BHP Group Considered Spinning Off Australian Iron Ore, Coal Divisions, Reuters Says, Citing Sources

Dow Jones

Apr 02, 2025

--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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