Today
Dual-listed uranium miner NexGen Energy in $200m raise
The Canadian miner had its brokers warming up fund managers for a $200 million equity placement on Tuesday evening, Street Talk understands.
- Sarah Thompson, Kanika Sood and Emma Rapaport
IGO says criticism unfair after talk of ‘incredibly opportunistic’ deal
West Australian lithium and nickel miner stands by its ties with Chinese partner Tianqi after the latter ordered a huge shipment this week at a “favourable” price.
- Brad Thompson
Ioneer taps Goldman Sachs for $38m raise; US funds to cornerstone
Terms sent to fund managers say Ioneer would offer shares at 18¢ apiece, the same as its last traded price.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Metro Mining chases $44m to restructure its debt
The deal was priced at 4.1¢ a share which represents an 11 per cent discount to the last close.
- Sarah Thompson, Kanika Sood and Emma Rapaport
BHP, Vale offer $38b to settle Samarco dam disaster claims
The two mining giants have made a fresh proposal to try and finalise their protracted compensation talks with the Brazilian authorities over the 2015 disaster.
- Hans van Leeuwen
Yesterday
BHP goes big game hunting on the African savannah
BHP and Anglo American are undisputed industrial champions in their home countries. The vast gap between them says a lot about Australia and South Africa.
- Peter Ker
BHP investors fear costly second tilt at Anglo American
Shares in BHP have dropped 5.2 per cent since it made the $60 billion bid for Anglo-American that was swiftly rejected last week.
- Elouise Fowler
Nickel miner axes 530 jobs as pressure builds for budget bailout
Resources Minister Madeleine King says government alone cannot solve nickel industry woes as job losses near 2000 since December.
- Brad Thompson
Japan Inc backing for nickel mine puts BHP bailout in doubt
Sumitomo and Mitsubishi have agreed to back Ardea Resources and its $3.1 billion nickel laterite and cobalt project, about 80 kilometres from Kalgoorlie and BHP’s ageing nickel smelter.
- Brad Thompson
West African gold play Turaco Gold launches $16m raise
Street Talk understands the $108 million company has called in lead manager and bookrunner Argonaut to round up fresh funds for its West African operations.
- Sarah Thompson, Kanika Sood and Emma Rapaport
This Month
Wayne Swan’s ASX sand crusade starts to crystallise
The former treasurer’s public support for local solar panel subsidies comes as he tries to consolidate the sand industry.
- Updated
- Mark Di Stefano
Anglo to run investor gauntlet after rejecting BHP’s $60b bid
The market is tipping BHP can come back with a higher offer, as it moves to acquire more copper assets. But first, Anglo American will face its own shareholders.
- Joshua Peach and Liam Walsh
BHP’s $60 billion copper play was years in the making
How chief executive Mike Henry has been methodically hunting a big deal for years.
- Thomas Biesheuvel, Dinesh Nair and Paul-Alain Hunt
BHP’s bid for Anglo casts cloud over $9b mine
BHP’s takeover proposal of rival Anglo American is throwing uncertainty over the future for Anglo’s massive fertiliser mine in England.
- Jack Ryan
Activist Elliott builds $1b Anglo American stake
The hedge fund led by Paul Singer has built a billion dollar stake in BHP target Anglo American, placing it among its 10 biggest shareholders.
- Crystal Tse, Dinesh Nair and Swetha Gopinath
- Opinion
- Chanticleer
Anglo’s predictable rejection won’t end BHP’s ambitions
BHP won’t be put off the scent by Anglo American’s rejection of its $60 billion takeover. There’s too much at stake.
- James Thomson
Anglo American rejects BHP’s $60b bid for copper supremacy
Anglo American investors were already cool on BHP’s offer as the race between global mining heavyweights for copper assets hots up.
- Brad Thompson and Elouise Fowler
Anglo’s stumbles made it quarry for mining’s biggest predator
Anglo American once held pride of place on the sharemarket. Now its reputation is in tatters, and BHP is ready to pounce.
- Thomas Biesheuvel
- Updated
- Mining
BHP lobs $60b copper play for Anglo American
BHP is making a $60 billion bet on copper demand growing exponentially in the global shift away from fossil fuels, with a bold takeover bid for British resources heavyweight Anglo American.
- Updated
- Brad Thompson
- Opinion
- Chanticleer
BHP’s complex bid for Anglo American is a bet on the future
After years of shrinking to greatness, BHP boss Mike Henry is eyeing a deal that could deliver a triple victory. But it’s complex, and possibly risky.
- James Thomson