With OZL Minerals now in the fold, BHP has the ability to become a major supplier to the world’s EV industry and construct one of the largest green industrial complexes in South Australia, a massive two-part smelter driven by electricity generated by solar and wind.
"While there are obvious economies in mining BHP's Olympic and Oak Dam at the same time as the Prominent Hill ore bodies, the characteristics of the different ores allowing a much larger smelter to be erected was an important motivation for BHP in the takeover. Once it is consummated, feasibility planning for the smelter will begin. But of course, BHP will not confirm that investment until that feasibility is completed."
['BHP’s OZ takeover hints at a new minerals revolution' article, article by Robert Gottliebsen in The Australian on 22 November 2022]
Cheers
These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
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