Deals
BHP Seeking Buyer for Gold, Copper Mines in Brazil
- Company hires Santander to advise on potential transaction
- Talks come after completion of strategic review of assets
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BHP Group Ltd., the world’s No. 1 miner, is planning to sell Brazilian copper and gold assets it acquired with the takeover of Oz Minerals Ltd., according to people familiar with the matter.
The company’s acquisition of Oz Minerals in May 2023 was its biggest deal in more than a decade and included buying an untapped gold deposit and four small, but high-grade, copper-gold mines in the Brazilian state of Para.