Key lieutenants are already jostling for position to succeed BHP boss Mike Henry at the top of the world’s biggest miner.
President Donald Trump’s administration is speeding up approvals for critical mineral projects in its trade war with China.
The Chinese demand driving resource giant BHP’s output of Australia’s largest commodity export,iron ore,will fade as President Donald Trump’s tariffs reduce global growth.
Resources giant Rio Tinto has held discussions with US President Donald Trump’s administration as it seeks to push ahead with a massive copper project in the US.
Donald Trump is considering tariffs on one of the 21st century’s most crucial metals. It’s good news for Rio Tinto and BHP but an own goal for the president.
The world’s biggest miner is turning to copper as iron ore demand wanes. It’s time to go for a mega takeover BHP has always shied away from:Going after the biggest copper mine of all.
The Australian sharemarket closed in the red,dragged down by energy stocks and banks,after the Reserve Bank warned not to expect further cuts.
The largest Australian miner has slashed its interim dividend and also posted a weaker profit.
Demand for iron ore,which has long been the core of BHP’s earnings,may have peaked,but the miner’s copper production bodes well for the future.
If either side needs to compromise on the takeover price to get a transaction done,it’s Glencore that needs to make sacrifices now to secure a better future.