BHP is a Melbourne headquartered miner in Australia and said to be doubling down on its big bet on copper demand growing exponentially in the global shift away from fossil fuels.

Anglo American is a 107-year-old major copper, diamond and platinum producer listed on the Johannesburg Stock Exchange and other global markets.

Mining giant BHP is a long time rival of Anglo American and is now looking to advance its global copper interests by buying the company.

This is through a potential megadeal that could reshape the global mining industry. Anglo American said in a statement that it had received a proposal from BHP.

The company has not disclosed the proposed amount for the merger but says its board is currently reviewing the BHP proposal with advisers.

--ChannelAfrica--