BHP, Anglo American merger could reshape global mining: Economists - SABC News

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BHP is said to be doubling down on its big bet on copper demand.

A pit head is seen at the Tumela platinum mine, an Anglo-American open pit mine located in Thabazimbi in Limpopo on June 9, 2016.between Anglo American and the world’s largest mining house, the BHP Group, as a potential mega deal that could reshape the global mining industry.

Anglo American is a 107-year-old major copper, diamond and platinum producer listed on global markets, including the Johannesburg Stock Exchange. “To complete such a deal will take time but at the moment a very exciting deal on a massive transaction; probably the biggest mining transaction since Glencore bought Xstrata back in 2013.”

 

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