BHP to sell Kambalda nickel concentrator, tenements to Gold Fields
Global miner BHP said on Wednesday it had agreed to sell the Kambalda Nickel Concentrator and a package of associated tenements and mineralisation rights in Western Australia to Johannesburg-listed Gold Fields.
Financial terms of the transaction are confidential, BHP said in an emailed response to Reuters.
The company temporarily suspended its Western Australia Nickel assets in early 2024 following oversupply in the global market.
The downturn, driven in part by rising Indonesian supply and weaker prices, prompted Australia later that year to designate nickel a critical mineral, making the industry eligible for billions of dollars in government support.
BHP said on Wednesday it would review the future of its remaining nickel assets by February 2027, assessing options including divestment, continued suspension, a restart or closure.
Gold Fields will evaluate options for the long-term use of the concentrator and offer employment to people directly supporting the asset, BHP said.
The agreements are subject to regulatory approvals and other conditions. The completion is expected during 2027.
Shares of BHP were down 0.8% at A$62.38, as of 23:55 GMT.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
We are responsible manufacturers of essential components. Manufacturing 80 million parts a week, we have over 1 billion parts in stock.
VISIT SHOWROOM
We at Hawk High Pressure Pumps specialise in industrial pumps and pumping systems. Our high pressure washing equipment is locally manufactured and...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
