BHP's pursuit of Anglo American is dominating discussions at a key mining conference in Miami. BHP is expected to increase its offer to acquire Anglo American, despite the latter's confidence in its standalone future. Anglo American has accelerated its standalone strategy and will provide an investor update on May 14. The proposed acquisition includes significant assets like Anglo American Platinum and Kumba Iron Ore, valued at about $15 billion. BHP's largest Australian shareholder emphasizes the importance of capital discipline in the mining industry. Anglo American's CEO has announced plans to separate its platinum unit, leading to a plunge in Anglo American Platinum shares. Investors are weighing the benefits of the acquisition against Anglo American's restructuring plans. BHP shares rose by 2.4% following Anglo American's breakup plan announcement. RBC has commented on the amount BHP will need to pay to convince Anglo American shareholders. BHP CEO Mike Henry has stated that investors must decide which team can deliver the best value.
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