BHP, the world’s largest mining company, has shifted its focus to other growth opportunities after its unsuccessful attempt to acquire Anglo American earlier this year, Chairman Ken MacKenzie said on Wednesday. The company walked away from a \$49 billion bid in May after being rebuffed three times by Anglo American. The end of a six-month...
READ MOREGautam Adani-controlled Kutch Copper is reportedly in discussions with Australian mining giant BHP to secure a substantial copper concentrate supply. According to a report by The Economic Times, the potential agreement could involve up to 1.6 million tonnes per annum (mtpa) of copper concentrate. The deal is projected to be worth approximately Rs 30,000 crore...
READ MOREMorgan Stanley analysts Rahul Anand and Shannon Sinha believe that the recent disruption at BHP Billiton’s Olympic Dam copper operations is unlikely to have a significant impact on either the company or the wider market. In a report, the analysts estimated that while it remains unclear how long the mining and processing operations will be...
READ MOREBHP reported a strong start to the 2025 financial year, with production increases across its major commodities during the quarter ending September 30, 2024. The company saw copper production rise by 4%, driven by higher grades and recoveries at the Escondida mine in Chile. Iron ore production from Western Australia Iron Ore (WAIO) increased by...
READ MOREThe only surprising aspect of Australian resources giant BHP’s July-September (Q1) production results was better-than-expected nickel production, according to Citi analysts. BHP’s currently shuttered nickel operations produced 19,600 tonnes, 35% more than Citi had expected. Other than that, the company stated that its performance was “broadly in line with expectations” and that “there are no...
READ MOREGlobal mining giant BHP Group has turned its attention to Botswana’s copper resources following a failed £38.6 billion bid for Anglo American. Reports indicate that the primary motivation behind the bid was BHP’s desire to acquire Anglo’s copper mines, highlighting copper’s growing importance as the world shifts away from fossil fuels. BHP has stated on...
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