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 »