The miner aims to streamline operations by selling assets unrelated to its core copper focus in Chile.
BHP plans to sell its power transmission lines in Chile, valued at approximately $1.5 billion. The move aligns with the company’s strategy to concentrate on copper mining in the region, reducing non-core infrastructure holdings.
The assets include transmission lines that supply power to BHP’s operations. No formal sale process has been announced, but the company has signaled a broader shift toward optimizing its portfolio.
The transaction reflects BHP’s ongoing efforts to reallocate capital toward high-growth commodities, particularly copper, amid rising global demand for the metal.