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

Anglo American Plc Nouvelles

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