July
- Opinion
- Chanticleer
$3b deal shows how BHP dusted itself off and tried again
Mike Henry was disappointed his $75 billion takeover bid for Anglo American failed. But his latest deal helps to show investors he has many other ways to play the copper bull story.
- James Thomson
BHP misses internal targets, docks incentives across global workforce
BHP’s top brass has cut employee incentives around the globe based on failures to hit internal performance targets.
- Brad Thompson
May
- 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
- Opinion
- Chanticleer
Make no mistake, BHP’s Anglo dream is alive and kicking
Mike Henry has finally got what he always wanted – a chance to convince the Anglo American board of the merits of his deal. But he’s paid a hefty price to get here.
- Updated
- James Thomson
- Opinion
- Chanticleer
The $64b question at the heart of Mike Henry’s biggest test
Key BHP investors including AFIC are supportive of the mining giant lifting its bid for Anglo American. But the question is: how much?
- James Thomson
- Opinion
- Chanticleer
Why BHP’s hopes of buying Anglo American are fading fast
BHP boss Mike Henry has taken his takeover pitch directly to Anglo American investors. But the hurdles to this bid are multiplying, and time is running out.
- Updated
- James Thomson
- Opinion
- Chanticleer
BHP turns Anglo pursuit into $64b chess game
BHP has bid against itself and disclosed it, in an effort to put pressure on the London-listed miner. The next move is Anglo’s, and only hours away.
- Updated
- Anthony Macdonald
- Analysis
- Mergers & acquisitions
How BHP’s ‘Meticulous Mike’ prepared for Anglo American rebuff
Dubbed “Meticulous Mike” by the Australian media, the Canadian executive must have carefully planned his move for Anglo, down to the inevitable initial rejection.
- Tom Wilson and Nic Fildes
April
BHP investors fear costly second tilt at Anglo American
Shares in BHP have dropped 5.2 per cent since it made the $60 billion bid for Anglo-American that was swiftly rejected last week.
- Elouise Fowler
BHP’s $60 billion copper play was years in the making
How chief executive Mike Henry has been methodically hunting a big deal for years.
- Thomas Biesheuvel, Dinesh Nair and Paul-Alain Hunt
- Opinion
- Chanticleer
Anglo’s predictable rejection won’t end BHP’s ambitions
BHP won’t be put off the scent by Anglo American’s rejection of its $60 billion takeover. There’s too much at stake.
- James Thomson
- Opinion
- Chanticleer
BHP’s complex bid for Anglo American is a bet on the future
After years of shrinking to greatness, BHP boss Mike Henry is eyeing a deal that could deliver a triple victory. But it’s complex, and possibly risky.
- James Thomson
BHP’s Mike Henry breaks bread with Andrew Liveris at Beppi’s
The place was nearly empty, so snippets of Henry and Liveris’ long, relaxed degustation rang through the room of the power diner.
- Updated
- Myriam Robin
BHP has UBS, Barclays in corner as it eyes mega Anglo American deal
Sources close to discussions said negotiations were at an early stage and other miners were interested in the London-based producer of platinum and copper.
- Sarah Thompson, Kanika Sood and Emma Rapaport
March
BHP’s Mike Henry argues Chinese steelmakers deserve a break
Big miners are facing pressure to detail their investments into green steel and reduce their scope three emissions. But Chinese smelters as a whole are more efficient than the EU’s.
- Ayesha de Kretser
BHP cuts contractors at Kalgoorlie nickel smelter
The miner has stood down contractors on the Kalgoorlie nickel smelter and withdrawn plans to house 1000 workers in the regional city as staff wait to hear whether the 51-year-old asset will be mothballed.
- Peter Ker and Brad Thompson
- Analysis
- Critical minerals
Why BHP’s nickel struggles to match Indonesia’s
A large green premium would be needed to put integrated Australian nickel producers like BHP on par with Indonesian rivals.
- Peter Ker and Elouise Fowler
February
BHP sheds jobs, axes white-collar teams in global reset
BHP rocked its workforce with a major restructure disbanding specialist teams and putting far greater responsibilities on its iron ore, coal, copper and nickel leaders.
- Brad Thompson
January
Australia’s business elite turns its back on Davos
No government minister and barely any big-ticket CEOs: either Australians don’t want to interrupt their summer, or the World Economic Forum is losing its cachet.
- Hans van Leeuwen