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.
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