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CoreX Holding, an industrial conglomerate owned by Turkish-American entrepreneur Robert Yuksel Yildirim, has reached an agreement to acquire Melbourne-based BHP Group’s Carajas copper mines in Brazil for up to $465 million.
The deal marks the company’s entry into copper production as part of its broader strategy to expand its global metals portfolio, Bloomberg reported.
The binding agreement was signed on Aug. 15, with BHP announcing the sale alongside its full-year earnings on Tuesday.
Of the total value, as much as $225 million will depend on future production outcomes and project-related milestones, according to the company’s statement.
The Carajas mines produced 9,400 tons of copper in the 12 months through June 2025, a 15% rise compared with the previous year.
BHP stated the divestment followed a 2024 strategic review, which concluded that the assets would be better developed by an operator focused on their growth.
The company also reported that its underlying profit fell more than 25% to a five-year low due to weaker Chinese demand.
Robert Yuksel Yildirim has been pursuing international acquisitions to diversify his portfolio.
In July, CoreX expanded into nickel by acquiring a Colombian mine from Australian miner South32 in a $100 million deal.
In June, the company strengthened its domestic base by purchasing a majority stake in Turkish chemicals producer Polisan.
Founded in 2024 following a family dispute within Yildirim Group, CoreX operates in 10 industries across 5 continents and 55 countries, employing more than 20,000 people worldwide, with investments focused on metals mining, shipping, and port operations.
Yildirim is also known in Türkiye as the chairman of Samsunspor, a football club competing in the Turkish Super Lig.
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