Friday July 3, 4:34 PM
BHP Billiton says sells Australian nickel refinery
BHP Billiton, the world's biggest miner, said it had agreed to sell an Australian nickel refinery to Australian businessman Clive Palmer for an undisclosed sum.
However the Anglo-Australian group added that it had written down the value of the refinery in Queensland by 675 million dollars (482 million euros).
"Communications with our workforce, suppliers, customers and the community will begin immediately and will continue over the coming weeks to facilitate a smooth transition to the new owner," Jimmy Wilson, president of BHP Billiton Stainless Steel Materials, said in a statement.
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