Anglo American and BHP Group's fourth takeover bid for BHP Group

Chris Ratcliffe | Bloomberg | Getty Images

LONDON – BHP Group said on Wednesday it believes it is necessary to press ahead with talks with takeover target Anglo American, as a deadline for discussions expires at the end of the session.

The Australian miner said in a statement it has proposed a number of “socio-economic measures” to address concerns over its bid, but added more time was needed for discussions.

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