DataRoom AM: Iron ore intrigue

Cliffs Natural Resources may be testing the waters on a sale of its Australian mines, while BHP Billiton makes progress on offloading its Nickel West division.

The prices of key commodities may be sinking but there’s still plenty of action in the WA mining sector, with Cliffs Natural Resources taking the first step in a possible $1 billion auction of its Australian iron ore assets and Glencore claiming the front seat in the race for BHP Billiton’s Nickel West assets.

Elsewhere, progress is seen with Leighton Holdings’ divestment spree, Snowy Hydro secures favouritism in the Lumo Energy auction and Noni B accepts a long-awaited takeover bid.

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