BHP's Anglo American Bet Shows It Needs to Keep Up -- Market Talk

Dow Jones04-25

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)

Copyright (c) 2024 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment