Key Takeaways Anglo American said Wednesday it will not give BHP Group another extension to the negotiation deadline after rejecting BHP's latest takeover offer one week ago. Since last month, Anglo has rejected three offers from BHP, with the latest valuing the mining giant at roughly $50 billion. Anglo announced plans to spin off multiple subsidiaries after rejecting the second offer earlier this month. Takeover talks between two of the world's largest mining companies appear to be over for now as Anglo A ...

LONDON — BHP Group on Wednesday said it believes an extension to talks with takeover target Anglo American is necessary, as the deadline for discussions looms later in the session. The Australian miner said in a statement that it had proposed a number of "socioeconomic measures" to address concerns over its bid, but added that more time was needed to discussions. The offer values the company at £38.6 billion ($49.2 billion), according to previous Reuters calculations. The rival miners had until 5 p.m. Londo ...

The two companies will work with manufacturers Caterpillar and Komatsu to conduct independent trials of their battery-electric haul trucks, including testing of battery, static and dynamic charging systems, to assess performance and productivity in the Pilbara environment. The collaboration reflects the individual commitments made by BHP, Rio Tinto, Caterpillar and Komatsu to support BHP's and Rio Tinto's shared ambition of net zero operational greenhouse gas emissions by 2050. As part of the collaboration, ...

PERTH, Australia, May 28, 2024 (GLOBE NEWSWIRE) -- In an industry first, BHP and Rio Tinto will collaborate on the testing of large battery-electric haul truck technology in the Pilbara, Western Australia, to accelerate the potential for its future deployment. The two companies will work with manufacturers Caterpillar and Komatsu to conduct independent trials of their battery-electric haul trucks, including testing of battery, static and dynamic charging systems, to assess performance and productivity in th ...

GENT, Belgium, May 22, 2024 (GLOBE NEWSWIRE) -- ArcelorMittal and partners Mitsubishi Heavy Industries, Ltd. (MHI), BHP, along with Mitsubishi Development Pty Ltd (Mitsubishi Development) have successfully started operating a pilot carbon capture unit on the blast furnace off-gas at ArcelorMittal Gent in Belgium. The pilot carbon capture unit will operate for one to two years at Gent, to test the feasibility of progress to full- scale deployment of the technology, which would be able to capture a sizeable p ...

Copper prices have surged past the $9,000 per ton mark. This highlights the solid demand for electric vehicles (EVs), data centers and renewable energy solutions. This rally underscores the importance of identifying the right copper stocks to buy. With no substitute for copper in these technologies, its importance is only set to increase. Global economies are shifting toward cleaner energy sources and high-tech manufacturing. This is particularly evident in China, where the government is prioritizing growth ...

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Silver prices are soaring in 2024, making it a prime time to consider which silver stocks to buy. Propelled by a combination of factors, including safe-haven demand due to escalating geopolitical tensions, expectations of U.S. interest rate cuts, speculative buying and a surge in industrial metals, silver price is up 15% year-to-date.The commodities sector, particularly metals, is experiencing notable gains in the second quarter due to significant re-rating that is occurring in the prices of gold, silver an ...

SASKATOON, Saskatchewan, April 25, 2024 (GLOBE NEWSWIRE) -- BHP and Carlton Trail College are pleased to announce that they have signed a Memorandum of Understanding (MOU) to enhance educational and training opportunities for the mining industry in Saskatchewan. BHP and Carlton Trail College have worked together for several years, partnering to deliver pre-apprenticeship and related industry training. The signing of this MOU is an exciting next step that advances the partnership and mining training opportun ...

ToplineAustralian mining giant BHP Group on Thursday made a nearly $40 billion offer to acquire its U.K.-based rival Anglo American, a deal that could create the world’s largest copper mining company if the deal goes through.File Photo: Anglo American said it has received BHP's offer and it is being reviewed by its board of ... [+] directors.© 2024 Bloomberg Finance LP Key FactsThe BHP Group’s proposal is an all-share offer that values Anglo American at around $38.9 billion (£31.1 billion) Bloomberg reporte ...