That strategy, however, will require a productive partnership the Kokatha native title custodians, a group that is increasingly divided and distracted by an internal dispute. The acquisition of OZ Minerals is part of BHP’s plans to consolidate the South Australian copper fields. The deal will be BHP’s largest acquisition since it spent $US15 billion ($22.5 billion) buying US shale gas producer Petrohawk Energy in August 2011. Aaron BunchīHP will pay $28.25 in cash for each OZ Minerals share in a deal that is designed to allow the iron ore major to grow its reserves of copper and nickel amid surging demand for those metals due to their use in efforts to reduce carbon emissions and increase clean power generation. Norway’s Norges Bank owns 4.9 per cent of OZ Minerals and will vote in favour of the takeover at a vote in Adelaide alongside two large North American pension funds, the California Public Employees’ Retirement System and the Florida State Board of Administration.īHP, which operates Olympic Dam, is acquiring OZ Minerals, the owner of several copper assets in the area. Find, tweak and capture your sounds, perform on a best-in-class keybed, and express yourself with the included collection of pro-grade instruments, with Komplete Kontrol A25.An escalating native title stoush linked to South Australia’s prized copper mines threatens to overshadow institutional support for BHP’s $9.6 billion OZ Minerals deal, which is expected to be sealed on Thursday with the endorsement of the world’s biggest investors. Get hands-on with all of your instruments and effects from a smart, streamlined keyboard at an affordable price.
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