07:11 AM EDT, 05/10/2024 (MT Newswires) -- Rio Tinto (RIO) considered bidding for Anglo American even as its larger rival BHP (BHP) attempted to buy out the mining company, the Australian Financial Review reported on Friday, citing unnamed sources.

BHP said it has made an all-stock offer for Anglo American valuing it at about $39 billion.

Glencore is also considering making an offer for Anglo American, Reuters reported.

Rio Tinto did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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