If the bid succeeds, and depending on any final value, it could rank among the biggest 10 M&A deals yet and it reflects an appetite for scale that bankers have said could drive mega-deals in 2026.
“This is yet another example that the mining space is consolidating and the big firms are being forced to do corporate action to create value,” Mark Kelly, Chief Executive Officer at advisory firm MKI Global, said. Last September, London-listed miner Anglo American announced what was then the sector’s second biggest M&A deal, with a plan to merge with Canada’s Teck Resources and forge a new global copper-focused heavyweight. The deal awaits regulatory clearance.
–Reuters–
