Top investors criticise BHP as it slashes dual nationality August 18, 2021 The FTSE 100 is set to lose its biggest company as miner BHP ditches its Anglo-Australian dual structure in favour of listing on Sydney’s stock market. Today, L&G which owns a 1.9 per cent stake in the company, said that the news BHP will give up its listing is “disappointing.” “Today’s announcement is very significant [...]
Glencore wraps up acquisition of thermal coal mine as Anglo American and BHP exit joint venture January 11, 2022 Glencore has completed its acquisition of thermal coal mine Cerrejón as its joint venture partners divest from the project.
Anglo American shares surge as Glencore reportedly mulls a takeover May 3, 2024 Shares in Anglo American have shot to the top of the FTSE 100 this morning after reports that rival Glencore was mulling a potential bid for the firm.
BHP pockets £1bn after offloading coal unit in COP26 push to lower emissions November 8, 2021 BHP said this morning it struck a £816m deal to sell its 80 per cent interest in BHP Mitsui Coal (BMC), an metallurgical coal joint venture in Queensland, Australia. A subsidiary of Stanmore Resources Limited will acquire 100 per cent of the shares in Dampier Coal (Queensland) from BHP Minerals, the subsidiary which holds BHP’s interest in [...]
Anglo American’s break-up could spark a mining bidding war, says top shareholder May 14, 2024 The break-up of Anglo American could trigger a wave of further bids from global mining giants if its management sees the plans through to completion, a top shareholder has said.
BHP fires 48 workers over sexual harassment and assault at Australian mines August 20, 2021 Mining giant BHP has fired 48 workers in 2 years amid a spate of sexual harassment and assault allegations. In July, the Australian government launched an inquiry into the problem of sexual harassment in the country’s mining industry. Large mining companies tend to use Fly In Fly Out (FIFO) accommodation, a set up which blurs [...]
BHP confirms Woodside merger, after shareholders bag $15bn payday August 17, 2021 Energy giant BHP has posted a record final dividend of $2 per share, which has raked in a $15bn payday for its shareholders in the past year. In a set of upbeat financials, BHP pulled in $25.9bn in profit from its operations in the year to 30 June, up from $14.4bn last year. The profit [...]
BHP mulls selling its petroleum division and it could fetch $15bn August 16, 2021 BHP is mulling a merger which would offload the company’s petroleum division for as much as $15bn amid growing environmental pressure. Today, the mining giant said it had “initiated a strategic review” of its multi-billion dollar Petroleum business to “re-assess its position and long-term strategic fit in the BHP portfolio.” The statement confirmed that a merger [...]
London loses out: BHP slashes dual nationality – CityAM : CityAM August 17, 2021 The FTSE 100 is set to lose its biggest company as miner BHP ditches its Anglo-Australian dual structure in favour of listing on Sydney’s stock market. The news comes as the blue chip company announced it would exit the petroleum business through a merger with Australia’s Woodside Petroleum, in a deal which will see Woodside [...]
Analysts: A mining takeover boom could be around the corner July 12, 2024 Rising demand for raw materials coupled with a meagre new supply could spur a mining takeover boom, according to analysts.