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BHP says demerger plans will drive growth

It says that spinning off non-core assets will generate stronger growth

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Published Thu, Nov 20, 2014 · 09:50 PM

    Sydney

    THE world's biggest miner BHP Billiton on Thursday defended its plan to split the company by spinning off non-core assets, saying that it would generate stronger growth, with a vote on the demerger set for May.

    BHP announced in August a proposal to create a new independent company by demerging some assets, including aluminium, manganese, silver and selected coal and nickel operations.

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