BHP Left With $2.8 Billion of Reject Assets After Spinoff
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Despite BHP Billiton Ltd.’s spin off and sale of about $15 billion of unwanted assets over the last three years, the biggest miner remains saddled with a portfolio of even harder-to-shift rejects.
A total of nine assets -- from a U.S. thermal coal mine to U.K. oil and gas platforms -- haven’t made the cut for a new slimmed-down parent or the demerger company South32 Ltd.