BHP to Sell All Its Chile Power Lines to Focus on Copper

Companies · Energy

—The deal. BHP, the world’s biggest mining company, is preparing to sell all of its electricity transmission lines in Chile.

—Price tag. Market sources put the value of the assets at around $1.5bn, with a close possible this year.

—What’s for sale. The roughly 1,000 km of lines power BHP’s flagship northern copper sites: Escondida, Spence and the temporarily idled Cerro Colorado.

—The playbook. BHP raised about $2bn doing the same thing in Australia, selling grid assets to free cash for mining.