Here's what we know about global mining firm Anglo American which could take over Sirius Minerals

Mining firm Anglo American has confirmed it has launched a bid to take over Sirius Minerals.

By Martina Moscariello
Wednesday, 8th January 2020, 11:48 am
Updated Wednesday, 8th January 2020, 2:15 pm
Anglo American has launched a bid to take over Sirius Minerals.
Anglo American has launched a bid to take over Sirius Minerals.

The British multinational company could offer Sirius 5.5 pence per share, valuing the company at £386 million, to take over the company and secure the future of its multi-billion pound polyhalite project.

Sirius said it is prepared to recommend the offer at the price set out if it can secure “satisfactory assurances” in regards to employees and other stakeholder interests.

Anglo American, which revealed it identified Sirius’ project as being of potential interest "some time ago", said the project "has the potential to fit well with Anglo American’s established strategy of focusing on world-class assets".

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Here is what we know about the firm that could take over Sirius Minerals.

Anglo American is a leading global mining company listed on the London and Johannesburg stock exchanges. It was founded in South Africa in 1917.

Its mining portfolio includes diamonds (it owns 85% of De Beers Group), copper, platinum group metals, iron ore, coal and nickel which it extracts from southern Africa, North and South America, and Australia.

In 2018 the company had revenue of $27.6bn and an operating profit of $6.1bn. It employs around 91,000 people worldwide.