Antinuclear

BHP weighs divestment options  Mining Weekly By: Esmarie Swanepoel 1st April 2014 PERTH – Mining giant BHP Billiton on Tuesday said it was “reviewing” and “assessing” its divestment options, after media outlets in Australia reported that the company was considering a $20-billion demerger plan……..

As we have said previously, the simplification of our portfolio is a priority and is something we have pursued for several years,” BHP said in response to the market speculation, adding that in the last two years, the company had completed a number of divestments in Australia, the US, Canada, South Africa and the UK.

Divestments included petroleum, copper, coal, mineral sands, uranium and diamond assets……….

BHP told shareholders that the company would actively continue to study the next phase of simplification, including its structural options, but noted that it would only pursue those avenues that maximised value for the company’s shareholders.

BHP CEO Andrew Mackenzie has previously said that Australia would remain a focal point for the company, pointing out that the country accounted for about 70% of its profits……..http://www.miningweekly.com/article/bhp-weighs-divestment-options-2014-04-01