BHP puts faith in nickel again

Original article by Nick Evans
The Australian – Page: 21 : 15-May-19

BHP intends to retain its Nickel West business, which posted underlying EBIT of $US42m for the first half of 2018-19. BHP had previously deemed its nickel division to be a non-core asset and made several attempts to sell the business in recent years. However, CEO Andrew Mackenzie says that although there are still risks associated with Nickel West, it could potentially regain its status as a tier-one asset. The upbeat outlook is based on factors such as growing demand for batteries and limited supply of quality nickel sulphide.

CORPORATES
BHP GROUP LIMITED – ASX BHP, NICKEL WEST

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