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The Three Days BHP Tried to Crash a Copper Mining Mega Deal

BHP withdrew its unsolicited offer after Anglo's board favored a merger with Teck, citing potential savings and efficiencies from combining Chilean copper mines.

Last Thursday night, the world’s biggest miner made a brazen attempt to gatecrash one of the industry’s biggest-ever deals. Yet just three days later, the bid was already dead.

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The mining giant BHP confirmed that it will not make a new offer to acquire Anglo American, ending a year of speculation about a possible merger valued at $74 billion. The decision comes just before the Anglo shareholders’ vote, scheduled for December 9, on its possible union with the Canadian mining company Teck Resources. In a statement, BHP stated that “after preliminary discussions with the Anglo American board, it confirms that it is no lon…

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Financial Post broke the news in Canada on Monday, November 24, 2025.
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