BHP to Sell All Its Chile Power Lines to Focus on Copper
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4 Articles
BHP to Sell All Its Chile Power Lines to Focus on Copper
Companies · Energy —The deal. BHP, the world’s biggest mining company, is preparing to sell all of its electricity transmission lines in Chile. —Price tag. Market sources put the value of the assets at around $1.5bn, with a close possible this year. —What’s for sale. The roughly 1,000 km of lines power BHP’s flagship northern […] The post BHP to Sell All Its Chile Power Lines to Focus on Copper appeared first on The Rio Times.
The multinational mining company BHP, controller and operator of the largest copper mine in the world, Escondida, decided to divest itself of its transmission assets, for which it hired the investment bank JP Morgan as the head of the process, which is only in its initial stage.Sources from the financial world confirmed that BHP effectively started a process of selling its electric transmission lines and substations, as published on Wednesday DF…
BHP to sell $1.5B Chile power lines in copper-first pivot
Mining giant BHP (ASX: BHP) is preparing to sell about $1.5 billion worth of power transmission assets in Chile as the world’s largest miner sharpens its focus on copper and... The post BHP to sell $1.5B Chile power lines in copper-first pivot appeared first on The Northern Miner.
According to sources to DF, the transaction would contemplate all of these assets replicating last year's play in Australia.
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