BHP Billiton split to return miner to company of old

By Ian Verrender

Along with the southern African assets it inherited through the 2001 merger with Billiton, the new spun-out company will include BHP‘s Australian nickel assets including the Mt Keith, Cliffs and Leinster mines and associated infrastructure with the Kalgoorlie smelter, Kambalda concentrator and the Kwinana refinery.

For most of this year, under the guidance of recently appointed chief executive Andrew Mackenzie, BHP has been engaged in what it has dubbed a “simplification” process; a euphemism for working out a plan to hive off the company’s unwanted assets either through a sale or a split.

Read more here: ABC


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