CAPITAL MARKETS

BHP shares surge on news of Caemi offer

BHP shares jumped 32c to $19.08 in the first hour of trade this morning after the Australian mining giant officially announced it has bid for a controlling stake in the world's fourth largest iron ore miner, Brazil's Caemi.

Greg Tubby

In what would be its biggest corporate move since Paul Anderson took the helm, BHP said it has entered into an agreement with the Frering brothers to buy their 20% equity stake in Caemi for US$332 million,...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.