Mining giant BHP offered to buy Anglo American, a longtime rival with a market capitalization of about $35 billion, in a potential megadeal that could reshape the global mining industry. Anglo American said Thursday it had received a proposal from BHP made up of an all-share offer for the company, contingent upon Anglo American’s demerger of shareholdings in two South Africa-listed units, Anglo American Platinum and Kumba Iron Ore. Anglo American said in a statement that its board is currently reviewing the proposal with advisers. It added that the proposal was unsolicited, nonbinding and highly conditional. BHP ... (full story)