Norilsk Nickel says to sell last Australian asset to BHP BillitonChristian Fernsby ▼ | June 19, 2020
Nornickel announced that through its Australian subsidiary, MPI Nickel Pty Ltd, it has entered into a definitive agreement with BHP Billiton Nickel West Pty Ltd, a wholly owned subsidiary of BHP Group Limited, to sell its Honeymoon Well Nickel Project for an undisclosed amount.
BHP Billiton Nornickel
Topics: Norilsk BHP Billiton
BHP has an in-depth knowledge of the Project, which is expected to streamline the closing of the transaction.
“With the sale of Honeymoon Well Nickel Project we complete the strategic exit from Australian operations and reinforce our focus on the development of our Tier-1 asset portfolio in Russia. We are grateful to BHP as our JV partner in Australia and appreciate their commitment to prompt execution of the transaction”, Sergey Dubovitsky, Nornickel’s Senior Vice President for Strategy, Strategic Projects, Logistics and Procurement commented.
The transaction is subject to regulatory approvals and other customary closing conditions. ■