BHP Billiton assets could interest Glencore
Glencore, the Swiss natural resources giant, could be interested in acquiring some of the assets which BHP Billiton plans to spin off, reported The Australian.
According to the report, Glencore CEO Ivan Glasenberg was cited as saying that some of BHP's assets such as its Columbian nickel mine Cerro Matoso and South African coal, were good assets and were non-core for BHP. He added that certain BHP assets had a possibility of being a better fit with Glencore’s mine-to-market business model.
BHP announced this week that it would be spinning off some of its assets into a new, listed company, added the item.
The paper stated that Glencore is also interested in the Simandou iron ore project in Guinea. Glasenberg said that the asset would interest the company if Guinea is able to arrange the infrastructure..
Glencore reported a net profit of USD 1.7bn in 1H14, noted the item.
Source The Australian