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The Guardian - UK
The Guardian - UK
Business
Jasper Jolly

Anglo American rejects new £34bn offer from mining rival BHP

BHP Anglo Anglo American Mining
Kumba Iron Ore in South Africa
BHP proposed that Anglo American sell its stake in Kumba Iron Ore in South Africa, the world’s largest iron ore mine. Photograph: Siphiwe Sibeko/Reuters

Anglo American has rejected a second takeover approach by its Australian rival BHP that values the London-listed mining company at £34bn.

BHP said Anglo’s board had not engaged with its offer, which came after an initial £31bn offer was also rejected last month. Anglo rejected the second offer on Monday, BHP said.

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