BHP to sell Guinea Mount Nimba project, reports
July 16 , 2012
BHP Billiton, the world's largest mining company, has decided to sell its Mount Nimba iron ore project in Guinea, according to a report in the Sunday Times.
BHP has said it is mulling over selling more non-core operations to focus on simple, large-scale ones due to waning demand for some commodities.
The move reflects an ongoing trend amongst several major mining companies.
The British newspaper reported that investment bank Nomura had been hired to find a buyer. No value on a potential deal has yet been given.