BHP Group shares fell 4% on Friday a day after revealing a $38.8-billion bid for Anglo American as investors feared a deal could erode BHP's profitability especially if it has to sweeten its offer. BHP said it would offer £25.08 per Anglo share, a premium of 31% from the stock's previous close before the bid was made public on Thursday.

Anglo American's management does not consider a proposed $39-billion takeover offer from BHP Group as attractive, two sources told Reuters, as some investors and analysts dismissed it as opportunistic. BHP on Thursday offered Anglo's shareholders 25.08 pounds ($31.39) per share, or $38.8-billion, a premium of 31% to the market close on Wednesday. It would take over Anglo after a spin-off of two assets.

When former boss Mark Cutifani left Anglo American in mid-April 2022, things had rarely looked better for the century-old miner. Metals prices soared as the world emerged from lockdowns, the company had recently posted its best-ever annual profit and the popular industry veteran was handing over to a trusted lieutenant. Anglo stock hit a record the same day. Two years later, the company’s reputation is in tatters after a series of missteps sent its value plunging by half. And now industry heavyweight BHP Group is moving in.

With the promise that its customised transfer point solutions will always perform to expectations, transfer chute technology provider Weba Chute Systems tackles its turnkey projects in a highly systematic and controlled manner. The company has successfully carried out more than 25 turnkey projects in the past decade, including contacts in the mining, steel, ports and food industries, says Weba Chute Systems project manager Ted Cruickshank.

Global interest in and the uptake of the new REFLUX Flotation Cell (RFC) from full flowsheet technology and service supplier FLSmidth has been gaining considerable momentum. As a result of this significant interest, the company is experiencing a backlog in paid-for test programmes at its Salt Lake City facility, in the US, FLSmidth global product director REFLUX technologies Lance Christodoulou tells Mining Weekly. “We've got customers that are prepared to proceed with the purchase of full-scale equipment to trial in Europe, following the results achieved during lab testing. We are yards ahead in the commercialisation phase compared with where we were when we started two years ago.”

The five mining technology research programmes of the Mandela Mining Precinct (MMP) have garnered much attention and have, thus far, yielded positive results, pointing to “great future potential”, reports MMP director Julie Courtnage. In celebrating the MMP’s fifth anniversary, she tells Mining Weekly that the MMP’s list of deliverables is vast, and that the organisation continues to make progress with each of the five programmes it is currently running.

Australia-headquartered BHP has made a bold move with its bid to acquire rival Anglo American in an all-share deal valued at $38.8-billion. With this manoeuvre, BHP aims to create the largest copper miner globally, but it could face scrutiny from Anglo shareholders over valuation concerns. Commenting on the proposed deal, Wood Mackenzie mining and metals corporate research director James Whiteside remarked that the transaction would represent the biggest shakeup of the global mining industry in more than a decade.

South African Mines Minister Gwede Mantashe signaled his opposition to BHP Group Ltd.’s proposed takeover of Anglo American. The offer by the world’s largest miner envisages an all-share deal in which Anglo American would first spin off controlling stakes in South African platinum and iron-ore companies to its shareholders before being acquired by BHP. The proposal values Anglo American at £31.1-billion ($38.8-billion)

An admirable degree of creativity exists within the South African mining technology and equipment manufacturing sector, giving manufacturers the necessary flexibility to weather the significant challenges over the past few years, Mining Equipment Manufacturers of South Africa CEO Lehlohonolo Molloyi has said. He was speaking as part of a panel in a webinar hosted by Creamer Media and sponsored by ABB, AECI Mining, Astron Energy and Epiroc, on April 24.

Diversified mining major BHP on Thursday announced a proposed all-share offer that values Anglo American at £31.1-billion. The deal has the potential to transform the mining industry landscape. BHP offered Anglo shareholders £25.08 a share, including £4.86 a share for Anglo American Platinum (Amplats) shares and £3.40 a share for Kumba Iron Ore shares.