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...However, some analysts question the share price impact of thermal coal divestments of industry peers Anglo American and Rio Tinto, arguing that the moves have not lifted their shares....
...“They are overriding our local decisions [and] demoting American leadership,” said one current senior US employee....
...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....
...“What we saw is that it dumped coal and then created a small company called South32, which is now marginal,” he said, adding that the proposed deal was “a business issue” and the government was not involved...
...These include De Beers, its platinum division and its metallurgical coal mines....
...The two companies could perhaps share infrastructure for their metallurgical coal mines in Queensland Australia. Both have iron pellet businesses in Brazil....
...Besides diamonds, the London-based company managed to maintain its guidance across its other commodities such as copper, iron ore and steelmaking coal....
...By most metrics, 2023 was a year to forget for the largest package delivery company in the US....
...Latin American countries have not had new coal power plant construction starts since 2016 and for countries in the OECD, Europe, or the Middle East, no construction has started in the past five years....
...BHP said that Anglo American’s other operations outside copper, iron ore and metallurgical coal — such as the De Beers business — would be “subject to a strategic review post-completion”....
...“What we remember is that it dumped coal and then created a small company called South32, which is now marginal,” Mantashe warned....
...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....
...About two-thirds of American companies are incorporated in Delaware, attracted to the small, mid-Atlantic state by its sophisticated legal system....
...The company sued the US government in 2020 when then-President Donald Trump issued an executive order to block the app from operating in the country, and gave ByteDance 90 days to divest from its American...
...“While we don’t like increasing fees, it’s one step we are taking to return our company back to profitability and cover the increased costs of transporting bags.”...
...The Trump administration previously tried to ban TikTok, but the company blocked the move in the courts....
...The resilience of the Dollar Tree chain allowed the company to trade at a premium to Dollar General throughout much of 2023....
...to turn ‘coal into gold’ On X, follow Oliver Roeder (@ollie) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more....
...“[PBMs] are acutely aware of their situation: everybody in the world hates them and they are looking for friends,” said Douglas Holtz-Eakin, president of the American Action Forum, a right-leaning think-tank...
...“This legislation is a clear violation of the First Amendment rights of TikTok’s 170mn American users,” he said in a memo to staff, according to people who saw it. “We’ll continue to fight.”...
...Quick links BHP has made a $39bn bid for Anglo American. Aside from securing copper tonnes on the cheap, Lex can’t see many benefits....
...A Biden campaign official said the app — which has been downloaded by 170mn Americans, more than half the population — was one of the ways the president would ensure his message was being received by young...
...In 2022, the green financing ratio for North American banks averaged 0.6, according to Bloomberg New Energy Finance (BNEF)....
...Thanks to a strong run in coal prices in 2021 and early 2022, companies that pared back their exposure — see BHP’s and Anglo American’s 2021 sale of the Cerrejón mine to Glencore — experienced the regret...
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