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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....
...The country’s decision to phase out nuclear energy and coal and switch to renewables was placing businesses in Europe’s largest economy at a disadvantage to those in other industrialised nations, he said...
...Last year, it closed its flagship Asia V buyout fund after raising $7.1bn, eclipsing its targets....
...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....
...its De Beers diamonds unit, platinum metals and metallurgical coal....
...“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...
...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....
...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....
...However, Britain’s Department for Culture, Media and Sport has placed a temporary export bar on the carving and given the V&A until June 14 to raise £2mn so it can match the price paid by the American institution...
...By most metrics, 2023 was a year to forget for the largest package delivery company in the US....
...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....
...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...
...Eskom has imposed rolling blackouts because of constant breakdowns at its coal power stations....
...The company’s UK operations have been losing about £1.5mn a day. T V Narendran, Tata Steel’s chief executive, told the Financial Times the status quo was “not sustainable”....
...For one thing, management seems to have traded English understatement for American optimism....
...T V Narendran, the Tata Steel chief executive, said last week he did not rule out such a plant, if conditions were right....
...Anglo American has rejected an unsolicited £31bn offer from larger rival BHP, saying the proposal “significantly undervalues” the company and would be “highly unattractive” to its shareholders....
...The AIIB is also in discussions with the Asian Development Bank and Inter-American Development Bank about similar projects, AIIB president Jin Liqun told the Financial Times....
...While production across the company’s suite of commodities, which also includes steelmaking coal, copper and nickel, is set to rise 3 per cent in 2023, the actions will drag production down 4 per cent next...
...It is building a facility in Penang, but some US lawmakers already want to restrict American companies from collaborating on RISC-V projects....
...The same person said the TTC has been quite successful on the tech front, pointing to an AI code of conduct that was later adopted by the G7 and transparency over the supply of chips, which has prevented companies...
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