BHP, the diversified mining group, and Lifezone Metals, a Tanzania-focused refinery and technology developer, have agreed that Lifezone will acquire BHP’s entire 17 percent interest in the Kabanga nickel project for deferred consideration of up to $83 million. The transaction, announced on Friday, will lift Lifezone’s holding to 84 percent, with the Tanzanian government retaining...
READ MOREBHP, the world’s largest diversified miner, has lifted annual copper production 8 % to an all-time high of 2.02 million t for the financial year to 30 June 2025, brushing the top of its 1.845-2.045 million t guidance range. The gains were driven by richer ore at Chile’s Escondida mine, where head grade climbed to...
READ MOREBHP—the world’s biggest listed miner and a heavyweight in iron ore, copper and metallurgical coal—has struck memoranda of understanding with Contemporary Amperex Technology (CATL), China’s battery behemoth, and FinDreams Battery, the cell-making arm of EV giant BYD. Together they will develop battery-electric haul trucks, locomotives and on-site charging kits for BHP operations worldwide. The goal:...
READ MOREBHP, diversified miner, reported underlying attributable profit of $10.16 billion for the year to 30 June, down 26% year on year and below the Visible Alpha consensus of $10.22 billion, as softer iron ore prices outweighed firmer copper. The world’s largest listed miner also set its lowest full-year dividend since 2017 and lifted its net-debt...
READ MORERio Tinto, diversified miner, and BHP, diversified miner, have had a planned federal land transfer for their Resolution Copper project in Arizona paused by a U.S. appeals court, prompting public criticism from President Donald Trump. The San Francisco-based Ninth Circuit issued a temporary stay of the transfer while it considers arguments from the San Carlos...
READ MOREBHP Group, the world’s largest mining company and biggest iron ore producer, and Rio Tinto, a British-Australian multinational and the world’s second-largest mining company, have experienced share price pressure despite projections of massive demand increases for critical minerals. The International Energy Agency forecasts copper demand will increase 50%, nickel demand will more than double, and...
READ MOREBHP and Lundin Mining Agree to Jointly Acquire Filo Corp., Establish Copper Joint Venture in Vicuña DistrictBHP and Lundin Mining Corporation have agreed to jointly acquire 100% of the Toronto-listed Filo Corp., which wholly owns the Filo del Sol copper project in the Vicuña district, spanning Argentina and Chile. The companies will subsequently form a...
READ MOREGlobal copper production overview The global copper industry continues to expand, driven by accelerating demand from energy transition technologies, electric vehicles, and infrastructure projects. In 2024, global copper production reached approximately 22.8 million metric tons, with significant contributions from Chile, Peru, China, and the Democratic Republic of Congo. Chile remains the leading producer, accounting for...
READ MOREMining giant BHP has acquired a stake in Australian company Cobre’s Kitlanya copper projects in Botswana, committing up to $25 million in funding for exploration of copper-silver deposits in the region. BHP’s investment will focus on Cobre’s East and West Kitlanya projects on the Kalahari Copper Belt margins. The company has pledged a minimum of...
READ MOREAustralian iron ore mining company BHP is advancing with a $2 billion (A$3.16 billion) investment to optimize the concentrator at Escondida, the world’s largest copper mine. This is part of a broader $10.8 billion (10.18 trillion pesos) investment plan in Chile, according to a Reuters report. BHP plans to submit the investment plan for environmental...
READ MORELeadership at BHP: strategic timing and implications BHP’s leadership succession continues to be a focus for investors and analysts. Chairman Ken MacKenzie remains at the helm, having overseen a period marked by major corporate restructuring, recovery efforts following the Samarco dam disaster, and BHP’s controversial bid for Anglo American. CEO Mike Henry, in his fifth...
READ MOREBHP 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...
READ MORE
