BHP looks to SA copper growth after Anglo failure
BHP’s failure to capture Anglo American’s South American copper mines means the company needs to push growth from its existing deposits in Australia.
BHP’s failure to capture Anglo American’s South American copper mines means the company needs to push growth from its existing deposits in Australia.
With life tough for China-leaning Aussie miners, JP Morgan has done investors a solid, with a head-to-head comparison of iron ore heavyweights Rio and BHP.
The Mining and Energy Union is seeking to lift the pay of 1700 labour hire workers by between $10,000 to $40,000 a year, in a test of Labor’s same job, same pay laws.
Whitehaven Coal is understood to be targeting August to announce a selldown of a stake in its Blackwater coal mine, that it purchased as part of a broader $6.4bn acquisition from BHP
It wasn’t just about a global takeover offer. South Africa was deeply involved in one of the most tense elections of the post Mandela era, and the deal became a campaign football.
About 300 BHP workers are nervously awaiting a decision on Nickel West’s future, but there’s a lesson to be taken from Mike Henry’s approach to the now failed Anglo American takeover.
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What does BHP do now it has abandoned its pursuit of Anglo American?
BHP won’t be riding to Anglo American’s rescue if its restructure plan goes wrong, the Australian mining giant wants to make clear.
The Australian sharemarket fell for its third straight session on Thursday, dragged down by Wall St, inflation fears and a tumble at BHP.
Anglo’s rejection of BHP was quite simply moronic, and now the ‘Big Australian’ can simply step back and watch as its smaller rival implodes.
Mike Henry is unlikely to dwell too much on what could have been after abandoning his $74bn pursuit of Anglo American, with the BHP boss expected to move onto other opportunities.
BHP’s bid strategy for Anglo American has been called into question, with one shareholder saying a modest increase in the offer might have tipped the scales in mining giant’s favour.
Shareholders in Anglo American will want justification for any future firm rejection of a deal with BHP for the majority of its portfolio.
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The Australian giant has walked away from a six-week pursuit of Anglo American after failing to convince its rival to engage in further talks.
BHP had tried to show that it was moving to allay concerns around risks in South Africa related to its deal but Anglo American has slammed the door shut on further talks
April inflation higher than expected. BHP makes case to continue Anglo American takeover talks. IAG sued for alleged deceptive conduct. Fortescue down on Jarden rating. MA Financial narrowly avoids first strike.
ASX finishes lower on quiet day of trading as April retail sales come in below forecasts. Peter Warren issues profit warning. Southern Cross Media considering ACM proposal. Boss Energy hit by CEO, chair selloff.
Mining giants BHP and Rio Tinto have announced a new green push to transform their massive fleet of haul trucks.
Original URL: https://www.theaustralian.com.au/topics/bhp-group-limited/page/7