No 1 source of global mining news and opinion
BHP’s leadership has given its clearest indication yet that it won’t make another bid for smaller rival Anglo American ., and after it was rejected, it increased the proposed bid twice, which enticed Anglo to negotiate over a possible binding offer.
“So we moved and we thought there was an opportunity here to create something unique and special, a sort of ‘one plus one equals three’ opportunity. By putting these companies together, there were a lot of synergies and opportunities, and we had a clear view in our mind around the value that we could create and the value that we were prepared to pay.
Chief executive Mike Henry said once the transactions closed in the March 2025 quarter, the company would “have the opportunity to advance what we consider to be one of the most significant copper discoveries in decades”.“It’s really, really, really important that we all understand that transactions are about one avenue for growth for the company – they’re actually not the fundamental avenue,” he said.
“Now, where we do consider acquisitions, we are very disciplined about it. It has to be for the right assets – large, long-life, low-cost – and there has to be an opportunity for BHP to unlock further value through our ownership, through synergies.”Hundreds of people rallied outside the meeting in Brisbane this morning, protesting BHP’s opposition to Australia’s new labor laws, as well as the miner’s coal operations.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BHP has moved on from Anglo American, company chairman saysBHP has moved on from Anglo American, company chairman says
Read more »
BHP has moved on from Anglo American, company chairman saysNo 1 source of global mining news and opinion
Read more »
Anglo American not a sitting duck after breakup, CEO saysNo 1 source of global mining news and opinion
Read more »
Anglo American copper, diamond output down, 2024 guidance unchangedNo 1 source of global mining news and opinion
Read more »
Utah's Asian American and Pacific Islander communities navigate the American dreamAsian Americans and Pacific Islanders came from many different countries to Utah in search of a new life. However, navigating that dream today has become more challenging.
Read more »
Exclusive American Homeboy Trailer Previews Documentary About Mexican American CultureComingSoon can exclusively debut the trailer for Freestyle Digital Media's American Homeboy, a new documentary from Brandon Loran Maxwell.
Read more »