BHP Group is actively considering an improved proposal for Anglo American after its initial $39 billion bid was rejected. This potential acquisition, valued at R740bn, has been years in the making, with BHP aiming to enhance its position in the copper market, where prices have recently surged to $10,000 per ton. The acquisition would significantly increase BHP's copper output, potentially making it the top copper producer globally with more than 10% of the world's output. However, the bid faces challenges, including regulatory concerns in South Africa and potential political implications in the UK related to a £31bn takeover. The industry itself is facing a broader issue with a declining investment in new mines, with more than $150 billion needed to meet future copper demand.
Where the 20th century featured battles over access to oil, the 21st century is starting to be defined by a struggle over #criticalminerals. While competition is inevitable, cooperation must win the day: @RachelRizzo https://t.co/Lin7133Kgl
BHP tells investors that Anglo American bid is in line with strategy, stresses discipline https://t.co/cTW8VulQeD
Duelling rail projects hint at intensifying contest for #Africa's critical minerals https://t.co/GGaEbJd58q
BHP tells investors Anglo bid is 'on strategy', stresses discipline https://t.co/iQ6FESPG1z https://t.co/tIg5SFCnQv
BHP's Anglo buyout makes business sense if the price is right: Russell https://t.co/Qrnd0S54cm https://t.co/BSrQ2uVxwf
BHP is considering making an improved proposal for Anglo American after its $39 billion initial offer was rejected. Copper’s surge to $10,000 a ton highlighting a core disconnect at the heart of the industry: miners just aren’t building enough mines https://t.co/zmETNp6xDF https://t.co/14NvHjWaET
BHP is mulling an improved bid for Anglo. Read today's Australia Briefing, by @ainsley_thomson, for your daily dose of the best of Bloomberg from Down Under and around the world. https://t.co/57bgDdaiYJ
News24 | BHP’s R740bn Anglo copper play was years in the making https://t.co/b9GfkwgQMa
Over the weekend, Reuters came out with an update that BHP may consider increasing its offer for the copper giant Anglo American: “BHP Group $BHP is considering making an improved offer for Anglo American $NGLOY after its $39B initial proposal was rejected by the London-listed…
Copper supply at risk given lack of new mines coming online $FQVLF $SCCO $FCX $NGLOY "Production from existing mines is set to fall sharply in the coming years, and miners would need to spend more than $150 billion between 2025 and 2032 in order to fulfill the industry’s supply… https://t.co/8G0zCqGtvs
Copper supply at risk given lack of new mines coming online $FQVLF $SCCO $FCX $NGLOY https://t.co/sh3vr12a81
BHP Mega Bid and $10,000 Copper Expose Mining’s Biggest Problem Spending on new copper mines has declined in recent years CRU says more than $150 billion is needed to plug supply gap https://t.co/Nln0eUKS2G
A senior Tory MP is preparing to seek assurances from BHP over whether its attempted £31bn takeover of Anglo American will impact a major mining project in the north of England https://t.co/UJa8zZTXwA
The Australian miner wants its rival’s copper mines at a time when the red metal is in demand for electric cars, wind turbines and power networks ⬇️ https://t.co/nNHwE3NqjX
BHP's Anglo American bid. Copper at $10,000 a ton. Both highlight how miners aren’t building enough mines. https://t.co/Nhf2cW8BsC
BHP’s pursuit of Anglo American has a major obstacle: South Africa https://t.co/1DTptoMXh4
BHP’s boss has for years been looking for a mega-deal to supercharge the company’s copper business. The world's largest mine kept a file on Anglo for years, but missteps in recent months spurred it to look at a potential deal more seriously. https://t.co/lhcwhN1Rd1
Building critical mineral partnerships in Africa for U.S. economic, national security https://t.co/A4GvNUTpej
“takeover of Anglo American wld catapult BHP into top spot for copper producers, with 10%+ of world’s output. That could be a red flag for Beijing, which has long bemoaned China’s weak purchasing power against miners that dominate trade in raw materials.” https://t.co/hZnXQfzVfi
Building critical mineral partnerships in Africa for U.S. economic, national security @WashTimesOpEd https://t.co/YNaKiystx9
BHP to Consider Improved Anglo Proposal After Bid Was Rejected https://t.co/2Ri77Cqi89
BHP considering improved proposal for Anglo American after bid was rejected, source says https://t.co/Uv4zNc0rnw
News24 | BHP to consider improved Anglo proposal after bid was rejected, say insiders https://t.co/wVdULxQ36D
BHP to consider improved Anglo proposal after bid was rejected, Bloomberg News reports https://t.co/aLFGaHokD1 https://t.co/qKQBcMKM7M
BHP is considering making an improved proposal for Anglo American after its $39 billion initial offer was rejected by the London-listed miner https://t.co/pnkwgJqRvH
Many of the #minerals used for the most advanced #technologies of our time are scattered around the globe; states that do not have the natural reserves must build new industrial partnerships with those that do: @RachelRizzo https://t.co/Lin7133Kgl