BHP

BHP

Market cap $139B

BHP Group is positioned to benefit from global industrialization and infrastructure expansion, especially in developing economies. BHP's FY 2025 results show an 8% revenue decline to $51.3B and a further decline in profits as part of a trend since 2022. While copper prices supported BHP, iron ore and coal prices were unfavorable, contributing to a gradual share price decline and a higher valuation than peers, like VALE, which is less diversified.

Teck Resources Ltd (TSX:TECK.B) shares rose on Monday after Australian mining giant BHP Group Ltd. confirmed it would no longer pursue a takeover of Anglo American PLC, leaving the Vancouver-based miner's $70 billion merger with Anglo American on track.

BHP made one last-gasp attempt to seduce Anglo but it looks like they have now accepted defeat.

CNBC's Becky Quick reports on the latest news.

On Monday, investors urged BHP to drop its pursuit of Anglo American and instead focus on its established growth strategy.  This advice comes after the Australian firm's recent, last-ditch effort to acquire the London-listed company, which is nearing completion of a merger worth almost $60 billion with Canada's Teck Resources, according to a Reuters report.

FTSE 100-listed miner forces Australian company to walk away from takeover after rebuffing second approach

BHP should move on from Anglo American and focus on its growth strategy, investors said on Monday, after the Australian company's last-minute appeal to the London-listed firm that is nearing a $60 billion tie-up with Canada's Teck Resources.

BHP Group Ltd (LSE:BHP, ASX:BHP) has stepped back from the idea of combining with Anglo American PLC (LSE:AAL), telling markets on Monday that early-stage talks with Anglo's board have ended and that it will not pursue the matter further. The miner said it still sees industrial logic in a tie-up and believes such a deal could have created substantial long-term value, but insisted it remains confident in its own growth pipeline.

BHP Group said it will not pursue a takeover of Anglo American following new talks, as its U.K. rival advances plans to merge with Teck Resources.

BHP Group said on Monday it is no longer pursuing a potential combination with Anglo American after preliminary discussions with Anglo's board.