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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 has made a takeover proposal for Anglo American in what would be one of the largest deals in years in the industry and would bring together the two global mining giants....
...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....
...BHP has proposed a £31bn takeover of Anglo American that would bring together two global mining companies and rank as one of the industry’s largest transactions in years....
...Anglo American, which owns 79.2 per cent of Amplats, has singled out platinum group metals (PGMs) as one of the two commodities in its portfolio, along with diamonds, that has been struggling, contributing...
...BHP has proposed buying rival Anglo American in a £31bn deal that provoked a backlash from the South African government and leading shareholders....
...The metal is heavily used in renewable energy projects and electric vehicles....
...These are a range of metals, including palladium and rhodium, that are used mainly in the car industry....
...He has also decried the way in which a strong dollar penalises American manufacturers abroad....
...American, Delta and JetBlue all cited rising industry costs as driving their decision. The airline industry is confronting inflation, higher fuel prices and higher labour costs....
...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....
...A version of this article was first published by Nikkei Asia on April 19 2024. ©2024 Nikkei Inc. All rights reserved....
...The problems across the dollar store sector are a reminder that lower income Americans are suffering disproportionately post-pandemic. pan.yuk@ft.com...
...Price’s comments came as the International Council of Mining and Metals, a trade group representing a third of the global industry, unveiled new commitments to protect nature and biodiversity in what it...
...London’s FTSE 100 slipped 0.3 per cent, pulled lower by declines for index heavyweights in the mining industry as base metal prices slipped....
...The outcome could have ramifications beyond the industry....
...Indonesia’s nickel industry has grown rapidly since 2019 as Jakarta has leveraged its vast reserves to build an electric vehicle ecosystem....
...BHP, Rio Tinto, Glencore, Anglo American and Vale have an average price to forward earnings ratio of 8.5 times versus 18.5 for the S&P 500, according to S&P Capital IQ and Refinitiv....
...The unsolicited bid sent shockwaves through the industry this week when it made a £31bn offer for the company....
...The closure of a giant mine in Panama and a severe downgrade in Anglo American’s forecasted copper production in recent weeks have contributed to removing 750,000 tonnes or 3 per cent of global supply next...
...Check out this cool Marimekko chart that Louis made showing the number of people employed and the share of the total industry employed by PE: The proportion of working Americans employed by private equity...
...“It’s the dollar losing utility as an asset to store trade surpluses,” says John Hathaway, managing partner of Sprott Inc, a Canadian asset manager specialising in metals....
...Shares of Lithium Americas leapt 12 per cent after the US government announced plans to loan $2.3bn to the company to develop its flagship lithium project in Nevada that will supply the electric car battery metal...
...Merchants are currently able to charge an extra fee for consumers who use American Express cards, but Visa and Mastercard have blocked sellers from doing so for their users....
...Hostmore was created after Electra Private Equity spun off the UK operations of the American-themed restaurant chain on to the London Stock Exchange in 2021....
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