BHP Billiton won’t sell further spin-off assets
Deal with Hulamin ‘an exception’, says BHP’s chief financial officer
BHP Billiton chief executive Andrew Mackenzie. Photograph: Ian Waldie/Bloomberg
“We’re not talking to other people about adding or subtracting to the portfolio, we’re very focused on getting the demerger done,” said BHP chief financial officer Graham Kerr.
Hulamin Ltd, South Africa’s biggest maker of aluminium products, said it and a group of companies will buy the casthouse at BHP’s Bayside smelter in the port of Richards Bay for an undisclosed figure.
The transaction was “an exception,” Mr Kerr said in Johannesburg. BHP, the world’s largest mining company, said in August it plans to spin off 12 assets across countries from Australia to South Africa. The new company may be worth about $15 billion (€12 billion) when listed. – (Bloomberg)