BHP walks away from proposed $49bn takeover of Anglo American

Less than an hour before the 5 p.m. UK cut off, BHP confirmed it had failed to secure Anglo’s board backing and would not proceed with the takeover.

Cecilia Jamasmie | May 29, 2024 | 4:05 am

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.

Bloomberg News | May 28, 2024 | 10:32 am

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.

Reuters | May 28, 2024 | 9:08 am

JPMorgan says BHP plan risks $4.3 billion South Africa outflow

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

Bloomberg News | May 27, 2024 | 7:05 am

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.

Reuters | May 25, 2024 | 12:37 pm

Nornickel plans to build PGMs refinery in Bahrain

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

Reuters | May 23, 2024 | 3:12 pm

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.

Bloomberg News | May 23, 2024 | 12:16 pm

Nornickel board proposes no dividend for 2023 results

Nornickel failed to pay dividends on its 2022 results but resumed payouts for the first nine months of 2023.

Reuters | May 23, 2024 | 7:05 am

First

Last

Sibanye delays results release as it recovers from cyberattack

Anglo American takes fresh $1.6bn writedown on UK fertilizer mine

South Africa mines lobby urges caution on minerals export tax

Deep-sea miner TMC plans to be ready to apply for licence

Amplats says on track to demerge in 2025, plans secondary London listing

Create FREE account or log in

to receive MINING.COM digests

Mining M&A slips as firms lawyer-up to fight regulators