BHP Ties Faraday Stake To Arizona Copper Hub And Growth Goals
BHP Group has agreed to sell its San Manuel copper property in Arizona to Faraday Copper. As part of the transaction, BHP will receive a 30% equity stake in Faraday Copper. The deal positions both companies to work toward a potential restart of copper production at San Manuel. The transaction supports efforts to strengthen U.S. copper supply chain resilience. BHP Group (ASX:BHP), trading at A$54.02, is adding another piece to its copper presence in North America through this San Manuel...
BHP Group has agreed to sell its San Manuel copper property in Arizona to Faraday Copper. As part of the transaction, BHP will receive a 30% equity stake in Faraday Copper. The deal positions both companies to work toward a potential restart of copper production at San Manuel. The transaction supports efforts to strengthen U.S. copper supply chain resilience. BHP Group (ASX:BHP), trading at A$54.02, is adding another piece to its copper presence in North America through this San Manuel...