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Chinese Miners See Opportunities as BHP’s Mega Bid Unfolds
China’s leading metals companies, including its state iron ore buyer, are considering their next moves following BHP Group’s blockbuster $39 billion approach for rival Anglo American Plc, potentially the largest mining deal in over a decade. The world’s top consumer of commodities including copper and iron ore, China and its regulators play a key role in any global resources combination. In the aftermath of last week’s proposal, its mining companies are still trying to understand the exact configuration of a deal that is still in flux. That includes the impact on tight supply of copper concentrate for the ... (full story)