BHP Completes the OZ Minerals Acquisition

BHP will now control the Prominent Hill mine (above), which produces one of the highest grades of copper concentrate.
(Photo: OZ Minerals)
BHP recently announced the completion of its $6.4 billion acquisition of OZ Minerals. “This acquisition strengthens BHP’s portfolio in copper and nickel and is in line with our strategy to meet increasing demand for the critical minerals needed for electric vehicles, wind turbines and solar panels to support the energy transition,” BHP CEO Mike Henry said. “Combining our two organizations will provide options for growth, bring new talent and innovation to unlock these resources in a sustainable way, and deliver value to shareholders and communities.”

In bringing together the BHP and OZ Minerals businesses, Henry said, BHP will focus on safe and reliable operation of the Olympic Dam, Prominent Hill and Carrapateena assets, building a shared culture of innovation and performance, and progressing sustainable growth options to establish a copper province in South Australia.

As featured in Womp 2023 Vol 05 -