LONDON-listed mining giant Anglo American Plc is preparing to launch a $1.3bn bid for Caemi of Brazil, one of the world’s last independent iron ore mining groups, London’s Sunday Telegraph newspaper reported. Anglo will be opposed by Brazil’s CVRD, the world’s largest iron ore producer, while Rio Tinto and Billiton, Australia’s Broken Hill Proprietary Co Ltd and LKB of Sweden are all thought to have been considering bids, the paper said. Caemi is the world’s fourth largest iron ore company. The sale is complicated by Mitsui, the Japanese steel manufacturer, which holds 40% of Caemi as well as a pre-emptive right allowing it to match any offer for the company. – Reuters