This Month
Copper’s mega-bulls are ‘throwing in the towel’
Once hailed as the decade’s best commodity bet, investors are being forced to temper their expectations following a near 20 per cent slump in prices.
- Alex Gluyas
August
South32 warns WA carbon emissions limits ‘way above’ reasonable
South32 has warned that the carbon emissions limits proposed by the WA government would far exceed those demanded by the federal government.
- Peter Ker
‘The eagle has landed’: how the world’s second-largest diamond was found
The 2492-carat gem could be worth more than what Lucara paid for De Beers’ share of the mine where the discovery was made.
- Harry Dempsey
Yancoal withholds dividends to hoard cash for M&A spree
The cashed-up miner has declined to pay dividends ahead of “potential corporate initiatives”, triggering a massive slump in its share price.
- Peter Ker
Cyclone damage bill at South32’s Groote manganese mine hits $171m
The lucrative operation is owned jointly with Anglo American. New filings show the two diversified miners are injecting more money to resume exports next year.
- Peter Ker
Anglo American’s bankers court Indonesian bidders
BUMA and MACH are understood to be discussing a joint bid, but are yet to formally commit to working together.
- Sarah Thompson, Kanika Sood and Emma Rapaport
July
Anglo’s Grosvenor mine unlikely to restart before it hits the market
The London-listed diversified miner’s chief executive, Duncan Wanblad, says a fire in Queensland would not derail his break-up plan.
- Peter Ker
Why coal stocks are seeing an epic rally
Underground fires at two major coal operations have ignited a rally in unloved ASX miners, and some analysts are tipping prices to push even higher.
- Alex Gluyas
June
- Analysis
- Mergers & acquisitions
Global M&A lurches back to life
After a weak 2023, a recent flurry of deals is the latest sign of a revival in activity. But political uncertainty is holding back some takeovers.
- Ivan Levingston, Will Louch, James Fontanella-Khan, Maria Heeter and Antoine Gara
May
GYG heads for ASX | The winner in failed Anglo bid | Invest like a Rich Lister
This week on the Chanticleer podcast, James and Anthony look at Guzman y Gomez’s IPO plans, try to find the winner in BHP’s failed bid for Anglo American, and show you how to invest like a Rich Lister.
Trump found guilty | Australia’s wealthiest 200 | Verdict’s election implications
Read everything that’s happened in the news so far today.
Anglo boss doesn’t want talks with BHP, or anyone else
Duncan Wanblad hopes for space to “crack on” with his radical simplification strategy, and says more bidders for Anglo’s Queensland coal assets are coming forward.
- Hans van Leeuwen
- Opinion
- Mining
Why BHP’s pursuit of hot copper went cold
The red metal is the new black. A rebuffed BHP has gone back to the drawing board to plot its next move after Anglo American rejected its request for more time.
- Jennifer Hewett
BHP turns inward after $75b Anglo rebuff
BHP will take investors to see growth projects in Chile to assure them it does not need a big copper acquisition like its failed $75b bid for Anglo American.
- Peter Ker
- Opinion
- Chanticleer
Inside BHP’s failed tilt for Anglo – and what comes next
The post-mortems are under way, but two things are already clear: the tight time frame was never going to be enough, and BHP’s inability to win over Anglo shareholders eventually killed the deal.
- Updated
- James Thomson
- Opinion
- Chanticleer
BHP has lost its Anglo prize, but kept its head
BHP’s decision to go public with its pitch to solve Anglo American’s South African problems was a move designed to win an extension between the two mining giants. It failed.
- Updated
- James Thomson
- Updated
- Mergers & acquisitions
BHP’s $75b Anglo mega deal on ice
Anglo American has rejected BHP’s request for more time to negotiate a $75 billion takeover offer, meaning the deal is off for at least six months, unless BHP lobs a formal bid by 2am. BHP is unlikely to make a bid before the deadline.
- Updated
- Peter Ker
BHP may need more time to break Anglo bid impasse: reports
The Australian miner is reportedly poised to ask for another deadline extension from Anglo American as it seeks to resolve continuing concerns about its takeover bid.
- Timothy Moore
South African politics complicates BHP’s Anglo American discussions
As they try to seal a $75 billion deal on the same day as the South African election, the two miners remain split on the costs Pretoria will impose on any deal.
- Peter Ker
Star’s Hard Rock mystery | What’s driving the Magnificent Seven? | BHP’s Anglo gamble
This week on the Chanticleer podcast, James and Anthony get to the bottom of Star’s Hard Rock mystery, look at what’s behind the Magnificent Seven rally, and wonder whether it will be third time lucky for BHP in its pursuit of Anglo American.