{"id":8281,"date":"2023-05-03T10:38:45","date_gmt":"2023-05-03T00:38:45","guid":{"rendered":"https:\/\/yinghuiinternational.com\/?p=8281"},"modified":"2023-06-23T10:39:32","modified_gmt":"2023-06-23T00:39:32","slug":"a-farewell-to-oz-bhp-completes-takeover","status":"publish","type":"post","link":"https:\/\/yinghuiinternational.com\/index.php\/2023\/05\/03\/a-farewell-to-oz-bhp-completes-takeover\/","title":{"rendered":"A farewell to OZ \u2013 BHP completes takeover"},"content":{"rendered":"\n

<\/h1>\n\n\n\n

\"\"TIMOTHY BOND<\/a><\/p>\n\n\n\n

\"bhp,<\/figure>\n\n\n\n

BHP is now officially the parent company of OZ Minerals, with OZ set to be removed from the ASX today.<\/p>\n\n\n\n

\u201cThis acquisition strengthens BHP\u2019s portfolio in copper and nickel and is in line with our strategy to meet increasing demand for the critical minerals needed for electric vehicles, wind turbines and solar panels to support the energy transition,\u201d BHP chief executive officer Mike Henry said.<\/p>\n\n\n\n

\u201cCombining our two organisations will provide options for growth, bring new talent and innovation to unlock these resources in a sustainable way, and deliver value to shareholders and communities.\u201d<\/p>\n\n\n\n

The takeover will allow BHP to focus on safe and reliable operation of the Olympic Dam, Prominent Hill and Carrapateena assets.<\/p>\n\n\n\n

This week OZ shareholders received $28.25 per OZ share, marking the implementation of the scheme of arrangement. This follows approval of the $9.63 billion deal<\/a> by the Federal Court earlier this month.<\/p>\n\n\n\n

The revised offer was an increase on the original $8.4 billion offer made in August 2022.<\/p>\n\n\n\n

OZ Minerals has a number of operations in Brazil, including the Santa L\u00facia iron oxide copper-gold mineral deposit, the Antas copper-gold mine, and CentroGold, one of the largest undeveloped gold projects in Brazil.<\/p>\n\n\n\n

The acquisition gives BHP access to the company\u2019s significant portfolio of future-facing minerals \u2013 namely copper and nickel \u2013 that are vital to the world\u2019s push for clean energy.<\/p>\n\n\n\n

In its final ever quarterly report<\/a>, OZ Minerals produced 31,362 tonnes of copper and 46,722 ounces of gold.<\/p>\n\n\n\n

\u201cAs this is the final production report from OZ Minerals, the board and management would like to thank all our stakeholders for their contribution to the company\u2019s success,\u201d OZ Minerals chief executive officer Andrew Cole said.<\/p>\n\n\n\n

BHP has indicated that it intends to retain the majority of OZ Minerals\u2019 workforce<\/a>, particularly at Prominent Hill and Carrapateena.<\/p>\n","protected":false},"excerpt":{"rendered":"

