Mining Giant Bid for Anglo American Rejected

BHP said the ‘potential combination’ of its and Anglo American’s assets would be pertinent at a time when demand on the mineral market is at all-time highs.

A BHP sign adorns the side of their headquarters in Melbourne, Australia, on Feb. 19, 2019. William West/AFP via Getty Images

Australian resources giant BHP has launched a $60 billion power play for the lion’s share of energy transition supplies as the world electrifies.

Anglo American’s board has said the offer ‘'Significantly undervalues Anglo American and its future prospects.”