MELBOURNE - London-listed miner Anglo American said on Thursday it had received an all-share buyout proposal from BHP Group, a deal that would make the world's biggest listed miner also the largest producer of copper globally.
"Anyone that has watched the Australia Open ad breaks for the last five years knows BHP likes copper and wants to increase exposure. The deal would also mean London will become even smaller centre for financing the global mining sector.""It’s all about copper. BHP has talked about getting more copper for a long time. Anglo’s got plans to go to a million tonnes per year in the next 10 years. There’s also a tie in with BHP’s Jansen potash, and Anglo’s Woodsmith.
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