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The Latest Breaking News from Anglo

Anglo American’s merger bonus was a pay wheeze too far

Miner will have to do things by the book after ditching plan to pay bosses millions in bonuses after Teck deal

The Guardian - UK

Anglo American drops plan to pay bosses millions in bonuses after $50bn Teck merger backlash

FTSE 100 miner’s U-turn follows investor opposition to payouts when deal completes, including estimated £8.5m to CEO

The Guardian - UK

BHP scraps Anglo American copper mega-merger after repeat failed bids

Australian mining giant BHP has dropped its renewed bid for Anglo American after preliminary talks, clearing the way for the miner to move ahead with its own plans.

Euronews

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BHP Loses 'The Last Throw Of The Dice,' On Anglo American Acquisition

After a rollercoaster weekend, BHP (NYSE:BHP) has definitely walked away from the last-minute attempt to acquire Anglo American (OTC:AAUKF), weeks before its shareholders vote on a $53 billion merger with Teck Resources (NYSE:TECK).

Benzinga

Mining giant BHP drops latest bid to buy rival Anglo American

FTSE 100-listed miner forces Australian company to walk away from takeover after rebuffing second approach

The Guardian - UK

BHP abandons latest takeover approach for mining rival Anglo American

The talks took place weeks ahead of Anglo’s shareholder vote on its mega merger with Canadian firm Teck Resources.

Evening Standard

European defence company shares fall amid Ukraine peace talk hopes; Novo Nordisk reports Ozempic fails to help with Alzheimer’s – as it happened

Rolling coverage of the latest economic and financial news, as Novo Nordisk finds its semaglutide drug fails to help in Alzheimer’s treatment

The Guardian - UK

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FTSE 100 Live 24 November: Revolut valued at $75bn, miners abandon deal talks

London’s biggest fintech Revolut has been valued at $75 billion (£57 billion) after completing a fundraising round that makes it worth more than Barclays.

Evening Standard

Anglo shareholders have many reasons to doubt $50 billion Teck mega-merger

New firm Anglo Teck would be headquartered in Vancouver in a further blow to the UK mining sector

Evening Standard

Anglo American, Teck Resources Merger Could Create $56 Billion Mining Giant: Analyst

Anglo American’s (OTC:NGLOY) planned merger with Teck Resources (NYSE:TECK) would create a combined company with a pro forma market capitalisation of about $56 billion and targeted annual pre-tax synergies of $2.2 billion, according to J.P. Morgan.

Benzinga

Anglo Teck: A New Copper Empire Is Quietly Taking Shape

Anglo American Plc's (OTCPK:NGLOY) (OTCPK:AAUKF) bold tie-up with Teck Resources Ltd (NYSE:TECK) is shaping up to be more than just another mining merger—it's a copper power play that could redraw the global commodities map.

Benzinga

Stocks Grind Up to New All-Time Highs: Stock Market Today

UnitedHealth stock led the Dow Jones Industrial Average amid increasing signs the labor market has not been well for months.

Kiplinger

Nil Premium Merger Of Equals Is Strategically Excellent For Anglo, Says Analysts

Anglo American plc (OTC:NGLOY) announced Tuesday that it has agreed to a merger of equals with Teck Resources (NYSE:TECK), creating a combined mining group valued at approximately $55 billion.

Benzinga

Nice deal if it happens – but Anglo Teck is also an invitation to other bidders

The proposed $53bn merger looks logical in its own terms but it is far from being a done deal

The Guardian - UK

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The Independent UK

FTSE 100 up as Anglo American strikes Teck deal

The FTSE 100 index closed up 21.09 points, or 0.2%, at 9,242.53.

Euronews

Anglo American stock rises 9% after merger deal with Teck Resources

The tie-up is set to be the biggest mining sector merger in over a decade.

Benzinga

Anglo American, Teck Resources Strike $53 Billion Merger To Form Global Critical Minerals Giant

Anglo American (OTC:NGLOY) and Teck Resources (NYSE:TECK) have agreed to combine forces in a $53 billion merger of equals that will create one of the world’s largest critical mineral producers. Anglo Teck, the new company, will have a headquarters in Vancouver and a primary listing in London, with additional listings…

The Independent UK

Reeves warned decision by mining giant to close London HQ in favour of Canada is ‘a wake up call’

The combined group will be headquartered in Vancouver, in Canada, but will retain it primary listing in London.

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Evening Standard

Anglo American agrees deal for Canada’s Teck Resources

The combined group will be headquartered in Vancouver, in Canada, but will retain it primary listing in London.

The Guardian - UK

Anglo American to merge with rival Teck in $53bn mining group

Two of world’s largest copper producers to combine, retaining London listing but raising prospect of job cuts

The Guardian - UK

Anglo American agrees mining mega merger; Londoners face commuting struggles as tube strike enters second day – as it happened

Deal will create $53bn mining giant but raises fears of job cuts as headquarters moves to Vancouver

Benzinga

Peabody Energy Stock Surges After Scrapping $3.8 Billion Anglo American Coal Deal

Peabody Energy Corp. (NYSE:BTU) has abandoned its planned $3.8 billion purchase of steelmaking coal assets from Anglo American (OTC:AAUKF), citing a material adverse change following a March fire at the Moranbah North mine in Australia. The incident left the mine idled with no clear timeline for resuming longwall production.

Benzinga

Botswana Seeks Diamond Dominance, Eyes Majority Of De Beers

Botswana is reportedly seeking a controlling stake in the leading diamond producer De Beers, potentially complicating Anglo American's (OTCQX:AAUKF) plans for the sale.

International Business Times

Anthony Blumberg's Behind-the-Scenes Platinum Power Play in Anglo American's Valterra Formation

The formation of Valterra, unveiled earlier this year as part of Anglo's broader portfolio review, has been officially framed as an effort to unlock long-term value, streamline operational focus, and create a platform better positioned to weather both regulatory and market volatility.

The Guardian - UK

Anglo American writes down value of diamond firm De Beers by $2.9bn

Sale of the miner, which is now valued at $4bn, may be delayed following ‘really, really difficult’ market

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