BHP Group Limited has confirmed that it does not intend to make a firm offer for Anglo American plc. The decision follows the rejection of BHP's revised proposal for a potential combination with Anglo American. BHP's Chief Executive Officer, Mike Henry, expressed the company's commitment to its Capital Allocation Framework and a disciplined approach to mergers and acquisitions. Despite seeking to engage constructively, BHP was unable to reach an agreement with Anglo American on specific views regarding South African regulatory risk and cost. BHP's revised proposal, which was rejected by the Board of Anglo American, aimed to offer immediate value for Anglo American shareholders and allow them to benefit from the long-term value created from combining the two companies. BHP expressed disappointment that the Board of Anglo American decided not to continue discussions to resolve its concerns regarding the implementation of BHP's revised proposal. BHP also highlighted its intent to share in the cost associated with certain conditions that may be imposed as part of South African regulatory approvals. This announcement is made by BHP without Anglo American's prior agreement or approval.