BHP Billiton Chooses B&A as Favored Bidder for Iron Ore Stake in Guinea

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.”

Click here to read the full Reuters report.

Get the Latest Iron Investing Stock Information

Get the latest information about companies associated with Iron Investing delivered directly to your inbox.

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

“Do You Want To Know which Base Metal to Invest in 2017?”

Find out everything an investor needs to know about base metals with our all-in-one FREE market report on base metals investments.   Get My Free Report

Leave a Reply