--BHP Group explored spinning off its Australian iron ore and coal businesses as part of a medium-term growth strategy, Reuters reports, citing unnamed sources.
--Ultimately, the company decided it still needed the cash the divisions generated to fund spending at its Escondida copper complex in Chile and its Jansen potash development in Canada, Reuters reports.
--BHP Chief Executive Mike Henry and then-Finance Chief David Lamont--who stepped down from the role in early 2024--held discussions with investors on a plan to separate the miner's future growth assets from its declining growth businesses towards the end of the decade, Reuters reports.
--BHP declined to comment to Reuters.
Full story: https://shorturl.at/qEKTZ
Write to Adam Whittaker at adam.whittaker@wsj.com
(END) Dow Jones Newswires
April 02, 2025 09:00 ET (13:00 GMT)
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