Merger deal to create world’s top copper producer | World Business Watch
well leading minor BHP group has
proposed a takeover of Anglo American
the deal which has valued the smaller
Miner at $39 billion would create the
world’s top copper producer moreover
this could perhaps spark the industry’s
biggest shakeup in over a decade BHB has
proposed a deal in which anglo-american
would first sell its stakes in South
African platinum and iron or companies
before being acquired by B P the total
per share value of The non-binding
Proposal would be about $31.36
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Anglo American shares jumped 14% in
London on Thursday to $ 31.3 a piece for
a market value of $38 billion Tire up
would give BHP roughly 10% of global
copper Supply ahead of an expected
shortage that could send prices rising
BHP produced about 1.2 million tons of
copper in 2023 while anglo’s output was
826 th000 tons the bit comes with copper
prices trading around 2year highs near
$10,000 a ton Anglo American has long
been viewed as a potential Target as its
own attractive South American copper
operations a successful takeover would
represent the first huge deal among the
world’s biggest Diversified miners in
over a decade the deal de is likely to
draw antitrust scrutiny given that large
percent of copper production that would
be concentrated into a single company
governments around the world are
increasingly viewing copper as a
strategic mineral given its Central role
in the energy transition it is also
possible that the proposal for
anglo-american could now prompt others
to make a move
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Leading miner BHP group has proposed a takeover of Anglo American. The deal, which has valued the smaller miner at 39 billion dollars, would create the world’s top copper producer. Moreover, this could spark the industry’s biggest shakeup in over a decade.
#bhp #copper #wion
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