Mining News — BHP Group Takes On High Stakes Bid For Another Mining Giant Anglo American

Photo by Sergei A on Unsplash

Here come the copper giants! Everyone is talking about one thing today: BHP Group’s mega deal to buy out Anglo-American. Both of these companies are considered to be among the world’s largest miners.

The proposed deal is reportedly worth $39 billion which would make it one of the largest mining deals in recent history. (Though, for some important context around global commodities, this deal would be some billion dollars inferior to the proposed Chevron-Hess deal at a whopping $53 billion.)

Anglo American receives BHP buyout proposal, could reshape copper market

Mergers and acquisitions (M&A) activity is a hot topic in global commodities right now. Since resources are not only more expensive to produce in today’s global economy, but also because the demand for energy transition is having a big impact on copper and iron-ore. The latter two commodities are principally the biggest gainers from such a mega-merger like this one.

I’ve been writing a lot about mining companies like BHP Group in the publication Areas & Producers. Since 2021, BHP Group’s strategy…