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...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...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...
...“The LSE has a comparatively low appetite for mining investment and is no longer suitable as the company’s primary bourse,” he added....
...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....
...Copper faces a looming shortage and diamond prices are down, creating a ripe moment for the mining giant to try to take over one of its biggest rivals: Anglo American....
...[MUSIC PLAYING] The big mining company BHP wants to take over its rival Anglo American, and it’s offering £31bn to do it....
...BHP has proposed an all-share takeover of Anglo American in a deal that would reshape the mining industry and bolster the presence of the world’s largest mining company in copper, iron ore and fertilisers...
...Plus, a merger between mining giants BHP and Anglo American could get investors excited about the industry again....
...A banker in the mining sector said the complexity of the proposed deal, as well as the political and antitrust risk it posed, meant the share prices of both companies would remain volatile for some time....
...The world’s largest mining company has made a proposal for an all-share combination with the 107-year-old company, as it seeks to grow its portfolio of copper mines, a metal vital for the energy transition...
...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....
...The two companies could perhaps share infrastructure for their metallurgical coal mines in Queensland Australia. Both have iron pellet businesses in Brazil....
...As much as Anglo American maintains the metals it produces such as platinum and nickel are “critical in enabling . . . sustainable green solutions”, the mining sector has been feeling decidedly old economy...
...South Africa’s mining minister was campaigning in Rustenburg, the northern capital of the country’s platinum belt, when news broke of BHP’s £31bn proposal to take over Anglo American....
...Besides diamonds, the London-based company managed to maintain its guidance across its other commodities such as copper, iron ore and steelmaking coal....
...Anglo American’s largest shareholders have criticised BHP’s £31bn proposal to take over its London-listed rival as an “opportunistic” bid that substantially undervalues the company....
...We start today with a proposed deal that could bring together two of the world’s largest mining companies....
...Anglo-American’s De Beers, along with Russia’s Alrosa, control two-thirds of the rough diamond supply. DeBeers this week said its rough sales dropped 23 per cent in the first quarter....
...BHP has proposed buying rival Anglo American in a £31bn deal that provoked a backlash from the South African government and leading shareholders....
...Big share price moves in Europe today include British mining giant Anglo American, London-based bank Barclays and Amsterdam-listed payment company Adyen....
...It hosts primary listings for industry giants Rio Tinto, Glencore and Anglo American, as well as Chilean copper producer Antofagasta and Endeavour Mining, which operates gold mines in west Africa....
...The UK’s blue-chip index climbed 0.6 per cent, boosted by a more than 13 per cent jump for mining company Anglo American after BHP proposed a £31bn takeover....
...The company also cut the dividend to $0.96 per share for a total of $1.2bn for 2023 — a 52 per cent fall on the year....
...Mining companies have been battling surging cost inflation for key inputs such as diesel and explosives....
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