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BHP chief exec Mike Henry (pictured) raced to hold urgent discussions with officials amid fears a megadeal could be derailed.

TORONTO: Barrick Gold is not interested in bidding for Anglo American, which last week received a $39 billion takeover offer from BHP, and is building its own copper portfolio, the Canadian miner’s CEO Mark Bristow said on Wednesday.

The chair of Rio Tinto declined to comment on whether the world’s second-largest miner by market value is weighing a bid for Anglo American, the target of a recent $39 billion bid by BHP Group.

Anglo American chairman Stuart Chambers, who has form selling off blue-chip companies, yesterday said he will hold talks with the firm's top 30 investors.

Mike Henry has positioned world’s largest miner for a big deal and was prepared for initial rejection by UK-listed target

Analysts said the bid needs to be more than £40bn to tempt Anglo to accept the deal. A bidding war could push the valuation higher.

The UK-listed miner has rejected an approach from BHP, but other bidders could emerge

Presidency 'rejects' narrative on BHP, Anglo American proposed deal

Company’s exit would deal another blow to City’s status as home to listed mining groups

The De Beers owner is a longstanding jewel in the African' state’s economic crown – it would be a ‘big blow’ to see it sold off

City grandee Stuart Chambers is under fire as yet another British business he leads is at risk of being sold off to a foreign predator.

The 107-year-old South African mining group, long resistant to change, has now rejected a takeover offer from BHP

Anglo American rejected a $39 billion takeover proposal from rival BHP, setting the stage for a potential bidding war.

The four top mining stories for Friday include updates on Anglo American, Hycroft Mining and more.

Elliott Management has invested $1 billion in Anglo American, adding pressure to the mining company amid a takeover bid from BHP Group.