BEST OF 2015 BHP Billiton Splits into Core and Non-Core Operations Breaking up is hard to do, unless it’s a profitable one. Australiabased mining company BHP Billiton is going back to its roots by announcing a split between core and non-core operations, transferring aluminum, manganese and nickel assets into a new company.
According to a new report authored by Sonali Paul, the demerger of assets into a separate business could be worth at least $12 billion. Simplifying the company would “generate stronger growth in cash flow and a superior return on investment,” a spokesperson for BHP said on Friday. The split will allow the company to focus on its four pillars, “with potash as a potential fifth,” allowing BHP to “quickly improve the productivity and performance of our largest businesses,” the company said.
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December 2015