---
title: "FTSE 100 reaches new record high with potential £31.1 billion mining mega-merger"
publisher: "Share Talk"
author: "sharetalk"
published: "2024-04-25T11:21:21+00:00"
modified: "2024-04-25T15:47:54+00:00"
date: 2024-04-25
canonical: "https://www.share-talk.com/ftse-100-reaches-new-record-high-with-potential-31-1-billion-mining-mega-merger/"
category: "B2B"
categories: ["B2B", "Business & Support Services", "Mining"]
tags: ["Anglo American", "AstraZeneca", "Barclays", "BHP Group", "COPPER", "FTSE 100", "London", "miner", "Unilever"]
image: "https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/12/mining-9-dec-23.jpg?fit=1200%2C800&quality=89&ssl=1"
format: "news"
language: "en-GB"
---

# FTSE 100 reaches new record high with potential £31.1 billion mining mega-merger

**Published:** April 25, 2024
**Author:** sharetalk
**Categories:** B2B, Business & Support Services, Mining
**Tags:** Anglo American, AstraZeneca, Barclays, BHP Group, COPPER, FTSE 100, London, miner, Unilever
**Featured image:** ![](https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/12/mining-9-dec-23.jpg?fit=1200%2C800&quality=89&ssl=1)

---

British mining giant Anglo American has propelled the FTSE 100 to a new record high after announcing it is “reviewing” a takeover proposal from its larger Australian competitor, BHP.

Anglo American’s shares soared by as much as 13.6%, increasing its market value by £3.7 billion, and driving the UK’s premier stock index up by as much as 0.7% to a new peak of 8,098.14.

BHP’s bid values the London-listed mining firm, owner of the De Beers diamond brand, at £31.1 billion. However, today’s surge in share price suggests the company’s valuation could be nearly £34 billion.

The proposed acquisition, which has a deadline of May 22, would establish the world’s largest copper miner, controlling approximately 10% of the global supply.

https://twitter.com/Share_Talk/status/1783455628360356248

Anglo American’s prized copper assets, including significant operations in Chile and Peru, are believed to be a major factor in BHP’s interest.

Susannah Streeter, head of money and markets at Hargreaves Lansdown, commented that the deal might “send a fresh chill through the City of London,” expressing concerns that this could be just the beginning of a trend of major companies leaving the exchange.

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