By Paul-Alain Hunt.
BHP Group will sell its Kambalda nickel concentrator plant and associated land in Western Australia to Gold Fields for an undisclosed price.
Gold Fields will “evaluate options for the long-term use of the concentrator,” BHP said in a statement Wednesday. The sale includes mining tenements and mineral rights.
The Kambalda processing mill was shut in mid-2024 as BHP suspended operations across its entire Nickel West business as prices of the metal plunged on global oversupply.
BHP said it was continuing to review the overall business and a decision on future of the other assets, which includes a nickel refinery, smelter and two major mines, is expected to be made by February.
The world’s biggest miner took a $2.5 billion impairment on its nickel assets in 2024, after a surge in supply of the battery metal from Indonesia dragged prices down.
Gold Fields has been looking to acquire gold mining infrastructure and mines across the region. It is currently considering a second takeover bid for Northern Star Resources, which owns several significant gold projects near Kambalda.
© 2026 Bloomberg.