Anglo American, led by South Africa's Duncan Wanblad, faces fresh BHP takeover bid
The move comes as Anglo prepares for a shareholder vote on its planned merger with Canada’s Teck Resources Ltd., a deal that would create a major copper producer.
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The move comes as Anglo prepares for a shareholder vote on its planned merger with Canada’s Teck Resources Ltd., a deal that would create a major copper producer.
Anglo American will resume selling its Australian coal mines after a halted $3.8 billion deal, while pursuing a $50 billion merger with Teck Resources.
The Isaac Regional Council, which covers the coal-rich Bowen Basin, said about 200 jobs will be affected.
Brazil reviews Anglo American’s $500 million nickel deal with MMG, raising scrutiny on Duncan Wanblad’s strategy and China’s role in minerals.
Peabody cancels $3.8 billion Anglo coal deal after mine fire; Anglo plans arbitration as H1 revenue falls to $8.95 billion.
The southern African nation, which owns 15 percent of De Beers, believes it was not adequately consulted on the divestment.
The upgrade aims to enhance production capacity and sustainability efforts amid rising global demand for copper, a critical metal in the clean energy transition.
Anglo American has won shareholder approval to spin off its platinum arm, Valterra Platinum, effective May 31, 2025, as part of a major restructuring.
Anglo American is also navigating a strategic overhaul, including a potential listing of its diamond business, De Beers.
Anglo-American considers listing De Beers as it exits diamonds, marking the end of a century-old partnership amid market turmoil and weak demand.
The company is shedding assets and gearing up to spin off its platinum division in a push to streamline operations and boost profitability.
De Beers secures a 25-year extension for Debswana’s mining licenses, reinforcing its leadership as Botswana rebalances its diamond trade strategy.
This comes despite a 64.94 percent decline in headline earnings, underscoring commitment to shareholders amid a challenging operating environment.
Anglo-American, led by South African executive Duncan Wanblad, has agreed to sell its nickel business to MMG Limited for up to $500 million.
The internal restructuring consolidates control under AAI while keeping Anglo American’s overall ownership unchanged.
The mining giant led by Duncan Wanblad is offering 17.5 million shares—equivalent to a 6.6 percent stake in Johannesburg-listed Amplats—at $30.1 per share.