BHP Billiton is considering an improved proposal to buy Anglo after its $39 billion offer was rejected, according to people familiar with the matter.

The Australian mining company is in discussions with its advisers to put forward revised proposals for Anglo in the coming weeks, according to people familiar with the matter, who spoke on condition of anonymity because the information was not made public. People familiar with the matter said BHP is still discussing the pros and cons of the deal with major shareholders and is trying to convinceFreeultimatexpokerThey supported the proposal.

BHP is still under review and no final decision has been made on the size and structure of the new proposal, according to people familiar with the matter.

A spokesman for BHP declined to comment.

Anglo American this week vetoed the all-share trading proposal proposed by BHP. The plan requires Anglo to spin off its controlling stakes in South Africa's platinum and iron ore operations to shareholders before being acquired by BHP. BHP Billiton said the non-binding proposal valued Anglo American's shares at about 25 per share.Freeultimatexpoker.08 pounds. Stuart Chambers, chairman of Anglo American, called the proposal "opportunistic" and said it had failed to assess the company's prospects.

Many market watchers predict that there will be a shortage of copper in the future, driving copper prices sharply higher. Through the acquisition of Anglo American, the BHP alliance will secure about 10 per cent of the world's copper supply. If the acquisition is successful, the deal will mark the resumption of a large-scale deal by BHP.