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BHP’s manganese assets in S. Africa not for sale: exec

Keywords: Tags  BHP, manganese, South Africa, Xolani Mkhwanazi, Janie Davies


CAPE TOWN, South Africa — BHP Billiton Plc’s South African manganese assets are not up for sale, Xolani Mkhwanazi, chairman of the company’s South African unit, told AMM sister publication Metal Bulletin.

The company’s 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 Feb. 6.

Asked by Metal Bulletin whether the South African manganese assets would remain within BHP, he branded speculation of a sale as "complete rubbish."

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. 


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