90 jobs cut from BHP’s Nickel West operation

BHP Billiton is cutting 90 workers from its Nickel West project after failing to find a buyer for the business.

The move comes as the company stopped work at its Venus project near Leinster in the Goldfields region of Western Australia.

"Across the BHP Billiton portfolio there remains intense internal competition for capital, as a result a decision has been made to discontinue development of the Venus project," a BHP Billiton spokeswoman said.

"Nickel West will remain in the BHP Billiton portfolio as a non-core asset and the company will continue to operate the business to realise its full value."

The Nickel West operations include Mt Keith, Cliffs and Leinster mines and their associated concentrators, the Kalgoorlie smelter, the Kambalda concentrator and the Kwinana refinery.

Perseverance mine was put into care and maintenance in December 2013 following safety concerns.

Yesterday BHP announced that the sale of Nickel West had been put on hold after it was unable to find a buyer on its terms.

The miner has had the assets on the table since May this year with suitors such as Glencore , X2 Resources, Sherrit International, and the Jinchuan Group reportedly interested.

However after being unable to achiever a sale on an “acceptable basis” the miner has walked away from the sales process. 

To keep up to date with Australian Mining, subscribe to our free email newsletters delivered straight to your inbox. Click here.