BHP agrees to sell Kambalda nickel concentrator and mining tenements to Gold Fields
BHP BHP Group Limited ADR
$85.22 -2.05%
View chart & analysis → - 1BHP has agreed to sell the Kambalda nickel concentrator (KNC) in Western Australia and related mining tenements and mining rights to Gold Fields.
- 2The transaction is expected to be completed in 2027, subject to certain conditions including regulatory approvals.
- 3BHP previously announced the temporary suspension of its nickel operations in Western Australia in July 2024 due to a global nickel oversupply.
So what's the key point?
BHP has decided to sell its nickel facilities and mines in Western Australia to Gold Fields. The sale is moving forward because there is currently too much nickel available in the market.
Source Mining Technology · View original ↗
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