DataRoom AM: BHP sheds shale

BHP Billiton plans to auction off its US shale operations, while India's Adani Group looks to sell part of the Abbot Point project.

BHP Billiton has detailed plans to exit the worst performed division of its US shale operations, in a move broadly reminiscent of Rio Tinto’s divestment of its Riversdale Mining assets this year. However, BHP will at least be able to recoup significantly more than the $US50 million Rio reaped through its bargain-basement sale.

Elsewhere, Adani chases a partial sale at Abbot Point, Telstra seeks a deal with US-based Roku and there’s mixed news on the IPO front.

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