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New Deal


Announced

BHP Group to acquire a 17.8% stake in Kabanga Nickel for $90m.

Financials

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Transaction Value£67m
Consideration TypeCash
Capital Owned-
Capital Bid For18%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Tanzania

nickel mining

Minority

Private

Cross Border

Platinum and Precious Metals

Pending

Friendly

Single Bidder

Synopsis

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BHP Group, an Anglo-Australian multinational mining, agreed to acquire a 17.8% stake in Kabanga Nickel, a Tanzania nickel project, for $90m. "We are delighted to announce this partnership with BHP. It highlights the world-class nature of the Kabanga deposit and its importance in helping meet the crucial decarbonisation challenge facing the world today. BHP is the ideal partner for Kabanga Nickel, bringing significant advantages and expertise that will enable us to move ahead with the project," Chris Showalter, Kabanga Nickel CEO.

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