
Anglo American, the metals multinational, was the target of a £31 billion approach from BHP of Australia, which scrapped its own London listing in 2021.
The deal would bring Anglo's copper production in Chile and Peru under the control of the antipodean giant, already the biggest miner in the world. Demand is expected to soar, as copper drives the transition away from fossil fuels via increased electrification.
Anglo's earnings from copper alone hit $3.2 billion in 2023, almost a third of the total for the group, which is in the top quarter of the FTSE 100 by market value.
BHP is more dependent on iron ore and has been burnishing its position in the copper market by buying up producers. The Melbourne-based firm paid around £5 billion for local rival Oz Minerals a year ago.
هذه القصة مأخوذة من طبعة April 25, 2024 من Evening Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة April 25, 2024 من Evening Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول

Are you ready for medieval-core?
No one was more surprised than medieval armourer Matthew Finchen.

Worth the wait This is a beautifully written triumph
Chimamanda Ngozi Adichie's first novel since 2013's Americanah is a winner

Low-budget indie film Anora wins big at the Oscars
“The more Hollywood changes, the more it remains the same,” writes Ty Burr.

Forget the Trump noisepeace could now be possible
There's much to fixate on, but it's best to judge the President on the substance

Is it the final call for the Heathrow villagers?
Life with the residents whose homes could be destroyed if a third runway touches down

The Fat Badger, London's first invite-only pub
A riotously fun boozer that doesn't officially exist? No wonder celebs are secretly flocking here

Marlon James on why Kingston is Jamaica's beating cultural heart
Whether it’s parties, patties or patois, this Caribbean capital is a non-stop celebration, says the Booker Prize-winning author

The London socialite. His aristocrat killer. And a mother's search for justice
The brutal, ketamine-fuelled killing of a public schoolboy shocked the world. In our new true-crime podcast, we tell the real story

“Last year's Festival was brutal, but we're ready to put it right”
The Guinness Village is, to Cheltenham racegoers, something of a field of dreams.

Me, Marrakech and I: How to ace a solo female trip
I first visited Marrakech with my then-boyfriend in 2004, when I spent my days getting lost in the labyrinthine souks and witnessing snake charmers hypnotise cobras. Over 20 years later, I decided to see how it fared for females going it alone.