BHP likely to raise bid for ‘strategically sensible target’ The takeover kings are lining up for projects. Once our feasibility report comes out then CNC will be a legit takeover target.
--------------------------------------------------------------------------------
BHP Group Ltd will likely raise its A$8.34 billion ($5.82 billion) offer to buy Australia’s OZ Minerals, analysts said after the global miner was rebuffed in its pursuit of the nickel-copper miner on Monday.
BHP plans to zero in on battery metals like nickel and copper to align itself with a global push towards electrification and decarbonisation, as firms race to capitalize on burgeoning interest in clean energy and electric vehicles.
“Other buyers may be interested in OZ Minerals with many miners optimistic on the outlook for copper. Potential acquirers such as Glencore, Anglo American, Teck Resources, and so on are in very strong financial shape and able to bid,” said Jon Mills, an equity analyst at Morningstar.
https://www.mining.com/web/bhp-likely-to-raise-bid-for-strategically-sensible-target-oz-analysts/