Original article by James Thomson
The Australian Financial Review – Page: 13 & 18 : 25-Jul-16
BHP Billiton has declined to comment on speculation that it is poised to acquire Anglo American’s coal assets in Queensland, with the auction process nearing its end. BHP is said to be the only remaining bidder for the assets, which initially attracted interest from companies such as Glencore and Yancoal. The Anglo American assets include the Moranbah North and Grosvenor metallurgical coal mines, and some market analysts say the deal should generate significant synergies for BHP.
CORPORATES
BHP BILLITON LIMITED – ASX BHP, ANGLO AMERICAN PLC, GLENCORE PLC, YANCOAL AUSTRALIA LIMITED – ASX YAL, AMERICAN METALS AND COAL INTERNATIONAL INCORPORATED, XCOAL ENERGY AND RESOURCES LLC, BM ALLIANCE COAL OPERATIONS PTY LTD, MITSUBISHI CORPORATION, SHAW AND PARTNERS LIMITED, TRIBECA GLOBAL NATURAL RESOURCES FUND, AUSTRALIAN FOUNDATION INVESTMENT COMPANY LIMITED – ASX AFI, UBS HOLDINGS PTY LTD