BHP to merge oil operations with WoodsidePOTASH SHIFT: The company said potash operations would give it increased leverage to key global mega-trends, including diets and environmental stewardshipBloombergBHP Group is to merge its oil and gas operations with Woodside Petroleum Ltd as the biggest miner positions itself for a global shift away from fossil fuels and prepares to plow US$5.7 billion into a massive new fertilizer mine in Canada. After the deal, BHP shareholders are to own about 48 percent of Woodside, the miner said in a statement yesterday. A BHP logo is displayed at a meeting in Tokyo on June 5, 2017. “Potash provides BHP with increased leverage to key global mega-trends, including rising population, changing diets, decarbonization and improving environmental stewardship,” the company said. It is also expanding existing nickel operations in Australia and building a stake in a copper company in Ecuador.

Source: Taipei Times August 17, 2021 15:56 UTC