BHP Reshapes Copper And Silver Exposure As China Iron Ore Tensions Grow
BHP Group (ASX:BHP) has sold 100% of its San Manuel property in Arizona to Faraday Copper Corp, while retaining a 30% equity stake and related shareholder rights. The San Manuel sale supports plans to build a copper hub in the US around the project. BHP has entered a long term silver streaming agreement with Wheaton Precious Metals, linked to silver production from the Antamina mine. China Mineral Resources Group has placed new restrictions on BHP iron ore cargoes as contract negotiations...
BHP Group (ASX:BHP) has sold 100% of its San Manuel property in Arizona to Faraday Copper Corp, while retaining a 30% equity stake and related shareholder rights. The San Manuel sale supports plans to build a copper hub in the US around the project. BHP has entered a long term silver streaming agreement with Wheaton Precious Metals, linked to silver production from the Antamina mine. China Mineral Resources Group has placed new restrictions on BHP iron ore cargoes as contract negotiations...