Mantashe slams BHP Billiton, opposes Anglo takeover
Mineral Resources and Energy Minister Gwede Mantashe has expressed antipathy to BHP's proposed takeover of Anglo American , as his previous experience with the global mining giant had been negative.that South Africa's experience with BHP was"not positive," although he added that he is not expressing an official government position on the matter.A deep dive into the big business story of the week, as well as expert analysis of markets and trends.
The minister's comments come as BHP has confirmed it has proposed an all-share takeover offer of Anglo American that values it at about R743 billion. The non-binding proposal also envisages unbundling Anglo subsidiaries Anglo American Platinum and Kumba Iron Ore, which are listed on the JSE and have substantial operations in SA. people familiar with the matter as saying the miner has been in talks with potential buyers for the diamond business.
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