LONDON — Shares in U.K.-based mining giant Anglo American surged Thursday after it received a 31 billion-pound takeover approach from rival BHP Billiton, a deal that would create the world’s biggest copper miner, with around 10% of global output — a hugely lucrative market in the transition to clean energy.
Anglo American, which owns a majority stake in the world-famous De Beers diamond company, said its board was reviewing the approach from BHP. Anglo, which has big copper plants in Chile and Peru, said that under the deal being proposed by BHP, it would have to spin off two units — its platinum arm, Anglo American Platinum, and Kumba Iron Ore, which are both listed in South Africa.
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