Copper boss in swipe at BHP after $393m Indonesian-led takeover bid
Brad ThompsonReporter
A veteran mining boss has described BHP as a “risk management” company after Indonesian interests swooped in with a compelling takeover offer for what is touted as Australian biggest fully permitted copper project.
Rex Minerals managing director Richard Laufmann was speaking after Indonesia’s billionaire Salim family lobbed a near-$393 million takeover offer for the copper-gold play and its flagship Hillside project in South Australia.
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