Australian miner BHP Group has said that it is no longer considering a combination of the two mining giants and will instead focus on organic growth. Anglo American is in the process of a merger of equals with Teck Resources.
The funds were raised to further support the firm’s cleaner energy supply to remote mining sites across Australia; this is the first debt fundraising from Octa Group.
Indra Kanoena, BUMA's president director, said the issuance, which was backed by mutual funds, insurers, asset managers, pension funds, and banks, will allow BUMA to become a more diversified mining company.
As one of the Philippines’ largest mining companies, Nickel Asia Corporation is forging a more sustainable path to the future, by embracing ESG and renewable energy.
A White House executive order to lay out a national policy for digital assets should help boost credibility for cryptocurrencies, but concerns that decentralised finance technology can help evade sanctions still lingers for policymakers and investors.
Part state-owned China Molybdenum’s purchase of niobium and phosphate businesses from Anglo American for $1.5 billion could herald fresh Chinese mining M&A boom.