Mark Warner’s Post

BHP, the world’s biggest miner, and Canada’s Lundin have agreed to acquire South American copper miner Filo in a $3bn deal, in the latest sign of consolidation in the global mining sector. BHP has been on the hunt for copper assets after it walked away from a £39bn offer for Anglo American in May. That takeover attempt was primarily driven by the Australian company’s desire to acquire the London-listed miner’s copper assets in South America as the metal’s price boomed. The Filo deal means BHP and Lundin will take full control of the Filo del Sol prospect, which straddles the Argentine and Chilean border near the copper-rich Atacama Desert.  #copper #drilling #discoveries #Chile #greatplacetowork #chileanos #greatpeople Culpeo Minerals $CPO Max Tuesley Sergio Uribe Valdés Ruben Angel Cahuana Ari William Henry Quispe Garcia Paul Schmiede Susan Kerr Rob Hallam Jesse D'Sylva George BouAntoun Kaiden Gilbert

**BHP walks away from proposed $49bn takeover of Anglo American** - BHP's primary interest in targeting Anglo American was its #copper mines, aiming to secure a leading position in the growing #battery metals market and achieve about 10% of global copper production. - A successful deal would have made BHP the world's largest copper producer, significantly boosting its presence in top copper-producing countries, Chile and Peru, and reshaping the mining industry. - Anglo American plans to retain its copper and iron ore assets while reducing investments in its #Woodsmith fertilizer project, seeking strategic investors for full-scale operations by 2026. - #BHP made concessions to #Anglo, including maintaining Anglo's Johannesburg office, listing BHP shares in South Africa, and supporting increased South African employee ownership, with all measures upheld for at least three years post-takeover. #mining #mineralexploration #mineralprocessing https://lnkd.in/g_v9qms6

Race for copper, BHP vs Rio Tinto on Anglo American acquisition With a 30% stake in Escondida and Mongolia’s Oyu Tolgoi under development, Rio Tinto is reportedly considering acquiring Anglo American to strengthen its position in the market. The demand for critical metals continues to be a primary factor in strategic decision-making. We're in the age of metals, where mining plays a pivotal role in the global economy and shaping its direction. Additionally, Rio Tinto's extensive experience in diamonds adds an intriguing dimension. It could potentially bring a fresh perspective to Anglo American's management, which might lead to positive outcomes. #mining #responsiblemining

Is BHP gearing up for a renewed bid for Anglo American? ⛏️ BHP CEO Mike Henry’s recent visit to South Africa has reignited speculation around a potential renewed bid for Anglo American. With Anglo's ongoing restructuring and BHP’s focus on expanding its copper assets, this deal could reshape the global mining landscape. The question remains—can BHP navigate South Africa’s political landscape and win over key shareholders like the Public Investment Corporation? 🔗Read more: https://ow.ly/yhmM50TTbvO #BHP #AngloAmerican #MiningNews #GlobalMining #MMTmagazine

🇦🇺 🇬🇧 1. "Why Anglo rejected BHP’s third takeover offer" ⛏ 2. "Anglo American rejects third BHP takeover bid, leaving Queensland coal miners in limbo" Anglo American has rejected another takeover offer from BHP, marking the Big Australian’s third attempt at acquiring the company. The latest offer, put forward on May 20, valued each Anglo share at 0.8860 BHP shares, up from the 0.8132 BHP shares proposed on May 13 and 0.7097 BHP shares proposed on April 25..... 👉 1st Article: https://lnkd.in/eiEtkdPd "Anglo American rejects third BHP takeover bid, leaving Queensland coal miners in limbo" 👉 2nd Article: https://lnkd.in/eG5nbYm3 🌍 TA RawMaterials: https://lnkd.in/d_Np2KpZ (supported by EIT RawMaterials) #copper #coal #bhp #criticalminerals #ironore #angloamerican #mining #queensland

BREAKING M&A DEAL: BHP proposes £31bn takeover of Anglo American in mining mega-deal ⛏ London-listed miner Anglo American, said on Thursday it had received an all-share buyout proposal from BHP Group, a deal that would create the world's biggest copper miner churning out around 10% of global output. BHP said its offer valued each Anglo share at £25.08. Anglo shares rose 13% to £24.89 in early trading in London. The deal, if agreed, would give BHP access to more copper, one of the most sought-after metals for the clean energy transition, and potash, which are its key strategic commodities, as well as more coking coal in Australia. Jefferies analysts said it could take a premium of around 28% above Anglo's most recent share price to get the deal across the line, adding the increased copper market concentration could raise antitrust concerns. If the deal is completed, it would likely be among the 10 biggest-ever mining deals by value and has the potential to delist Anglo from the London market. Sources: Reuters / Guardian #Mining #Commodities #MergersandAcquisitions #Deals

