BHP’s siren song to Anglo shareholders is operational excellence
A claim to be the mining sector’s “best operator” is a big part of BHP’s pitch to Anglo shareholders, as it promises to get more blood out of the same stones.
A claim to be the “best operator” in the global mining industry is shaping as a pivotal plank in BHP’s pitch to Anglo American investors, seizing on an opportunity that Rio Tinto chief Jakob Stausholm has helped create for his biggest rival.
Stausholm has regularly cited his desire for Rio to “get back” to being the best operator, in a strategic goal that effectively concedes that someone other than Rio is the best in the business right now.
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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com
