Rio Sells Copper Mine Stake to Sumitomo for $399 Million [Yahoo! Finance]
BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares) (BHP)
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Source: Yahoo! Finance
Most Read from Bloomberg As Wars Rage, Cities Face a Dark New Era of Urban Destruction Riyadh Metro Partially Opens in Bid to Ease City's Traffic Jams Sumitomo will pay $195 million upfront and $204 million in deferred payments contingent on development progress, Rio said in a statement Wednesday. The London-based miner added that the companies would explore additional partnerships across copper, other base metals and lithium. “This is a unique opportunity to derisk our investment,” Rio's chief executive of copper, Katie Jackson, said. “We look forward to working more broadly as strategic partners to find new ways to deliver value across the metals and minerals supply chain.” The Winu copper-gold deposit in the remote Great Sandy Desert region of Western Australia was discovered by Rio in 2017 and is yet to be developed, according to the statement. A pre-feasibility study into building a mine will be released in 2025. Like peer BHP Group Ltd., Rio is keen to grow its expo
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News
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- RIO & BHP to Build Electric Smelting Furnace Plant to Lower Emissions [Yahoo! Finance]Yahoo! Finance
- Filo Announces the Mailing and Filing of Letters of Transmittal and Election Forms in Connection with the Acquisition by BHP and Lundin Mining [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Filo Announces the Mailing and Filing of Letters of Transmittal and Election Forms in Connection with the Acquisition by BHP and Lundin Mining [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
BHP
Sec Filings
- 12/18/24 - Form 6-K
- 11/21/24 - Form 6-K
- 11/18/24 - Form 6-K
- BHP's page on the SEC website