BHP Billiton in talks to sell Australian nickel business
MELBOURNE, May 14 (Reuters) – BHP Billiton is in talks to sell its Australian nickel business, the top global miner said on Wednesday, in line with its aim of simplifying the company.
The push towards a sale comes as nickel prices have surged 50 percent this year on the back of a ban on nickel ore exports from Indonesia, which has seen the value of some nickel miners nearly double.
BHP said it was examining all options for Western Australia-based Nickel West, including the sale of all or parts of the business, which includes the Mt Keith, Cliffs and Leinster mines, the Kalgoorlie smelter, Kambalda concentrator and the Kwinana refinery.
Read more at: http://www.reuters.com/article/2014/05/14/mining-bhpbilliton-nickel-idUSL3N0O01OB20140514
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