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South32, spun out of BHP Group in 2015, is interested in acquiring Anglo American's manganese assets. It is also seeking to diversify its portfolio.

BHP has another week to convince Anglo’s board on the merits of its £39bn deal

BHP Group firm on takeover bid for Anglo American, deadline extended to May 29. Stock can be accessed through ETFs CRIT and COAL. Shares up 0.65%.

LONDON, May 23 — Anglo American on Wednesday said it had rejected an improved takeover offer from rival mining group BHP...

Anglo American rebuffed a roughly $50 billion takeover proposal from BHP but said it would enter talks with its mining rival, opening the door to a potential deal.

Anglo - whose empire includes De Beers diamonds - has given its larger rival another week to thrash out the terms of a deal.

The outcome appears to be another week of wrangling over now well-known issues

BHP Group (NYSE:BHP) secured a one-week extension on its proposed takeover of Anglo American (OTCQX:AAUKF).

Australian firm says £31.11 a share is its final offer, but FTSE 100 miner agrees to enter talks with larger rival

Higher-than expected UK inflation figures disappointed the City today, with shares closing down as the 2.3% Consumer Price Index reading dashed hopes of a June interest rate cut.

Anglo American on Wednesday said it has received, and rejected, a third conditional offer from BHP Group, though it’s agreed to push back the deadline for its suitor to make a formal bid.

Anglo agrees to enter talks with larger rival, though BHP calls its £38.6n offer ‘final’