- About us
- IBJ Awards
- Free Sample
- Contact us
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.
Rio Tinto has approved a $77 million (A$110 million) pre-feasibility study (PFS) to progress development... Read more
Rio Tinto and Giampaolo Group have completed a transaction to form the Matalco joint venture, combining... Read more
Khalifa Economic Zones Abu Dhabi – KEZAD Group, the largest operator of integrated and purpose... Read more
ADM, a leader in sustainable agriculture supply chains, has announced an important expansion of its... Read more
Trafigura, a market leader in the global commodities industry, has agreed to invest in an all-in-one... Read more
ADM and Marathon Petroleum Corp. have celebrated the opening of their joint venture soybean processing... Read more
Former U.S. Grains Council (USGC) Director of Global Programmes Alejandra Castillo was named the successor... Read more
Rio Tinto has completed the acquisition of PanAmerican Silver’s stake in Agua de la Falda and... Read more
Cargill has completed an expansion and modernization project at its integrated soybean crush and refined... Read more
BHP has approved an investment of US$4.9 billion (C$6.4 billion) for stage two of the Jansen potash... Read more