BHP 0.33% $42.78 bhp group limited

private equity firms may target mining companies

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    BHP Billiton, Anglo

    BHP Billiton, the world's biggest mining company, added 4.9 percent to 930 pence. Anglo American Plc, the second-largest, advanced 3.1 percent to 2,468 pence. Xstrata Plc, the world's fourth-largest copper producer, climbed 3.9 percent to 2,399 pence.

    Private-equity firms may target mining companies in 2007 as competition for potential acquisitions in other industries intensifies and commodity prices stay above historical averages, Ernst & Young LLP said.

    ``There's a lot of money chasing too few deals,'' Michael Lynch-Bell, head of metals and mining at the accountancy firm, said in an interview in London yesterday. ``I have told clients, this is what you should look at.''

 
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