BHP’s strategy chief has warned that the “politicisation” of critical minerals is making mining deals more “complicated”, at a time when consolidation in the resources sector is on the upswing.
Catherine Raw, chief development officer at the world’s largest mining company, said increased government involvement as countries try to exert more control over their domestic resources was adding friction to talks and could increase costs for companies.
“The voice of the stakeholder, specifically the government and the regulator, is becoming louder and therefore the nature of any deal is going to become more complicated,” Raw told the Financial Times in an interview.
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