Latest News for: Iron ore deal

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Another FTSE 100 takeover approach. But I’m saying ‘no’!

The Motley Fool 01 May 2024
The press release didn’t contain any numbers but it did explain that the deal would require shares in its unlisted platinum and iron ore businesses to be given to existing shareholders ... It said the deal valued the target at £31.1bn ... I’m one of them ... .
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Anglo American to meet top shareholders on BHP bid

Business Day 30 Apr 2024
... is among the assets BHP has said it would review after completion of any deal. Last week’s bid included a spin-out of Anglo’s iron ore and platinum assets in SA, where BHP has no activities. .
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STUART THEOBALD: What happens next in the Anglo-BHP bid could be high drama

Business Day 29 Apr 2024
Anglo must unbundle its shares in Kumba Iron Ore (it holds 69.7%) and its 79.2% of Anglo American Platinum (Amplats) as part of the deal, leaving a rather short list of SA assets going to BHP (De Beers’ SA interests and 40% of Samancor).
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LETTER: Uncomfortable truths in BHP merger proposal

Business Day 28 Apr 2024
Should Anglo American end up moving forward with the deal it will need to split off its SA platinum and iron ore units, since BHP’s offer is contingent on this ... Should the deal be completed BHP will become the world’s top copper producer.
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BHP set to spin off Anglo’s South African platinum and iron mines

The Times/The Sunday Times 26 Apr 2024
BHP is set to spin off Anglo American’s platinum and iron ore mining businesses as part of a deal that could prove controversial in South Africa ... Kumba, the iron ore unit, has its headquarters in ...
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Anglo American snubs 'opportunistic' £31bn BHP bid

This is Money 26 Apr 2024
The deal would have forced Anglo to demerge both its platinum business and its Kumba Iron Ore unit, a proposal the group said is ‘highly unattractive’ for its shareholders ‘given the uncertaincomplexity’ and ‘significant execution risks’ involved.
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Mining giant rejects potential £31bn takeover bid

The Business Desk 26 Apr 2024
BHP’s potential bid comprised an all-share offer, with a requirement for Anglo American to complete two separate demergers of its entire shareholdings in Anglo American Platinum Ltd and Kumba Iron Ore Ltd to Anglo American shareholders.
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Anglo American snubs

The Daily Mail 26 Apr 2024
The deal would have forced Anglo to demerge both its platinum business and its Kumba Iron Ore unit, a proposal the group said is ‘highly unattractive’ for its shareholders ‘given the uncertain…complexity’ and ‘significant execution risks’ involved.
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BHP Group makes takeover offer for Anglo American valued at US$39 billion

North Shore News 25 Apr 2024
BHP says the combined company would have a portfolio of large, low-cost assets focused on iron ore and metallurgical coal as well as potash and copper ... and Kumba Iron Ore Ltd ...
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Anglo American shares soar on £31bn takeover approach from BHP

AOL 25 Apr 2024
Under the potential deal, BHP said it would offer £25.08 a share, including £4.86 a share in Anglo Platinum stock and £3.40 in Kumba Iron Ore company shares.
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Mining giant BHP launches bid to takeover rival Anglo American

Independent online (SA) 25 Apr 2024
BHP's offer would first hinge on Anglo American splitting off its platinum and iron ore operations in South Africa ... $3.17bn over the fatal collapse of the Samarco iron ore tailings dam in Brazil.
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Mining giant BHP Billiton makes $39 billion bid for Anglo American to expand copper operations

Fox31 Denver 25 Apr 2024
Anglo, which has big copper plants in Chile and Peru, said that under the deal being proposed by BHP, it would have to spin off two units — its platinum arm, Anglo American Platinum, and Kumba Iron Ore, which are both listed in South Africa.
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Anglo-American will not vanish without a fight, says ALEX BRUMMER

The Daily Mail 25 Apr 2024
The complex BHP deal is also dependent on the separate distribution to existing shareholders of holdings in two publicly quoted South African entities Anglo American Platinum and Kumba Iron Ore ... £1.50 fund dealing ... Free fund dealing. Free fund dealing.
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Caixin China Biz Roundup: Huawei Takes on iOS and Android

Caixin Online 04 Apr 2024
... in $8.3 Billion Deal. Iron Ore Sinks to 10-Month Low on Gloom Over China Construction.
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Lessons learned: Certain soils can liquefy under certain conditions

SAFETY4SEA 02 Apr 2024
Lessons learned While liquefaction or dynamic separation has been observed as a key safety issue when dealing with such cargoes as iron ore fines or nickel ore, soil has escaped this attention, ...
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