BHP Group Ltd has been given access to OZ Minerals' books following an improved offer valuing the miner at A$9.60 billion ($6.42 billion), moving a step closer to beefing up its Australian copper and nickel portfolio as demand for the battery metals surge.
OZ had said in September it would invest more than $1 billion in West Musgrave, which is expected to produce about 35,000 tonnes of nickel and 41,000 tonnes of copper on average annually in the first five years of production.
BHP's new cash offer of A$28.25 per share is at a 7.4% premium to OZ Minerals' last close, and 13% higher than the A$25 apiece proposalShares of OZ Minerals jumped 3.8% to A$27.31, their highest level since April 20, while BHP shares inched higher.OZ Minerals decided to grant BHP due diligence for four weeks on an exclusive basis, starting Nov. 21.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
How to Watch France vs. Australia in 2022 FIFA World Cup Group D MatchFrance and Australia will kick off their 2022 FIFA World Cup journeys against each other in Group D. Here’s how to watch the contest.
Consulte Mais informação »
Oz Minerals faces another takeover offerCopper miner Oz Minerals has gone into a trading halt on Thursday, with the company flagging a potential change of control transaction. Oz Minerals in September rejected a surprise A$8.4-billion takeover bid from diversified miner BHP, which had offered to acquire all of the company’s shares at A$25 a share.
Consulte Mais informação »
OZ Minerals backs BHP’s improved $6.4 billion bidBHP plans to splash cash on nickel exploration and a deal with OZ would give it access to projects.
Consulte Mais informação »
Pilbara Minerals to begin paying dividends on lithium boostAustralian miner will start paying dividends to shareholders for the first time since its listing in September 2007. mining
Consulte Mais informação »
Oz Minerals shares halted pending potential control changeBHP was the likely bidder, but it’s also possible it could be a new entrant because the mining giant hadn’t entered a trading halt, analyst says.
Consulte Mais informação »
BHP strike at Escondida copper mine “unjustifiable”Escondida workers to strike next week over alleged 'safety issues, bhp says labour action 'unjustifiable' Chile, copper via CeciliaJamasmie
Consulte Mais informação »