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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Brad Thompson writes across business and politics from Western Australia for The Australian Financial Review. Brad is based in our Perth bureau. Connect with Brad on Twitter. Email Brad at brad.thompson@afr.com
