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SYDNEY/LONDON -- Australian mining leader BHP Group has proposed a 31.1 billion pound ($38.8 billion) takeover of U.K. miner Anglo American, eyeing the latter's copper assets as demand for the metal surges for use in renewable power and electric vehicles.
Mining giant BHP Group on Thursday said it had made an all-share takeover offer for rival Anglo American, valuing the smaller company at £31.1 billion ($38.9 billion).
SYDNEY/LONDON (Reuters) -- British multinational miner Anglo American said on Thursday it had received an all-share buyout proposal from the world's largest listed mining company, Australia's BHP Group BHP.