The potential deal is still in its early stages, and there is no guarantee that BHP will proceed with an offer. Representatives from both BHP and Anglo American have declined to comment on the matter. Anglo American has recently reported a significant decline in profits for 2023, along with a reduction in its dividend payout due to a slump in the prices of key commodities. In response, the company has written down the value of its De Beers diamond unit by $1.6 billion and has scaled back its copper production targets. Additionally, Anglo American has proposed eliminating 3,700 jobs from its South African platinum operations and has taken a writedown on its nickel business.
BHP Considers Potential Takeover of Anglo American
