BHP abandons US$49B bid for Anglo
BHP (ASX: BHP) is walking away from its US$49.2 billion offer for Anglo American (LSE: AAL) after the companies couldn’t agree on how to handle the target’s platinum assets in South…
Iron Ore
Mining M&A slips as firms lawyer-up to fight regulators
Global mining dealmaking is falling this year but political drama and litigation are escalating in the United States and Canada, while other trends include paying premiums to get copper and…
BHP, Rio Tinto to fast-track electric haul truck trials
BHP (NYSE: BHP; LSE: BHP; ASX: BHP) and Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO), the world’s two largest miners, have partnered up to accelerate the first trial of…
Rio Tinto faces pressure to leave London exchange
Rio Tinto (ASX: RIO; LSE: RIO; NYSE: RIO) should switch its primary listing from the London stock market to Australia’s, a move that could boost the miner’s share price by…
Anglo American rejects BHP’s third, US$49.2B bid
Anglo American (LSE: AAL) rejected on Wednesday a third takeover bid by BHP (ASX: BHP) that valued the company at US$49.2 billion (£38.6 billion), but it has agreed to extend…
Anglo’s second top investor demands BHP bid revision
Anglo American’s (LSE: AAL) second largest investor said on Wednesday it believes BHP’s (ASX: BHP) takeover bid requires “meaningful revision” in public remarks made just hours before the deadline for…
Mining-strong Oz budget could lead to another surplus, but more can be done, say insiders
For the second consecutive year, the Australian government has announced a budget surplus mainly owing to a vibrant mining sector, this time projected at A$9.3 billion, though some in the…
Anglo American to sell De Beers, Amplats after latest BHP bid
Anglo American (LSE: AAL), the takeover target of mining giant BHP (ASX: BHP), has yielded to pressure from investors by announcing plans to sell some of its legacy assets in…
JV Content: Quebec seizes golden opportunity in critical minerals
Quebec has long enjoyed a reputation as a top-tier mining jurisdiction, but until recently, gold has run the show. Since it released its critical minerals strategy in 2020, however, spending…
Rio Tinto reports another autonomous train crash in Australia
Rio Tinto (NYSE: RIO; LSE: RIO ASX: RIO) said on Monday that one of its fully loaded autonomous iron ore trains had crashed with a set of stationary wagons in…
Rio Tinto has not ruled out Anglo American bid: report
While Rio has a smaller market capitalization than rival BHP, it’s large enough to make an all-share offer for some or all of Anglo American.
Brazil demands immediate US$15.7B payment 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.