BHP Group (BHP) explored the idea of divesting its Australian iron ore and coal units as part of a broader strategy to focus on copper and potash, Reuters reported Wednesday, citing sources with knowledge of the matter.
A domestic listing was seen as the most likely option, similar to BHP's 2015 separation of South32, the report quoted two sources as saying.
The discussions took place while BHP was working to reduce its carbon footprint and pursuing a bid for Anglo American in 2023 and last year, the report said.
BHP Group did not immediately respond to MT Newswires' request for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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