Highland Gold plans series of restructurings under presidential decree Earlier, Russian President Vladimir Putin signed a special order that authorizes a transaction to acquire 100% of the shares of the international company Highland Gold, owned by Highland Gold Mining Limited MOSCOW/ Highland Gold group planned a number of intra-group restructurings that fall under the regulation of the decree of the Russian President, the company’s press service told TASS. "The group was planning a number of intra-group restructurings under the regulation of Presidential Decree No. 520," the press service said, answering a question about why the company needed the president’s permission to acquire 100% of the shares of the international company Highland Gold, owned by Highland Gold Mining Limited. Earlier, Russian President Vladimir Putin signed a special order that authorizes a transaction to acquire 100% of the shares of the international company Highland Gold, owned by Highland Gold Mining Limited. By decree of August 5, 2022, Putin banned a number of transactions relating to the participation of foreigners from unfriendly countries in Russian companies. The restriction applies to deals with securities of Russian companies owned by them, including the fuel and energy complex and production sharing agreements. Transactions are possible only with special permission. #business #finance #financialservices

Huge news from the copper world with BHP bidding $39b takeover with Anglo American!! BHP Group Ltd. proposed a takeover of Anglo American Plc that values the smaller miner at £31.1 billion ($38.8 billion), in a deal that would catapult the combined company’s copper production far beyond its rivals while sparking the biggest shakeup in the industry in over a decade. The world’s biggest mining company has proposed an all-share deal in which Anglo would first spin off its controlling stakes in South African platinum and iron ore companies to shareholders before being acquired by BHP. The total per-share value of the non-binding proposal is about £25.08, BHP said, which is a 14% premium to Anglo’s closing share price on Wednesday. https://lnkd.in/ejbg67BH

Big changes on the mining industry🚀 The recent bid from bhp to acquire Anglo American, along with Elliott Management's stake in Anglo shares, has initiated speculation about the future of the 107-year-old mining company. Anglo still holds valuable assets, specially in copper and high-grade iron ore, crucial for the green-energy transition. This makes us realise the commitment that large companies are currently making to energy efficiency, which we have been seeking for years. On the operational landscape, inefficiencies and distractions have obstructed Anglo's performance compared to competitors like bhp and Rio Tinto. Delays in project permits and rising costs have impacted its copper and iron ore production, rising a unique opportunity for competitors such as Antofagasta and Barrick Gold to earn a bigger share in the market. Despite rejecting bhp's initial bid, Anglo's market capitalization has surged, indicating market anticipation of a higher offer. A potential acquisition of Anglo could reshape the industry landscape. Source: https://lnkd.in/dUKCq7QF

𝗔𝗻𝗴𝗹𝗼 𝗔𝗺𝗲𝗿𝗶𝗰𝗮𝗻 𝗰𝗼𝗻𝘀𝗶𝗱𝗲𝗿𝘀 𝗯𝗶𝗱 𝗳𝗼𝗿 𝗥𝗶𝗼 𝗧𝗶𝗻𝘁𝗼 Anglo American, the foremost producer of #ironore and copper worldwide, is contemplating extending an offer to Rio Tinto, the global mining giant. Recently, Anglo American rebuffed a second acquisition proposal from BHP amounting to US$ 42.71 billion, which could have marked one of the largest mining transactions in recent memory. While Rio Tinto has entertained the idea of tendering an offer before, its leadership remains open to the possibility of a bid for the entire mining conglomerate. Concurrently, Glencore is assessing its potential for a takeover bid targeting Anglo. Refuting BHP's advances, Anglo American's board asserted that the offers substantially underestimate the company's value and its future trajectory. Gwede Mantashe, #SouthAfrica's mining minister, voiced opposition to the BHP takeover, citing the nation's less-than-favorable history with the mining corporation. Notably, the Public Investment Company, a South African government entity, holds a 7% stake in Anglo American. Presently, the #mining firm is devising a recovery strategy, which includes measures such as production curtailments to counteract declining prices and escalating expenses. https://lnkd.in/dVQUKNvE