Lure of Anglo’s copper mines could test BHP’s spending resolve
BHP needs to offer at least a 40% premium over Anglo's share price for a new takeover bid, but its CEO has committed to spending discipline.
Sirius Minerals, which is trying to build a deep fertiliser mine in North Yorkshire, has had to take a stake in a Brazilian distributor to gain access to the world’s most important and fastest growing fertiliser market.
The UK listed miner announced a share swap Monday, handing over £27m of stock for a 30 per cent stake in Cibra, Brazil’s sixth largest distributor and a subsidiary of the privately held Omimex Group, a Texan oil and gas company.
