BHP Billiton could explore asset divestments beyond US shale in the coming years
BHP Billiton [ASX: BHP, LON:BLT] could be exploring asset divestments beyond US shale in the coming years, The Australianreported. According to the report, which did not cite sources, BHP’s chairman Ken MacKenzie and chief executive Andrew Mackenzie recently told shareholders that the group would take a close look at its portfolio of assets.
The item noted that likely divestment candidates include BHP’s stake in the Western Australia-based North West Shelf LNG venture, thermal coal assets in Colombia and Australia’s Hunter Valley, BHP’s potash project in Canada, and its Western Australia nickel operations.
The paper noted that BHP owns the Mt Arthur asset in NSW’s Hunter Valley and a stake in the Cerrejon mine in Colombia.
BHP said in August that it would sell its US shale assets.