Anglo American’s South African investors open to revised BHP offer

Anglo American’s Mogalakwena mine in South Africa. Photograph: Anglo American Platinum

South African shareholders of the mining company Anglo American have signalled they are open to a revised takeover offer from BHP, despite warnings from South African politicians and unions that a deal could be bad for the country.

Key South African investors collectively owning more than 15% of the London-listed mining company told the Financial Times they were not opposed in principle to an acquisition by its Australian rival but said an improved and less complex offer would be needed.