Copper is a big business for Anglo American, accounting for 20% of sales.
© Reuters
RURIKA IMAHASHI and SOTARO YUMAE, Nikkei staff writers |
SYDNEY/LONDON — Australian mining leader BHP Group has proposed a 31.1 billion pound ($38.8 billion) takeover of U.K. miner Anglo American, eyeing the latter’s copper assets as demand for the metal surges for use in renewable power and electric vehicles.
BHP said in a statement Thursday that, along with Anglo’s assets, the acquisition would bring “long-term growth potential.”
