BHP Group (ASX:BHP) plans flat copper volumes to 2030 while pursuing disciplined deals and partnerships — including a ~32.5% stake in Faraday Copper via the San Manuel sale — as it seeks growth alongside a $1.5B Chile restart project and a new four‑year pay deal for key mine staff.
Previous Week Recap
- BHP Seeks Flat Copper Growth: BHP Group (BHP) expects flat copper volumes through 2030 and may pursue acquisitions to drive growth. Management says it will use disciplined deal-making and favor partnerships when suitable.
- BHP Sells San Manuel For Shares: BHP Group agreed to sell San Manuel to Faraday Copper, receiving shares that give BHP a roughly 32.5% stake; deal includes shareholder and offtake rights and integration with Copper Creek.
- BHP Files For Cerro Colorado Permit: BHP filed for an environmental permit to restart Cerro Colorado copper mine in northern Chile with a ~$1.5B leach-desalination project, 100+ km wastewater pipeline and about 20 years added mine life.
- BHP Workers Approve Four-Year Deal: BHP: 58% of 1,618 South Flank and Mining Area C workers approved a new four-year deal for 1,814 staff, guaranteeing a 16% pay rise, higher site allowances and delayed-flight payments.
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