BHP ends pursuit of Anglo for now, FT reports
According to the FT sources, the deal has become "too expensive" for BHP to pursue given the rise in Anglo American’s stock price in recent months.
Swedish mining gear maker Epiroc said it expects near-term demand will remain at a high level, after it posted third-quarter earnings matching market forecasts on Wednesday.
Operating profit in the quarter rose to 2.90 billion Swedish crowns ($265.9 million) from 2.35 billion crowns a year ago, in line with the 2.87 billion crowns expected by analysts in a Refinitiv poll.
($1 = 10.9069 Swedish crowns)
(By Marie Mannes and Greta Rosen Fondahn; Editing by Terje Solsvik)
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