Whether successful or not,the Australian mining giant’s offer puts pressure on Anglo’s board and management to consider significant changes to its business.
The disastrous dam collapse in 2015 caused a giant mudslide that killed 19 people in one of Brazil’s worst environmental catastrophes.
BHP has its prey in its sights,but winning requires skill and a willingness to walk away if the target,Anglo American,plays hard to get.
Australia’s largest mining company will be forced to raise its offer to buy rival Anglo American after its initial $60 billion bid was swiftly rejected.
BHP,the world’s largest miner,has approached London-listed Anglo American with an offer that could turn into this year’s biggest deal.
BHP has approached the embattled Anglo American mining house with an all-scrip offer that would see the group’s most troublesome assets spun off.
Copper is shaping up as a star for the mining giant,as it edges closer to making a final call on its nickel business in West Australia.
Strickland Metals has entered the lucrative Serbian gold game after grabbing the Rogozna project that has a resource of 5.44 million ounces of gold equivalent.
Rate-sensitive sectors including consumer stocks dragged the local sharemarket lower,despite a US equities rebound overnight following its steep sell-off.
The iron ore giant’s months-long stock rally appears to be over as investors turn sour on the company’s earnings growth and high exposure to slumping metal prices.
Mining and energy stocks weighed heavily on the Australian sharemarket,dragging the index sharply into negative territory after it briefly pared early losses.