BHP Group is preparing to sell its Chilean power transmission assets for approximately $1.5 billion. The sale includes roughly 1,000 kilometers of power lines servicing the Escondida and Spence copper mines.
JP Morgan is reportedly advising on the process, which remains in its initial stages. The deal could reach completion as early as this year.
The divestment aligns with BHP’s strategy to offload non-core infrastructure and prioritize primary copper mining. This move follows a previous sale of similar power assets in Australia. BHP intends to free up capital to meet rising copper demand driven by global electrification and the energy transition.