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Faraday Copper to buy BHP’s Arizona copper mine, creating a major U.S. copper district.
Faraday Copper has agreed in principle to acquire BHP’s San Manuel copper property in Arizona, aiming to create a large, integrated copper district.
Under the non-binding deal, Faraday would issue shares to BHP representing a 30% stake, with BHP gaining strategic investor status.
The transaction, expected by late 2026, includes the legacy mine site, deposits, infrastructure, quarries, and associated liabilities.
The combined assets could enable staged development, prioritize copper cathode production, and improve efficiency and environmental outcomes.
The move supports U.S. critical mineral supply and local economic growth in Pinal County.
Final terms depend on regulatory approvals and a definitive agreement.
Faraday Copper comprará la mina de cobre de BHP en Arizona, creando un importante distrito de cobre en los Estados Unidos.