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RPT-BHP Billiton Eyeing Nickel Asset Sales - Report

Update:2009-06-26 01:59:14 Source:    Author:

SYDNEY, June 26 -- Global miner BHP Billiton (BHP.AX: Quote)(BLT.L: Quote) is looking to sell its Yabulu and Ravensthorpe nickel operations in Australia as a package, the Australian Financial Review reported on Friday.

The paper said BHP would complete a review of Yabulu next week, with Xstrata plc (XTA.L: Quote) and Gladstone Pacific Nickel seen front-runners to buy the operation.

A review of Ravensthorpe, which was closed down earlier this year amid a sharp decline in nickel prices, would run until the end of the year, but a sale could come earlier, the paper said, citing a source close to BHP.

(Source: Reuters)

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