to acquire Anglo in May after it was rebuffed three times. The upcoming end to a six-month block on BHP making another approach had raised speculation a deal may again be under scrutiny.
“We made an approach to Anglo American earlier this year … we thought there was an opportunity here to create something unique and special, a bit of a sort of a one plus one equals three opportunity,” MacKenzie said at BHP’s annual meeting. “Unfortunately, Anglo American shareholders had a different view, and they thought there was more value in the plan that their management wanted to execute. And so they moved on. And quite frankly, so have we.”The largest producer of rare earths outside China reported sales revenue of A$120.5 million for the three months ended Sept. 30.
Total transaction value as of Sept. 30 was $4.76 billion, down more than 50% compared to the $10.52 billion registered in the full year 2023.Total ore reserves at the are estimated at 4.8 million tonnes grading 53.8 grams per tonne of silver, containing 8.4 million oz.
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