BHP makes takeover offer for Anglo American, shares rise

Anglo American received a takeover offer from BHP, causing its shares to rise by over 13%. BHP aims to become the world's largest copper producer and expand its coal and iron ore operations. The deal values Anglo at £25.08 per share, including Amplats and Kumba shares. Anglo reported an 11% increase in copper production. BHP plans to produce up to 1.91 million tonnes of copper in 2023-24.