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Mining Giant BHP Makes $39 Billion Bid for Rival Anglo American

·1 min

BHP Group, a leading mining company, has proposed acquiring Anglo American, a rival mining firm, in a deal that could significantly impact the industry. BHP has offered a bid valued at £31.1 billion ($39 billion) to Anglo. If successful, this acquisition would create the world’s largest copper miner, a valuable asset in the current global demand for copper due to its role in green-energy technologies. Anglo has confirmed the receipt of the bid and is currently reviewing it. The growing need for copper is a result of the shift towards clean energy sources and the implementation of President Biden’s climate and energy law in the United States.