Buyout proposal for Anglo American could reshape copper market

A possible deal would create the world’s biggest copper miner churning out around 10% of global output. — Bloomberg

LONDON: London-listed miner Anglo American says it has received an all-share buyout proposal from BHP Group, a deal that would create the world’s biggest copper miner churning out around 10% of global output.

If agreed, the deal announced yesterday would also trigger further transactions in the global mining industry, which has seen a slew of mergers and acquisitions as companies review their assets to raise exposure to metals deemed critical to the energy transition.