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Anglo-Teck $53B merger may topple Escondida as copper leader
MINING.COM· 2025-09-12 17:05
Core Viewpoint - The proposed $53 billion merger between Anglo American and Teck Resources could create the world's largest copper mine by the early 2030s, surpassing BHP's Escondida in Chile [1][2]. Group 1: Merger Details - The merger focuses on integrating Teck's Quebrada Blanca (QB) mine with Anglo's Collahuasi operation, potentially generating about one million tonnes of copper annually [2]. - A 15-kilometre conveyor is planned to link Collahuasi's high-grade ore to QB's processing facilities, expected to add 175,000 tonnes of copper per year from 2030 to 2049 [3]. Group 2: Production and Financial Projections - If the merger is completed, the combined entity would rank among the top five copper producers globally, with an output of 1.35 million tonnes per year, compared to Escondida's projected 1.28 million tonnes in 2024 [4]. - The companies anticipate $800 million in annual pretax synergies and up to $1.4 billion in additional EBITDA gains from shared procurement and operational efficiencies [4]. Group 3: Operational Challenges - Execution risks are significant, as Teck's QB mine has faced cost overruns, pit instability, and other operational issues, while Anglo does not fully control Collahuasi [5]. - Analysts emphasize that operational improvements at QB are essential before the combined complex can effectively compete with Escondida [6].
COPX: Understanding The Structure And Suitability Of This Mining ETF
Seeking Alpha· 2025-09-12 16:34
The Global X Copper Miners ETF (NYSEARCA:COPX) is an exchange-traded fund from Global X that is designed to provide investors with an easy way to track the performance of the Solactive Global Copper Miners Total Return Index. We will discuss the composition of this index in just a moment, but in short, it tracks the common equity performance of companies that are involved in the mining of copper, which is one of the more commonly used metals in several industries. Copper And The Economy Copper is one of the ...
7月智利主要铜矿实现产量增长
Shang Wu Bu Wang Zhan· 2025-09-12 16:33
Group 1 - In July, Chile's major copper producers reported an increase in output, with Codelco's production rising by 6.4% year-on-year to 118,500 tons [1] - Codelco's cumulative production for the first seven months reached 807,200 tons, reflecting a year-on-year growth of 9.2% [1] - The Escondida mine, operated by BHP, produced 114,800 tons in July, marking a year-on-year increase of 7.8%, with a cumulative output of 794,900 tons for the first seven months, up 10.3% compared to the same period in 2024 [1] Group 2 - The Collahuasi mine reported a production of only 34,200 tons in July, representing a significant year-on-year decline of 27.2% [1] - Cumulative production for Collahuasi in the first seven months was 223,700 tons, down 32.4% year-on-year [1]
BHP Group Limited (BHP) Prices $1.5 Billion Senior Unsecured Bond Offering in the U.S. Market Through BHP Billiton Finance (USA) Limited
Yahoo Finance· 2025-09-12 15:01
Group 1 - BHP Group Limited has priced a $1.5 billion senior unsecured bond offering in the U.S. market, which includes $500 million in 10-year bonds at a 5.000% fixed coupon maturing in 2036 and $1 billion in 30-year bonds at 5.750% maturing in 2055 [2][3] - The proceeds from the bond offering will be used to fund the company's general corporate operations, with settlement expected on September 5, 2025, pending customary closing conditions [3] - BHP Group Limited is recognized as one of the largest natural resources companies globally, focusing on the mining of various minerals including copper, iron ore, coal, gold, uranium, nickel, silver, zinc, lead, cobalt, and molybdenum [4]
Anglo Teck: A New Copper Empire Is Quietly Taking Shape - Anglo American (OTC:NGLOY), Anglo American (OTC:AAUKF), BHP Group (NYSE:BHP), Teck Resources (NYSE:TECK)
Benzinga· 2025-09-11 18:39
Anglo American Plc's NGLOY AAUKF bold tie-up with Teck Resources Ltd TECK is shaping up to be more than just another mining merger—it's a copper power play that could redraw the global commodities map. JPMorgan analyst Dominic O’Kane noted that the combined Anglo-Teck will be built on a base where copper already makes up about 66% of EBITDA. That figure could jump to 72%.Track TECK stock here.Read Also: Anglo American, Teck Resources Strike $53 Billion Merger To Form Global Critical Minerals GiantSynergies ...
