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Smelter

Australian giant’s desperate bid to ruin a $92 billion deal

It was worth it for BHP chief Mike Henry to have one last throw of the dice.

  • Stephen Bartholomeusz

Latest

Nationals leader David Littleproud.

Littleproud calls for coal royalties to go as miners cut jobs

The Nationals leader called on his party colleagues in the Queensland state branch to ditch the coal excise.

  • James Hall
Everyone wants copper. So who of the mining sector’s heavyweights will attempt to nix Anglo and Teck’s deal?

The copper wars are here: Mega merger could trigger battle of the mining giants

Anglo American and Canada’s Teck have agreed to create one of the world’s larger copper companies. Will BHP and Rio Tinto be content to watch from the sidelines?

  • Stephen Bartholomeusz
Diamonds in Botswana.

Lovers are turning to lab-grown diamond rings in record numbers. It’s left this country reeling

The increasing popularity of lab-grown gems is creating the biggest disruption in the diamond market since early last century.

  • Mbongeni Mguni and Matthew Hill
A weakening iron ore price has pushed the Australian sharemarket down on Monday.

BHP walks after Anglo breaks off the engagement – but never say never

Anglo American’s refusal to engage with BHP forced the world’s largest miner to abandon its $74 billion mega-deal.

  • Stephen Bartholomeusz
A key sticking point to any deal is BHP’s complicated transaction structure.

BHP walks away from $75b takeover bid after Anglo rejects push for more talks

BHP has abandoned its six-week pursuit of rival Anglo American after a plea to extend takeover talks was turned down.

  • Simon Johanson
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Having been cold-shouldered by Anglo American for weeks, BHP has finally got its board to sit down and engage with its offer.

BHP’s expensive date with the Anglo directors

The Anglo American board has finally agreed to let BHP put forward the case for its now $74 billion takeover plan after the Australian mining giant upped its offer for the second time.

  • Stephen Bartholomeusz
Anglo American’s Los Bronces copper mine in central Chile would be an important part of any acquisition deal.

Anglo rejects BHP’s $74 billion third offer, but leaves door open for deal

BHP has gained a one-week extension to come up with an improved and binding takeover offer for Anglo American after its rival rejected its latest bid.

  • Simon Johanson
BHP’s prospects for a successful takeover are fading fast.

Clock ticking for BHP as $64 billion bid deadline looms

The resources giant has until 2am on Thursday morning, Australian time, to increase its bid for rival miner Anglo American, issue a formal binding offer, or walk away.

  • Simon Johanson
Ken MacKenzie chairman of BHP at the AGM.

Remaking BHP: the chairman and the $64 billion deal

Ken MacKenzie likely has just over two years left as BHP’s chair. A mega-deal with Anglo American would shape the legacy he leaves at the Big Australian.

  • Anne Hyland