Incoming BHP CEO to consider bolt-on acquisitions for growth

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May 12, 2026 9:34 PM EDT

President of BHP Americas, Brandon Craig, poses for a picture during an interview with Reuters, in Santiago, Chile November 21, 2024. REUTERS/Pablo Sanhueza

MELBOURNE, May 13 (Reuters) - ‌Incoming BHP ​CEO ​Brandon Craig will focus on securing growth options beyond 2035 by ramping up ‌exploration, partnering with peers and making bolt-on acquisitions ⁠where they bring value, he said in comments released ‌to the Australian stock ‌exchange on Wednesday.

• Craig will take the helm of the world's biggest listed miner on ​July 1. He spoke at a Bank of America conference in Miami on Tuesday.

• "One of ⁠my priorities will be ensuring we have options to grow well ​beyond 2035. That means increasing exploration, seeking opportunities to partner with peers to unlock ​value in adjacent operations and ‌by executing smaller 'bolt on' acquisitions when the value case supports them," he ⁠said.

• "And while we will remain extremely disciplined, our diversified model and strong balance sheet gives us the ability ⁠to move at pace if the right opportunity presents ​itself."

• Under CEO Mike Henry, BHP made several attempts to buy smaller peer Anglo American, most recently in late ‌November, as it sought to shore up its dominance in copper. Anglo rebuffed ‌a $49 billion offer from BHP in May 2024.

• ⁠BHP shares, up ‌31% this year, ​hit a record high of A$61.61 on Wednesday.

(Reporting by Melanie Burton; Editing by Sonali ‌Paul)


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