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

Statement comes as the Australian miner’s chief executive visits country after political backlash

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

As building mines gets harder, the time needed to produce cash flows is daunting

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