BHP Billiton sells Australian nickel refinery
LONDON (AFP) — BHP Billiton, the world's biggest miner, on Friday said it had agreed to sell an Australian nickel refinery to Australian businessman Clive Palmer for an undisclosed sum.
However, the London-based natural resources group added that it had written down the value of the refinery in Queensland by 675 million dollars (412 million pounds).
"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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