BHP's $39 billion bid will be the elephant in the room at Anglo American's Tuesday annual general meeting.

BHP is considering making an improved offer, Reuters sources said during the weekend.

BHP Group is considering making an improved offer for Anglo American after its $39 billion initial proposal was rejected.

Miners have told Navios South American Logistics they could ship eight million to 10 million tons of iron ore this year.

The Dalian contract posted a weekly gain of 2% and the Singapore benchmark has risen 1.7% so far.

The company’s reputation is in tatters after a series of missteps sent its value plunging by half. And now industry heavyweight BHP is moving in.

The deal worth about $39 billion would involve Anglo exiting its platinum and iron ore assets in the country.

Questioned about potential interest in Anglo's assets, CEO Bartolomeo also said that Vale would "clearly" be interested.