Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
The Competition Commission on Thursday recommended the approval of the merger that would see mining major Anglo American gain joint control over chrome-ore mining and smelting group Samancor, without conditions. Anglo American already held a 40% stake in Samancor, with mining company BHP Billiton holding the remainder; however, BHP Billiton currently had sole control over Samancor. Following the merger, Anglo American and BHP Billiton would have joint control over Samancor, comprising Samancor Holdings, Groote Eylandt Mining Company and Samancor AG.
The Competition Commission on Thursday recommended the approval of the merger that would see mining major Anglo American gain joint control over chrome-ore mining and smelting group Samancor, without conditions. Anglo American already held a 40% stake in Samancor, with mining company BHP Billiton holding the remainder; however, BHP Billiton currently had sole control over Samancor. Following the merger, Anglo American and BHP Billiton would have joint control over Samancor, comprising Samancor Holdings, Groote Eylandt Mining Company and Samancor AG.
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