TIMOTHY BOND BHP is now officially the parent company of OZ Minerals, with OZ set to be removed from the ASX today. \u201cThis acquisition strengthens BHP\u2019s portfolio in copper and nickel and is in line with our strategy to meet increasing demand for the critical minerals needed for electric vehicles, wind turbines and solar panels … Continue reading “A farewell to OZ \u2013 BHP completes takeover”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[37,206,7],"tags":[],"class_list":["post-8281","post","type-post","status-publish","format-standard","hentry","category-clients","category-goldcopper","category-news"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p83F9T-29z","jetpack-related-posts":[{"id":8273,"url":"https:\/\/yinghuiinternational.com\/index.php\/2023\/05\/11\/putting-south-australia-on-the-global-copper-map\/","url_meta":{"origin":8281,"position":0},"title":"Putting South Australia on the global copper map","author":"yinghui","date":"May 11, 2023","format":false,"excerpt":"TOM PARKER The Carrapateena operation in South Australia. Image: OZ Minerals BHP has shed more light on its plans for South Australia after recently acquiring OZ Minerals and its Prominent Hill and Carrapateena copper mines. \u201cGlobally, BHP has the largest copper endowment of any company, based on ownership interest,\u201d BHP\u2026","rel":"","context":"In "Gold and Copper"","block_context":{"text":"Gold and Copper","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/goldcopper\/"},"img":{"alt_text":"BHP South Australia","src":"https:\/\/i0.wp.com\/www.australianresourcesandinvestment.com.au\/wp-content\/uploads\/2023\/05\/190913_CarrapateenaSiteAView3_1200x675-1024x576.jpeg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.australianresourcesandinvestment.com.au\/wp-content\/uploads\/2023\/05\/190913_CarrapateenaSiteAView3_1200x675-1024x576.jpeg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.australianresourcesandinvestment.com.au\/wp-content\/uploads\/2023\/05\/190913_CarrapateenaSiteAView3_1200x675-1024x576.jpeg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.australianresourcesandinvestment.com.au\/wp-content\/uploads\/2023\/05\/190913_CarrapateenaSiteAView3_1200x675-1024x576.jpeg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":8478,"url":"https:\/\/yinghuiinternational.com\/index.php\/2023\/10\/18\/bhp-scales-new-copper-heights\/","url_meta":{"origin":8281,"position":1},"title":"BHP scales new copper heights","author":"yinghui","date":"October 18, 2023","format":false,"excerpt":"TOM PARKER BHP\u2019s acquisition of OZ Minerals is paying dividends, with operational records falling across its new\u00a0copper district in South Australia. The Carrapateena mine, located 100km south-east of BHP\u2019s Olympic Dam operation, achieved record development metres in September, producing 14,100 tonnes of copper in the September quarter. This is a\u2026","rel":"","context":"In "Gold and Copper"","block_context":{"text":"Gold and Copper","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/goldcopper\/"},"img":{"alt_text":"Copper South Australia","src":"https:\/\/i0.wp.com\/www.australianresourcesandinvestment.com.au\/wp-content\/uploads\/2023\/05\/190913_CarrapateenaSiteAView3_1200x675-1024x576.jpeg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.australianresourcesandinvestment.com.au\/wp-content\/uploads\/2023\/05\/190913_CarrapateenaSiteAView3_1200x675-1024x576.jpeg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.australianresourcesandinvestment.com.au\/wp-content\/uploads\/2023\/05\/190913_CarrapateenaSiteAView3_1200x675-1024x576.jpeg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.australianresourcesandinvestment.com.au\/wp-content\/uploads\/2023\/05\/190913_CarrapateenaSiteAView3_1200x675-1024x576.jpeg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":984,"url":"https:\/\/yinghuiinternational.com\/index.php\/2015\/09\/26\/oz-minerals-sees-successful-processing-trials\/","url_meta":{"origin":8281,"position":2},"title":"OZ Minerals sees successful processing trials","author":"yinghui","date":"September 26, 2015","format":false,"excerpt":"As base metals prices stagnate, many miners are looking to innovative methods to increase production. One area that many operators are looking to for cost savings and efficiency increases is that of minerals processing. OZ Minerals began trials to slash costs and boost productivity by implementing more efficient minerals processing\u2026","rel":"","context":"In "Mines and Quarry"","block_context":{"text":"Mines and Quarry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/"},"img":{"alt_text":"map_carapateena","src":"https:\/\/i0.wp.com\/www.bnmme.com.au\/wp-content\/uploads\/2015\/09\/map_carapateena.gif?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":8536,"url":"https:\/\/yinghuiinternational.com\/index.php\/2024\/02\/27\/significant-high-copper-grades-unlocked-at-oak-dam\/","url_meta":{"origin":8281,"position":3},"title":"Significant high copper grades unlocked at Oak Dam","author":"yinghui","date":"February 27, 2024","format":false,"excerpt":"OLIVIA THOMSON Image: Phawat\/stock.adobe.com An exploration program undertaken by BHP at its Oak Dam copper deposit has identified high-grades of copper deep beneath the Olympic Dam ore body, with some grades equalling more than two per cent. The Oak Dam deposit is located 65km south-east of the Olympic Dam mine\u2026","rel":"","context":"In "Clients"","block_context":{"text":"Clients","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/clients\/"},"img":{"alt_text":"true north copper","src":"https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2024\/01\/Screenshot-2024-01-24-at-7.58.13%E2%80%AFam-1024x588.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2024\/01\/Screenshot-2024-01-24-at-7.58.13%E2%80%AFam-1024x588.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2024\/01\/Screenshot-2024-01-24-at-7.58.13%E2%80%AFam-1024x588.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2024\/01\/Screenshot-2024-01-24-at-7.58.13%E2%80%AFam-1024x588.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":8316,"url":"https:\/\/yinghuiinternational.com\/index.php\/2023\/07\/20\/copper-south-australia-the-bhp-era-begins\/","url_meta":{"origin":8281,"position":4},"title":"\u2018Copper South Australia\u2019: The BHP era begins","author":"yinghui","date":"July 20, 2023","format":false,"excerpt":"TOM PARKER The Carrapateena operation in South Australia. 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The major miner also revealed annual production records at Western Australian Iron Ore (WAIO), the Olympic Dam operation, and\u2026","rel":"","context":"In "Gold and Copper"","block_context":{"text":"Gold and Copper","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/goldcopper\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8173,"url":"https:\/\/yinghuiinternational.com\/index.php\/2022\/11\/19\/bhp-finally-lands-oz-minerals\/","url_meta":{"origin":8281,"position":5},"title":"BHP finally lands OZ Minerals","author":"yinghui","date":"November 19, 2022","format":false,"excerpt":"\u5fc5\u548c\u5fc5\u62d3\u4e0a\u8c03\u5bf9OZ Minerals\u6536\u8d2d\u62a5\u4ef7 2022-11-18 10:26:55 (AET) by Edward Zhang\u00a0\u00a0 660 \u5fc5\u548c\u5fc5\u62d3\uff08ASX\uff1aBHP\uff09\u5c06\u5176\u5bf9\u77ff\u4e1a\u516c\u53f8 OZ 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