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.
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.
Shipments of its key commodity iron ore fell over the past three months as bad weather disrupted Rio’s ports,the mining giant said.
The US gold giant that swallowed Australia’s biggest goldminer,Newcrest,in a $26.2 billion merger is moving to sell half a dozen mines.
A dig into the mining giant’s numbers tells quite a story about the significant changes it has made to how it is spending the vast volumes of cash it is generating.
The miner plans to use solar and wind power to slash emissions to generate electricity by 75 per cent at its proposed Winu copper mine in the remote northern Pilbara.
Mining giant BHP says the same job,same pay policy could jeopardise investment and damage Australia’s economy.
Glencore announced the “operational changes” on Wednesday,saying it had notified workers the underground work would close after 60 years.
The mining giant says growth in iron ore demand will come from India and other countries in Asia.
Rio Tinto’s chair,Dominic Barton,has defended activists pushing the global miner to do better on environmental,social and governance issues.