BHP to combine struggling aluminium and nickel assets

BHP Billiton has shifted its struggling aluminium and nickel assets into a single division based in Perth, which it says represents long-term faith in the industries.

In a statement the company said the new group would contain all of its current nickel and aluminum assets.

The portfolio will include Nickel West and the Worsley Alumina Refinery in Australia, as well as assets in Colombia, Mozambique, South Africa, and other international locations.

In a statement BHP's aluminium, nickel, and corporate development CEO Alberto Calderon said while the assets were currently struggling the company saw future opportunities for them.

"Despite the current challenges, BHP Billiton is committed to aluminium and nickel as commodities that may benefit from later phases of economic development in the emerging economies," he said.

Calderon said individually the aluminium and nickel assets were small compared to BHP's overall business and combining them into a single unit would simplify the company structure and provide the "appropriate scale".

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