BHP Group, the world’s largest publicly traded mining company, has made an offer to acquire London-listed mining conglomerate Anglo American in a transaction valued at approximately £31.1 billion ($38.84 billion). The proposed acquisition would create a mining behemoth with a dominant position in the global copper market, accounting for roughly 10% of global copper production.
Under the terms of the proposal, BHP would offer Anglo American shareholders £25.08 per share, including £4.86 in Anglo Platinum shares and £3.40 in Kumba shares for each Anglo American share. Anglo American has confirmed receiving BHP’s non-binding and conditional proposal, which is currently under review.
The acquisition of Anglo American would significantly enhance BHP’s copper portfolio, a metal in high demand due to its crucial role in the transition to clean energy. Additionally, BHP would gain access to Anglo American’s potash reserves and expand its coking coal operations in Australia, further solidifying its position as a leading global mining company.
If approved, the acquisition of Anglo American would represent a major consolidation within the mining industry, creating a company with a commanding presence in key commodities essential for the future of energy and infrastructure.
