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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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