CAPE TOWN, South Africa
BHP Billiton Plcs South African manganese assets are not
up for sale, Xolani Mkhwanazi, chairman of the companys
South African unit, told AMM sister publication
The companys M14 furnace
expansion at its Metalloys manganese project demonstrates its
commitment to remaining in South Africa, Mkhwanazi said in his
presentation to attendees at African Mining Indaba in Cape Town
Asked by Metal Bulletin
whether the South African manganese assets would remain within
BHP, he branded speculation of a sale as "complete
Late last year, BHP appointed
Citigroup Inc. to handle the sale of its Temco manganese alloys
plant in Tasmania, Australia (amm.com, Nov. 16). At
the time, market participants had suggested BHP might
eventually divest all manganese projects as part of its
strategy to offload noncore assets.
BHP had previously declined to comment on the future of its
South African manganese unit.
A version of this article was first published by AMM sister
publication Metal Bulletin.