MELBOURNE (Reuters) -Global miner BHP Group is focused on cutting costs to drive growth while being patient on buying assets, its chief development officer Johan van Jaarsveld said on Thursday in Melbourne.
A view of a new nickel sulphate plant that global miner BHP Group is building to service the battery industry at its Nickel West operations, south of Perth, Australia August 2, 2019.
REUTERS/Melanie Burton/File photo“This is a cyclical industry, and you sometimes are going to have to wait for 10 years or may be more to get the right opportunity at the right price,” van Jaarsveld said.
“BHP’s Oz Minerals Brazil is not on the market,” van Jaarsveld said.
We are looking at what we have got,” adding “you don’t want to sell assets, potentially and then somebody else make a big discovery.”
Persons:
Johan van Jaarsveld, Melanie Burton, ” van Jaarsveld, Van Jaarsveld, ”, you’ve, you’re, “
Organizations:
MELBOURNE, Global, BHP, REUTERS, Teck Resources, Oz Minerals
Locations:
Melbourne, Perth, Australia, Tanzanian, Indonesia, Teck, Queensland, Brazil, Oz, Oz Minerals Brazil