Anglo American Rejects BHP's Plea to Extend $49B Merger Talks

Mining giant BHP has withdrawn from its £38.6bn takeover bid for rival Anglo American after failing to reach an agreement on regulatory risks and costs in South Africa. Despite multiple offers and negotiations, Anglo American rejected BHP's proposals, citing concerns over the deal's structure and its impact on South African operations. Anglo American plans to focus on its core assets, including copper, premium iron ore, and crop nutrients, while BHP expressed disappointment over the failed merger.