Mining giant BHP proposes $39 billion bid for rival Anglo American

The global mining industry is bracing for its biggest shake-up in more than a decade. The world's number one mining company BHP Group has proposed a takeover of Anglo American, valuing the London-based company at nearly $39 billion. Anglo American investors will receive £25.08 ($31) per share. They will also get shares in Anglo American Platinum and Kumba Iron Ore. BHP's bid is a huge bet on copper, which analysts said may fuel a scramble for mining assets. Copper prices hit a two-year high earlier this week. Olly Barratt reports.

[@Trueye-sl2mr]

Every time an Australian company 'buys' a UK/US company, it loses U$billions withing a few years. WHY?

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What are your thoughts? that they are mostly american owned equity in them and purposefully buy overpriced shares to transfer wealth out of australia?

[@GoldSpot-pf1yb]

10% of world copper share isn’t a behemoth.
Big yes.
But not all that big.