Anglo American

2024 - 5 - 15

Anglo American's Break-Up Drama: Copper, Diamonds, and a Strategic Bid Battle

Anglo American - Anglo American Platinum - BHP Group - break-up strategy - CEO showdown - copper assets - De Beers - global hiring freeze - high-stakes clash - mining giants - mining industry - mining sector - simplify operations - strategic battle - takeover bid

Discover how Anglo American plans to shake things up by focusing on copper, selling off famous diamond business De Beers, and resisting BHP's takeover attempts.

Anglo American, the mining giant, is making headlines with its bold move towards a break-up strategy. The company has announced its intention to shift its focus towards energy transition metal copper while considering the spin-off or sale of its well-known diamond business, De Beers. This strategic decision comes amidst pressure from rival BHP Group, which has been making offers to acquire Anglo American.

Investors are eagerly watching as BHP is expected to raise its bid again by the deadline on May 22, potentially leading to a bidding war. Anglo American's plans include selling off less profitable assets like platinum, coal, and nickel businesses to streamline its operations.

The proposed break-up aims to unlock all-round value for the company, with a special focus on the demerging of South Africa-based Anglo American Platinum (Amplats). CEO Derek Wanblad is driving this restructuring, emphasizing the importance of aligning the company with the evolving market demands.

In a recent meeting with South African President Ramaphosa, Wanblad discussed the company's stance against BHP's acquisition proposal. The shake-up in the mining industry continues as Anglo American forges ahead with its break-up plans.

It's interesting to note that De Beers, the renowned diamond business, and Amplats, the South Africa-based platinum giant, are key players in Anglo American's restructuring strategy. These moves showcase the company's dedication to adapt to market changes and investor demands, setting the stage for an intriguing transformation in the mining sector.

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Image courtesy of "CNBCAfrica.com"

Anglo American eyes break-up as it fends off BHP offer (CNBCAfrica.com)

LONDON, May 14 (Reuters) – Anglo American AAL.L laid out plans on Tuesday to refocus on energy transition metal copper while spinning out or selling its ...

Investors expect BHP to lift Anglo American offer again | Hellenic ... (Hellenic Shipping News Worldwide)

BHP has until May 22 to return with a binding offer or walk away under UK takeover rules. The revised bid again required Anglo to sell its shares in iron ore ...

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Image courtesy of "The Guardian"

Anglo American to sell famous diamond business De Beers in ... (The Guardian)

UK mining company reveals breakup plan in bid to avoid takeover by Australia-based BHP.

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Image courtesy of "Financial Times"

Anglo American needs a speedy break-up to make up with investors (Financial Times)

He plans to sell off the miner's metallurgical coal mines, the best of which are in Queensland in Australia, demerge Anglo American Platinum and either divest ...

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Image courtesy of "Creamer Media's Mining Weekly"

All-round value unlock targeted in proposed demerging of Anglo ... (Creamer Media's Mining Weekly)

Diversified mining major Anglo American is targeting value elevation in its planned demerging of South Africa-based Anglo American Platinum (Amplats) and ...

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Image courtesy of "Investopedia"

Anglo American Plans Breakup After Rejecting BHP's $43B Bid (Investopedia)

Anglo American is planning to split up and sell several assets after rejecting a sweetened $43 billion offer by rival mining giant BHP Group, in a break-up ...

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Image courtesy of "MINING.com"

Anglo American to sell De Beers, Amplats to fend off BHP's bid (MINING.com)

Anglo plans to focus on copper while spinning out or selling its less profitable diamond, platinum, coal and nickel businesses.

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Image courtesy of "Daily Maverick"

After the Bell: A red-letter day for Anglo American (Daily Maverick)

In Anglo CEO Derek Wanblad's presentation, you could tell he was trying to communicate this advantage. There is no shortage of copper assets, ...

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Image courtesy of "Financial Times"

Anglo American plans break-up to thwart £34bn BHP bid (Financial Times)

Wanblad told the Financial Times he had a “long” meeting with Ramaphosa as Anglo sought to rebuff a proposed acquisition by the Australian mining company.

Anglo-BHP battle is between two CEOs fighting over same vision (Creamer Media's Mining Weekly)

Anglo CEO Duncan Wanblad and his BHP counterpart Mike Henry took center stage on Tuesday, as the personalities behind two of the world's biggest miners came to ...

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Image courtesy of "Independent Online"

Anglo American lays out defensive strategy in light of an expected ... (Independent Online)

Anglo Platinum was not keen “to offload Kumba Iron Ore” as had been suggested by BHP in its initial and revised offers, he said. More on this ...

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Image courtesy of "News24"

Anglo's 'radical' shakeup plan receives cautious market response (News24)

Anglo investors are left weighing up the company's "radical" restructuring plan against a R780 billion takeover offer.

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Image courtesy of "Mining Technology"

Anglo American considers sale of De Beers diamond business (Mining Technology)

As part of the restructuring, Anglo American is exploring options for divestment of its steelmaking coal and nickel assets. May 15, 2024.

Anglo American Mulls South African Platinum Spinoff to Counter ... (Ecofin Agency: Economic information from Africa)

Amplats, the top producer of platinum in South Africa and a majority-owned subsidiary (79%) of Anglo American, is on the table for a spin-off. This.

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Image courtesy of "Reuters"

BHP's options for Anglo American deal narrow as deadline looms (Reuters)

BHP Group's options for its pursuit of rival miner Anglo American include sweetening its $42.7 billion buyout offer, making a hostile bid or walking away ...

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Image courtesy of "The Wall Street Journal"

Breaking Up Anglo American Now Could Mean Merging It Later (The Wall Street Journal)

Conversely, BHP would keep Anglo's steelmaking coal to combine with its own, alongside the merger of the two companies' copper and other iron-ore assets. But ...

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Image courtesy of "BizNews"

Anglo American has given BHP the blueprint for a takeover: Javier ... (BizNews)

Anglo's radical restructuring plan, which includes exiting diamond, platinum, nickel, and steelmaking mining, mirrors much of BHP's strategy. However, BHP's ...

Anglo American freezes hiring globally after pledge to simplify ... (Creamer Media's Mining Weekly)

Anglo American has frozen hiring globally after its pledge this week to simplify the miner that is the target of a $43-billion bid by Australia's BHP, ...

BHP's options for Anglo American deal narrow as deadline looms ... (Hellenic Shipping News Worldwide)

BHP Group's options for its pursuit of rival miner Anglo American include sweetening its $42.7 billion buyout offer, making a hostile bid or walking away ...

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Image courtesy of "The Australian Financial Review"

BHP ASX: Anglo American wants a single buyer for its Australian ... (The Australian Financial Review)

The London-listed diversified miner this week unveiled a major divestment plan designed partly to keep a $64.4 billion buyout proposal from BHP from ...

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Image courtesy of "Reuters"

Exclusive: Anglo unveils hiring freeze, document shows, after ... (Reuters)

Anglo American has suspended hiring globally, it said on Thursday, as it gets plans underway to simplify itself and build value - and avert a $43 billion ...

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Image courtesy of "Hindustan Times"

Anglo American freezes hiring globally after strategy revamp ... (Hindustan Times)

Anglo has twice rejected bids by BHP Group. Unlock exclusive access to the latest news on India's general elections, only on the HT App. Download Now!

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