Anglo faces headwinds in keeping restructuring on track
Anglo has been forced to accelerate its restructuring after successfully holding off a bid from BHP, the world’s biggest miner.
The US$89 million shares-and-cash acquisition of Estonia’s AS Silmet by Colorado’s Molycorp means both rare earth companies “will be able to take advantage of the very robust price situation in the market right now,” Molycorp CEO Mark Smith said during a conference call with analysts Monday.