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BHP Billiton Chooses B&A as Favored Bidder for Iron Ore Stake in Guinea
Dec. 21, 2012 05:11AM PST
Base Metals Investing Reuters reported that BHP Billiton (NYSE:BHP), the world’s largest miner, has chosen newcomer B&A as its preferred bidder for its iron ore deposits in Mount Nimba.
Reuters reported that BHP Billiton (NYSE:BHP), the world’s largest miner, has chosen newcomer B&A as its preferred bidder for its iron ore deposits in Mount Nimba.
As quoted in the market news:
“BHP will enter exclusive negotiations with B&A to sell its slice in Mount Nimba and its smaller iron ore assets in Liberia,” the source said.
B&A, a relative newcomer with bold ambitions in the sector, beat rivals including ArcelorMittal (ISPA.AS), the world’s largest steelmaker, which is strapped for cash but owns a large project of its own just over the border.”