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BHP Billiton announces restructure

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Report summary

BHP Billiton announced on 19th August that it would create a new global entity to house certain business units. The spin off signals a change in tactics for the Group in which it will bundle together its least profitable assets and in the process become less diversified . The new entity will house the Group s Aluminium and Manganese units the Cannington silver lead mine the Illawarra and Energy Coal SA coal assets and the Cerro Matosa ferro nickel operation.

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