South32 could be interesting

BHP Billiton (ASX:BHP) released more details of its proposed spin off, dubbed South32, and from early indications it looks like an interesting idea.Last year BHP made 96% of its profits from just four commodity groups and 19 mines. Hiving off its smaller, less profitable assets into a new business means that management can concentrate on its largest most profitable mines.The new BHP will produce iron ore, petroleum, copper and metallurgical coal. Its remaining mines will be colossal assets where BHP has control of huge resource rich basins, like Pilbara in WA or the Bowen Basin in QLD. Each asset boasts...

BHP Billiton (ASX:BHP) released more details of its proposed spin off, dubbed South32, and from early indications it looks like an interesting idea.

Last year BHP made 96% of its profits from just four commodity groups and 19 mines. Hiving off its smaller, less profitable assets into a new business means that management can concentrate on its largest most profitable mines.

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