BHP Group has agreed to sell its closed Kambalda nickel concentrator in Western Australia, along with the associated land and mineral rights, to Gold Fields Ltd. The sale price was not disclosed, and Gold Fields said it will assess the facility's long term use.

The deal also includes mining leases and mineral rights. The Kambalda plant was shut in mid 2024, and BHP paused nickel operations across Western Australia amid a global nickel surplus and a slump in prices.

BHP said it is still evaluating its nickel business, with decisions on disposing of the remaining assets, including the nickel refinery, smelter and two large mines, expected in February 2027. The group booked a $2.5 billion impairment on its nickel assets in 2024 as nickel prices fell following a surge in Indonesian output.

Gold Fields has been seeking gold infrastructure and mining assets in the Kambalda region. It is also considering a second takeover offer for Northern Star Resources, which holds several large gold projects near Kambalda.