Today
- Opinion
- Critical minerals
Albanese’s troubled critical minerals dream
The Albanese government has high hopes for much more downstream processing of critical minerals. But the numbers aren’t adding up. What can change that?
- Jennifer Hewett
- Analysis
- Mergers & acquisitions
BHP’s siren song to Anglo shareholders is operational excellence
A claim to be the mining sector’s “best operator” is a big part of BHP’s pitch to Anglo American shareholders, as it promises to get more blood out of the same stones.
- Peter Ker
Yesterday
Iluka boss calls out China’s infiltration of rare earths in Australia
Tom O’Leary says China is trying to extend its global dominance in rare earths by controlling assets in Australia and rigging prices.
- Updated
- Brad Thompson
Sierra Rutile major shareholder presses the flesh as bid extension lands
Sources told Street Talk that Sierra Rutile had met with its new largest shareholder Gemcorp on Friday to ascertain its intentions.
- Sarah Thompson, Kanika Sood and Emma Rapaport
This Month
BHP gets green light for improved Anglo bid
Two prominent Australian investors say they support BHP making an improved bid for Anglo American so long as discipline is not completely abandoned.
- Peter Ker
BHP has industry super’s blessing for Anglo American copper prize
HESTA chief executive Debby Blakey has thrown her weight behind BHP’s plan to become the undisputed global king of copper through the South African deal.
- Peter Ker and Elouise Fowler
This BHP old boy thinks copper and rare earths prices will spike
Arafura Rare Earths boss Darryl Cuzzubbo says higher prices are inevitable for two commodities vital to the energy transition.
- Brad Thompson
- Opinion
- Mining
BHP is betting self-interest trumps politics on Anglo American
Convincing South Africa’s government its $60 billion takeover bid for the mining multinational is politically palatable is part of BHP’s challenge in a particularly complex deal.
- Jennifer Hewett
BHP hits the hustings to fight ‘value dilutive’ deal claims
BHP executives and bankers will campaign in South Africa and Australia this week to win support for an Anglo American takeover that was panned by one analyst.
- Peter Ker
Brazilian rare earth explorer Axel REE launches IPO roadshow
The deal, led by Bell Potter, will see Axel seek to raise $15 million at an enterprise value of $21.6 million.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Rio Tinto chairman quiet on Anglo bid, eyes copper profits
Dominic Barton would not comment on whether the company was considering making a rival bid for Anglo American.
- Tess Bennett
MinRes in row over lithium processing hub
Poseidon Nickel, worth $22 million, has mounted a David versus Goliath legal battle with $14.1 billion MinRes over assets in the Western Australian Goldfields.
- Brad Thompson
- Analysis
- Mergers & acquisitions
How BHP’s ‘Meticulous Mike’ prepared for Anglo American rebuff
Dubbed “Meticulous Mike” by the Australian media, the Canadian executive must have carefully planned his move for Anglo, down to the inevitable initial rejection.
- Tom Wilson and Nic Fildes
NexGen Energy $200m raise upsized after strong demand
The Canadian miner had its brokers warming up fund managers for a $200 million equity placement on Tuesday evening, Street Talk understands.
- Updated
- Sarah Thompson, Kanika Sood and Emma Rapaport
‘The future is the future’: Anglo American won’t rule out a merger
Chairman Stuart Chambers told the miner’s AGM that his job in coming weeks was to see if major shareholders backed the board’s rejection of BHP’s $60 billion bid.
- Hans van Leeuwen
April
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
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
