#BHP Billiton#Infographic#Andrew Mackenzie#Cannington lead#BHP Billiton#Infographic

[INFOGRAPHIC] BHP Billiton: Core Assets V.S. Non-Core Assets

Last week BHP Billiton (ASX:BHP) announced it would spin off its non-core assets into a separate company. The news sent shockwaves across the mining ind...

Admin
|Aug 21|magazine4 min read

Last week BHP Billiton (ASX:BHP) announced it would spin off its non-core assets into a separate company. The news sent shockwaves across the mining industry.

“BHP Billiton is becoming a simpler, more productive company and the demerger we have announced today is an important step forward,” said BHP CEO Andrew Mackenzie.

“With a simpler portfolio we are targeting at least another $US3.5 billion in productivity-related gains by the end of the 2017 financial year.”

The infographic below reveals how BHP Billiton will split its business into core assets and non-core assets.

The demerger, which is expected to be completed in the first half of 2015, will include energy, coal and aluminum assets in South Africa, and bauxite, manganese and alumina in Australia. Apart from NSW coal, the demerger will also include the Cannington lead silver mine in Queensland.

According to BHP’s chairman Jac Nasser, the company is looking to revitalize itself into the company it was in 2001. “For over a century, BHP Billiton has progressively reshaped its business to maintain its industry leadership.”

He added, “We believe the proposed demerger, if implemented will accelerate the simplification of the group’s portfolio, provide investors will choice and unlock value in both companies.”