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If BHP’s proposed acquisition of Anglo is successful, it would create one of the world’s biggest copper miners.
“We are not interested in bidding for Anglo American, as we are building of our own,” Bristow toldBristow is betting on developing the Reko Diq copper project in Pakistan in which it holds a 50% stake, the first phase of which is expected to cost $5.5 billion. Reko Diq, one of the biggest yet-to-be-developed copper mines in the world, is also 50% owned by the government of Pakistan. Saudi Arabia is in talks to buy part of the stake from the Pakistan government.
However Bristow said that the company has received written assurances from the junta that there was no threat of its assets being nationalized.Ecuador court puts nail in $3bn copper project’s coffin
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