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...Anglo American’s boss Duncan Wanblad has said the British mining group will not “shrink itself to greatness” in the face of growing pressure to take radical action in reshaping its misfiring portfolio and...
...BHP Billiton was formed in 2001 through a merger between BHP and South African company Billiton. Read more here....
...In South African business circles, the news hit home sharply....
...Two days ago, he hosted the former American president in his humble bodega. He seemed more sheepish than delighted about all the attention....
...“The BHP proposal is opportunistic and fails to value Anglo American’s prospects,” said Stuart Chambers, chair of Anglo American....
...The deal, however, would be conditional on Anglo American demerging its South African-based platinum and iron ore divisions, which make up £6bn and £4.2bn, respectively, of the company’s value under the...
...BHP has proposed a £31bn deal to buy Anglo American, one of its largest rivals, in a deal that would mark the mining sector’s biggest on record....
...Anglo American, one of the few miners to build a copper mine in recent years, offers growth in the red metal, buried amid its South African iron ore and platinum assets....
...BHP has proposed buying rival Anglo American in a £31bn deal that provoked a backlash from the South African government and leading shareholders....
...“If [companies] don’t want South African assets, then they don’t want Anglo,” Gwede Mantashe, the country’s mining minister, told the Financial Times on Friday. “Anglo is a South African industry....
...Why does BHP want to own Anglo American? It doesn’t, it wants to own some of Anglo American, specifically the bits that don’t need fixing....
...“West African farmers are producing 40-50 per cent of the optimal level. That tells you that there’s opportunity for growth.” However, industry insiders said the boom might be shortlived....
...The fate of American assets in the country, including the six-year-old drone base near the northern city of Agadez, is unclear....
...Anglo shareholders would also receive shares in two South African units that would be spun off. BHP said its offer valued each Anglo share at £25.08....
...Mzila Mthenjane, chief executive of the Minerals Council, which represents the largest mining companies including Anglo American and Glencore, said it was vital for the commodities sector that the power...
...American officials confirmed that the delegation had expressed concern over Niger’s relationships with Russia and Iran....
...The deepest cut has come from American group Procter & Gamble, which in December announced that it would cease in-country production and switch to importing into the west African nation....
...In the 1920s, Harlem taught Americans how to be modern in a thousand different ways....
...It was “not surprising” that Brazil was the first emerging market to start cutting because the Latin American nation’s rates remained relatively high in real terms, giving the country’s central bank “policy...
...Key influences are noted, South African roots are referenced, and the enduring power of the human spirit made clear....
...“Also, the government of Niger forcefully denounces the condescending attitude, accompanied by the threat of retaliation, from the head of the American delegation towards the Nigerien government and people...
...The average price of its South African platinum group metals fell 35% to $1,657 per PGM ounce — the weakest since 2019 and a problem given high costs at these mines....
...BHP’s largely interested in Anglo American’s prized copper mines....
...This week, the group announced almost 4,200 jobs would be under threat at its South African platinum group metals and iron ore mines, as it seeks to cut costs....
...Nisha Biswal, DFC deputy chief executive, said the state entity expected to increase investments in African critical minerals, with this year’s total likely to exceed last year’s $700mn....
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