BHP must pay much more to cherry pick Anglo assets, shareholders insist
At Anglo's Kolomela mine near Postmasburg in the Northern Cape, this bucket wheel excavator and stacker reclaimer work in combination 24/7 to reclaim iron ore and then stack it in bulk quantities. Photo: Anglo American
The world's No. 1 miner is weighing up its next move after its initial $39 billion takeover proposal for smaller rival Anglo was rejected last week. The proposed premium was 31% on Anglo's implied value. BHP has proposed that Anglo sell its shares in units Anglo Platinum and Kumba Iron Ore as an option to exit the South African assets it doesn't want included in the deal.South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we're about to enter a new chapter of fearless journalism. Join our free subscription trial to unlock this story and a world of news aimed to inform, empower, and inspire.
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