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...Anglo American’s key South African shareholders are open to a takeover offer from BHP, despite government concerns that the miner’s £30bn-plus proposal is bad for Africa’s most industrialised economy....
...The world is lagging behind in the investment needed in critical minerals, a UN report warned last month, with copper suffering the biggest investment shortfall with 80 new mines that needed to be developed...
...Last year tea and coffee company Finlays sold its tea estates, which neighbour Lipton’s, to Sri Lankan group Browns Investments....
...Asief Mohamed, chief investment officer at Aeon Investment Management, which manages investments in BHP and Anglo, said the Competition Commission would likely “scrutinise the potential loss of white-collar...
...The group’s North American arm already has an established debt business. The aristocratic Grosvenor family has owned property in London for more than 300 years....
...The company was bought by US buyout group American Securities in 2011 before Apollo agreed to acquire it in 2014....
...“Anglo American is a local mining story that goes back more than 100 years in South Africa,” said Zwelakhe Mnguni, chief investment officer of Johannesburg-based Benguela Global Fund Managers....
...BHP has proposed buying rival Anglo American in a £31bn deal that provoked a backlash from the South African government and leading shareholders....
...Indonesian property developer Suryacipta Swadaya announced last week that BYD will build a $1bn factory on 1.08 sq km of land in West Java province....
...BHP’s potential bid for fellow miner Anglo American threatens to put a dent in that hard built reputation....
...month, the FT reported that a consortium of co-operatives in Kenya claimed it was ignored after expressing an interest in buying the estates, arguing that a sale to the local community would restore the land...
...It’s a hope that the American public land is still the American public land and it can’t be controlled.” And Cape, of all things, builds fences for a living....
...It “does not reflect a view of South Africa as an investment destination and is based on portfolio and commodity considerations”....
...North American rivals such as Mark Bristow’s Barrick Gold are also likely to be weighing their options, while a bid for all or part of Anglo American from Brazil’s Vale, India’s Vedanta Resources or a Chinese...
...The country’s Public Investment Corporation is Anglo’s biggest shareholder....
...As Bristow said, “the industry needs investment in its future”....
...Andy Forster, senior investment officer from Argo Investments, which holds shares in BHP, said that “it makes sense for copper, but as always with large complex transactions [it is] hard to complete without...
...This ambition culminated when BHP chair Ken MacKenzie called his counterpart at Anglo American on April 16 to deliver a $31bn preliminary offer for the London-listed miner....
...It recently launched a UK lending strategy, and has increased its overseas investments, as part of efforts to generate a higher yield from its investments....
...He was most recently chief executive of American Equity Investment Life, which was just acquired by Brookfield for $4bn....
...When selecting investments, portfolio managers might look a couple of years ahead. Company boards should consider the next decade. BHP has “copper” in its crystal ball....
...New York-based infrastructure investment group Greenbacker Capital operates a dozen solar-grazing sites across the US....
...It adds a third investment string to a bow previously limited to Europe and the US, plus a giant market for meat, soy and minerals....
...Industry figures said farmers in their source markets of Ecuador, Brazil, Peru and Colombia were scrambling to acquire seedlings and adding to the land area devoted to the crop....
...China’s BRI invested almost €1tn in 152 countries between 2013 and the middle of last year, according to the American Enterprise Institute think-tank....
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