BHP’s second-best pass the test

BHP Billiton's omission of the Nickel West assets from its spun-off group underscores the fact that this new venture is not a receptacle for the mining giant's trash.

With BHP Billiton unveiling its proposed spin-out of its perceived non-core assets to shareholders, the telling detail is what wouldn’t be in the new company if the demerger proceeds.

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