Rumor has it that Anglo-American Resources is not satisfied with BHP Billiton (BHP.US)'s $39 billion offer, analysts are not optimistic
The Zhitong Finance App learned that two sources revealed that the management of Angloy.US (NGLOY.US) did not consider the $39 billion acquisition proposed by BHP.US (BHP.US) attractive. Some investors and analysts consider BHP Billiton's offer to be speculative. BHP Billiton proposed a purchase offer of £25.08 ($31.39) per share to Anglo-American Resources shareholders on Thursday, equivalent to US$38.8 billion, a 31% premium over Wednesday's closing price. BHP Billiton's proposal is conditional on Anglo-American Resources Group splitting the two assets first. Sources say the offer did not resolve Britain
Zhitong FinanceApr 25 22:57 ET
The clean energy race threatens to trigger the biggest deal in decades in the mining sector
Mining giant BHP Billiton is offering nearly $40 billion to acquire its British rival Anglo-American Resources Group, which will be the largest deal ever in the mining sector. BHP Billiton said in a statement on Thursday that it values Anglo-American Resources Group shares at £25.08 ($31.4) per share, totaling £31.1 billion (US$38.9 billion). The company added that if the acquisition is completed, BHP Billiton will increase its access to copper reserves. Copper is an important component of several renewable energy technologies, including solar panels and electric vehicles, as well as power grids. And demand is high: Since this year, Lun
環球市場播報Apr 25 11:49 ET
Will Indonesia's New President Continue Nickel Policy, Which Undercuts Competitors?
When Indonesia's new president, Prabowo Subianto, assumes office in October he'll preside over the world's biggest nickel reserves and is widely expected to continue policies that have led to a global
BenzingaApr 24 13:24 ET
Iron Ore Prices Surge as Fortescue Shipments Slide on Derailment, Weather
Seeking AlphaApr 24 07:25 ET
Federal Watchdog Expresses 'Serious' Concerns About US$8.2B Agri-business Deal
Yahoo FinanceApr 23 12:02 ET
Canadian Competition Bureau Has Major Concerns About Proposed Bunge-Viterra Merger
Yahoo FinanceApr 23 09:13 ET
29Metals Gets Limited Balance Sheet Breathing Space -- Market Talk
0010 GMT - 29Metals' new US$50 million offtake facility with Glencore, and a A$16 million interim payment from insurers, ease pressure on the base metals miner's balance sheet a tad. In a note, Jeffer
WSJApr 22 20:11 ET
Glencore and Trafigura's Sanctions Games Are Draining the LME
Yahoo FinanceApr 19 14:31 ET
FTSE 100 Falls as Oil Stocks Drop; European Equities Rise -- Market Talk
1010 GMT - The FTSE 100 falls 0.5% to 7955.65, significantly underperforming European equities due to losses for heavyweight oil and mining stocks as crude oil prices fall. Appetite for risky assets h
WSJApr 15 06:12 ET
Copper Nears 15-Month High: Check Out Why These Copper Stocks Are Skyrocketing
Bank of America's commodities team forecasts a strong copper market due to high demand from energy transitions and limited supply.
Analysts NotebookApr 10 09:11 ET
Institutional Investors Have a Lot Riding on Glencore Plc (LON:GLEN) With 41% Ownership
Yahoo FinanceApr 9 02:54 ET
Teck Resources (TECK) Q1 Steelmaking Coal Sales Fall Y/Y
Yahoo FinanceApr 5 09:26 ET
Santacruz Grants to Glencore a Contingent Value Right
Santacruz Grants to Glencore a Contingent Value Right
Dow JonesApr 4 08:09 ET
Santacruz Silver Mining: Consideration Payable to Glencore to Be in Lieu of All Present and Future Amounts Owing or Payable >SCZ.V
Santacruz Silver Mining: Consideration Payable to Glencore to Be in Lieu of All Present and Future Amounts Owing or Payable >SCZ.V
Dow JonesApr 4 08:08 ET
Santacruz to Pay Up to $80M Cash to Glencore in Eight Equal Annual Instalments >SCZ.V GLEN.LN
Santacruz to Pay Up to $80M Cash to Glencore in Eight Equal Annual Instalments >SCZ.V GLEN.LN
Dow JonesApr 4 08:08 ET
Santacruz Silver: Amendments to Terms of Sale of Glencore Bolivian Mining Assets
Santacruz Silver: Amendments to Terms of Sale of Glencore Bolivian Mining Assets
Dow JonesApr 4 08:07 ET
Norway's Sovereign Wealth Fund Contemplates Rio Tinto Divestment
Rio Tinto (NYSE:RIO), the world's second-largest metals and mining corporation, is facing a possible divestment from the Norwegian sovereign wealth fund. The Council On Ethics, charged with ensuring a
BenzingaApr 3 14:23 ET
Rio Tinto Faces Possible Norway Fund Divestment on Environmental Issues - WSJ
Seeking AlphaApr 3 10:55 ET
Glencore May Consider Switching Main Listing to U.S., Deutsche Bank Says
Seeking AlphaApr 2 19:27 ET
The Global Copper Supply Landscape: Is a Bull Market on the Horizon?
Since the fourth quarter of 2023, the global copper mining industry has experienced multiple supply disruptions, with recent news of planned production cuts by Chinese smelters intensifying market unease.
Moomoo News GlobalApr 2 10:14 ET
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