BHP Billiton Likely to Sell Nickel Units

Bloomberg reported that the world’s largest mining company, BHP Billiton Ltd., said that the weak prices and the high Australian dollar are affecting their local nickel operations and many have speculated possible writedowns or even asset sales.

As quoted in the market news:

BHP is a likely seller of its Nickel West and aluminum businesses,” Lyndon Fagan, a Sydney-based resources analyst with JPMorgan Chase & Co., said in an e-mail after the Melbourne-based company made the comments today in its second- quarter production report.

Click here to read the full Bloomberg report.

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Equitas Resources (TSXV:EQT; FSE:T6UN) is one of the first junior resource companies in the last 20 years to hold such a large, consolidated land package in the Voisey's Bay district. With a first-class, experienced team of professionals skilled in raising capital and managing successful exploration projects Equitas Resources has a tight share structure on early stage of nickel focused exploration. Connect with Equitas Resources to learn more.

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