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BHP Weighs Boosting A$8.4 Billion Bid for OZ Minerals

  • OZ rejected earlier A$25 per share bid as undervaluing company
  • BHP is seeking assets to increase exposure to green transition
A view of the OZ Minerals Ltd. open pit copper mine in South Australia.

A view of the OZ Minerals Ltd. open pit copper mine in South Australia.

Photographer: Carla Gottgens

Updated on

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BHP Group Ltd. is considering raising its A$8.4 billion ($5.6 billion) offer for OZ Minerals Ltd., people familiar with the matter said, as the world’s top miner seeks to boost its exposure to metals needed for the green-energy transition.