BHP’s biggest mistake was merging with Billiton - and then off loading S32 - now they are hybernating Nickel and Phosphate - sold their Oil and Oil Shale and paying compensation for a failed Dam - they need to save face and Anglo was the goal but not the coal assets - Glencore will be hoping they can repeat their Teck purchase
BHP want Anglo and the coal mines might be then theirs to sell - unless Anglo moves quickly
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