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BHP’s $60 billion copper play was years in the making

BHP’s $60 billion copper play was years in the making

How detail-focused chief executive Mike Henry has been methodically hunting a big deal.

Thomas Biesheuvel, Dinesh Nair and Paul-Alain Hunt

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When Mike Henry took over as chief executive officer of BHP Group in 2020, the world’s biggest mining company had lost its swagger.

Bruised by a series of painful missteps and a run-in with activist Elliott Investment Management, the Anglo-Australian behemoth was kicking crucial decisions down the road, and increasingly aware that its reliance on fossil-fuel-heavy commodities could start turning investors away.

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Original URL: https://www.afr.com/companies/mining/bhp-s-60-billion-copper-play-was-years-in-the-making-20240428-p5fn41