Anglo scours for opportunities to join copper dealmaking surge
Anglo American is keeping close tabs on renewed copper deal-making to see if and when it could jump in, a company official said, without ruling out a bid for Teck Resources assets.
“We are interested in looking for opportunities — it could be Teck or it could be another,” Patricio Hidalgo, the head of Anglo Chile, said Tuesday in an interview in Santiago. “But conditions must be in line with our strategy and purposes first.”
Large mining companies attending a conference in the Chilean capital this week are scouring for assets as new deposits get pricier and trickier to develop and demand accelerates in the clean-energy transition. Some are evaluating potential bids for Teck’s base metals business if the Canadian miner successfully spins out its coal assets and fends off a $23-billion takeover proposal from Glencore, according to people familiar with the discussions.
Speaking to reporters in Santiago Tuesday, BHP Group President Minerals Americas Ragnar Udd said M&A is just one of a number of growth levers for the Melbourne-based mining giant.
“We’re always scrutinizing different assets,” Udd said, when asked about any interest in Teck. “At this point our focus is on copper commodities more broadly, but nothing that I’d like to comment on at this point on Teck.”
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation

















