Opinion: Copper is the new oil and Big Mining sees the metal as its life blood
theglobeandmail.com/business/commentary/article-copper-is-the-new-oil-and-big-mining-sees-the-metal-as-its-life-blood
Australia’s BHP BHPLF, the world’s biggest mining company, considered a bid for smaller player Anglo American NGLOY about five years ago. BHP coveted only Anglo’s copper, and was put off by the prospect of dismantling a highly complex company to nail the prize. So it passed.
Big mistake. Copper since then has become the new oil, and no big mining house can prosper without the…
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