Street Talk First Look

Wednesday

December 14, 2022

Street Talk

First Look

Good evening,

It’s loose ends and pipeline time of year, and tonight we have a bit of both from the major miners.

In loose ends, we check in on BHP’s $10 billion bid for OZ Minerals, while the pipeline play is Rio Tinto’s lithium chase after the miner talked up its ambitions at an investor briefing this week.

Elsewhere, we think we’ve found the source of the big transition portfolios washing through the market in the past week, while tech company Willow has secured $US28.8 million in a raising.

Happy reading,

Anthony Macdonald, Sarah Thompson and Kanika Sood

Street Talk editors

Tomorrow’s headlines

Street Talk

Rio Tinto talks up lithium M&A; investors hunt for targets

Its Rio Tinto’s turn to pull out the chequebook and summon a beauty parade, after BHP’s move on OZ Minerals.

Street Talk

BHP churns through OZ Minerals diligence, deadline nears

OZ Minerals and suitor BHP are working hard to bring a bit of Christmas cheer to the copper play’s shareholders, although not everyone’s convinced they’ll be able to pull off the $10- billion deal by the end of next week.

Street Talk

UniSuper’s merger ruffles portfolio line-up; blocks fly, fundies wait

It’s musical chairs time at $115 billion superannuation fund UniSuper, which has locked in its merger with Sydney’s Australian Catholic Superannuation (ACS) and is now absorbing the smaller fund’s investment pool.

Street Talk

Digital twin start-up Willow banks $40m, funded into 2024

Digital twins start-up Willow’s seen the best and worst of funding market conditions. Now it’s trying to make the most of a fresh equity injection.

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