February
There’s a revolution going on inside BHP
Chief executive Mike Henry has been telling us for years that the Big Australian has to change. The turning point has now arrived.
January
Why the US wants BHP and Rio to get crazy rich in the Congo
BHP and Rio Tinto see just one problem with the big new copper mine Robert Friedland has built in the DRC. But the US government reckons it has the solution
October 2024
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.
BHP chairman Ken MacKenzie eyes the end of his rule
Ken MacKenzie is expected to retire next year as he prepares to honour the informal nine-year limit he imposed on director terms at the mining giant.
Who’s up and down in this year’s Power List – and who wanted to get out
This week on The Fin podcast, political editor Phillip Coorey and AFR Magazine editor Matthew Drummond take us behind the scenes of the 2024 Power Issue.
September 2024
Australia’s 10 most powerful people in 2024
There are three new faces on the Power list – plus some big swings in the ranking.
Australia’s 10 most powerful business leaders in 2024
The strongest voices for corporate Australia in a year when cost-of-living pressures have ripped through the most vulnerable parts of the economy.
July 2024
$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.
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.
May 2024
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.
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.
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.
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?
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.
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.
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.
April 2024
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.
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.
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.
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.