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$3b deal shows how BHP dusted itself off and tried again

Mike Henry was disappointed his $75 billion takeover bid for Anglo American has failed. But his latest deal helps show investors he has many other ways to play the copper bull story.

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Just seven weeks after abandoning his $75 billion takeover of Anglo American, BHP chief executive Mike Henry has dusted himself off and rejoined the great global hunt for copper.

To be clear, the deal announced on Tuesday is very different to the Anglo tilt.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
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    Original URL: https://www.afr.com/chanticleer/spurned-by-anglo-bhp-bets-3b-on-plan-b-20240730-p5jxm5