Chilean fuel-to-forestry giant Copec explores green hydrogen, copper options
Empresas Copec, which still gets most of its profit from fossil fuels and wood products, is stepping up its foray into renewable energy and alternative fuels.
BHP Group Ltd., the world’s No. 1 miner, is planning to sell Brazilian copper and gold assets it acquired with the takeover of Oz Minerals Ltd., according to people familiar with the matter.
The company has engaged Banco Santander SA to advise in talks for a potential sale after it completed a strategic review of such assets, said the people, who asked not to be identified discussing private details.
Spokespeople for BHP and Santander declined to comment for this story.
BHP’s $6.3 billion acquisition of Oz Minerals in May 2023 was its biggest deal in more than a decade and part of a strategy to boost exposure to key materials used in clean energy and electric cars.
BHP has no intention of getting rid of Samarco Mineracao SA, the iron-ore producer it jointly owns with Vale SA, the miner’s Brazil country manager told Bloomberg last year.
(By Rachel Gamarski and Vinícius Andrade)
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