financetom
Business
financetom
/
Business
/
Factbox-Anglo American, BHP mining operations around the world
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Factbox-Anglo American, BHP mining operations around the world
Apr 24, 2024 9:47 PM

(Reuters) - British multinational miner Anglo American on Thursday said it had received an all-share takeover proposal from the world's largest listed miner, BHP Group ( BHP ).

The deal, if agreed, would give BHP access to more copper, one of the most sought after metals for the clean energy transition, and potash, which are its key strategic commodities, as well as more coking coal in Australia.

Here are details on the assets and projects held by each company:

ANGLO AMERICAN

Anglo, headquartered in London, is a major producer of copper, nickel, iron ore, coking coal, platinum and diamonds.

The BHP deal would be conditional on being preceded by separate distribution of its entire stakes in Anglo American Platinum and Kumba Iron Ore to its shareholders, which would significantly lower its exposure to South Africa.

Anglo's copper mines include Quellaveco in Peru and Los Bronces, El Soldado and Collahuasi in Chile.

The company's assets also include iron ore and nickel mines in Brazil, coking coal mines in Australia, manganese mines in South Africa and a potash project in Britain.

Anglo operates in the diamond business through its 85% stake in industry giant De Beers.

BHP

BHP, headquartered in Melbourne, produces commodities including iron ore, coking coal, copper and nickel, and is moving into production of potash.

Iron ore and copper are its top revenue-generating metals, with its Escondida mine in Chile and Antamina mine in Peru ranking among the top 10 copper mines in the world by capacity in 2023, according to International Copper Study Group.

BHP is now working towards potash production, with first production planned at its Jansen project in Canada in late 2026.

KEY FINANCIAL AND PRODUCTION DATA

The table shows key financial and production data for both companies. Anglo reports on a calendar year, while BHP reports on a financial year ended June 30.

Anglo BHP

American

Market cap as at 36.71 148.76

April 25 ($ in

billion)

FY23 revenue ($ 30.65 53.8

in billion)

FY23 profit 0.3 12.9

attributable ($

in billion)

FY23 production data in metric tons

Copper 826,200 1.71 million

Iron ore 59.9 257 million

million*

Coal 16 million 29 million

Nickel 40,000 80,000

*Includes Kumba, which would be divested before the BHP deal

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Brazil's Nubank Q1 adjusted net profit more than doubles
Brazil's Nubank Q1 adjusted net profit more than doubles
May 14, 2024
SAO PAULO, May 14 (Reuters) - Brazilian digital lender Nubank said on Tuesday its adjusted net profit increased more than twofold in the first quarter from a year earlier, though its loans overdue rate increased. Nubank posted a $442.7 million adjusted net profit for the first quarter, up 143% from a year earlier. Analysts polled by LSEG expected a $404.8...
China's BYD postpones plans for 2025 Chile lithium cathode plant
China's BYD postpones plans for 2025 Chile lithium cathode plant
May 14, 2024
MEXICO CITY, May 14 (Reuters) - Chinese carmaker BYD Co has postponed plans to produce lithium cathodes for electric vehicle (EV) batteries in Chile by 2025, the firm's Americas head told Reuters on Tuesday. Chile's economic development agency CORFO last year said production at a new plant to be developed by BYD was expected to begin around the end of...
i-80 Gold Releases High-Grade Results From Underground Drilling At Granite Creek
i-80 Gold Releases High-Grade Results From Underground Drilling At Granite Creek
May 14, 2024
05:35 PM EDT, 05/14/2024 (MT Newswires) -- i-80 Gold ( IAUX ) on Tuesday released additional high-grade results from the ongoing drill program to define mineralization in the upper part of the South Pacific Zone at the company's Granite Creek Property in Nevada. The new results are from seven new holes drilled in the underground campaign focused on the delineation...
Brazil's JBS earns nearly $320 mln in Q1, beating analysts expectations
Brazil's JBS earns nearly $320 mln in Q1, beating analysts expectations
May 14, 2024
SAO PAULO, May 14 (Reuters) - Brazil's JBS SA , the world's largest meat-packer, on Tuesday reported a net profit of 1.64 billion reais ($319.74 million) for the first quarter, which beat analysts' expectations by a wide margin, according to an earnings statement. After a strong quarter for its U.S. pork business and its beef and processed foods divisions in...
Copyright 2023-2026 - www.financetom.com All Rights Reserved