Reported about 22 hours ago
BHP Group is considering a spin-off of its Australian iron ore and coal divisions as it shifts focus towards future-oriented commodities like potash and copper. While this restructuring could reduce its carbon exposure and significantly change the company’s operations, discussions have stalled as BHP needs the cash generated by these divisions for ongoing projects. New leadership under Ross McEwan and a reevaluation of business strategies suggest any potential spinoff might be delayed.
Source: YAHOO