BHP Group is unlikely to attempt a major takeover of Anglo American or Teck Resources and is instead focusing on organic growth, particularly in copper projects. The piece noted BHP has moved on from earlier large acquisition attempts — including a rejected $49 billion approach for Anglo American — and is prioritising investment in existing and smaller-scale copper opportunities such as a reported $2 billion commitment to Lundin’s projects in Argentina and capacity work at Chile’s Escondida mine. Reuters also placed the comments in the context of BHP’s leadership transition, with Ross McEwan named chair and CEO Mike Henry approaching the end of his term; analysts cited by Reuters said BHP’s board appears to prefer steady, internal expansion rather than disruptive mega-deals given regulatory complexity and market conditions. The article framed the strategy as a bet on delivering higher returns through brownfield and near-field projects, operational improvements and targeted partnerships, while noting bankers and market watchers did not entirely rule out asset acquisitions if opportunities arose under favourable terms. The reporting reflects BHP’s publicly stated emphasis on disciplined capital allocation and near-term organic growth in copper.