BHP and OZ Minerals extend exclusivity period
(Posted on 20/12/22)
BHP has provided an update to its announcement on 18 November 2022 that confirmed BHP had entered into a Confidentiality and Exclusivity Deed with OZ Minerals Limited (OZL) in relation to BHP’s revised non-binding indicative proposal to acquire 100% of OZL by way of a scheme of arrangement for a cash price of A$28.25 per OZL share (the Proposal). Under the Confidentiality and Exclusivity Deed, OZL granted BHP four weeks to undertake exclusive due diligence and negotiate a binding scheme implementation deed (SID).
In accordance with the terms of the Confidentiality and Exclusivity Deed, the exclusivity period has been extended for a further week until Tuesday 27 December 2022. This follows confirmation by BHP to OZL of completion of due diligence and the proposed cash price of A$28.25 per OZL share. The extension allows for finalisation and agreement of the binding SID.
The terms of any SID are subject to OZ Minerals Board approval and BHP Board approval. There is no guarantee that any transaction will eventuate or proceed at this stage.
Latest News
Telestack announces new iron ore project
(Posted on 16/06/25)Northern Ireland based Telestack have announced that they have been awarded a contract for the supply... Read more
Bühler opens grain puffing technology centre
(Posted on 15/06/25)Bühler has opened its new Puffing Application Center in Uzwil, Switzerland, providing food... Read more
Ore sorting demonstration project at Havre-Saint-Pierre mine launched
(Posted on 15/06/25)Rio Tinto is investing CA$7.6 million in an industrial demonstration project to assess the integration... Read more
Bühler sets new global standard with state-of-the-art Milling Academy
(Posted on 15/06/25)Bühler has opened a new, state-of-the-art Milling Academy – a 1,800-square-meter training... Read more
Anglo American completes demerger of Valterra Platinum
(Posted on 06/06/25)Anglo American plc has announced that it has completed the demerger of c.51% of the Company’s... Read more
Western Range iron ore mine in Pilbara opened with Yinhawangka owners
(Posted on 06/06/25)Rio Tinto has officially opened its newest iron ore mine, Western Range, with Western Australian Premier... Read more
Heidelberg presents Strategy 2030 to accelerate profitable growth
(Posted on 02/06/25)Heidelberg Materials has presented its “Strategy 2030: Making a Material Difference” at... Read more
Continued stability forecast for EU compound feed production
(Posted on 31/05/25)The European Feed Manufacturers' Federation (FEFAC) market experts have forecast continued stability... Read more
US grain and feed industry concerned about initial MAHA report
(Posted on 31/05/25)The Make America Healthy Again (MAHA) Commission has released a report that outlined potential contributors... Read more
First gallium extraction from Rio Tinto/Indium alumina refining process
(Posted on 15/05/25)Rio Tinto and its new partner Indium Corporation have successfully extracted the first primary gallium... Read more
