BHP’s mega bid for Anglo sets stage for industry shakeup

Australia-headquartered BHP has made a bold move with its bid to acquire rival Anglo American in an all-share deal valued at $38.8-billion. With this manoeuvre, BHP aims to create the largest copper miner globally, but it could face scrutiny from Anglo shareholders over valuation concerns. Commenting on the proposed deal, Wood Mackenzie mining and metals corporate research director James Whiteside remarked that the transaction would represent the biggest shakeup of the global mining industry in more than a decade.