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Mining news: NICKELCommodities: Is it time to buy copper and nickel againOnce they were the hot funds. Now Patrick Collinson asks if they’re leading a new bull run The price of oil went below $40 a barrel, but is now around $70. Copper collapsed from $9,000 a tonne to below $3,000; now it is above $5,000. Nickel, zinc and tin BHP Billiton says sells Australian nickel refineryBHP Billiton, the world’s biggest miner, said it had agreed to sell an Australian nickel refinery to Australian businessman Clive Palmer for an undisclosed sum. However the Anglo-Australian group added that it had written down the value of the refinery BHP Billiton to sell Yabulu nickel refinery to Clive PalmerBHP Billiton Limited, an Australia-based natural resources company, has signed an agreement to sell its Yabulu nickel refinery in Australia to a company wholly-owned by Clive Palmer. BHP Billiton would write-down the carrying value of Yabulu by an BHP Sells Yabulu Nickel Plant to Billionaire PalmerBHP Billiton Ltd., the world’s largest mining company, sold the Yabulu nickel refinery in Australia after writing down its value by $675 million, in a retreat from production of the metal. Clive Palmer, Australia’s fifth-richest man, bought the refinery Palmer sees the shiny side of BHP’s unwanted nickel assetsYabulu nickel refinery … BHP will write off hundreds of millions of dollars on the operation. New owner Clive Palmer wants to increase output, currently 35,000 tonnes a year. Mathew Murphy BHP Billiton appears closer to offloading its mothballed BHP’s unwanted nickel assetsYabulu nickel refinery … BHP will write off hundreds of millions of dollars on the operation. New owner Clive Palmer wants to increase output, currently 35,000 tonnes a year. Mathew Murphy BHP Billiton appears closer to offloading its mothballed BHP offloads Yabulu nickel refineryBHP Billiton appears closer to selling its mothballed Ravensthorpe nickel mine in Western Australia after iron ore billionaire Clive Palmer bought its Yabulu nickel refinery in Queensland and declared an interest in the troubled project. The sale of BHP Billiton - sale of Yabulu nickel refineryJul 2009 BHP Billiton announced it has signed an agreement to sell the Yabulu nickel refinery to companies wholly owned by Professor Clive Palmer. It is expected that the sale will be finalised by 31 July 2009. The terms of the sale are confidential, BHP closer to selling RavensthorpeGlobal miner BHP Billiton Ltd may be closer to offloading its Ravensthorpe nickel mine with billionaire Clive Palmer declaring an interest in the project, following his purchase of BHP’s Yabulu nickel refinery, according to media reports. Mr Palmer told BHP Billiton to sell Yabulu nickel refinery to Clive Palmer(Datamonitor Financial Deals Tracker via COMTEX) — BHP | Quote | Chart | News | PowerRating — BHP Billiton Limited, an Australia-based natural resources company, has signed an agreement to sell its Yabulu nickel refinery in Australia to a company BHP Billiton offloads Yabulu refinery to Clive Palmer for undisclosed sumIron ore giant BHP Billiton Ltd has sold its Yabulu nickel refinery to companies wholly-owned by mining magnate Clive Palmer for an undisclosed sum, with the sale to be finalised by July 31. While the terms of the deal are confidential, BHP will write BHP’s unwanted nickel assetsYabulu nickel refinery … BHP will write off hundreds of millions of dollars on the operation. New owner Clive Palmer wants to increase output, currently 35,000 tonnes a year. Mathew Murphy BHP Billiton appears closer to offloading its mothballed BHP unloads nickelBHP Billiton has sold its Yabulu refinery in Queensland to Australia’s fifth richest man Clive Palmer. The sale came after BHP took a $US675 million ($A853.6 million) writedown on the plant. The sale marks a continuation of BHP’s retreat from nickel - BHP sells nickel refineryBILLIONAIRE Clive Palmer is broadening his reach in the resources sector after buying BHP Billiton’s Yabulu nickel refinery and setting his sights on its mothballed $US2.2 billion ($2.8bn) Ravensthorpe mining operation. The businessman would not disclose BHP to take $675m hit$675m for BHP Billiton. ‘It’s a good buy and the replacement value would be over A$2bn ($1.6bn),’ Palmer told Reuters, adding there was ‘plenty of opportunity to expand when metals markets improve.’ Palmer also said unlike some other nickel-making Yabulu refinery: BHP unloads nickelBHP Billiton has sold its Yabulu refinery in Queensland to Australia’s fifth richest man Clive Palmer. The sale came after BHP took a $US675 million ($A853.6 million) writedown on the plant. The sale marks a continuation of BHP’s retreat from nickel - BHP sells mine, Ravensthorpe may be nextBHP Billiton will book heavy writedowns on the sale of its Yabulu nickel refinery in Queensland to iron ore billionaire Clive Palmer, who is eying the mining giant?s other nickel assets including the mothballed Ravensthorpe mine. The refinery near BHP offloads Yabulu nickel refinery - takes R5,3bn write-downBHP Billiton has sold its big Yabulu nickel refinery in Queensland to local mining entrepreneur Clive Palmer for an undisclosed price. Reuters BHP Billiton (BHP.AX) (BLT.L), the world’s biggest miner, retreated further from high-cost nickel operations on BHP to sell Yabulu nickel factoryBHP Billiton Ltd will sell its Yabulu nickel refinery in Queensland for an undisclosed sum and will book $US675 million ($A853.5m) in writedowns on the sale. BHP Billiton will writedown the carrying value of Yabulu by an estimated $US500 million BHP Billiton sells Queensland nickel refinerBHP Billiton, the world’s biggest miner, today agreed to sell its loss-making Yabulu nickel refinery in Queensland to companies controlled by Australia’s fifth-richest man, Professor Clive Palmer. Professor Palmer, a property investor whose wealth has |
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