The boss of Alcoa Australia has been promoted to lead the US miner’s global operation from his Perth base after just seven months with the aluminium specialist.
Australia’s largest miner is a step closer to sealing its biggest acquisition in years after Oz Minerals shareholders endorsed the offer.
The Australian sharemarket climbed on Tuesday as the country’s iron ore giants lifted the local bourse.
Mining giant BHP has agreed to press ahead with its biggest acquisition in a decade to boost its exposure to metals needed in the clean-energy transition.
Mining giant BHP has been given another week to finalise the terms of its blockbuster takeover of Australian copper and nickel producer Oz Minerals.
BHP’s sweetened offer lands Oz Minerals as it accelerates its push to gain greater supplies of “green” metals needed to power the clean energy era.
The Australian copper miner is weighing a potential new takeover deal after rebuffing an earlier $8.4 billion offer from mining giant BHP.
Timing is everything in the volatile world of resources. And as it stands,there’s probably not going to be enough copper produced over the next few decades to enable net-zero carbon emissions by 2050.
BHP target Oz Minerals has hit go on its West Musgrave mine to produce copper and nickel mine,two commodities much sought after by the big Australian.
The “Big Australian” has pursued a strategy of only holding mining assets that offer significant scale,are long-life and low-cost. But has it paid off?
BHP’s $8bn offer for ASX-listed copper and nickel producer Oz Minerals feels like an opening gambit,but a deal is far from guaranteed.