- All-share deal values Anglo American at £31bn
- BHP says combination would add Anglo growth options to its cash generation
The world’s largest mining company BHP (BHP) has proposed a mega-merger with Anglo American (AAL), taking advantage of the fall in the smaller company’s valuation since early 2023. A combination of the historic miners would be the biggest deal in the industry since Glencore (GLEN) bought Xstrata 11 years ago.