he deliberations are currently ongoing and it hasn’t made a decision on the size and structure of the new proposal
A worker is seen at Anglo American's Los Bronces copper mine in Chile, obtained by Reuters on April 26, 2024. BHP Group is considering making an improved offer for Anglo American after its $39-billion initial proposal was rejected by the London-listed miner, a source familiar with the matter told Reuters .
BHP said it does not comment on what it called “rumor and speculation,” while Anglo American did not immediately respond to a Reuters request for comment. Under UK takeover rules, BHP has until May 22 to come back with a formal offer for Anglo American. It is expected to sweeten its 25.08 pounds per share offer to try to clinch a deal that would create the world’s biggest miner of copper, a metal central to the clean energy shift.
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