News about Mike Henry

At Anglo American's headquarters on the fringes of the City and in Pretoria, the month of November is sharply in view. By then half-a-year will have elapsed since May when Sydney-quoted mining behemoth BHP set its sights on winning control of Anglo and in particular its copper assets with a £34bn opportunistic bid. Under the rules of City takeovers BHP will be free to have another go.

When Duncan Wanblad embarked upon the biggest shake-up in Anglo American's's 107-year history to fend off the unwanted advances of Australian mining behemoth BHP, he set himself a stiff challenge. This challenge has become more daunting by the day in the four months since the miner's chief exec told shareholders of his intention to sell the company's nickel, coal, De Beers diamond and platinum businesses within two years.

It has been been 51 years since Rio Tinto's first shipment from its iron ore heartlands in north-west Australia to China - then ruled by Chairman Mao, who oversaw a country that is a shadow of the economic powerhouse it is today. China's meteoric rise to become the world's second-biggest economy, and the insatiable thirst for steel that has accompanied it, has brought enormous riches for Rio and its former FTSE 100 rival BHP.

BHP is focused on growing its crucial copper business through current and upcoming projects after its attempt to acquire rival Anglo American collapsed. The world's biggest listed miner walked away from a £39billion takeover deal of Anglo American , the world's largest platinum producer, in May.

With less than one hour before its 5pm deadline yesterday evening, the Australian group revealed it had not been able to secure the backing to make a firm offer for Anglo. The announcement ends the five-week battle between the companies and means BHP must now wait for at least six months before making another push.

Mr Albanese's 2023 diary was quietly released to former independent senator Rex Patrick under Freedom of Information laws, offering an insight into the day-to-day requirements to run the country. During this time, he was desperately trying to pitch his Indigenous Voice to Parliament referendum to the Australian people, while also keeping on top of the mounting cost of living crisis. And while appearances with the referendum working group and key figures are scattered throughout the diary, a clear standout is in fact his meetings with CEOs in the resources sector.

The London-listed firm - whose empire includes De Beers diamonds and a potash mine in Yorkshire as well as vast copper and iron ore deposits - has given its larger rival another week to thrash out the terms of a deal. It marked a significant concession by the Anglo board which until recently had refused to engage with BHP having rebuffed two earlier bids worth £31bn and £34bn.

Melbourne's BHP has until 5pm on Wednesday to make an offer for the FTSE-100 rival. Anglo's board has snubbed two bids so far - the first at £31billion - and said they had 'significantly undervalued' it. The suitor is set to make a decision early this week about tabling an improved offer after a weekend of talks described as 'on a knife edge', according to the Sunday Times.

The London-listed mining giant - which has turned down two bids from BHP worth £31bn and £34bn - this week unveiled plans to break up the company as it seeks to fend off takeover interest. The Mail understands it believes it will strike a deal to sell the coking coal arm for up to £4.75bn in the coming weeks having already received interest.

Anglo American has dug deep and come up with a convincing plan to preserve independence. Word is that much of its strategy -divestment of De Beers and Anglo American Platinum - was in place as part of a strategic review before Mike Henry of BHP arrived on the scene with his twice-repelled deal. The intention of Anglo chief executive Duncan Wanblad was to hold back until the South African elections scheduled for May 29.

BHP boss Mike Henry insisted the new offer is a 'win-win' for shareholders of both companies and said he was 'disappointed' Anglo rebuffed the bid. Henry is due to meet his Anglo counterpart Duncan Wanblad at a mining conference in Miami today. The pair are expected to hold talks off-stage.

Mike Henry, the mining giant's chief executive, and his counterpart at Anglo, Duncan Wanblad, are due to speak at the Bank of American Global Metals, Mining and Steel Conference in Florida. Sources told us the pair will hold talks off stage at the industry jamboree in Miami. The meeting will set tongues wagging after Anglo rejected a £31billion takeover offer from BHP, branding the bid 'too low' and 'highly opportunistic'.

The mining giant's top brass are weighing up an approach for Anglo after the London-listed miner rejected BHP's £31billion bid. An offer would kick off a bidding war for the 107-year-old mining company, with BHP also working on an improved deal. BHP boss Mike Henry arrived in South Africa to sweet talk officials amid fears a takeover could be derailed by opposition in the country.

BHP chief exec Mike Henry (pictured) raced to hold urgent discussions with officials amid fears a megadeal could be derailed. It comes after Anglo dismissed Sydney-based BHP's first £31bn approach as a lowball offer. But BHP is thought to be working on a fresh offer for the London-listed miner, with analysts saying £40bn could be enough to get a deal over the line.

Mike Henry is danger of being regarded as public enemy number by backers of the London Stock Exchange. The BHP boss (pictured) was instrumental in shifting the group's main share listing from the City to Sydney in 2022. He is is now laying siege to one of London's great heritage companies, Anglo-American.

The Australian natural resources giant revealed that its underlying attributable profit dropped to $13.4 billion for the year ending June, relative to the previous $23.8 billion made in the corresponding 12 months. Increased diesel and electricity prices, higher workers and contractors, and increases associated with the construction of the South Flank iron ore mine in Western Australia all affected earnings.

Antofagasta and BHP Group's profit margins fell sharply as a result of higher costs and lower commodity prices, which led to major stock slumps. On Monday, the FTSE 350 miners halted gains made when investors anticipated a revival in Chinese demand for metals like copper and aluminium.

Following a smelter upgrade, BHP produced 410.1 kilotonnes of copper in the three months ending September, a 9 percent increase relative to the same time last year. In comparison, Antofagasta's copper production increased by 40.1 percent from the previous year, with improved water availability assisting production nearly double at its Los Pelambres mine in Chile.

In the 12 months ending June, the mining giant's revenues increased by 173 percent to $30.9 billion, which included a $7.1 billion gain from the acquisition of its petroleum company with Woodside Energy and the auction of its Mitsui Coal units.