BHP Billiton weighs spin-off of unloved assets

Posted on April 2, 2014 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

MELBOURNE (Reuters) – BHP Billiton is weighing a range of options to simplify its portfolio of assets, including a possible spin-off of unwanted businesses such as aluminum and nickel into a separate company, the top global miner said on Tuesday.

“We continue to actively study the next phase of simplification, including structural options, but will only pursue options that maximize value for BHP Billiton shareholders,” the company said in a statement.