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Anglo American’s board has blinked in the face of BHP’s “final” takeover offer and given the Australian giant a week to settle the issue of the structure of the deal, including the option for a further increase in the bid price.

Meanwhile, the coal-fired Eraring power station on the shores of Lake Macquarie in NSW will continue to operate at least two years beyond its original 2025 closure date and that could be stretched out to four under a deal between the state government and Origin Energy.

And a lack of significant returns to the shareholders of Karoon Energy has resulted in the company copping a first strike at its annual general meeting when more than 26 per cent voted against its remuneration report.