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BHP to Purchase Ore from Poseidon Nickel to Feed Refinery
Oct. 02, 2014 08:15AM PST
Base Metals Investing Reuters reported that BHP Billiton (NYSE:BHP) has signed a two year contract with Poseidon Nickel (ASX:POS) to feed its Nickel West operations.
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.
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