Talk of BHP doing a mega deal may be premature, but Mike Henry has the miner ready to chase the growth it needs after seven years of shrinking to greatness.
There was bemusement inside BHP on Wednesday at suggestions the mining giant might be running the rule over Glencore, the commodities house which has not been afraid to criticise BHP’s strategy over the course of the past decade.
A report out of London claimed BHP’s expanded deal-making team was appraising several potential candidates for mega deals, including Glencore, which has a market value of $US54 billion ($75 billion), American copper giant Freeport-McMoRan (valued at $US65 billion), and the base metals business of Brazilian group Vale.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
