02
Nov
13:19
BHPB offloads Liberian assets
BHP Billiton has sold its Liberian iron ore assets to Cavalla Resources, a subsidiary of Jonah Capital. The new owner hopes it can turn the assets into a 5 million tonne/year mining operation by 2018.
The sale allows BHPB to offload an asset that still requires significant investment before it can be brought to market, and which would never reach the low costs of its core Australian iron ore assets, Kallanish notes.
The 1.9 billion tonnes of reserve…
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