BHP Drops Anglo American Merger, Focuses on Internal Growth

BHP Group Limited has abandoned its merger pursuit with Anglo American, citing strategic growth plans and UK takeover rules. This decision ends months of speculation about consolidation in the mining sector, particularly for copper and critical minerals. BHPs withdrawal, under UK regulations, prevents another offer for six months, unless exceptions apply. The proposed deal, which could have created the worlds largest copper producer, was hindered by Anglo Americans complex structure, regulatory hurdles, and potential shareholder opposition. BHP now focuses on expanding copper operations in Chile and potash projects in Canada, aligning with long-term demand for electrification and decarbonization.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.