ASX Announcements
Market Sensitive
Revised Proposal for Anglo American plc
Scheme of Arrangement, Asset Acquisition
- May 14, 2024
- 8 pages
Market Sensitive
Response to announcement by Anglo American plc
Scheme of Arrangement, Indicative Non-Binding Proposal, Company Administration - Other
- Apr 26, 2024
- 6 pages
Today
Miners hope for budget tax credits
Lithium and nickel miners who lobbied for tax breaks are set to be among the big budget winners as the Albanese government tries to shore up its ‘made in Australia’ plans.
- Brad Thompson
Yesterday
Anglo American rejects second, higher BHP takeover offer
BHP chief executive Mike Henry said he was disappointed that directors of the London-listed miner had not been willing to enter into further discussions.
- Peter Ker
BHP’s Mike Henry traverses the globe by private jet
The mining giant has rented a private jet for its global M&A push on Anglo American.
- Mark Di Stefano
This Month
Anglo’s South African investors open to improved BHP bid
The shareholder stance defies South African government hostility to the plan that would break up the national champion.
- Harry Dempsey and Rob Rose
Iron ore’s big China property problem isn’t going away
Pockets of strength in the Chinese steel market have boosted the raw material after a plunge below $US100 a tonne early last month but investors are cautious.
- Annie Lee and Jessica Zhou
Rio investors’ fear; Tesla slashes Oz jobs; Perpetual’s bigger story
Read everything that’s happened in the news so far today.
BHP’s Anglo American bid clouds Rinehart-backed potash project
The miner had been in talks about selling a big stake in the fertiliser development amid a plunge in prices linked to higher exports from Russia and Belarus.
- Brad Thompson
Investors urge caution as Rio Tinto eyes BHP’s $60b Anglo bid
Rio Tinto should not challenge BHP for control of Anglo American, and should instead target smaller lithium and copper producers, a major investor says.
- Peter Ker
Mining titan Evy Hambro says it’s better to buy, rather than build
One of the world’s most influential mining investors, BlackRock’s Evy Hambro, has signalled he is open to M&A as BHP hunts Anglo American.
- Peter Ker
- Opinion
- Gas
Why Albanese is going all in on gas
The Labor government has infuriated climate activists by insisting that gas will play a crucial role in the energy transition for many decades to come. Big producers like Woodside will wait to see what that means.
- Jennifer Hewett
BHP’s Anglo bid will turn into a ‘complete mess’: Angus Aitken
The prominent stockbroker has told his clients the strategy to buy the whole company to just get its copper and coal mines “seems crazy to us”.
- Peter Ker
- Opinion
- Critical minerals
Albanese’s troubled critical minerals dream
The Albanese government has high hopes for much more downstream processing of critical minerals. But the numbers aren’t adding up. What can change that?
- Jennifer Hewett
- Analysis
- Mergers & acquisitions
BHP’s siren song to Anglo shareholders is operational excellence
A claim to be the mining sector’s “best operator” is a big part of BHP’s pitch to Anglo American shareholders, as it promises to get more blood out of the same stones.
- Peter Ker
BHP gets green light for improved Anglo bid
Two prominent Australian investors say they support BHP making an improved bid for Anglo American so long as discipline is not completely abandoned.
- Peter Ker
BHP has industry super’s blessing for Anglo American copper prize
HESTA chief executive Debby Blakey has thrown her weight behind BHP’s plan to become the undisputed global king of copper through the South African deal.
- Peter Ker and Elouise Fowler
This BHP old boy thinks copper and rare earths prices will spike
Arafura Rare Earths boss Darryl Cuzzubbo says higher prices are inevitable for two commodities vital to the energy transition.
- Brad Thompson
Think you know this week’s news? Answer these 10 questions
Have you been paying attention this week? Test your knowledge across politics, business and world news.
- Ingrid Fuary-Wagner and Daniel Arbon
- Opinion
- Mining
BHP is betting self-interest trumps politics on Anglo American
Convincing South Africa’s government its $60 billion takeover bid for the mining multinational is politically palatable is part of BHP’s challenge in a particularly complex deal.
- Jennifer Hewett
BHP hits the hustings to fight ‘value dilutive’ deal claims
BHP executives and bankers will campaign in South Africa and Australia this week to win support for an Anglo American takeover that was panned by one analyst.
- Peter Ker
Rio Tinto chairman quiet on Anglo bid, eyes copper profits
Dominic Barton would not comment on whether the company was considering making a rival bid for Anglo American.
- Tess Bennett
