News: BHP BHP Says Western Australia Nickel To Temporarily Suspend Operations

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    July 11 (Reuters) - BHP Group Ltd (BHP) :

    • WESTERN AUSTRALIA NICKEL TO TEMPORARILY SUSPEND OPERATIONS
    • NICKEL WEST OPERATIONS AND WEST MUSGRAVE PROJECT (WESTERN AUSTRALIA NICKEL) WILL BE TEMPORARILY SUSPENDED FROM OCTOBER 2024
    • NICKEL WEST OPERATIONS AND WEST MUSGRAVE PROJECT WILL BE TEMPORARILY SUSPENDED FROM OCTOBER 2024.
    • INTENDS TO REVIEW DECISION TO TEMPORARILY SUSPEND WESTERN AUSTRALIA NICKEL BY FEBRUARY 2027.
    • BHP WILL INVEST APPROXIMATELY US$300 MILLION (AU$450 MILLION) PER ANNUM FOLLOWING COMPLETION OF A TRANSITION PERIOD
    • BHP WILL INVEST APPROXIMATELY US$300 MILLION PER ANNUM FOLLOWING COMPLETION OF A TRANSITION PERIOD
    • HANDOVER ACTIVITIES FOR TEMPORARY SUSPENSION WILL BE COMPLETED BY DECEMBER 2024
    • EXPECTS TO RECOGNISE FURTHER NON-CASH IMPAIRMENT CHARGE OF US$0.3 BILLION PRE-TAX AS EXCEPTIONAL ITEM IN FY2024 FINANCIAL STATEMENTS

    (([email protected];))

 
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