Six Parties Interested in BHP Billiton’s Nickel West

Reuters reported that according to The Australian Financial Review, six potential bidders are looking at Nickel West, BHP Billiton Ltd.’s (ASX:BHP,LSE:BLT,NYSE:BHP) Australian nickel unit.

Interested parties include Trafigura Beheer BV and MMG Ltd. (HKEX:1208).

As quoted in the market news:

X2 Resources, a private company run by former Xstrata chief executive Mick Davis, Canadian nickel miner Sherritt International Corp, Glencore Plc and Chinese nickel refining company Jinchuan Group are also doing due diligence on Nickel West, which could be worth as much as A$800 million ($749 million), the newspaper said.

BHP spokeswoman Emily Perry declined to comment on the report. Glencore spokesman Francis de Rosa and Trafigura representative Joscelin Kwek also declined to comment.

Spokespeople for X2 Resources, Sherritt International, MMG and Jinchuan could not be reached for comment.

Click here to read the full Mineweb 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. Learn more about this world class deposit.

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