BHP May 2024 52.500 call
| Previous Close | 7.52 |
| Open | 7.13 |
| Bid | 8.70 |
| Ask | 9.20 |
| Strike | 52.50 |
| Expire Date | 2024-05-17 |
| Day's Range | 7.13 - 7.52 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 23 |
ReutersAnglo American rejects third proposal from BHP but grants one-week extension
LONDON (Reuters) -Anglo American on Wednesday rejected a third takeover proposal from BHP Group that valued the company at 38.6 billion pounds ($49.18 billion), but opened the door to its rival by agreeing to a one-week extension to table a binding offer. This is the third unsuccessful offer in a month from BHP, the world's biggest listed mining group, as Anglo works on a radical plan to divest less profitable coal, nickel, diamond and platinum businesses. The 29.34 pound per share approach, based on undisturbed share prices as at the market close on April 23 and raised from an initial 25.08 pounds, is still conditional on Anglo unbundling its platinum and iron ore assets in South Africa, the country where it was founded and where it has deep roots, employing more than 40,000 people.
ReutersBHP-Anglo prospects flag more M&A ahead for miners
BHP's bid for Anglo American underlines the growing appetite for energy transition metals like copper from miners who must become more aggressive to secure new projects or risk missing out, investors and mining CEOs said on Wednesday. "There is clearly a preference for buying over building because costs have ramped up so much in the past few years," said Ben Cleary of Tribeca Investment Partners, which is an investor in Anglo American. Instead, Anglo has pledged to break up its company to lower costs.
GlobeNewswireTrial carbon capture unit begins operating on Blast Furnace at ArcelorMittal Gent, Belgium
GENT, Belgium, May 22, 2024 (GLOBE NEWSWIRE) -- ArcelorMittal and partners Mitsubishi Heavy Industries, Ltd. (MHI), BHP, along with Mitsubishi Development Pty Ltd (Mitsubishi Development) have successfully started operating a pilot carbon capture unit on the blast furnace off-gas at ArcelorMittal Gent in Belgium. The pilot carbon capture unit will operate for one to two years at Gent, to test the feasibility of progress to full-scale deployment of the technology, which would be able to capture a
