BHP to retain Nickel West as noncore asset
PERTH (miningweekly.com) – Mining giant BHP Billiton has shelved the sale of its Western Australian Nickel West division, after failing to secure an acceptable offer for the unit.
The Nickel West business comprises the Mt Keith, Cliffs and Leinster mines, as well as the Kalgoorlie smelter, Kambalda concentrator and the Kwinana refinery.
In May this year, BHP launched a review of the Nickel West business, aimed at considering options for the long-term future of the business, including the potential sale of all, or parts of, the business.
The review followed the decision to cease operations at the sub-level cave at the Perseverance underground mine in December last year, owing to safety concerns.
However, asset president Paul Harvey said on Wednesday that the review of the division had been completed without a divestment of the Nickel West division being achieved.
Instead, the business unit would remain in the BHP portfolio as a noncore asset, and the company would continue its operations.
“The focus of Nickel West will remain on delivering safe and efficient production while pursuing every opportunity to maximise productivity, to reduce operating costs and increase free cash flow,” Harvey said.
Earlier this year, BHP Billiton announced the demerger of the aluminium, nickel, manganese and silver assets. Its focus will remain on its iron-ore, coal, petroleum, copper and potash assets.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.
VISIT SHOWROOM
Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
