BHP’s pursuit of Anglo American has a major obstacle: South Africa
The De Beers owner is a long-standing jewel in the African' state’s economic crown – it would be a ‘big blow’ to see it sold offThe world’s largest mining company has a problem.Australia’s BHP has set out its intentions to snap up rival miner Anglo American in a multibillion-pound deal which would reshape the global industry. Its proposed £31bn takeover plan has already been rebuffed as a lowball offer which undervalues the company. But Anglo’s deep roots in South Africa could be a far more sensitive issue to address. Continue reading...
The De Beers owner is a long-standing jewel in the African' state’s economic crown – it would be a ‘big blow’ to see it sold off
The world’s largest mining company has a problem.
Australia’s BHP has set out its intentions to snap up rival miner Anglo American in a multibillion-pound deal which would reshape the global industry. Its proposed £31bn takeover plan has already been rebuffed as a lowball offer which undervalues the company. But Anglo’s deep roots in South Africa could be a far more sensitive issue to address. Continue reading...
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