BHP announces spin-off, lifts profit

By Amber Plum

BHP, which flagged the spin-off on Friday, will use the new company to house its non-core aluminium and manganese businesses and the Cerro Matoso Nickel, Energy Coal South Africa, Illawarra Metallurgical Coal and Cannington Silver-Lead-Zinc mines.

BHP Billiton Ltd has posted a strong lift in annual profit, at it announced the spin-off of its nickel and manganese assets to focus on iron ore, petroleum, copper and coal.

Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report.

Along with Robert Gottliebsen and Stephen Bartholomeusz, Alan also founded Business Spectator, the popular business news and commentary website.

Read more here: Business Spectator

    

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