Yesterday
BHP enlists OZ Minerals copper veteran amid cost blowout fears
BHP’s mine manager has warned of cost and schedule challenges for a near $1 billion expansion project at the Prominent Hill copper mine.
- Brad Thompson
The mining stocks fundies think may outrun BHP and Rio
The rout in the ASX’s largest mining companies this year has created a “screaming” buy for some of the sector’s biggest investors.
- Alex Gluyas
This Month
Giant farming co-op looks to exit flour mill partnership with Salim
Australia’s biggest co-op, farmer-controlled CBH, wants to sell its stake in a network of flour mills in South-East Asia owned with the Indonesian family.
- Brad Thompson
Copper a better bet than iron ore and lithium
UBS is tipping copper over other commodities after prices climbed nearly 4 per cent in a week, amid signs of a tighter market for the industrial metal.
- Joanne Tran
Copper boss in swipe at BHP after $393m Indonesian-led takeover bid
Indonesia’s billionaire Salim family has swooped on Australia’s biggest fully permitted copper project.
- Brad Thompson
Growing bets on Fed rate cuts boost $A to six-month high
Evidence of weaker US growth and a deteriorating job market bolstered conviction that the Fed will cut rates imminently, triggering a rally in commodities.
- Alex Gluyas
June
BHP entrusts rising star with its copper mines
Anna Wiley, a leader in the Resources category, has barely put a foot wrong in a diverse career in mining that has led her to the top job in the group’s copper operations in South Australia.
- Brad Thompson
China’s copper glut soars in sign of stuttering economy
Copper inventories in Shanghai warehouses have reached their highest levels since 2020, as manufacturers rein in demand.
- Updated
- Harry Dempsey and Wenjie Ding
Bargain hunters eye brutal metals correction
Copper, aluminium and nickel prices have slumped more than 10 per cent from their May highs, creating a good entry point for investors to step back in, according to strategists.
- Updated
- Alex Gluyas
Sam Berridge’s resources fund is pumping out 30pc returns. Here’s how
The portfolio manager of Perennial’s Natural Resources Trust reveals his fund’s “big winners” and explains why he is betting big on domestic gas.
- Alex Gluyas
Ignorance rather than greed behind Sandfire’s Indigenous blunder
An investigation conducted by Gilbert + Tobin concluded there was a “clear failure” by the copper producer’s former management to understand “ESG obligations”.
- Peter Ker
May
Commodities to set records after ‘violent price swings’
Strategists have warned that traders should expect heightened volatility on commodity markets as the powerful rally in metals divides investors.
- Updated
- Alex Gluyas
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
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
Commodities on cusp of ‘super-bull’ rally after traders cash in
Investors have taken profits following a powerful rally in copper and gold prices, but strategists believe the correction will be short-lived.
- Alex Gluyas
BHP needs to put more on the table, says big Anglo investor
Fund manager Ninety One, the target company’s seventh-largest shareholder, would like to see a deal, but says BHP isn’t there yet.
- Hans van Leeuwen
Smart heads bet BHP’s Anglo American bid gets over finish line
The ball’s in Anglo American’s court, with BHP all but telling its target to “name your price, and we will see if we can match it”.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- 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