TOC Americas 2025Sailors SocietyVan AalstTBA GroupViganTelestack
  • Geneva Dry
  • Port of South Louisiana
  • TOC Americas 2025
  • Bühler GmbH
  • Van Aalst
  • TBA Group

BHP completes OZ Minerals acquisition

BHP completes OZ Minerals acquisition

(Posted on 02/05/23)

BHP has announced the completion of the OZ Minerals acquisition and implementation of the scheme of arrangement for BHP Lonsdale Investments Pty Limited, a wholly owned subsidiary of BHP Group Limited, to acquire 100% of the shares in OZ Minerals Limited (OZL) (the Scheme). BHP Group Limited is now the ultimate parent company of OZL.

BHP CEO Mike Henry said: “This acquisition strengthens BHP’s portfolio in copper and nickel and is in line with our strategy to meet increasing demand for the critical minerals needed for electric vehicles, wind turbines and solar panels to support the energy transition. Combining our two organisations will provide options for growth, bring new talent and innovation to unlock these resources in a sustainable way, and deliver value to shareholders and communities.”

In bringing together the BHP and OZ Minerals businesses, BHP will focus on safe and reliable operation of the Olympic Dam, Prominent Hill and Carrapateena assets, building a shared culture of innovation and performance, and progressing sustainable growth options to establish a copper province in South Australia.

BHP Chief Operating Officer Edgar Basto said: “We welcome the OZ Minerals team to BHP as new colleagues with shared values of safety, respect, innovation and performance. Bringing together our quality resources, talented teams and innovative thinking will help us create opportunities for local employment, small businesses, regional communities, Traditional Owners and the South Australian economy.

“South Australia has the potential to be a major supplier of copper to meet the world’s increasing demand for copper and we look forward to unlocking the potential of our people and their combined talent. This will require new thinking and new technology and we are excited to begin work on the

opportunities ahead.”

OZL shareholders today received total cash consideration of A$28.25 per OZL share, comprising:

the scheme consideration paid by BHP of A$26.50 for each OZL share held at the scheme record date, which is 7:00pm on 24 April 2023; and

a fully franked special dividend paid by OZL of A$1.75 for each OZL share held on the special dividend record date, which is 7:00pm on 21 April 2023.

The cash payment by BHP has been funded using a combination of BHP’s existing cash reserves and the proceeds of a debt facility.

OZL has applied to be removed from the official list of the ASX. Removal is expected to occur no later than 3 May 2023.

Latest News

Resilient financial results as Rio Tinto grows and diversifies

(Posted on 30/07/25)

Rio Tinto has announced a 6% production year-on-year uplift, thereby delivering on strategy through... Read more


K-SURE and Trafigura $200m financing agreement to support Korean shipping

(Posted on 30/07/25)

The Korea Trade Insurance Corporation (K-SURE) and Trafigura, a global leader in the commodities industry... Read more


BHP record copper and iron ore production drives strong 2025 performance

(Posted on 21/07/25)

BHP have released their Operational Review for the year ended 30 June 2025.BHP Chief Executive Officer... Read more


Dynamic Mining shipping arm and GeoServe’s one-year milestone

(Posted on 15/07/25)

A strategic collaboration between Icon Gulf Trading DMCC (part of the Dynamic Group) and GeoServe Energy... Read more


SSAB and Metal Solutions start partnership in fossil-free steel

(Posted on 15/07/25)

SSAB and Metal Solutions have entered a long-term partnership for the supply of decarbonized steel with... Read more


NGFA thanks lawmakers for including industry priorities in ‘One Big Beautiful Bill’

(Posted on 08/07/25)

The National Grain and Feed Association (NGFA) in the USA has applauded Congress for including a slate... Read more


Fertilizers Europe: Commission announcement on CBAM falls short

(Posted on 08/07/25)

Fertilizers Europe’s have released their reaction to the European Commission announcement on the... Read more


Bunge completes sale of its North America corn milling business

(Posted on 02/07/25)

Bunge Global SA has confirmed that it has completed the previously announced sale of its North America... Read more


SSAB secures additional EUR 430 million green financing for Luleå

(Posted on 02/07/25)

Following the successful debt raising at the end of April 2025, SSAB has secured an additional EUR 430... Read more


Soaring demand opens up investment opportunities across West Africa

(Posted on 25/06/25)

Despite China’s dominant position in securing commodities across Africa, there are still many... Read more


Port of South LouisianaTOC Africa 2025Port of StocktonBühler GmbHGeneva DryCimbria
  • Cimbria
  • Telestack
  • Sailors Society

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping