BHP CEO Says They Will Keep Nickel

SMH reported BHP Billiton’s (NYSE:BHP,LSE:BHP) CEO has said it will not invest more capital into its nickel operations.

As quoted in the market news:

Marius Kloppers, said that the focus now for the two ailing divisions was to run them as “lean and mean as possible”.

Speaking in Melbourne yesterday, Mr Kloppers said aluminium and nickel were businesses which “are not going to see a lot of new investment”.

Click here to read the full SMH report.