INTERCEPTS Thu 31/07/2014

BHP shuffles nickel, aluminium control

10th May 2012

MELBOURNE, May 10 – BHP Billiton is consolidating its under-performing Stainless Steel Materials and Aluminium businesses into a single Customer Sector Group headquartered in Perth, Australia.

The new Aluminium and Nickel CSG, headed by former Stainless Steel Materials president Glenn Kellow, will include all current nickel and aluminium assets in the portfolio: Nickel West and Worsley (both Australia), Cerro Matoso (Colombia), Mozal (Mozambique), Hillside and Bayside (South Africa) and non-operated joint ventures Alumar and Mineracao Rio do Norte (Brazil).

Alberto Calderon, chief executive of Aluminium, Nickel and Corporate Development, says combining the two smaller divisions will provide appropriate scale within the BHP Billiton portfolio as well as simplifying the functional structure of the business. In the faintest of praise for the struggling commodities, Calderon says BHP remains committed to aluminium and nickel as commodities “that may benefit from later phases of economic development in the emerging economies”.

 

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