No 1 source of global mining news and opinion
Japanese steelmakers have raised concerns with Australian authorities that BHP Group could become too dominant in the global supply of coking coal if it goes ahead with a takeover of Anglo American.
“BHP already has a large share of the supply of high-quality hard coking coal in the seaborne trade, and we will take measures to ensure that further oligopolization will not impede sound price formation and stable supply,” a JFE Steel spokesperson said, declining to elaborate on what measures they could take.
“BHP needs to explain to Japanese steelmakers and the market more broadly how it will ensure the ongoing supply of steelmaking coal remains competitive,” he said. The Fair Trade Commission declined to comment whether it has received any request to examine the BHP-Anglo deal. BHP CEO Mike Henry said last year the company “will not be investing any further growth dollars in Queensland under the current conditions”.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
BHP insists Anglo American’s South African assets must go in any takeover, sources sayNo 1 source of global mining news and opinion
Les mer »
How BHP’s CEO prepared for the Anglo American offerNo 1 source of global mining news and opinion
Les mer »
BHP bids $39 bln for Anglo American as miners chase copperBHP Group bid $38.8 billion for Anglo American on Thursday, offering a deal to forge the world's biggest copper miner and driving its smaller rival's shares 16% higher.
Les mer »
BHP-Anglo American potential merger: It’s all about copperNo 1 source of global mining news and opinion
Les mer »
Jefferies digests BHP's bid for miner Anglo AmericanJefferies digests BHP's bid for miner Anglo American
Les mer »
Mining giant BHP Billiton makes $39 billion bid for Anglo American to expand copper operationsShares in U.K.-based mining giant Anglo American have surged after it received a 31 billion-pound ($39 billion) takeover bid from rival BHP Billiton. The deal would create the world’s biggest copper miner, with around 10% of global output.
Les mer »