BHP bets billions on Chile mines to face global copper crunch
BHP detailed to investors this week plans to spend $10.7 billion to $14.7 billion within about 10 years.
According to a detailed report in the U.K.’s Sunday times newspaper, Global mega commodities group, Glencore, which recently listed in the London stock Exchange’s largest ever IPO, is considering a what appears to be a £12 billion (US$20 billion) friendly takeover of European-based diversified mining and metals company, ENRC (Eurasian Natural Resources Corporation). If such a move takes place this would convert Glencore from the world’s largest commodities trading group into one of the globe’s biggest integrated mining and metals companies – even without taking into account its 35% stake in Xstrata.
