This Month
- Opinion
- Chanticleer
Why BHP’s hopes of buying Anglo American are fading fast
BHP boss Mike Henry has taken his takeover pitch directly to Anglo American investors. But the hurdles to this bid are multiplying, and time is running out.
- Updated
- James Thomson
- Opinion
- Chanticleer
BHP turns Anglo pursuit into $64b chess game
BHP has bid against itself and disclosed it, in an effort to put pressure on the London-listed miner. The next move is Anglo’s, and only hours away.
- Updated
- Anthony Macdonald
- Analysis
- Mergers & acquisitions
How BHP’s ‘Meticulous Mike’ prepared for Anglo American rebuff
Dubbed “Meticulous Mike” by the Australian media, the Canadian executive must have carefully planned his move for Anglo, down to the inevitable initial rejection.
- Tom Wilson and Nic Fildes
April
BHP investors fear costly second tilt at Anglo American
Shares in BHP have dropped 5.2 per cent since it made the $60 billion bid for Anglo-American that was swiftly rejected last week.
- Elouise Fowler
BHP’s $60 billion copper play was years in the making
How chief executive Mike Henry has been methodically hunting a big deal for years.
- Thomas Biesheuvel, Dinesh Nair and Paul-Alain Hunt
- Opinion
- Chanticleer
Anglo’s predictable rejection won’t end BHP’s ambitions
BHP won’t be put off the scent by Anglo American’s rejection of its $60 billion takeover. There’s too much at stake.
- James Thomson
- Opinion
- Chanticleer
BHP’s complex bid for Anglo American is a bet on the future
After years of shrinking to greatness, BHP boss Mike Henry is eyeing a deal that could deliver a triple victory. But it’s complex, and possibly risky.
- James Thomson
BHP’s Mike Henry breaks bread with Andrew Liveris at Beppi’s
The place was nearly empty, so snippets of Henry and Liveris’ long, relaxed degustation rang through the room of the power diner.
- Updated
- Myriam Robin
BHP has UBS, Barclays in corner as it eyes mega Anglo American deal
Sources close to discussions said negotiations were at an early stage and other miners were interested in the London-based producer of platinum and copper.
- Sarah Thompson, Kanika Sood and Emma Rapaport
March
BHP’s Mike Henry argues Chinese steelmakers deserve a break
Big miners are facing pressure to detail their investments into green steel and reduce their scope three emissions. But Chinese smelters as a whole are more efficient than the EU’s.
- Ayesha de Kretser
BHP cuts contractors at Kalgoorlie nickel smelter
The miner has stood down contractors on the Kalgoorlie nickel smelter and withdrawn plans to house 1000 workers in the regional city as staff wait to hear whether the 51-year-old asset will be mothballed.
- Peter Ker and Brad Thompson
- Analysis
- Critical minerals
Why BHP’s nickel struggles to match Indonesia’s
A large green premium would be needed to put integrated Australian nickel producers like BHP on par with Indonesian rivals.
- Peter Ker and Elouise Fowler
February
BHP sheds jobs, axes white-collar teams in global reset
BHP rocked its workforce with a major restructure disbanding specialist teams and putting far greater responsibilities on its iron ore, coal, copper and nickel leaders.
- Brad Thompson
January
Australia’s business elite turns its back on Davos
No government minister and barely any big-ticket CEOs: either Australians don’t want to interrupt their summer, or the World Economic Forum is losing its cachet.
- Hans van Leeuwen
- Analysis
- Critical minerals
Why nickel could heal BHP’s rift with the Albanese government
Australia’s biggest company and the federal government spent 2023 feuding. Could they find common ground in 2024 around a loss-making, 51-year-old smelter?
- Peter Ker
December 2023
BHP boss Mike Henry sells $18.5m of shares in wake of divorce
The mining boss has sold down his shareholding as part of the reorganisation of assets after the end of his marriage.
- Brad Thompson
- Opinion
- Chanticleer
We’re still the iron ore lucky country. It won’t last forever
A surging iron ore price is driving Australia’s post-pandemic budget repair, the mid-year update shows. But the lucky country’s resources luck shouldn’t be taken as a given.
- Updated
- James Thomson
BHP executive shake-up prepares for Henry’s second half
BHP chief Mike Henry has reshuffled his executive ranks as he prepares for his fifth year in the top job.
- Peter Ker
Canadian rail giant approves CEO’s BHP coupling
Canadian National directors joined BHP’s board in giving their blessing to a romantic relationship between chief executives Tracy Robinson and Mike Henry.
- Brad Thompson
- Exclusive
- Mining
BHP CEO Mike Henry’s new relationship approved by board
BHP’s push into the Canadian potash industry has created an overlap between his private and professional lives.
- Brad Thompson and Peter Ker