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Pin to quick picksAnglo American Share News (AAL)

Share Price Information for Anglo American (AAL)

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Share Price: 2,407.00
Bid: 2,407.00
Ask: 2,407.50
Change: 32.50 (1.37%)
Spread: 0.50 (0.021%)
Open: 2,376.00
High: 2,414.00
Low: 2,371.50
Prev. Close: 2,374.50
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South Africa views BHP bid for Anglo as 'normal market activity'

Mon, 29th Apr 2024 13:28

JOHANNESBURG, April 29 (Reuters) - South Africa views BHP Group's proposed bid for Anglo American as "normal market activity" and is following the process as it unfolds, President Cyril Ramaphosa's spokesperson said on Monday.

BHP is considering making an improved offer for Anglo American after its $39 billion initial proposal was rejected by the London-listed miner, a source told Reuters last week.

"It is still early days in terms of the proposal that BHP has submitted to Anglo," spokesperson Vincent Magwenya told a media briefing.

"We will follow like everybody else the process as it unfolds. We don't as a country go out of our way to block market activity," Magwenya added.

BHP has until May 22 to make a binding bid. A deal, if successful, would create the world's biggest miner of copper, a metal central to the clean energy shift.

A condition of the miner's proposal is that Anglo first distributes to shareholders its stakes in Anglo American Platinum (Amplats) and Kumba Iron Ore, both of which operate in South Africa.

Any exit by Anglo - founded in South Africa in 1917 - would be an economic blow to the country, whose miners have been cutting jobs and investment in response to weakening metals prices and a slew of local challenges exacerbated by the state port and freight rail company.

BHP's bid comes weeks before a general election in which voter anger about a stagnant economy and high unemployment could cost the long-governing African National Congress its majority. (Reporting by Bhargav Acharya Editing by Alexander Winning and Mark Potter)

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25 May 2024 18:05

BlackRock encouraged Anglo to extend talks with BHP, source says

May 25 (Reuters) - Anglo American was encouraged by key shareholders including BlackRock to continue engaging in talks with BHP Group over its proposed 38.6 billion pound ($49.18 billion) mining merger, a person familiar with the matter told Reuters on Saturday.

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25 May 2024 12:12

BlackRock pushed Anglo to extend talks with BHP, FT reports

May 25 (Reuters) - Anglo American was pressed by key shareholders including BlackRock to extend talks with BHP Group over its proposed 38.6 billion pound ($49.18 billion) mining megamerger, the Financial Times reported on Saturday.

($1 = 0.7849 pounds) (Reporting by Mrinmay Dey in Bengaluru)

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23 May 2024 10:39

Diamond sales lose shine at De Beers

(Sharecast News) - Rough diamond sales at De Beers fell in recent weeks, Anglo American said on Thursday, on the back of subdued demand.

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23 May 2024 08:54

TOP NEWS: Anglo American diamond sales slump ahead of De Beers split

(Alliance News) - Anglo American PLC on Thursday said rough diamond sales by De Beers weakened due to seasonally slower second quarter and a quieter period of trading in India.

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22 May 2024 18:14

Anglo leaves door open to engage with BHP after spurning third offer

BHP insists Anglo un-bundle South African assets

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22 May 2024 17:13

LONDON MARKET CLOSE: Stocks in red as UK inflation hits rate cut hopes

(Alliance News) - Stock prices in London closed lower on Wednesday, as the rumour mill at Westminster has been thrown into overdrive over a potential general election in summer this year.

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22 May 2024 16:01

TOP NEWS: Anglo American extends deadline after snubbing new BHP offer

(Alliance News) - Anglo American PLC on Wednesday rejected a third takeover proposal from BHP Group Ltd but gave the Melbourne-based miner another seven days to formalise a bid.

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22 May 2024 15:36

Anglo American rejects third and final takeover proposal from BHP

(Sharecast News) - Anglo American said on Wednesday that it has rejected a third and final takeover proposal from Australia's BHP which values the miner at £38.6bn.

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22 May 2024 14:55

Anglo American rejects third and final takeover offer from BHP

(Sharecast News) - Anglo American said on Wednesday that it has rejected a third and final takeover proposal from Australia's BHP which values the miner at £38.6bn.

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22 May 2024 14:49

Anglo American rejects third and final takeover offer from BHP

(Sharecast News) - Anglo American said on Wednesday that it has rejected a third and final takeover proposal from Australia's BHP which values the miner at £38.6bn.

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22 May 2024 13:55

Major Anglo investor says BHP bid needs 'meaningful revision'

South Africa's PIC owns roughly 7% stake in Anglo

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22 May 2024 12:19

Anglo investor calls for 'meaningful' changes to BHP bid

(Sharecast News) - A leading shareholder in Anglo American said on Wednesday that BHP Group's blockbuster £34bn takeover offer required "meaningful revision".

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22 May 2024 12:03

South Africa's PIC: BHP offers for Anglo should reflect value of existing and unlisted assets

JOHANNESBURG, May 22 (Reuters) - South Africa's Public Investment Corporation (PIC) said on Wednesday that it believed any offers from BHP Group for Anglo American should reflect the embedded value of existing Anglo assets and benefits that BHP could derive from Anglo's unlisted assets.

(Reporting by Felix Njini; Writing by Bhargav Acharya; Editing by Alexander Winning)

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20 May 2024 17:12

Anglo shareholder LGIM supports break-up plan as BHP circles

LONDON, May 20 (Reuters) - Anglo American shareholder Legal & General Investment Management (LGIM) supports the break-up plan announced by the company last week, it said on Monday, as the deadline approaches for BHP Group to log a formal takeover offer.

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17 May 2024 15:52

London close: Stocks recoup some earlier losses

(Sharecast News) - London stocks remained in negative territory by Friday's close, although they managed to recoup some of the losses seen earlier in the session as Wall Street opened with positive momentum.

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