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BHP fighting losing battle

No-one knows who will win the takeover battle for Noront Resources, a Canadian nickel explorer, but there is a significant risk that BHP will be the loser.

BHP fighting losing battle BHP fighting losing battle BHP fighting losing battle BHP fighting losing battle BHP fighting losing battle

Twiggy Forrest has carte blanche to outbid BHP as his personal discretion (credit: DFAT/Trevor Collens)

The problem for the world's biggest mining company, and its gentleman chief executive, Mike Henry, is that BHP is competing against a rival who can afford to pay a silly price for Noront.