Chinese miners see opportunities as BHP’s mega bid unfolds
China’s leading metals companies, including its state iron ore buyer, are considering their next moves following BHP Group’s blockbuster $39-billion approach for rival Anglo American, potentially the largest mining deal in over a decade.
The world’s top consumer of commodities including copper and iron-ore, China and its regulators play a key role in any global resources combination. In the aftermath of last week’s proposal, its mining companies are still trying to understand the exact configuration of a deal that is still in flux.