0105 GMT - Macquarie takes a look at assets that BHP likely would not want to keep if its all-stock bid for Anglo American is successful. It believes Anglo's De Beers business would not be core to BHP plans and could present negative ESG risks. Macquarie also thinks Anglo's Minas-Rio iron-ore operation in Brazil would have an unclear future under BHP's ownership. "The Brazilian footprint is risky but the product quality diversifies BHP's product quality," Macquarie says. "Nickel and Manganese are immaterial and Woodsmith appears problematic." Woodsmith is Anglo American's polyhalite fertilizer mine development in the U.K. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
April 25, 2024 21:05 ET (01:05 GMT)
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