After over five weeks of intense discussions, global miner BHP (NYSE:BHP) couldn’t reach an agreement to acquire Anglo American (OTCQX:AAUKF). The Australian company failed to secure an extension for one of the largest deals in the mining sector's recent past. The company had already been granted a one-week extension from the initial May 22 deadline, yet Anglo American’s board remained unconvinced by the three bids presented, the latest of which was a $49.2-billion all-share proposal. Per a Bloomberg report Wednesday, the complex nature of the deal, particularly regarding Anglo's South African assets, proved too much to untangle at this time. BHP's acquisition attempt focused on Anglo American’s extensive copper assets in South America, which are increasingly valuable in a world shifting toward electrification and renewable energy. Copper is a crucial component of electrical infrastructure and battery technology, making Anglo's assets in Chile and Peru highly attractive. Now read: ConocoPhillips ...