- Benzinga
New Mining Alliance Targets Copper Exploration In Arizona, New Mexico, And Utah
Mining leader BHP (NYSE:BHP) has partnered with Ivanhoe Electric (NYSE:IE, )) to explore copper and other critical minerals in the United States. The collaboration aims to find new sources of critical minerals, vital for the energy transition and the electrification revolution. The partnership involves forming 50/50 joint ventures in selected areas, focusing on copper exploration in key mineral-rich states. “We see today's announcement as the first step in what we expect to be a long and success
- Reuters
Rio Tinto had considered a bid for BHP-target Anglo American, AFR reports
Rio "management had not ruled out making a play for part or all of the mining group and continued to study the day-to-day situation", the AFR reported, citing sources close to Rio. The report did not mention why Rio did not make a proposal but said there is no suggestion that Rio is about to make an alternative bid. Rio declined to comment on the report.
- Reuters
Exclusive-BHP-Anglo American deal raises alarm in Japan's steel industry
MELBOURNE/TOKYO (Reuters) -Japanese steelmakers have raised concerns with Australian authorities that BHP Group could become too dominant in the global supply of coking coal if it goes ahead with a takeover of Anglo American. Australia is the world's biggest exporter of coking coal and top supplier to Japan, making up around 60% of its imports, with most of the steel-making ingredient coming from the state of Queensland, where BHP and Anglo American are the two largest producers.
