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19 Aug
01:00

BHP Billiton confirms iron ore remains core in demerger

BHP Billiton has confirmed its plans to create ‘NewCo’ an independent global metals and mining company via a demerger, listed on the Australian and Johannesburg stock exchanges. “With a simpler portfolio, [BHP Billiton is] targeting at least another US$3.5 billion of productivity-related gains by the end of the financial year to end-June 2017”, the company says. The split will go back on much of the merger that created the Anglo-Austr…
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