Skip to Content
AP-National

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

By
Published 3:25 AM

By DANICA KIRKA
Associated Press

LONDON (AP) — 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. Last-minute overtures failed to ease Anglo’s concerns about the the complexity of the proposed deal. Anglo American earlier rejected a request to extend Wednesday’s deadline for BHP to submit a formal offer.

Article Topic Follows: AP-National

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KVIA ABC 7 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content