Anglo American offers ‘skills and growth opportunities’ for BHP

Anglo American offers skills, opportunities for growth and diversification for BHP says Moody’s Ratings Vice President and Senior Analyst Saranga Ranasinghe. Last Thursday the world’s largest mining company BHP offered $39 billion to buy Anglo American. Anglo American’s rejected the proposal, but BHP still have until May 22nd to make a firm offer. “It’s going to add skill – in Moody’s we expect this to be on a performance basis close to about 50 per cent with a combination of the two companies, Ms Ranasinghe told Sky News Australia of the potential merge. “At the same time, it’s also going to give them options when it comes to growth and growing those copper assets with further growth potential. “Diversification is also going to improve.”