HAP - BHP To Temporarily Shut Down Western Australia Nickel Operations: Details | Benzinga
BHP Group Limited (NYSE:BHP) will temporarily suspend its Nickel West operations and West Musgrave project in Western Australia starting October 2024.
The Australian miner plans to review this suspension by February 2027.
The company stated that the transition period will begin in July 2024. Operations will be suspended in October 2024, with handover activities for the temporary suspension completed by December 2024.
The decision to temporarily suspend Western Australia Nickel is due to an oversupply in the global nickel market.
During the suspension, BHP will support its workforce and local communities, investing about $300 million annually post-transition to restart Western Australia Nickel potentially.
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