Mining large BHP is again on the hunt for acquisitions, launching an $8.4 billion takeover bid for copper and nickel miner OZ Minerals.
Sky Information Enterprise Reporter Ed Boyd says OZ Minerals have rejected the provide, with BHP hoping to amass “extra copper and nickel belongings”.
“Oz Minerals is a mining firm – they mine copper, gold and nickel.
“BHP view as copper and nickel as future dealing with commodities,” he mentioned.
Mr Boyd mentioned BHP are doubtless “to return again with a barely larger bid”.
“We’ll get BHP’s full revenue outcomes subsequent Tuesday.”