Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Good overall third-quarter production performance by BHP Billiton hid the weaker performance of most of the assets that make up South32, Investec Securities mining analyst Hunter Hillcoat commented on Tuesday, ahead of the May 6 shareholder vote on the setting free of the new company as a demerged entity. BHP Billiton intends simplifying its portfolio by demerging the South32 metals and mining company, which the Investec analysts averred would almost certainly have seen a negative market reaction had it already been spun out.
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