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Felix Njini

FILE PHOTO: A general view of Anglo American's Quellaveco copper mine in Peru, obtained by Reuters on April 26, 2024. Anglo American/Handout via REUTERS/File Photo
AnalysisCritical MineralsMineralsMiningNews

Lure of Anglo’s copper mines could test BHP’s spending resolve

Miners are shifting their focus to metals needed for the transition to cleaner energy — and copper is one of the most important.

FILE PHOTO: A general view of molten copper at Anglo American's smelter in Chagres, Chile, obtained by Reuters on April 26, 2024. Anglo American/Handout via REUTERS/File Photo
AnalysisBusinessCritical MineralsEconomyMining

Can Anglo’s copper pivot help thwart renewed takeover bid?

Anglo American’s shift to copper could decide its fate: independence or a renewed BHP bid when the six-month block ends.

FILE PHOTO: Sheets of copper cathode are pictured at BHP Billiton's Escondida, the world's biggest copper mine, in Antofagasta, Chile March 31, 2008.  REUTERS/Ivan Alvarado/File Photo
AnalysisBusinessCritical MineralsIn-DepthMineralsMining

Mining industry struggles with valuation gap amid shift to copper

Miners including Rio Tinto, BHP Group and Glencore are watching rival copper producers gradually grow beyond their reach.

FILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company's headquarters in the Swiss town of Baar November 20, 2012. REUTERS/Arnd Wiegmann/File Photo
BusinessCoalNews

Glencore to keep coal assets and stick with London listing

Majority of investors back Glencore's coal business after purchase of Teck Resources' assets and high prices forecast for fossil fuels.

FILE PHOTO: Logo of Anglo American is seen on a jacket of an employee of the Los Bronces copper mine, in the outskirts of Santiago, Chile March 14, 2019. REUTERS/Rodrigo Garrido/File Photo
AnalysisBusinessElectionsIn-DepthMineralsMiningPolitics

How a rattled South Africa became Anglo’s best defence against BHP bid

More than half a dozen people, including investors and ex-mining executives, told Reuters that Anglo American was able to rebuff BHP's approaches because...

FILE PHOTO: A general view of Anglo American's Los Bronces copper plant in Chile, obtained by Reuters on April 26, 2024.  Anglo American/Handout via REUTERS/File Photo
BusinessCritical MineralsMineralsMiningNews

BHP and Anglo dig in even as takeover talks deadline nears, sources say

BHP was struggling to find common ground with Anglo American on Tuesday in talks over its takeover offer, with no new concessions as...

FILE PHOTO: A general view of molten copper at Anglo American's smelter in Chagres, Chile, obtained by Reuters on April 26, 2024. Anglo American/Handout via REUTERS/File Photo
AnalysisBusinessIn-DepthMineralsMining

Analysis: Battle for Anglo’s copper assets tests BHP’s resolve

BHP's resolve will be tested by Anglo American investors' demands for a simpler offer for the whole company or a cash sweetener

FILE PHOTO: FILE PHOTO: The Anglo American logo is seen in Rusternburg October 5, 2015. Picture taken October 5, 2015.  REUTERS/Siphiwe Sibeko//File Photo
BusinessMineralsMiningNews

Anglo American rejects £29.34 per share proposal from BHP

Anglo rejects BHP's third offer in a month as world's largest mining group continues takeover plans.

The logo of commodities trader Glencore is pictured in front of the company's headquarters in Baar, Switzerland, July 18, 2017.  REUTERS/Arnd Wiegmann/File photo
BusinessCritical MineralsElectric Vehicles (EVs)FinanceMineralsMiningNews

Glencore studying an approach for Anglo American, sources say

Anglo American is attractive to its competitors for its prized copper assets in Chile and Peru, a metal used in everything from electric...

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