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.
Latest News
Trafigura transaction for new cobalt hydroxide and copper cathode supplies
(Posted on 20/01/22)Shalina Resources (“Shalina”) and Chemaf SA (“Chemaf”), a leading vertically... Read more
Glencore closes sale of Ernest Henry Mine
(Posted on 08/01/22)Glencore and Evolution Mining Limited (Evolution) have closed the sale and purchase of Glencore&rsquo... Read more
Rio Tinto call on WA manufacturers to build iron ore rail cars
(Posted on 20/12/21)Rio Tinto has called for Expressions of Interest (EOI) from Western Australian manufacturers to build... Read more
Rusal opens low-carbon aluminium smelter in Taishet
(Posted on 20/12/21)Rusal a leading global aluminium producer, opens the first phase of the world’s most advanced... Read more
New green hydrogen project for Port Pirie
(Posted on 13/12/21)Trafigura Group Pte. Ltd., one of the world’s largest physical commodity trading companies, Nyrstar... Read more
En+ first Russian company with UN recognised Energy Compact
(Posted on 07/12/21)En+ Group, the world’s largest producer of low carbon aluminium, has received confirmation from... Read more
Copper Mark for BHP’s Olympic Dam, Spence and Escondida
(Posted on 30/11/21)BHP’s Chilean operations Escondida and Spence, and Olympic Dam in Australia, have been awarded... Read more
Evolution to acquire Ernest Henry Mining from Glencore
(Posted on 25/11/21)Glencore and Evolution Mining Limited (Evolution) have entered into a binding agreement for the sale... Read more
Increased investment for low-carbon AP60 aluminium production
(Posted on 18/11/21)Rio Tinto is investing US$87 million to increase its low-carbon aluminium production in Canada with... Read more
Production of products from aluminium-scandium alloy launched
(Posted on 18/11/21)RUSAL, a leading global aluminium producer, together with KUMZ, has successfully launched the production... Read more
