Anglo-American Rejects BHP's Improved Takeover Bid

16 May 2024 CW Team

Anglo-American, a prominent player in the mining industry, has rebuffed BHP's revised acquisition proposal, indicating a steadfast commitment to its independent growth trajectory. The rejection comes amid a flurry of speculation and anticipation surrounding potential consolidation moves within the mining sector. Anglo-American's decision underscores its confidence in its strategic direction and inherent value, prompting a significant market response and generating widespread interest among investors and industry observers.

The improved bid from BHP, a major mining conglomerate, aimed to enhance its position in the global market through the acquisition of Anglo-American's assets and operations. However, Anglo-American's board deemed the revised offer inadequate, citing various factors such as valuation, synergies, and strategic fit. This move reflects Anglo-American's determination to safeguard its shareholders' interests and pursue avenues that maximise long-term value creation.

Infrastructure Urban

25 Sep 2025

PNC Infratech Bags Rs 4.96 Billion Bihar Bridge Project

PNC Infratech Ltd on Friday announced it has received a letter of acceptance (LoA) worth Rs 4.96 billion from the Bihar State Road Development Corporation (BSRDC).The contract involves constructing a high-level bridge and approach road along the Hathouri–Atrar–Bavangama–Aurai Road, covering a total distance of 21.3 km. Awarded under the Engineering, Procurement, and Construction (EPC) model, the project is scheduled for completion within 1,095 days, or three years.The company confirmed that neither its promoters nor group entities hold any financial or business interest in the awarding a..

India Secures Second Deep-Sea PMS Exploration Contract

Union Minister Dr Jitendra Singh announced the signing of a 15-year contract between the Ministry of Earth Sciences (MoES) and the International Seabed Authority (ISA) granting India exclusive rights to explore Polymetallic Sulphides (PMS) across a 10,000 sq km area of the Carlsberg Ridge in the Indian Ocean, according to an MoES release.With this agreement, India becomes the first country globally to hold two PMS exploration contracts with ISA, reinforcing its pioneering role in deep-sea resource exploration and strategic presence in the Indian Ocean.Dr Singh said the contract represents a ma..

Odisha Unveils Policy to Attract Investment in Pumped Storage

The Odisha government, after identifying 45 potential sites for Pumped Storage Projects (PSPs) earlier this year, has introduced a policy framework to monitor and regulate PSPs in the state. The policy is designed to attract investment from public and private developers and aligns with the PSP Policy 2025 and the Renewable Energy Policy 2022.The Energy Department’s latest Operational Guidelines to Odisha PSP Policy identify potential locations for off-the-river closed-loop PSPs. With many sites still unregistered or unsurveyed by state and central agencies, and with the growing importance of..