BHP abandons Anglo American approach, says own growth plan compelling

BHP has renewed its pursuit of acquiring Anglo American, a move that could significantly impact the mining sector, particularly as it seeks to enhance its copper growth strategy amidst fluctuating market conditions. This renewed interest follows previous discussions and bid approaches that had indicated BHP's intention to expand its influence in the industry.

US equity futures have risen as traders anticipate a potential rate cut in December, coinciding with positive signals from US State Secretary Marco Rubio and Ukrainian officials regarding progress in peace talks aimed at resolving the ongoing conflict in Ukraine. Meanwhile, BHP has once again walked away from its takeover bid for Anglo American after a new approach was rejected.

BHP has recently abandoned its pursuit of acquiring Anglo American, a decision that follows a series of renewed discussions aimed at disrupting Anglo's planned merger with Teck Resources. This development marks a significant shift in BHP's acquisition strategy amidst ongoing market volatility.

BHP has officially abandoned its latest bid to acquire rival miner Anglo American after being rebuffed for the second time, following a renewed interest that emerged last week. This decision comes as BHP aimed to disrupt Anglo's planned merger with Canadian mining firm Teck Resources, which is valued at $57 billion.

BHP Group has officially abandoned its bid to acquire Anglo American, a decision that follows renewed discussions aimed at disrupting Anglo's planned merger with Teck Resources. This move clears the way for Anglo American to proceed with its merger plans, which are valued at $57 billion.

BHP Group has officially abandoned its bid to acquire Anglo American, a decision that follows a series of renewed discussions aimed at disrupting Anglo's planned merger with Teck Resources. This move clears the path for Anglo American to proceed with its merger plans, which are currently under scrutiny by Canadian regulators.

BHP has decided to walk away from discussions regarding a potential tie-up with Anglo American, following recent talks that emerged after a $50 billion deal involving Teck Resources. This decision reflects BHP's strategic reassessment in the competitive mining sector.

BHP has announced that it is no longer pursuing a takeover of Anglo American, marking a significant shift in its acquisition strategy. This decision follows a series of renewed bid approaches and discussions that had previously indicated BHP's interest in expanding its influence in the mining sector.