| The failure to find a buyer for its Australian nickel business has left BHP Billiton Ltd. with unwanted smelters and pits after the collapse of a price boom. The metal reached a two-year high on May 13, a day before the world’s biggest miner outlined a plan to sell all or part of the unit. Since then, the price has declined 27 percent.
Nickel West, which includes mines, concentrators, the Kalgoorlie smelter and Kwinana refinery, didn’t attract a suitable bid, the company said today in a statement. While Glencore Plc Chief Executive Officer Ivan Glasenberg said earlier his company planned to examine Nickel West and would be “kicking its tires,” no acceptable offers were made, BHP said...............................................Full Article: Source
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