必和必拓(BHP.US)重心转向内生增长 或无意介入英美资源与泰克资源(TECK.US)合并案
Zhi Tong Cai Jing· 2025-09-10 09:32
投资者及银行人士周三表示,全球顶级矿业公司必和必拓(BHP.US)正处于管理层变动期,当前核心战 略为扩充自有铜矿资产,因此不太可能中途介入英美资源与泰克资源(TECK.US)规模达530亿美元的合 并计划。 周二,伦敦上市的英美资源与加拿大泰克资源宣布合并事宜。此次交易将缔造一家以铜矿为核心业务的 全新全球矿业巨头,同时成为全球矿业史上规模第二大的并购案。 过去一年间,必和必拓采取了另一种策略:斥资20亿美元与加拿大伦丁矿业(Lundin)合作,共同持有阿 根廷两个铜矿项目的股权,其中包括Josemaria铜矿——该矿的开采年限于上月被延长了六年。与此同 时,必和必拓正全力提升智利顶级铜矿Escondida的产量。 对于是否会搅局英美资源与泰克资源的合并交易,必和必拓未予置评,但援引了公司首席执行官近期的 表态:并购仅是增长的诸多杠杆之一。 而就在一年多前,必和必拓曾提出以490亿美元收购英美资源,试图通过这一大型并购案增强其在铜矿 领域的储备——铜被视为能源转型进程中不可或缺的关键金属,但该收购提案最终未能成行。 管理层更迭可能是必和必拓推进大型并购的另一大障碍。今年3月,Ross McEwan接替执掌公 ...
BHP seen as unlikely to pounce on Anglo or Teck as it eyes organic growth
Yahoo Finance· 2025-09-10 07:17
By Melanie Burton MELBOURNE (Reuters) -Top global miner BHP's focus on expanding its own copper assets while it undergoes leadership change means it is unlikely to gatecrash the planned $53 billion tie-up of Anglo American and Teck Resources, investors and bankers said on Wednesday. London-listed Anglo American and Canada's Teck Resources announced a merger on Tuesday, marking the sector's second-biggest tie-up ever, to forge a new global copper-focused heavyweight. The deal came just over a year after ...
BHP Xplor 开放 2026 届项目申请,提供非股权融资与全球支持
Globenewswire· 2025-09-10 03:31
墨尔本,澳大利亚, Sept. 10, 2025 (GLOBE NEWSWIRE) -- BHP Xplor 是一项旨在变革关键矿产勘探的加速器项目,为期九个月,现已正式开放 2026 届申请。 继 2023、2024 和 2025 届项目取得成功后,BHP Xplor 现为初级勘探公司开放下一期申请通道。 该项目寻求雄心勃勃的团体和人才,申请者应致力于发掘关键矿产新来源,助力打造可持续未来。 BHP Xplor 项目旨在强化参与者的勘探机会,同时促进其与 BHP 建立长期合作关系。 参与者将获得最高 50 万美元的非股权资金和专家指导,并有机会接入 BHP 的全球供应商及服务提供商网络。 BHP 集团勘探官 Tim O’Connor 表示:“对于希望加快扩大规模、大胆突破边界的初级勘探公司而言,Xplor 已迅速成为其公认的发展途径。 该项目不仅能够为其提供资金,还将提供专业知识、各类网络和深度技术,均能彻底改变一家公司的发展轨迹。 随着全球对关键矿产的需求不断加码,大型矿企与初级勘探公司之间建立强有力的合作伙伴关系至关重要。 Xplor 的意义远超一般加速勘探项目,它更在于塑造一种新的合作方式,以解锁未来 ...
Anglo Has Put Itself in Play With Teck Offer, Canaccord Says
MINT· 2025-09-09 20:01
(Bloomberg) -- Anglo American Plc is just as vulnerable to a rival takeover offer as Teck Resources Ltd., after the two announced one of the biggest-ever corporate mining combinations on Tuesday, according to an analyst. “It’s not just Teck that’s in play, though. My view is that Anglo American’s in play as well,” Dalton Baretto, a metals and mining equity analyst at Canaccord Genuity Group Inc., said on BNN Bloomberg Television after the companies unveiled a proposed deal that would create a mining giant ...
BHP settles Australian Samarco shareholder class action for $72m
Yahoo Finance· 2025-09-09 09:24
BHP has reached a settlement agreement to resolve the Australian Samarco shareholder class action, which is pending approval by the Federal Court of Australia. The lawsuit was initiated on behalf of investors who purchased BHP shares before the 2015 Fundão tailings dam collapse. The class action was filed in the Federal Court of Australia in 2018, representing individuals who acquired shares in BHP Group Limited or BHP Group (UK) between 8 August 2012 and 9 November 2015. Samarco Mineração, the joint ve ...