In a highly volatile environment,BHP has shown there is nothing wrong with being boring.
EV Resources’ copper pursuit in two continents is gaining momentum following a recent diamond drill campaign at its flagship Parag project in Peru.
The world’s biggest gold miner says it would consider a joint venture with BHP to exploit its significant copper reserves.
Anglo American’s refusal to engage with BHP forced the world’s largest miner to abandon its $74 billion mega-deal.
The Anglo American board has finally agreed to let BHP put forward the case for its now $74 billion takeover plan after the Australian mining giant upped its offer for the second time.
BHP has gained a one-week extension to come up with an improved and binding takeover offer for Anglo American after its rival rejected its latest bid.
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.
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.
Anglo American chief Duncan Wanblad has shown his hand as the company tries to fight off BHP. His Plan B looks a lot like BHP’s Plan A.
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.