News Wrap

IN THIS morning’s News Wrap: Agarwal says Anglo should not be broken up; Aurizon, Macquarie spearhead $4 billion WICET restructure proposal; and St Baker tears into foreign bidding for Loy Yang B power plant.

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Agarwal says Anglo should not be broken up

The Financial Times reports that the biggest shareholder in Anglo American disagrees with a break-up of the miner and thinks instead it should invest more money in its South African operations.

Indian metals magnate Anil Agarwal said Anglo should cherish its South African assets, which span diamonds to platinum and coal, and “make them better and better”.

Aurizon, Macquarie spearhead $4 billion WICET restructure proposal

Australian coal carrier Aurizon and Macquarie Group have made an ambitious A$4 billion joint bid to take control of the recently built Wiggins Island Coal Export Terminal in Queensland, and its feeder coal mines, according to the Australian Financial Review

The cons...