(Reuters) – British multinational mining company Anglo American (JO:) said on Thursday it had received an all-share takeover offer from the world’s largest miner BHP Group (NYSE:).
The deal, if agreed, would give BHP access to more metals, 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 of the assets and projects owned by each company:
ENGLO-AMERICAN
Anglo, headquartered in London, is a major producer of copper, nickel, iron ore, coking coal, platinum and diamonds.
The BHP deal will be subject to the condition that it be preceded by a separate distribution of all of its stakes in Anglo American Platinum and Kumba to its shareholders, which will significantly reduce 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 the UK.
Anglo is in the diamond business through its 85 percent stake in industrial giant De Beers.
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BHP, headquartered in Melbourne, produces commodities including iron ore, coking coal, copper and nickel, and is also involved in the production of potash.
According to the International Copper Study Group, iron ore and copper are the highest-earning metals, with Chile’s Escondida mine and Peru’s Antamina mine ranked among the top 10 largest copper mines in the world by capacity in 2023.
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BHP is currently working on potash production, with first production planned at the Jansen project in Canada in late 2026.
KEY FINANCIAL AND PRODUCTION DATA
The table shows key financial and operating data for both companies. Anglo reports on a calendar year basis and BHP reports on a financial year ended 30 June.
Anglo BHP
American
Market capitalization as of 36.71 148.76
April 25 ($ in
billion)
FY23 Revenue ($30.65 $53.8)
in billions)
Profit for FY23 0.3 12.9
attributable ($
in billions)
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 will be sold prior to the BHP deal.