Tag Archives: BHP Billiton

AngloGold Ashanti Reviving South African Spinoff Plans

If at first you don’t succeed, pay off some debt and try again (a few years later). Sure, it doesn’t sound right, but it does seem to accurately describe the situation at AngloGold Ashanti (AU), the #3 gold producer in the world, which according to Reuters, is once again looking to spinoff its South African mining assets into… Read More »

Spinoff Odds & Ends: M&A For South32 , IRS To Issue Some Private Letter Rulings

It’s Thursday before Memorial Day Weekend which means it’s a perfect time for some Spinoff Odds & Ends: Thanks to Paul Singer’s Elliott Advisors there is a lot of drama swirling around BHP Billiton (BHP) (we will get to that shortly hopefully), but Bloomberg’s Gadfly checks in South32 (SOUHY), the mining giant’s 2015 spinoff. That mishmash of unloved… Read More »

Rio Tinto CEO Jacques: No South32 Style Spinoff Coming

Mining giant Rio Tinto (RIO) announced a major structural reorganization several few weeks ago. As part of the restructuring, a group of ‘non core’ assets were lumped together inside of the newly formed Energy and Minerals group leading to speculation from analysts and reporters (and us) of a spinoff. After all, fellow mining peer BHP Billiton (BHP) did… Read More »

Rio Tinto Reorganizes- Is It Preparing For A Spinoff?

Rio Tinto (RIO) and its new CEO Jean-Sebastian Jacques are shaking things up. The mining behemoth unveiled a brand new organizational structure along with a set of new executives to drive the company forward during a difficult period. The company will now have four product groups and coincidentally a whole bunch of ‘non core’ assets ended up grouped together… Read More »

BHP Completes Spin Of Non-Core Ore Into South32

By far, the world’s largest mining company, BHP Billiton(BHP) got a bit smaller this week with the spinoff(or demerger, if you prefer) of South32.  South32 is a collection of non-core bauxite, alumina, aluminium, thermal and metallurgical coal, manganese, nickel, silver, lead and zinc assets accounting for under 5% of BHP’s 2014 profit. BHP shareholders received 1 share of… Read More »

Anglo American CEO Mark Cutifani Says No To Spin Off

The Financial Times reports that Anglo American(AAUKY) has significant assets it would like to divest, CEO Mark Cutifani feels the company can do better by selling off assets piecemeal than by following in the path of BHP Billiton(BHP) and spinning them off to shareholders. But Mr Cutifani said the “portfolio work” at Anglo would entail a number of… Read More »