The proposed $39 billion combination has more than enough components to trigger intense oversight by regulators concerned about implications for market concentration and access to key minerals.
Miners like Zijin Mining, China Minmetals and others are likely to examine closely a deal that creates the world’s top copper producer, Bloomberg says.
One measure under consideration is a trilateral arrangement through which the Philippines would supply raw nickel material, the US would provide financing, and a third country would offer the technology required for smelting and refining.