Miners jointly meeting UK, Australian regulators this week, says source
BHP to pay Kumba capital gains tax estimated at 2 bln, says source
Objective is to get access to Anglo39;s books, says analyst

PERTHHONG KONG, May 23 Reuters BHP will stand firm on the structure and value of its latest takeover proposal for Anglo American, focusing instead on allaying its target39;s concerns around execution risks over the coming week, sources said on Thursday.

The world39;s biggest listed mining group now has until May 29 to make a firm bid for Anglo American or it will be forced to walk away for at least six months under the UK39;s takeover rules after it was granted a oneweek extension on Wednesday.

Two sources who have been in talks with the miner and its advisers said they expect BHP management will spend the next week properly understanding Anglo39;s concerns on an assetbyasset basis with a goal to convince it on the merits of the deal.

Baden Moore, analyst at broker CLSA in Sydney, said BHP39;s goal will be to get Anglo American to agree to open its books and allow a further extension.

They are gradually, gradually getting closer to a deal, he said.

Anglo chairman Stuart Chambers highlighted concerns on Wednesday about completion and execution risks in BHP39;s proposal, meaning the structure of any deal and the fate of Anglo39;s businesses in South Africa remain big obstacles.

One solution that BHP has already offered is to foot the bill to demerge Kumba Iron Ore…