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), a world’s largest mining company, has motionless to lift out of Guinea, putting a Mount Nimba iron ore plan adult for sale, a Sunday Times reported.

Reflecting a trend among vital mining companies, BHP has pronounced it would cruise offered off some-more non-core operations to concentration on simple, large-scale ones in light of flattening direct for some commodities.

The journal reported that investment bank Nomura had been hired to find a buyer. No value on a intensity understanding was given.

BHP could not immediately be reached for comment.

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

Source: Article Source


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