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BHP completes divestment of Cerrejón interest

BHP completes divestment of Cerrejón interest

(Posted on 15/01/22)

BHP has completed the sale to Glencore of its 33.3 per cent interest in Cerrejón, a non-operated energy coal joint venture in Colombia.

The transaction was first announced on 28 June 2021 for a total cash consideration of approximately US$294 million based on an effective economic date of 31 December 2020.

Concurrently, Anglo American also completed the sale of its 33.3 per cent interest to Glencore, thereby providing Glencore with 100% ownership and operating control of Cerrejón.

Selling BHP’s financial interest to a current Cerrejón shareholder who understands the operation represents a strong outcome for Cerrejón and the stakeholders it supports.

BHP, formerly known as BHP Billiton, is the trading entity of BHP Group Limited and BHP Group plc, an Anglo-Australian multinational mining, metals and petroleum dual-listed public company headquartered in Melbourne, Victoria, Australia.

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