0839 GMT - A big bet by BHP--such as its proposed takeover of Anglo American--seems inevitable given rival's Rio Tinto successful operational advances lately, Baader Helvea says. "BHP can't afford to remain complacent and just eye smaller growth bets," the equity research firm says, referring to the Australian miner's acquisition of OZ Minerals. Meanwhile, Rio Tinto's big bets on the Mongolian copper operation Oyu Tolgoi and the Simandou iron ore operation in Guinea are progressing well. Shares in Anglo American are up 13% at 2,488.00 pence. (christian.moess@wsj.com)
(END) Dow Jones Newswires
April 25, 2024 04:39 ET (08:39 GMT)
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