Anglo American is worth its weight in copper. After turning down a cheque for $39bn on 24 April, the British mining group, which operates in, Botswana, Lesotho, Namibia and Zimbabwe, is now said to be in the sights of Anglo-Swiss Glencore – operating mainly in Zambia and Democratic Republic of Congo.France’s Meridiam, pushed out of Burkina Faso, sees Kenya highway contract cancelled
Kenyan authorities have cancelled a highway contract valued at more than $1bn with the French infrastructure development and financing firm Meridiam. ...Dr Kgosientsho Ramokgopa dismisses ANC critics, saying the country’s energy reforms initiated in 2022 are starting to bear fruit and rolling power cut...Twelve firms listed on the Nairobi Securities Exchange, including Nation Media Group and Kenya Airways, have issued profit warnings due to increased o...
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Mining giant BHP bids $39bn for Anglo American; not its African assetsAustralian mining group BHP has proposed a $39bn takeover of its British rival Anglo American. But on one condition: the deal must be preceded by the sale of iron and platinum assets in southern Africa.
Source: TheAfricaReport - 🏆 29. / 55 Read more »
BHP makes takeover approach for Anglo AmericanA successful takeover would represent the first mega-deal among the world’s biggest diversified miners in over a decade.
Source: Moneyweb - 🏆 5. / 77 Read more »
Source: dailymaverick - 🏆 3. / 84 Read more »
Anglo American jumps almost 19% on BHP buyout offerIts share price clearly implies investors believe either BHP or potentially someone else – perhaps Glencore or Rio – may come back to the table with a higher bid: Seleho Tsatsi, portfolio manager at Anchor Capital.
Source: Moneyweb - 🏆 5. / 77 Read more »
Source: BusinessTechSA - 🏆 24. / 61 Read more »