The proposed takeover of London-listed Anglo would rank as one of the biggest deals in the global mining industry of the past decade and comes as miners race to corner the market for copper, which is in high demand from the clean energy sector.
However, within hours of the proposal emerging the deal had attracted criticism from some of Anglo American's biggest investors including South Africa's government, throwing up a potential obstacle to the BHP plans.
Gwede Mantashe, South Africa's mining minister, told the Financial Times he was against the takeover plan because of the country's previous experience with BHP was "not positive", although he stressed this was not an official government position. South Africa's Public Investment Corporation is Anglo American's biggest shareholder and a significant number of its mines are located in the country.
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Denne historien er fra April 26, 2024-utgaven av The Guardian.
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