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
Rio Tinto and BHP collaboration to mine up to 200m tonnes of Pilbara iron ore
(Posted on 15/01/26)Rio Tinto and BHP have agreed to work together to extract up to 200 million tonnes of iron ore at their... Read more
Sohar land lease agreement with Oman Zinc
(Posted on 14/01/26)SOHAR Port and Freezone has signed a USD 50 million investment agreement with Oman Zinc LLC, to develop... Read more
NGFA applauds STB proposal to repeal flawed 49 CFR Part 1144 regulation
(Posted on 14/01/26)The National Grain and Feed Association (NGFA) in the USA has applauded the Surface Transportation Board... Read more
Rio Tinto and Glencore merger talks
(Posted on 14/01/26)Rio Tinto have released the following statement regarding their recent discussions with Glencore:&ldquo... Read more
ADM and Bayer expand commitment to Indian soybean farmers
(Posted on 06/01/26)ADM and Bayer have announced a three-year extension of their partnership to support farmers in Maharashtra... Read more
NGFA applauds reintroduction of HAULS Act
(Posted on 24/12/25)The National Grain and Feed Association (NGFA) has applauded Senator Deb. Fischer’s (R-Neb.) reintroduction... Read more
Anglo American and Teck receive approval for merger of equals
(Posted on 18/12/25)Anglo American plc and Teck Resources Limited have received regulatory approval from the Government... Read more
Rhodes Ridge $191m feasibility study on Pilbara iron ore mine
(Posted on 18/12/25)The Rhodes Ridge Joint Venture has approved a $191 million (A$294 million) (Rio Tinto share $96 million... Read more
Strong metals trading as Trafigura publishes annual results
(Posted on 09/12/25)Trafigura Group Pte Ltd, a global leader in the commodities industry, has announced its financial results... Read more
Rio Tinto’s Nuton technology produces first copper
(Posted on 09/12/25)Rio Tinto has successfully produced the first copper from the Johnson Camp mine in Arizona using its... Read more
