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AAP

Business

Prashant Mehra

BHP set for $9.6b OZ Minerals acquisition

Oz Minerals BHP

BHP has made a $9.6 billion cash offer for OZ Minerals - a 13 per cent increase on its previous bid. (James Ross/AAP PHOTOS) (AAP)

Mining giant BHP has moved closer to snaring smaller rival OZ Minerals after lifting its takeover offer for the copper and nickel miner to $9.6 billion.

The world's biggest miner lifted its cash offer to $28.25 a share, a 7.4 per cent premium to OZ Minerals' last close.

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