Australia’s largest miner BHP Billiton Limited
(ASX:BHP) has ditched plans to sell its Western Australian Nickel West business.
The global diversified miner has been undertaking a review of the business since May but says the preferred option to sell it could not be achieved on an acceptable basis.
BHP plans to keep Nickel West in its portfolio as a non-core asset and continue to operate the business to realise its full value.
The company has affirmed it will only pursue options that maximise value for shareholders.
BHP Billiton reported a net profit of $16.16 billion in the full 2014 financial year.
