BHP's Nickel West Business Attracts Significant Buyer Interest, Sale Process Ongoing
Federal Resources Minister Madeleine King noted strong interest in BHP's Nickel West assets, indicating potential buyers. BHP placed the WA nickel operation under care and maintenance in October 2024 and initiated a sale process last October. Key contenders include Glencore, Wyloo, POSCO, and Sumitomo Metal Mining. BHP has not confirmed buyer interest but is evaluating options for divestment, with a decision on Nickel West's future expected by February 2026.
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Federal Resources Minister Madeleine King reported significant interest in BHP's Nickel West operations, suggesting a sale agreement may be imminent. The Foreign Investment Review Board evaluates acquisitions on a project basis.
BHP placed Nickel West into care and maintenance in October 2024 and began the sale process last October. Potential buyers include Glencore, Wyloo, POSCO, and Sumitomo Metal Mining. Given the substantial rehabilitation liabilities associated with Nickel West, the sale price is anticipated to be nominal. BHP will determine Nickel West's future by February 2026.
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