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Statement comes as the Australian miner’s chief executive visits country after political backlash

Australian miner’s bid seen as complex and laden with risks

Australian miner says steel production has plateaued in world’s second-largest economy

Plus, a look beyond the hype for Builder.ai and Oaktree takes control of Inter Milan

Company’s exit would deal another blow to City’s status as home to listed mining groups

Also in this newsletter: US inflation higher than expected, panic on Wall Street, science round-up

Its projects are not delivering sizeable growth and picking up assets on the cheap is proving difficult

Plus, how a Czech billionaire plans to stop Royal Mail’s ‘deadly’ spiral and who’s next in the oil M&A frenzy

Australian miner walks away after attempt to extend lengthy pursuit of London-listed rival rebuffed

The outcome appears to be another week of wrangling over now well-known issues