News about Mike Henry

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.