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Anglo American rejects third BHP offer, extends deadline Anglo American has rejected the third takeover proposal from BHP (ASX: BHP) after the latter put forward a new offer on May 20, 2024. Under the terms of the latest proposal, Anglo American shareholders would receive 0.8860 BHP shares and ordinary shares in Anglo American Platinum and Kumba Iron Ore for every Anglo American share held. This offer represents a total value of $59.77 (£31.11) per Anglo American share including $10.37 (£5.40) in Anglo Platinum shares and $8.13 (£4.23) in Kumba shares. This revised proposal represents an 11.3% increase in the spot aggregate value per Anglo American share. BHP chief...

In the Spotlight - AquaBlue Seafoods managing director Neil Meyrick   AquaBlue Seafoods is one of Australia’s most modern and technically advanced aquaculture operations on the east coast, created by Neil Meyrick and Terry Brissett to bring dams, ponds and lakes back to life. Now expanding into end-of-life mine cycles, the Australian Mining Review spoke with Neil about the history behind the company and how stocking former minesite dams is environmentally friendly. AMR: Can you share the story behind how AquaBlue Seafoods started? NM: I was working in Sydney at the time and a friend of mine, Terry Brissett, mentioned that he’d like to grow fish. It struck a chord...

 Image: Mining3.   BY ELIZABETH FABRI   AUSTRALIAN research body Mining3 has developed a new ‘uncrushables’ detection technology for real time identification of tramp metal in payloads. Led by Mining3 principal research engineer Dihon Tadic, the system uses both hardware and software with a unique detector embedded in the bucket of digging and loading machines that alerts an operator before the tramp metal enters the crushing circuit. The technology was trialled in WA and South Africa on load-haul dump and front-end loader buckets, and a prototype has been deployed in South Africa for extended mine trials. Mr Tadic said the completed site trials confirmed the technology’s ability to improve safety, and prevent costly equipment damage and downtime. “Mining3 has been...

Matsa Resources and AngloGold Ashanti Australia extend confidentially agreement Matsa Resources (ASX:MAT) has entered a variation agreement to confidentially agreement with AngloGold Ashanti Australia to extend the existing agreement to July 31, 2024. This extension includes a three-month exclusivity period to conduct due diligence on Matsa’s Lake Carey gold project in WA as well as discuss and negotiate a potential transaction with Matsa in respect to Lake Carey. As well as conducting due diligence on Lake Carey, AngloGold will pay the costs of maintaining and dewatering the Red October gold mine by paying a lump sum of $500k within seven days. In 2017, Matsa and AngloGold executed an ore purchase agreement...