The resources giant has until 2am on Thursday morning,Australian time,to increase its bid for rival miner Anglo American,issue a formal binding offer,or walk away.
A million meals,75,000 flight passengers:just another month in WA for the country’s largest iron ore producer.
Ken MacKenzie likely has just over two years left as BHP’s chair. A mega-deal with Anglo American would shape the legacy he leaves at the Big Australian.
BHP boss Mike Henry has thrown down the gauntlet to Anglo American’s shareholders,after the London-based miner rejected the Australian giant’s latest takeover offer.
BHP chief Mike Henry said he was disappointed after a $64 billion sweetened bid was immediately rejected by the London-headquartered miner.
Anglo American has rejected BHP’s second,higher takeover offer. But playing hard is getting harder.
The land council’s mine was expected to produce $1 billion in revenue and the chief executive asked for his own cut.
The ‘stark reality’ of economic exclusion imposed on Victoria’s First Peoples has been laid bare in evidence presented to the Yoorrook Justice Commission.
The disastrous dam collapse in 2015 caused a giant mudslide that killed 19 people in one of Brazil’s worst environmental catastrophes.
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.
Iron ore shipments of 43.3 million tonnes were six per cent lower than previous corresponding quarter because of the ore derailment in late December and weather disruptions.