Thomas Biesheuvel
Thomas Biesheuvel is a seasoned journalist with a focus on the mining and metals industry. He has been reporting for Bloomberg News for over a decade, covering major deals and shifts in the sector. His work is known for its clarity, accuracy, and lack of bias.
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The Daily's Verdict
This author is known for its high journalistic standards. The author strives to maintain neutrality and transparency in its reporting, and avoids conflicts of interest. The author has a reputation for accuracy and rarely gets contradicted on major discrepancies in its reporting.
Bias
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Conflicts of Interest
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Contradictions
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Deceptions
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Recent Articles
Anglo American and BHP's Takeover Battle: Deadline Approaches as Valuation Concerns Persist
Broke On: Wednesday, 29 May 2024Anglo American rejects BHP's extension request in ongoing takeover battle, as mining giants discuss potential copper mining merger amidst green energy transition efforts. The future of the deal is uncertain as both companies express concerns and demands. BHP's $42.67 Billion Buyout Offer Rejected by Anglo American: Implications and Next Steps
Broke On: Monday, 13 May 2024BHP's $42.67 billion buyout offer for Anglo American has been rejected, marking a setback in BHP's efforts to merge the two mining giants. Despite this, BHP remains optimistic about the potential benefits of a merger and expects Anglo American to present its plans on Tuesday. Nickel Industry Faces Financial Crisis Due to Increased Supply from Indonesia and Shift in Demand for Electric Vehicles
Broke On: Monday, 05 February 2024The nickel industry is facing financial difficulties due to a flood of new supplies from Indonesia, resulting in a 40% crash in prices and a loss of money for over 60% of the global industry. Nickel's shift in demand as an ingredient for electric vehicle batteries has led to increased production from countries such as New Caledonia and Australia, but this surge in supply is causing problems for many mines. Glencore to Acquire Majority Stake in Teck's Steelmaking Coal Business
Broke On: Tuesday, 14 November 2023Glencore PLC is set to acquire a 77% stake in Teck Resources Ltd's steelmaking coal business, Elk Valley Resources, for USD6.93 billion in cash. As part of the arrangement, Teck has agreed with Japan's Nippon Steel Corp that its current 2.5% interest in Elkview Operations will be rolled up to equity in Elk Valley. South Korean steel maker Posco Holdings Inc also intends to exchange its current 2.5% interest in Elkview Operations and its 20% interest in the Greenhills joint venture for a 3% stake in Elk Valley. Glencore plans to list the combined coal operations on the New York Stock Exchange within two years of the acquisition closing.