The BHP Group, which has reported a 2% rise in its annual underlying profit, will be concentrating on bolstering its copper business through ongoing and future projects. In spite of losing the $49 billion bid for Anglo American, the Australian multinational mining company is ramping up its efforts to increase its footprint in South Australia, … Read more
Mining behemoth BHP on Wednesday sought a deadline extension in its takeover pursuit of Anglo American, outlining a suite of measures to soothe shareholder concerns that have derailed previous offers. A core part of BHP’s plan is splitting off Anglo’s platinum holdings in South Africa, a politically sensitive move that has stirred government opposition ahead … Read more
The South African roots of British mining giant Anglo American, which on Monday rejected an improved takeover offer from its Australian rival BHP, could hinder any future bids. BHP’s offer, which proposed Anglo American hiving off its platinum and iron ore production activities in South Africa, has caused a stir in the country just before … Read more
