Glencore understood to be considering takeover offer while BHP could move again after initial rejection
The global mining industry is braced for a multi-billion pound bidding war for Anglo American amid growing speculation that mining companies are preparing rival bids.
The Australian miner BHP is understood to have sent senior executives to Anglo’s base in South Africa to meet key company stakeholders after an initial offer of £31bn was rebuffed by Anglo’s board last week.
Continue reading...Australian company and its partner Vale unleashed largest spill of mining waste in history
The mining company BHP has said it hopes to secure a $25.7bn (£20bn) settlement over the 2015 Samarco disaster, when the collapse of a dam left at least 19 people dead, 700 homeless and spread unprecedented levels of pollutants across the rivers and landscape of Brazil.
BHP said it had offered the settlement to the Brazilian authorities in partnership with fellow miner Vale, its 50:50 joint venture partner in a local subsidiary, Samarco.
Continue reading...The De Beers owner is a longstanding jewel in the African' state’s economic crown – it would be a ‘big blow’ to see it sold off
The world’s largest mining company has a problem. Australia’s BHP has set out its intention to snap up the rival miner Anglo American in a multibillion-pound deal that would reshape the global industry. Its proposed £31bn takeover plan has already been rebuffed as a lowball offer that undervalues the company. But Anglo’s deep roots in South Africa could be a far more sensitive issue to address.
Africa’s most advanced economy was built on mining. For more than 150 years since the first discovery of diamonds, gold and coal, the industry has remained South Africa’s economic lifeblood. Today it is the world’s fifth largest producer of coal and diamonds and the 10th largest producer of gold.
Continue reading...All-share proposal had potential to be one of biggest deals in sector for decade but deemed ‘opportunistic’
The board of Anglo American, the London-listed mining company, has rejected a “highly unattractive” £31bn takeover approach from its Australian rival BHP.
BHP’s all-share proposed offer for Anglo American had the potential to be one of the biggest deals in the global mining sector for a decade but has attracted criticism from Anglo’s shareholders as being too low and “highly opportunistic”.
Continue reading...Mining companies and their joint venture Samarco ordered by Brazilian judge to pay AU$14.7bn over disaster that killed 19 people
A Brazilian judge has ruled that mining companies Vale and BHP and their joint venture Samarco must pay 47.6bn reais (AU$14.7 bn) in damages for a 2015 tailings dam burst, according to a legal decision seen by Reuters.
Vale, a Brazilian company, and BHP, an Australian listed company, said in separate statements they were not informed by the judiciary about the decision.
Continue reading...Mining safety regulator launches investigation after 27-year-old man killed at BHP-owned mine in the Bowen Basin
The mining safety regulator has begun an investigation after an employee was crushed to death at a central Queensland coalmine on Monday.
The 27-year-old man was working at southern section of the BMA Saraji coalmine located in the Bowen Basin, near Dysart, south-west of Mackay. The mine is owned by BHP.
Continue reading...Brazilian Indigenous leaders who are fighting a class action suit against BHP over a tailings dam collapse say they face similar struggles to First Nations Australians
A group of First Nations Brazilians taking on the mining company BHP say a voice to parliament will give Indigenous Australians a critical avenue they were not afforded – the chance to consult.
The delegation is visiting Australia to meet with politicians this week amid their multibillion-dollar class action suit against the Australian mining firm over its role in the devastation caused by the Mariana dam disaster in 2015.
Continue reading...Court of appeal judgment allows £5bn lawsuit against mining giant BHP by more than 200,000 victims of 2015 Mariana dam disaster
More than 200,000 victims of Brazil’s worst environmental disaster will have their case heard in a UK court, making it the largest group claim in English legal history.
The lawsuit is against the Anglo-Australian mining company BHP – one of the biggest companies in the world – for their involvement in the collapse of the Mariana dam in 2015, which released toxic mining waste down 400 miles (640km) of waterways along the Doce River. Claimants are seeking at least £5bn ($6bn) in compensation.
Continue reading...In one of the largest claims in English legal history, 200,000 people affected by the 2015 incident will have their case heard this week
More than 200,000 victims of Brazil’s worst environmental disaster are seeking compensation in a UK court this week, in one of the largest group claims in English legal history.
The claimants, including representatives of Krenak indigenous communities, are fighting to get compensation for the devastation caused by the Mariana dam disaster in November 2015. The £5bn lawsuit is against the Anglo-Australian mining company BHP.
Continue reading...About 50 workers at the Mt Arthur coalmine had been stood down without pay over the mandate
The Fair Work Commission has ruled a Covid-19 vaccine mandate for all workers at BHP’s Mt Arthur coalmine was unlawful because the company did not consult adequately with its workers.
Approximately 50 mine workers were stood down without pay last month after they were told they would be required to have had at least one dose of a Covid-19 vaccine to enter the work site after 9 November, and that they would need to be fully vaccinated by 31 January next year.
Continue reading...Global miner declares a bumper profit due to high iron ore prices but slashes value of NSW coalmine to become a $200m liability
Global miner BHP is planning a major overhaul, simplifying its company structure and dumping its oil and gas assets into Woodside Petroleum, creating one of the biggest energy producers in the world.
BHP on Tuesday declared a bumper profit due to high iron ore prices, as it announced it will bring together its Australian and UK arms into one company and leave the London Stock Exchange, which could have ramifications for investors.
Continue reading...Six years after deadly Fundao dam rupture, lawsuit against Anglo-Australian mining giant proclaimed as ‘an opportunity for real justice’
London’s court of appeal made a U-turn on Tuesday by agreeing to reopen a US$7bn lawsuit by 200,000 claimants against Anglo-Australian mining giant BHP, reviving a case over a dam rupture behind Brazil’s worst environmental disaster.
Lawyers for one of the largest group claims in English legal history have been pushing to resurrect the £5bn ($6.9bn) lawsuit against BHP since a lower court struck out the lawsuit as an abuse of process last year – and a court of appeal judge upheld that decision in March.
Continue reading...Exclusive: WA minister gave consent to BHP plan just three days after Juukan Gorge site was blown up by Rio Tinto in a move that has horrified the public
Mining giant BHP Billiton is poised to destroy at least 40 – and possibly as many as 86 – significant Aboriginal sites in the central Pilbara to expand its $4.5bn South Flank iron ore mining operation, even though its own reports show it is aware that the traditional owners are deeply opposed to the move.
In documents seen by Guardian Australia, a BHP archaeological survey identified rock shelters that were occupied between 10,000 and 15,000 years ago and noted that evidence in the broader area showed “occupation of the surrounding landscape has been ongoing for approximately 40,000 years”.
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