GRAPH: What global copper mining’s top tier could look like – by Frik Els (Mining.com – January 27, 2025)

https://www.mining.com/

Last year, copper mining industry watchers were kept entertained by the prospects of a tie-up between BHP and Anglo American after the world’s top miner in May launched an unsolicited bid for the 108-year old company.

The FT reported over the weekend that Melbourne-based BHP is putting a bid for Anglo on ice. Not surprising given the divergence in their share price performance and whether BHP has the pockets or the stomach for a now much more expensive acquisition has always been in doubt.

Anglo American more than once rebuffed BHP’s advances, but since the sweetened $49 billion takeover was first declared dead, the London-headquartered company has been busy getting in the right shape should BHP have another go (still not ruled out entirely, given the company’s careful wording around the issue).

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