South32 Bid For West Musgrave Tests BHP Valuation And Battery Metal Focus
South32 has emerged as a leading bidder for BHP Group's West Musgrave copper nickel project, a key asset in BHP's nickel portfolio. The potential sale is part of ASX:BHP's broader effort to sell non core assets and reshape its portfolio. Rival interest appears to have eased, with Sandfire Resources reportedly stepping back from the process. ASX:BHP enters this phase of portfolio reshaping with its shares at A$49.19 and a 29.5% return over the past year, 32.0% over three years and 74.9% over...
South32 has emerged as a leading bidder for BHP Group's West Musgrave copper nickel project, a key asset in BHP's nickel portfolio. The potential sale is part of ASX:BHP's broader effort to sell non core assets and reshape its portfolio. Rival interest appears to have eased, with Sandfire Resources reportedly stepping back from the process. ASX:BHP enters this phase of portfolio reshaping with its shares at A$49.19 and a 29.5% return over the past year, 32.0% over three years and 74.9% over...