This Month
Qld hits pause on wind farms, and big miners are among those worried
Resource-rich Queensland had become a poster child for the energy transition, but early signs from the new LNP government have created confusion about the state’s energy plans.
- James Hall
Peabody boss in Japanese charm offensive for $US3.8b Anglo coal deal
There’s plenty of work still going around in the blockbuster deal, between the Japanese minorities and external bidders waiting for any further selldowns.
- Sarah Thompson, Kanika Sood and Emma Rapaport
November 2024
Peabody in $5.8b Anglo American coal deal
Takeover target Anglo American has shored up its defences against BHP by selling its Queensland coal mines for up to $5.8 billion.
- Peter Ker
Billionaire pays $1.6b for Anglo’s stake in Qld mines
The tycoon already owns a share of the company behind the Jellinbah and Lake Vermont coal projects. He says the deal reflected his confidence in the industry.
- Peter Ker
October 2024
BHP backpedals from chairman’s Anglo American takeover talk
BHP has not necessarily “moved on” from its desire to acquire Anglo American, based on the company’s legal response to comments by chairman Ken MacKenzie.
- Peter Ker
BHP grooming ‘internal candidates’ for chairman, CEO succession
BHP chairman Ken MacKenzie says directors of the miner will discuss whether it’s time for a new chairman in 2025.
- Tess Bennett and Peter Ker
EMR Capital puts Queensland’s Kestrel coal mine up for mega auction
The coking coal operation in the Bowen Basin is the sixth-largest in the country, and generated a profit of nearly $500 million in the last two years alone.
- Peter Ker
September 2024
Anglo American’s Australian coal auction has six credible bidders
It’s down from 30-plus tyre kickers for the five mines which produce about 15 million tonnes of coal annually – and some $1 billion in profits annually.
- Sarah Thompson, Kanika Sood and Emma Rapaport
New Hope mounts bid for Anglo American coal mines
New Hope has warned the UK-listed miner that its asking price will need to be lower due to a devastating fire at one of the flagship mines.
- Elouise Fowler
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 2024
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 2024
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 2024
- 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 2024
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.