Anglo American Assets
Anglo American, headquartered in London, is a major producer of copper, nickel, iron ore, coking coal, platinum, and diamonds. The BHP deal would be contingent upon the prior distribution of Anglo’s interests in Anglo American Platinum and Kumba Iron Ore to its shareholders, reducing its exposure to South Africa.
Anglo’s copper mining operations include Quellaveco in Peru and Los Bronces, El Soldado, and Collahuasi in Chile. The company also operates iron ore and nickel mines in Brazil, coking coal mines in Australia, manganese mines in South Africa, and a potash project in Britain. Anglo has a significant presence in the diamond industry through its 85% stake in De Beers.
BHP Assets
BHP, headquartered in Melbourne, produces iron ore, coking coal, copper, and nickel, and is expanding into potash production. Iron ore and copper are its primary revenue generators, with its Escondida mine in Chile and Antamina mine in Peru among the world’s top ten copper mines by capacity.
BHP is actively pursuing potash production, with initial production from its Jansen project in Canada expected in late 2026.
Financial and Production Data
Anglo reports on a calendar year basis, while BHP reports on a financial year ending on June 30. Key financial and production data for both companies are summarized in the table below:
| Key Data | Anglo American | BHP |
|—|—|—|
| Market Cap (as of April 25, $ billion) | 36.71 | 148.76 |
| FY23 Revenue ($ billion) | 30.65 | 53.8 |
| FY23 Profit Attributable ($ billion) | 0.3 | 12.9 |
| FY23 Production Data (metric tons) | | |
| – Copper | 826,200 | 1.71 million |
| – Iron Ore | 59.9 million* | 257 million |
| – Coal | 16 million | 29 million |
| – Nickel | 40,000 | 80,000 |
*Includes Kumba, which would be divested before the BHP deal.
