China Seen Creating Its Own BHP to Boost Foreign Mining Buyouts

China Seen Creating Its Own BHP to Boost Foreign Mining Buyouts

Nelson Ching/Bloomberg

A cyclist rides past the China Minmetals Corp. headquarters in Beijing. Minmetals, China's largest miner by revenue, had assets of $36.6 billion at the end of 2011-- dwarfed by BHP’s $122.1 billion, according to data compiled by Bloomberg.