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Large Anglo shareholders are backing miner’s stance on BHP talks
Published: 24 May 24
Several of Anglo American’s big shareholders have said they support the company’s efforts to persuade BHP Group to change the structure of its takeover proposal or compensate for the risks it presents, before accepting any offer.
BHP has one week to convince its target of the value of its $49-billion acquisition plan, after Anglo announced on Wednesday it had rebuffed a third bid and agreed to extend a regulatory deadline. With the clock reset, discussions will center around BHP’s insistence that Anglo spin off majority stakes in South African platinum and iron ore units before the takeover can proceed.
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Large Anglo shareholders are backing miner’s stance on BHP talks
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Technology emphasised as way to increase sustainable mining – Chamber
Published: 24 May 24
The Southern African - German Chamber of Commerce and Industry (SAGCC) highlights that the development of many countries in Southern Africa is linked to the mining sector. The organisation asserts that the sector has a greater role to play to support demand recovery, which has declined because of global supply chain disruptions. Amid current geopolitical developments, the trend towards environmental consciousness is gaining traction and is visible across the mining sector in Southern Africa.
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Manufacturer highlights XRT sorting technology’s impact
Published: 24 May 24
Mining sorting equipment manufacturer TOMRA Mining highlights that its XRT technology, powered by TOMRA Insight, has delivered significant results at the Mothae Diamonds operation, in Lesotho. Global diamond producer Lucapa Diamonds owns 70% of Mothae Diamonds, a mine located in the Maluti mountains of Lesotho, a region known to produce large, high-value diamonds that command the second-highest dollar per carat for kimberlite diamonds worldwide.
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Copper World Complex, US – update
Published: 24 May 24
Hudbay plans to raise funds in an equity offering to help fund near-term growth initiatives at its Copper Mountain unit.
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