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.

EVs could reach 17 million in 2024, accounting for more than one in five cars sold worldwide, according to the International Energy Agency.

Nickel has rallied hard this month, clawing back some of the territory lost during its price slide in 2023.

India's Ministry of Mines began discussions with Australia and the United States last year, according to Reuters.

The proposal comprises an all-share offer for Anglo American by BHP.

Takeover would represent the first mega deal among the world’s biggest diversified miners in over a decade. 

South32 said on Monday it would take about a year to restart manganese ore exports from Australia.