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...The wrangling comes as BHP is preparing a formal offer that could transform the producer of iron ore, coal and nickel into a mining supermajor, with Anglo’s coveted copper mines in Latin America as the main...
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...Just separating Amplats and Kumba is insufficient. Other divestments should follow. Ailing De Beers, 85 per cent owned, is a misfit: diamonds are as much branding as mining....
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...According to people familiar with the matter, Plaza Investments Ltd was the name of the Ras Al Khaimah entity to which the payment was made....
...Others say that Chinese mining groups — hungry to secure copper and better positioned to handle the tricky situation with the South African government — should not be ruled out....
...BHP has proposed a £31bn takeover of Anglo American that would bring together two global mining companies and rank as one of the industry’s largest transactions in years....
...And if you want to invest in a mining company, the London Stock Exchange has historically been one of world’s top destinations....
...It would also enlarge BHP’s footprint in iron ore and steelmaking coal. The deal would be the mining sector’s largest ever....
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...and Transnet, implement market reforms in electricity and logistics, and revive economic growth....
...and the 136-year-old diamond company De Beers.Rival miners with the firepower to mount a competitive offer include the Anglo-Australian mining company Rio Tinto and UK-listed Glencore....
...PIC said “any transaction presented will be assessed to ensure value creation for our clients” but noted that mining “remains a critical part of the South African economy” and “new opportunities that may...
...Ultimately, deal complexity and South African hassles may win out against the cost, risk and expense of attempting to build a new mine....
...Colleagues describe Henry as “reserved” and lacking the more assertive traits of some of his peers in the Australian mining sector....
...The deal, which was initially valued at £31bn, would be the biggest on record for the mining sector....
...Browns is owned by Sri Lankan holding company LOLC Holdings, whose portfolio spans cars, pharmaceuticals, mining, agriculture and financial services....
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...Analysts and investors have predicted Anglo’s rejection of the offer will encourage competitors such as Glencore and Rio Tinto to table rival bids and BHP to improve its price....
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