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Iron ore mining in western Australia.
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Mining giant Anglo American on Friday denied a requisition quote from competing BHP Team, stating the deal “dramatically underestimates” the firm and its future prospects.
Australia-based BHP on Thursday claimed it had actually made an all-share requisition offer which valued the smaller sized firm at  ₤ 31.1 billion ($ 38.9 billion). The requisition would certainly have produced the globe’s biggest extracting firm, according to a Reuters evaluation.
Shares of Anglo American were trading down 0.8% at 8:30 a.m. London time, while various other mining supplies climbed.
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