In a surprising turn of events, BHP Group walked away from its proposed $49.2 billion takeover of Anglo American Plc. The deal’s demise hinges on a disagreement over Anglo-American’s South African assets. BHP sought to acquire these assets to become the world’s leading copper producer, but Anglo American rejected the deal structure.
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In a move that could reshape the global copper market, Anglo American has again rejected a takeover bid from BHP. The $42.7 billion offer, though higher than BHP’s initial attempt, wasn’t enough to sway Anglo American’s board. BHP is determined to become a copper giant, but Anglo American seems focused on going it alone.
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Japanese steelmakers are raising red flags over a potential merger between mining giants BHP and Anglo American. The deal could create a dominant player in the coking coal market, a key ingredient for steel production.
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In a monumental move within the gold mining industry, Australia’s Westgold Resources has entered into a substantial cash-and-stock agreement to acquire Toronto-listed…
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Lithium is a key metal used in electric vehicle batteries, and the demand for it is expected to soar in the coming…