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Bhp Billiton Share News (BLT)
Share News for Bhp Billiton (BLT)
| Share Price: 1,923.00 | Bid: 1,921.00 | Ask: 1,921.50 | Change: -19.50 (-1.00%) |  | ||||||
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UPDATE 1-Guinea says BHP to quit Mount Nimba iron project
Mon, 16th Jul 2012 14:06
CONAKRY, July 16 (Reuters) - BHP Billiton, the world's largest mining company, has informed Gu
'We've known about the decision to pull out for some time,' Saadou Nimaga, legal counsel for the mines ministry, told Reuters.
No immediate comment was available from BHP. Reflecting a trend among major miners, BHP has said it would consider selling off non-core operations to focus on simple, large-scale ones in light of flattening demand for some commodities.
The Sunday Times reported that investment bank Nomura had been hired to find a buyer. No value on a potential deal was given.
(Reporting by Saliou Samb; Writing by Mark John; Editing by David Holmes) Keywords: GUINEA BHP/
(dakar.newsroom@reuters.com)(+221 33 864 8076)
COPYRIGHT
Copyright Thomson Reuters 2012. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
CONAKRY, July 16 (Reuters) - BHP Billiton, the world's largest mining company, has informed Gu
inea of its plans to pull out of its Mount Nimba iron ore project there, a mines ministry official said on Monday, confirming a weekend report by Britain's Sunday Times.
'We've known about the decision to pull out for some time,' Saadou Nimaga, legal counsel for the mines ministry, told Reuters.
No immediate comment was available from BHP. Reflecting a trend among major miners, BHP has said it would consider selling off non-core operations to focus on simple, large-scale ones in light of flattening demand for some commodities.
The Sunday Times reported that investment bank Nomura had been hired to find a buyer. No value on a potential deal was given.
(Reporting by Saliou Samb; Writing by Mark John; Editing by David Holmes) Keywords: GUINEA BHP/
(dakar.newsroom@reuters.com)(+221 33 864 8076)
COPYRIGHT
Copyright Thomson Reuters 2012. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Death toll from Guinea opposition march rises to four
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Uralkali to delay potash expansion if BHP mine proceeds
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