BHP to Purchase Ore from Poseidon Nickel to Feed Refinery

Reuters reported that BHP Billiton (NYSE:BHP) has signed a two year contract with Poseidon Nickel (ASX:POS) to feed its Nickel West operations.

As quoted in the publication:

The step indicates that BHP plans to keep running the loss-making division as it looks to sell it.

BHP surprised markets in August when it left Nickel West out of a $15 billion spinoff of unwanted assets, saying it was better suited for an independent sale and leaving analysts to ponder its fate in the absence of a buyer surfacing quickly.

Click here to read the full Reuters article.