BhP sets plans to take plans to choose a miler angle anglo american with ice

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BHP has recovered from the return of another Anglo American bid, according to people close to having too much money for the Australian group.

London-based Anglo began a restructuring plan last year, amid a failed BhP experiment, with plans to divest its coal, platinum and diamond businesses that were well received by investors. .

Australia’s BHP has been watching Alehalo closely but believes the miner’s shares are too expensive to justify a fresh bid, according to three sources close to the situation.

The price of ANG SONA rose by 40 percent in the last 12 years, while Bhp fell 17 times and in the real estate market 4 times.

George Cheveley, it’s hard to see that it’s the things they think, it’s hard to see why they would ride even more, “investment manager.

Anglo’s entertainment project would create a company that was small in scope but focused on making copper and other metals.

Anglo forked out about $4.9bn for its coal properties in Australia last year and is closing in on its mines in Brazil, with an announcement expected in the coming weeks. The dissolution of its business in South Africa is expected this year, when it gave the first business of the stretch again, according to the company.

Anglo shares are trading 3 per cent higher than BHP’s closing value last month, according to Ben Davis figures.

The renewed approach would be another opportunity behind Anglo holding onto its platinum business, he said. “It’s going to be a different company after the changes,” he said. “I feel like there’s already a marketing game in the shares today.”

Holding Anglo’s copper assets – particularly its copper mine in Chile, was an important part of Anglo.

BHP said it is focused on investing in its existing copper assets. But that is expensive: The company revealed last year that it is necessary to spend up to $ 10Bn to strengthen the production of the Escondida mile.

The company has just completed the $3Bn purchase, together with Lundin, of the Argentine conglomerate’s asset, Filo Del Sol.

“No business should ‘do’ a BHP transfer,” Mike Henry told financer Mike Henry in December.

He also said that the company should only pursue the right product, long-life goods, and when more value can be opened by BhP owners. “It’s a pretty tough statistic. There aren’t many opportunities that satisfy all of those criteria,” he said.

Under the growth phase of Development Care Chief Executive Officer Katherine last year, BHP developed some of the activities around the world, which had been separated in previous phases.

Under the rules of London of London, it is allowed to renew its application for Anglo, is it clear that it should do so, according to the time period of six months until the end of November.

Additional reporting by Susannah Savage