(The authors are Reuters Breakingviews columnists. The opinions expressed are their own.)
By Chan Ka Sing and Antony Currie
HONG KONG/MELBOURNE, April 30 (Reuters Breakingviews) - T he People’s Republic may not kick up a stink about a merger like it did with the Aussie miner’s 2008 Rio tilt. Suppliers of copper are more fragmented than those of iron ore, Beijing’s M&A interventionism has matured, and friends like South Africa can lead any deal opposition.
CONTEXT NEWS
South Africa’s government is scrutinising BHP's proposal to buy rival miner Anglo American, Reuters reported on April 25. The all-share deal valued the miner at $39 billion at the time of the offer.
The country's mining minister, Gwede Mantashe, told the Financial Times on April 25 that he wouldn’t support it.
As part of its proposal, BHP wants Anglo first to hand to shareholders its majority stakes in two Johannesburg-listed companies.
(Editing by Una Galani and Katrina Hamlin)
((For previous columns by the authors, Reuters customers can click on and KaSing.Chan@thomsonreuters.com; Reuters Messaging: KaSing.Chan.thomsonreuters.com@reuters.net))
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