 By: Bloomberg

China’s leading metals companies, including its state iron ore buyer, are considering their next moves following BHP Group’s blockbuster $39-billion approach for rival Anglo American, potentially... 


South Africa's Mineral Resources and Energy Minister Gwede Mantashe
BHP woos South Africa in pursuit of $39bn Anglo takeover
2nd May 2024 By: Bloomberg

BHP Group has deployed a team of senior executives to South Africa as the world’s largest miner ramps up efforts to win over government officials, regulators and local shareholders, all of whom... 


Rick Menell
Rick Menell joins Perseus board as nonexec director
2nd May 2024 By: Creamer Media Reporter

Mining veteran Rick Menell has joined the board of Africa-focused gold producer Perseus Mining as a nonexecutive, independent director. "I am extremely pleased to welcome Rick Menell to the board... 


Stuart Chambers
Anglo to meet top shareholders on BHP bid as takeover rules restrain AGM
2nd May 2024 By: Reuters

Anglo American's chair will meet its top 30 shareholders to hear views on BHP's $39-billion bid for the miner, he told an annual general meeting on Tuesday, where he was restricted from discussing... 


Anglo American takeover price needs to surpass £30 a share, survey shows
Anglo American takeover price needs to surpass £30 a share, survey shows
30th April 2024 By: Bloomberg

A takeover of Anglo American would need to be pitched at more than £30 ($37.6) a share, a higher price than BHP Group offered last week, according to analysts and traders surveyed by Bloomberg.... 


A hydrogen-powered truck in operation at Anglo American Platinum's Mogalakwena mine
As BHP weighs firm bid for Anglo, investors fret over cherry-picking assets
30th April 2024 By: Reuters

BHP Group can't cherry pick Anglo American assets without paying a hefty premium, Anglo investors told Reuters, concerned that they stand to lose heavily by holding shares in South African... 


President Cyril Ramaphosa's spokesperson Vincent Magwenya
South Africa views BHP bid for Anglo as 'normal market activity'
29th April 2024 By: Reuters

South Africa views BHP Group's proposed bid for Anglo American as "normal market activity" and is following the process as it unfolds, President Cyril Ramaphosa's spokesperson said on Monday. BHP... 


State-owned groups Eskom and Transnet have impaired mining productivity with unreliable power supply and a lack of trains to move mineral exports.
BHP’s South Africa snub an indictment of ANC, DA says
29th April 2024 By: Bloomberg

BHP Group’s bid to spin off Anglo America’s South African assets as part of a takeover proposal shows how the economic policies of the ruling African National Congress (ANC) have undermined... 


The Woodsmith project, in the UK
BHP’s bid for Anglo casts cloud over $9bn fertiliser mine
29th April 2024 By: Bloomberg

BHP Group’s proposal for a $39-billion takeover of rival Anglo American is all about securing plenty of copper supplies — so now, the potential deal is throwing uncertainty over the future for... 


BHP seeks to break mining’s M&A curse with thorny Anglo deal
BHP seeks to break mining’s M&A curse with thorny Anglo deal
26th April 2024 By: Bloomberg

The last time BHP Group took a swing at another major miner, it was Rio Tinto back in 2007. That could have been a blockbuster $150-billion takeover, but with metals prices crashing as the... 


Sayurie Naidoo appointed Amplats CFO, executive director
26th April 2024 By: Tasneem Bulbulia

JSE-listed Anglo American Platinum (Amplats) has appointed Sayurie Naidoo as CFO and executive director, with effect from May 1. Naidoo, who has been serving as the acting CFO since Craig Miller... 


Anglo American chairperson Stuart Chambers
Anglo snubs BHP’s ‘highly unattractive’ proposal
26th April 2024 By: Mariaan Webb

Diversified miner Anglo American has firmly rebuffed a $38.8-billion proposal from mining heavyweight BHP, with chairperson Stuart Chambers dismissing the nonbinding offer as “highly... 


On lithium’s frontier, miners are betting on a greener second act
On lithium’s frontier, miners are betting on a greener second act
26th April 2024 By: Bloomberg

Against the arid, red dirt of the Australian Outback, the Mount Holland lithium mine emerges to approaching visitors as a colossal grey-tinged crater, with trucks the size of houses edging along... 


BHP CEO Mike Henry will reportedly brief investors next week.
BHP shares drop on value concerns after $39bn bid for Anglo American
26th April 2024 By: Reuters

BHP Group shares fell 4% on Friday a day after revealing a $38.8-billion bid for Anglo American as investors feared a deal could erode BHP's profitability especially if it has to sweeten its... 


Anglo American does not find BHP $39bn offer attractive
26th April 2024 By: Reuters

Anglo American's management does not consider a proposed $39-billion takeover offer from BHP Group as attractive, two sources told Reuters, as some investors and analysts dismissed it as... 


Former Anglo American CEO Mark Cutifani
Anglo’s stumbles have made it prey for mining’s biggest predator
26th April 2024 By: Bloomberg

When former boss Mark Cutifani left Anglo American in mid-April 2022, things had rarely looked better for the century-old miner. Metals prices soared as the world emerged from lockdowns, the... 


Aerial view of the Amapá mine
Amapá iron-ore project, Brazil
26th April 2024 By: Sheila Barradas

A capital expenditure optimisation study has resulted in a forecast increase in production of about 4.8%. 


Image of desalination plant
Coastal Water desalination plant, Australia – update
26th April 2024 By: Sheila Barradas

Rio Tinto plans to build a seawater desalination plant with an initial nominal capacity of 4 Gℓ/y. 


Iron-ore on a train
Rhodes Ridge iron-ore project, Australia – update
26th April 2024 By: Sheila Barradas

The prefeasibility study is advancing. 


Aerial View of the Simandou project
Simandou iron-ore project, Guinea – update
26th April 2024 By: Sheila Barradas

Rio Tinto is continuing to work with its partners to satisfy the outstanding conditions on the project. 


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