BHP revives appetite for deals with biggest rivals in sights

After sitting dormant for more than a decade, BHP Group -- once mining’s most aggressive dealmaker -- is positioning itself for a return to large-scale M&A.

BHP has expanded its dealmaking team, including in London, and is interested in pursuing a transformational deal, according to people familiar with the matter who asked not to be identified discussing private information. The company is evaluating rivals including Freeport-McMoRan and Glencore, they said, while emphasizing that there is no indication it is preparing any bids at this point.