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.