BHP Group has commissioned Fluor Australia and Hatch Pty to oversee the staged expansion of its copper smelter and refinery facilities in South Australia, including at Olympic Dam, one of its largest copper projects. The first phase will see an investment of over A$40 million ($25 million) for strategy and planning. Phase one of the...
READ MOREMining company BHP has decided to halt its planned acquisition of competitor Anglo American, according to reports from the Financial Times. The deal, initially valued at £38 billion, has become unfeasible due to changing market conditions and strategic developments by Anglo American. Anglo American’s restructuring efforts, which include exiting operations in coal, diamonds, and platinum,...
READ MOREBHP Group and Lundin Mining have completed their joint acquisition of Filo and established Vicuña, a 50/50 joint venture that will oversee the Filo del Sol and Josemaria copper projects in Argentina and Chile. The total acquisition cost was C$4 billion (approximately USD 3 billion), excluding shares already held by both companies, BHP announced on...
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