BHP, a global mining company, has stated that it has 'moved on' from its failed attempts to acquire Anglo American.
BHP's chair, Ken MacKenzie, indicated that the Australian miner will focus on other growth opportunities instead of pursuing another bid for Anglo American.
The third offer of £39bn made by BHP was rejected by Anglo board members due to concerns over the proposed sale of some of Anglo's South African business interests.
BHP has recently engaged in a joint venture with Lundin Mining to acquire Filo Corp, demonstrating its pursuit of new opportunities.