BHP / Anglo – Standstill Expiring

More importantly, Anglo executing the strategy communicated to shareholders:

* Already 2 selldowns of Angloplats to increase free-float for demerger

* Sold Aus coal – dont agree with it

* Making progress on Copper side in SAmerica – this is the most crucial

Copper – talked about the latest Chinese moves in the likes of Zambia, DRC, Mongolia – now they are acquiring the Appian assets in Brazil…

…assets such as Khoemacau ie Tier 2 that went for USD2bn to the Chinese are likely worth USD4-5bn spot and as I also said, they will be going for USD15-20bn in years to come…

…but more importantly, there will be few or non-existent entry point regardless of price – it is going to happen!

PS: Chinese Copper assets acquisition – recent:

There are no projects out there at PFS/BFS – look at the last 3 Chinese – Kitumba (12yr LoM), Chemaf (so many issues), Xanadu (incredibly low grade) and now Mineracao (small scale)