BHP’s rivals keep keen eye on Anglo M&A drama

Tight market: An Anglo American building in Johannesburg, South Africa. BHP’s offer to buy Anglo American highlights the competition for resources in the industry. — Bloomberg

London: Two of BHP Group’s biggest rivals are sitting on the sidelines for the moment as they watch to see how a takeover offer for Anglo American Plc will play out.

Both Rio Tinto Group and Glencore Plc are more focused on waiting for opportunities to snap up specific parts of Anglo’s business as BHP’s bid unfolds, rather than pursuing rival offers for the entire group.