Anglo American PLC
Mining firms power UK stocks to record high after 50% U.S. copper tariff confirmed
The smelting area, where the copper is smelted and then placed in molds and cooled, at the Codelco El Teniente processing facility in Machali, Chile, on Wednesday, April 2, 2025. Bloomberg | Bloomberg | Getty Images London-listed mining firms bounced on Thursday, shaking off recent losses to drive the U.K.’s FTSE 100 index to a […]
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Why merger mania is coming to the fore in the mining industry
The Rio Tinto Group logo atop Central Park tower, which houses the company’s offices, in Perth, Australia, on Friday, Jan. 17, 2025. Bloomberg | Bloomberg | Getty Images The mining sector appears poised for a frantic year of dealmaking, following market speculation over a potential tie-up between industry giants Rio Tinto and Glencore. It comes […]
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Rio Tinto in talks to buy lithium miner Arcadium, sources tell Reuters
Jakob Stausholm, chief executive officer of Rio Tinto Ltd., during a Bloomberg Television interview in New York, US, on Thursday, Sept. 26, 2024. Victor J. Blue | Bloomberg | Getty Images Rio Tinto has been holding talks to buy lithium miner Arcadium, three sources with direct knowledge of the negotiations said, a deal that would make […]
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Elliott takes $1.9 billion stake in Southwest Airlines, seeks to oust CEO and chair
A Southwest Airlines jet comes in for a landing at Laguardia Airport in New York City, New York, U.S., January 11, 2023. Mike Segar | Reuters Activist hedge fund Elliott Management has amassed a $1.9 billion stake in Southwest Airlines and plans to push for leadership changes at the airline that has lagged big rivals. Elliott is seeking to […]
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Diamond industry ‘in trouble’ as lab-grown gemstones tank prices further
A diamond necklace in a Harrods department store in London. Leon Neal | Afp | Getty Images “A diamond is forever,” but perhaps not for the increasing number of consumers spurning the gemstone for lab-grown counterparts, gold and even other colored gemstones. The slogan was coined by diamond giant De Beers in 1948, capturing the […]
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Europe stocks close lower; Royal Mail owner IDS up 4% on sale agreement
European stock markets closed lower on Wednesday, with the Stoxx 600 recording its worst session since mid-April. The benchmark Stoxx 600 provisionally ended over 1% lower, with all sectors and major bourses in negative territory. Mining stocks led the losses, down 2.12%. Mining giant Anglo American was down 3.89% after BHP Group said it did […]
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Miner Anglo American rejects third takeover present from rival BHP Team as talks deadline prolonged
The enterprise brand adorns the side of the BHP gobal headquarters in Melbourne on February 21, 2023. – The Australian multinational, a primary producer of metallurgical coal, iron ore, nickel, copper and potash, claimed web profit slumped 32 p.c 12 months-on-12 months to 6.46 billion US dollars in the six months to December 31. (Photograph […]
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European stocks edge higher as investors digest U.S. inflation data; Delivery Hero up 24%
Auto stocks lead gains Auto stocks traded 1.2% higher on Tuesday afternoon, leading gains on Europe’s benchmark Stoxx 600 index. Shares of Sweden’s Volvo Car traded more than 6% higher at 2:45 p.m. London time, while France’s Valeo and Forvia rose 5.5% and 4.7%, respectively. — Sam Meredith Stocks open little changed Stocks opened little […]
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Diamond huge De Beers faces spin-off amid wider restructuring as Anglo American takeover pressure mounts
Diamond rings are shown in a cabinet within a De Beers SA keep in Hong Kong, China, on Thursday, Sept. 14, 2017. Chinese deluxe paying out on travel is the “quickest-expanding competitor” standing in the way of diamond sales in the world’s greatest buyer current market, Chief Govt Officer Bruce Cleaver stated in an job interview. Photographer: Calvin […]
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Elliott normally takes $1 billion stake in Anglo American as miner faces takeover interest
Chris Ratcliffe | Bloomberg | Getty Pictures Elliott Administration has developed a roughly $1 billion stake in miner Anglo American in modern months, a individual common with the make a difference told CNBC. Anglo American shares were up 5%. Information of the activist’s situation comes as the $43 billion, London-based miner faces takeover curiosity from […]
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