BHP puts Anglo in ‘rearview mirror’ as CEO eyes Canada copper
BHP Group’s top boss said he’s moving on after the company’s aborted attempt to buy Anglo American, preferring instead to focus on its copper projects and opportunities in Canada.
CEO Mike Henry’s comments come four weeks after BHP made a last-minute pitch to buy Anglo American and prevent the smaller rival from pursuing its combination with Canada’s Teck Resources, only to pull its bid three days later.
“It wasn’t meant to be, and so that’s in the rearview mirror,” Henry said in a TV interview with BNN Bloomberg’s Amanda Lang on Taking Stock.
BHP has the ability to both invest in its own projects and pursue acquisitions of high-quality copper assets, Henry said. He added that Canada offers BHP further opportunities to invest due to its mining-friendly initiatives under Prime Minister Mark Carney’s government.
BHP is already spending more than $10-billion to build its Jansen potash project in the western Canadian province of Saskatchewan, which Henry called the company’s single-biggest investment.
“I’m hopeful that in five years time, 10 years time, there’ll be further investments that we can make into Canadian resources, and specifically into copper,” Henry said. “We’ve got copper exploration partnerships underway right across Canada — both coasts, and up in the north.”
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Comments
Research Reports
Projects
Latest Multimedia
Showroom
Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers
VISIT SHOWROOM
Axiom Hydraulics is a trusted leader in South Africa’s hydraulic industry, delivering world-class components, systems, and engineering expertise...
VISIT SHOWROOM
Press Office
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
