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BHP has made renewed bid approach to Anglo American, source says
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BHP has made renewed bid approach to Anglo American, source says
Nov 23, 2025 5:32 AM

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.

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