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Share Name Share Symbol Market Type
BHP Billiton Ltd ASX:BHPCD Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 47.10 47.10 46.20 0.00 01:00:00

BHP, Wyloo Metals End Talks After Failing to Agree Noront Deal

12/12/2021 10:14pm

Dow Jones News


BHP Billiton (ASX:BHPCD)
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   By David Winning 
 

SYDNEY--BHP Group Ltd. said it has been unable to reach agreement with Wyloo Metals Pty. Ltd. over the purchase of the latter's stake in Canada's Noront Resources Ltd.

BHP said talks with Wyloo have now ended and Noront shareholders have until Jan. 14 to accept its offer of 75 Canadian cents (US$0.59) per share and tender their stock.

BHP and Wyloo have been in a bidding war for Noront, which is focused on developing deposits in northern Ontario that contain metals such as copper and nickel, expected to be in high demand as the world decarbonizes.

 

Write to David Winning at david.winning@wsj.com

 

(END) Dow Jones Newswires

December 12, 2021 16:59 ET (21:59 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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