(Anglo American/Supplied)
Shares in De Beers and Kumba Iron Ore owner Anglo American rocketed more than 16% on Thursday, adding about R110 billion in market value, after mining giant BHP proposed a merger that will offer “immediate and substantial value.”
In one of the biggest potential deals ever seen by the global mining industry, the world’s largest mining group confirmed media speculation and has proposed an all-share offer that would create a low-cost mining behemoth and dominant copper producer.
South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we’re about to enter a new chapter of fearless journalism. Join our free subscription trial to unlock this story and a world of news aimed to inform, empower, and inspire.
