BHP mulls selling nickel assets

[miningmx.com] – BHP Billiton is considering selling all or part of its nickel mining, refining and smelting operations in Australia, said Bloomberg News citing a company announcement on May 14.

“The review is considering all options for the long-term future of Nickel West, including the potential sale of all or parts of the business, and follows the decision to cease operations’ at the Perseverance underground mine because of safety concerns in December, Bloomberg quoted BHP Billiton to have said via an e-mailed statement.

Glencore Xstrata has said it was assessing a bid for BHP’s Nickel West assets in Western Australia. The operations could be sold for about $800m, according to a report by RBC Capital Markets.

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