TIMELINE: The birth of South32 from BHP's unwanted assets

Metal Bulletin looks back at the run-up to the spin-off of South32, as BHP Billiton sought a future for its non-core assets; a frequent source of speculation in the metals market since at least 2010.

As the aluminium, nickel, manganese and coal producer South32 prepares to publish its 2015 financial results on Monday August 24, Metal Bulletin recalls some of the key events, announcements and commentary from industry participants as BHP's plans unfolded.
Thursday January 7 2010
Stocks of bagged briquettes in London Metal Exchange-listed warehouses in Singapore reach unusually-high levels, leading to speculation that BHP Billiton is looking to secure quick sales in preparation for a departure from the nickel market.
Monday May 21 2012
BHP Billiton ceo Marius Kloppers acknowledges the underperformance of its aluminium assets during the commodity boom, hinting that the company may divest its less profitable resources:
"One of our core values is simplicity. It means we can focus more attention on fewer things – the things that matter most…our operations must continually earn the right to be in our portfolio," he says.
Thursday November 15 2012

Market sources tell...


Charlotte Radford

August 21, 2015

12:12 GMT