Glencore quiet on BHP talk

By Staff Reporter

Glencore has refused to weigh into speculation it is the only bidder for BHP Billiton’s Nickel West assets in Western Australia, revealing only that it is engaged in the ongoing auction. “There’s a process taking place at Nickel West,” Glencore boss Ivan Glasenberg said, according to Bloomberg.

In discussions with reporters overnight, Australian time, Mr Glasenberg was also met with questions on his firm’s interest in the suite of assets BHP has earmarked for a $15 billion demerger, but hinted his firm’s interest would be muted until the demerger is complete. “They haven’t even listed yet,” Mr Glasenberg said, according to Bloomberg. “Let them list, let’s see what price it trades at.

Read more here: Business Spectator


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