[miningmx.com] – BHP Billiton CEO,Andrew Mackenzie , is expected to use the group’s interim results announcement after the US market closes on February 23 to defend plans to spin-off assets, said the Wall Street Journal.
The spin-off, which has been called South32, will leave BHP Billiton with fewer commodities, lower cash flow and likely higher debt, said WSJ citing a report by JP Morgan analyst Lyndon Fagan.
The newspaper said shareholders in the Australian company were questioning the planned demerger and were also asking whether it was better to be more diverisified in the current down cycle in commodities.
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