(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.
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
(Reporting by Echha Jain and Rajasik Mukherjee in Bengaluru; Editing by Jamie Freed)
