Home » Business » BHP to quit Guinea with Mount Nimba sale: report

BHP to quit Guinea with Mount Nimba sale: report


LONDON |
Sun Jul 15, 2012 10:00am EDT

LONDON (Reuters) – BHP Billiton (BHP.AX), the world’s largest mining company, has decided to pull out of Guinea, putting its Mount Nimba iron ore project up for sale, the Sunday Times reported.

Reflecting a trend among major mining companies, BHP has said it would consider selling off more non-core operations to focus on simple, large-scale ones in light of flattening demand for some commodities.

The newspaper reported that investment bank Nomura had been hired to find a buyer. No value on a potential deal was given.

BHP could not immediately be reached for comment.

(Reporting by Neil Maidment and Clara Ferreira-Marques; Editing by Susan Fenton)

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