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Calling Chard: asparagus and leek risotto with chicken | SaltWire - British multinational miner Anglo American on Thursday said it had received an all-share takeover proposal from the world's largest listed miner, BHP Group.
The deal, if agreed, would give BHP access to more copper, one of the most sought after metals for the clean energy transition, and potash, which are its key strategic commodities, as well as more coking coal in Australia.Anglo, headquartered in London, is a major producer of copper, nickel, iron ore, coking coal, platinum and diamonds.
The BHP deal would be conditional on being preceded by separate distribution of its entire stakes in Anglo American Platinum and Kumba Iron Ore to its shareholders, which would significantly lower its exposure to South Africa.The company's assets also include iron ore and nickel mines in Brazil, coking coal mines in Australia, manganese mines in South Africa and a potash project in Britain.
Iron ore and copper are its top revenue-generating metals, with its Escondida mine in Chile and Antamina mine in Peru ranking among the top 10 copper mines in the world by capacity in 2023, according to International Copper Study Group. BHP is now working towards potash production, with first production planned at its Jansen project in Canada in late 2026.The table shows key financial and production data for both companies. Anglo reports on a calendar year, while BHP reports on a financial year ended June 30.
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