The head of combined Australian miners Zinifex Ltd (ZFX.AX) and Oxiana Ltd (OXR.AX) said on Monday the merged company could be interested in any assets BHP Billiton Ltd (BHP.AX) may have to sell in its bid to acquire fellow miner Rio Tinto Ltd (RIO.AX).
There will be some very good assets that just don't fit the size, Andrew Michelmore told a media conference, referring to a combined and Rio.
We want to be in the place to review those, there could be some very good opportunities.
He added the merged company is interested in acquisitions in coal, hydro power and bulk commodities.
Zinifex shareholders earlier approved the A$4.3 billion ($4.0 billion) takeover, which will create Australia's third largest diversified mining group after BHP Billiton and Rio Tinto.
BHP has said it does not expect to have to sell any assets in a Rio acquisition. ($1=A$1.06) (Reporting by Victoria Thieberger)
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