Chanticleer
South Africa open to deals – it’s all in the approach
South Africa’s government will do deals, like the ones BHP would need to acquire Anglo American, but they need to be done discreetly.
It is possible to cut a deal to get a big miner out of South Africa – just ask former BHP executive and Orica chief executive Alberto Calderon.
Calderon did it last year at AngloGold Ashanti, a $US12.1 billion ($17.9 billion) company and top five gold miner globally, which shifted its primary listing to New York from Johannesburg.
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