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No disinvestment from S.Africa for BHP Billiton Posted: Thu, 23 Aug 2007 [miningmx.com] -- VINCENT Maphai, BHP Billiton South Africa chairman, has kept a low profile since taking up the position in January 2004. However, speaking from his Johannesburg office he wants to finally dismiss speculation that the group is quitting South Africa. The prospect of BHP Billiton’s disinvestment from South Africa has largely sprung from the sale of formerly important coalmines, such as Koornfontein and Optimum. The group also relocated its energy coal office to Melbourne from Johannesburg. The South Africa coal mines have been “more challenging” than others in the company, which accounts for some of the disinvestment, says Maphai. “Coal is under constant review because we have greater challenges here than anywhere else,” he says. However, BHP Billiton has a number of projects under consideration, he says, including the expansion of the Douglas mine. Discussions with joint venture partners are under way and “there’s dialogue with the Minerals & Energy Department”. Click Here to subscribe to our daily newsletter
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