SHTLF - BHP's Spinoff South32 Eyes Anglo American's Manganese Assets | Benzinga
South32 Ltd (OTCPK: SHTLF), the diversified mining company spun out of BHP Group Ltd (NYSE:BHP) in 2015, has expressed interest in acquiring Anglo American's (OTCQX:AAUKF) share of their jointly owned manganese assets.
While BHP's acquisition efforts mainly focus on prized copper assets, Anglo American also announced restructuring amidst a strategic focus on copper and iron ore.
“At the right price, absolutely. We know them better than anyone else,” said South 32 CEO Graham Kerr, highlighting the company's familiarity with these operations and strategic interest in bolstering their portfolio.
South32, headquartered in Perth, Australia, is the world's largest producer of manganese, a critical steel hardening additive. The company operates major manganese mines at the GEMCO facility in Australia's Northern Territory and South Africa's Kalahari ...