BHP has proposed a takeover of Anglo American in an all-stock deal that would bring together two global mining companies and rank as one of the industry’s largest transactions in years.
BHP, the world’s largest mining company with a market capitalisation of A$229bn (US$149bn), is seeking to use a takeover of Anglo to expand its portfolio of copper mines, a metal vital for the energy transition, according to people familiar with the matter.
Anglo owns some of the sector’s most coveted copper mines in Peru and Chile.
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