BHP Billiton Abandons Nickel West Sale

BHP Billiton Ltd. (ASX:BHP,NYSE:BHP,LSE:BLT) announced that it has abandoned plans to sell its Western Australian Nickel West business as it was not “achieved on an acceptable basis.”

As quoted in the press release:

At this time, Nickel West will remain in the BHP Billiton portfolio as a non-core asset and the Company will continue to operate the business to realise its full value.

Paul Harvey, president of the Nickel West asset, commented:

The focus of Nickel West will remain on delivering safe and efficient production whilst pursuing every opportunity to maximise productivity, to reduce operating costs and increase free cash flow.

Click here to read the full BHP Billiton Ltd. (ASX:BHP,NYSE:BHP,LSE:BLT) press release.