Today
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”.
Yesterday
- 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.
This Month
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.
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.
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.
April
BHP goes big game hunting on the African savannah
BHP and Anglo American are undisputed industrial champions in their home countries. The vast gap between them says a lot about Australia and South Africa.
Why Mike Cannon-Brookes invested in this mushroom
A tree-planting boom is required to get the world to net-zero, and the billionaire is betting mushrooms and fungi will be a crucial enabler
BHP taps Deloitte for underpayments fix
The nation’s biggest company has brought in Deloitte to help track down former employees affected by a $434 million accounting glitch.
Solar pioneer raises $51m to make the sun shine after dark
A big oil player has pumped millions into an Australian solar upstart that uses giant mirrors, special PV cells and water dams to extend its operating hours.
Fortescue slams Biden administration’s green hydrogen tax rules
The Andrew Forrest-chaired iron ore major has ambitious plans to become a force in renewable energy. But proposed US rules would stifle growth, it warns.
- Updated
Pilbara Minerals expects ‘fairly material’ uptick in lithium prices
Chief executive Dale Henderson has encouraged investors to look past a down quarter in lithium prices, pointing to a rally in the past 60 days.
Alcoa vows to ‘listen better’ as it closes in on Alumina
Alcoa boss Bill Oplinger says permitting delays in Western Australia showed the US company needed to listen better, as he prepares to spend $4.6 billion buying more Australian assets.
BHP suffers new productivity hit in Queensland coal
Another downgrade means the miner spends almost seven times more money to dig a tonne of coal out of the sunshine state as it does for each tonne of iron ore in WA.
Rinehart’s presence stokes rethink of foiled $10b Lynas-MP merger
Australian richest person, Gina Rinehart, has emerged as a potential kingmaker in any rare earths mega-merger involving Lynas.
BHP tied to gas until 2053 as power need swells on electric fleet
Decarbonisation of Australia’s biggest export industry will require almost seven times more power and BHP wants gas to play a role until at least 2053.
Rio and BHP’s massive US copper mine faces religious freedom challenge
Resolution Copper would be the largest development of its kind. Native American groups opposed to it have found new financiers for legal action against it.
The incredible plan to refreeze the arctic
A new start-up is fighting climate change by thickening ice in the Arctic.
Fears for 150 jobs as miner calls in administrators
Korda Mentha will try to sell the Abra lead and silver mine, raising doubts over the future of ASX-listed Galena Mining.
China’s biggest steel maker exits Queensland coal
Chinese state-owned steel maker Baowu has called time on a dirty decade by selling an undeveloped coal asset acquired in the 2014 takeover of Aquila Resources.
Rio Tinto to set nature targets ahead of massive Guinea project
The mining giant’s sustainability credentials have been in question. But chairman Dominic Barton says it is focused on standards in developing nations.
