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.