BHP Billiton, a mining giant, will be putting on some twists on its assets to raise as much as 12 billion dollars.
This is a move that aims to let the company make up with the losses that they got from some of its previous acquisitions. They are now planning to solidify its four main products. These include petroleum, iron ore, copper, and coal.
There have been several decisions from the company that aim to create a simpler portfolio. Since January, the Australian mining giant was already able to get rid of $5.2 billion off their list.
BHP Billiton is not the only mining company that has been cutting its portfolio. There have been several others who are following the path. This is mainly because of the prices of these commodities. Competition may not be at their side if the prices do not stay at a lower level.
It still gets exciting for BHP Billiton because despite their plan to solidify the assets into the four above-mentioned products, they are still looking at Potash Corporation as a possible addition.
To them, this company is going to be a valuable alternative in case there will be problems with their main group. Furthermore, there have been several meetings concluded to make sure that this will not be the last of the improvements in the company.
The company still has a lot to showcase when it comes to decision-making. For them, there is not a panacea. They will have to work with the adjustments one by one.