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The BHP is cold back with another bid for anglo American miner, according to the company near the company, with the price increase in the part of the Anglo that makes a deal very much for the group of Australia.

The Anglo listed in London launches a radical reconstruction plan last year, between unsuccessful attempts to take the BHP of £ 39bn, with plans to sell coal businesses, platinum and diamond accepted by investors.

The Australian-based BHP is firmly undergoing Anglo’s progress but assumes that miner parts become very expensive to justify a new bid in the nearby term, according to three people near the situation .

The price of the Anglo has increased 40 percent in the past 12 months, while the BHP has been 17 percent at the same time because of the low-priced Iron ore and a weak real estate market in China.

“On its face, if the BHP bids what they think fair value, it’s hard to see why they’re still bid now,” George Cheveley, Ninety One Manager to investment.

Anglo’s ambitious plan resistance will generate a smaller company in terms of income but one more focused, making 54 per cent of its income from brass and others from Iron Ore.

The Anglo earned $ 4.9bn for his Australian coal assets last year and approached a deal for its nickel mines in Brazil, with an anticipated notice of coming weeks. A spinout of South Africa platinum business is expected this year, while the initial public offering of de beers diamond business can arrive next year, according to the company.

Anglo parts sell about 3 percent higher than the final all-share offer of BHP in May last year, according to the calculations of Ben Davis, RBC analyst.

A flexible bid can be more likely after anglo to play platinum business, he said. “This is a different company after changes in the change,” he said. “I feel like having a bid premium in parts now.”

Getting the copper properties of anglo – especially its stake in the collahuasi mine and the copper mines in the quellaveco in Peru – a significant part of the BHP for Anglo.

The BHP says it focuses on investing in current copper properties. But it’s expensive: The company revealed last year that should spend up to $ 10bn to increase the production of the copper mines in Chile’s copper.

The company has recently completed $ 3bn purchase, with Lundin Mining, in an unpredictable Argentine Copper Asset, Filo del Sol.

“There is no transaction a ‘need to do’ transaction for the BHP,” the chief executive Mike Henry in Financial Times in December.

He added that the company only keeps deals only if it is for the right product, with the right long-standing assets, and if the added value can be opened with BHP ownership. “That’s a rigid set of trials. There are no many opportunities that have achieved all the criteria,” he said.

Under the principal officer Catherine Raw, who joined the company in April, the BHP recently restructured its mergers and acquisitions teams to consolidate certain tasks around the world, which were divided into the regional line.

Under London Takeover rules, allowing the BHP to change their bid for anglo, if it wants to do, after expiring six months of stopping at the end of November.

Susannah Savage Report