mining

BHP seeks merger with Anglo American - Bloomberg

Kitco Media
By Michael McCrae
Published
Updated
BHP seeks merger with Anglo American - Bloomberg teaser image

BHP Group has made an unsolicited offer for Anglo American, according to a report by Bloomberg.

Anglo American received an unsolicited all-share merger proposal on Wednesday. Anglo American acquisition would give BHP copper upside. Anglo American is expected to produce 730–790 kt of copper in 2024 mostly due to operations in Chile and Peru. 

BHP Group is the world's largest diversified miner with a market cap of about $150 billion. 

If the deal was to go through, BHP is asking that Anglo split off its platinum and iron ore businesses.

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Michael McCrae

Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties. He was co-founder and publisher of MINING.com, an award-winning news site. Before coming to media, McCrae worked in IT and banking. Please reach out: mmccrae@kitco.com or (514) 670-1383. You can also follow him at @michaelmccrae.

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