Nov 23 (Reuters) - Mining company BHP Group ( BHP ) has
made a renewed takeover approach to rival Anglo American
, a source familiar with the matter told Reuters on
Sunday, just months after the London-listed miner agreed merger
plans with Canada's Teck Resources ( TECK ) to create a global
copper-focused heavyweight.
Anglo American declined to comment. BHP did not immediately
respond to a request for comment outside regular business hours.
BHP has made overtures to Anglo American in recent days,
Bloomberg News reported earlier, citing people familiar with the
matter, adding that deliberations are ongoing and there is no
certainty of a deal.
Anglo American's market capitalisation is about $41.80
billion, while BHP's is around $132.18 billion, based on LSEG
data.
In September, Anglo American agreed plans to merge with Teck
in an all-share deal, marking the sector's second-biggest M&A
deal ever.
The deal came just over a year after BHP scrapped a $49
billion bid for Anglo, a deal that would have boosted the
Australian miner's holdings of copper, the metal seen as
essential for the transition to greener energy.
If the BHP/Anglo deal had gone ahead, the combined entity
would have been the world's largest copper producer, with a
total annual production of around 1.9 million metric tons.
The new Anglo Teck group is expected to have a combined
annual copper production capacity of approximately 1.2 million
tons, still second to BHP.