BHP Group drops its bid for Anglo American, ending plans to create a global mining giant

📆 22/11/45 01:13 م
📰 AP

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BHP Group has dropped its 38.6 billion pound or $49.3 billion bid for Anglo American. That ended plans to create a global mining giant focused on copper and other minerals that are expected to drive the transition to renewable energy. The Melbourne, Australia-based BHP announced the decision late Wednesday.

FILE - Mining giant BHP Billiton logo sits on the outside of their head office in Melbourne, Australia, Thursday, Nov. 27, 2008. Australian mining giant BHP Group on Wednesday, May 29, 2024, pledged to invest in the South African economy as it seeks support for a 38.6 billion pound bid to acquire Anglo American, which was founded in the country more than a century ago and remains one of its biggest employers. LONDON — BHP Group has dropped its 38.

“BHP will not be making a firm offer for Anglo American,” CEO Mike Henry said late Wednesday in a statement to the London Stock Exchange.

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