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International Business Times
International Business Times
Business
Roland JACKSON

Miner Anglo American Rejects BHP's $38.8 Billion Takeover Bid

Anglo American BHP Anglo copper Mining
BHP wants Anglo American's copper mining operations, like this one in Chile (Credit: AFP)

British mining giant Anglo American on Friday rejected a blockbuster $38.8-billion takeover bid from Australian rival BHP, slamming it as "highly unattractive" and "opportunistic".

The snub came one day after BHP had launched its colossal bid, which aims to create the world's biggest listed copper producer and reshape the global mining sector.

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