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BHP would be getting a copper portfolio worth $US25.4bn and a a South American iron ore operation worth $US8.4bn if it buys Anglo American.
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The Australian
 

Good afternoon,

Bring on the copper wars. BHP boss Mike Henry’s high-stakes move on UK giant Anglo American represents a play for some of the last significant operational copper mines on the market, writes Eric Johnston. And while talks are in early stages, it represents an all-or-nothing bet by the Australian mining giant on the metal that is  set to underpin the world’s green energy shift.

BHP’s play for majority of £27bn ($56bn) London-listed miner will also keep investment bankers and advisers busy for months to come, with further asset sales and attempts made to drum up rival interest, reports DataRoom.

Meanwhile tensions are building before TPG Telecom’s annual meeting next week with a major shareholder opposing the re-election of founder David Teoh’s son – the only family nominee at the top table.

And if you've noticed a few more bottles of Nescafe's instant coffee in the office break room or in a suburban kitchen, that's because sales of the classic and cheap option are up.



Perry Williams
Business editor
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