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BHP Group Limited (BHP.L)
- Reuters
BHP to reshape copper market with Anglo bid
London-listed miner Anglo American said on Thursday it had received an all-share buyout proposal from BHP Group, a deal that would make the world's biggest listed miner also the largest producer of copper globally. The deal, if agreed, would also trigger further transactions in the global mining industry, which has seen a flurry of mergers and acquisitions as companies look to raise exposure to metals deemed critical to the energy transition. Big read through for other copper producers clearly the global consolidation is on.
- The Telegraph
BHP plots possible takeover of rival mining giant Anglo American
Mining giant BHP is weighing a possible takeover of rival Anglo American in what would be one of the biggest deals of the year.
- Reuters
Anglo American receives BHP buyout proposal, could reshape copper market
MELBOURNE/LONDON (Reuters) -London-listed miner Anglo American said on Thursday it had received an all-share buyout proposal from BHP Group, a deal that would create the world's biggest copper miner churning out around 10% of global output. The deal, if agreed, would also trigger further transactions in the global mining industry, which has seen a slew of mergers and acquisitions as companies review their assets to raise exposure to metals deemed critical to the energy transition. "This is all about copper," said Ben Cleary, portfolio manager at Tribeca Investment Partners, which holds shares in BHP and Anglo.
