BHP Billiton Confirms Sale of Assets



Unpredictability is not something uncommon to us in world that is far from certain. Just the last couple of months, including one here, we’ve seen a lot of unrest which has led to much doubt. Again, we realise that this is not something that is new, but this is why it’s important to generate an understanding of what exactly is going on around us.


Just the other day, at Magnus, we were asked the purpose of collating the news for our readers.  Whilst the above is important, another reason we are doing everything we can to keep you informed is to remind you that Magnus steel is at the forefront of industry news, looking at new ways to innovate for the consumer.

BHP Billiton confirms sale plans for most SA assets

GLOBAL resources group BHP Billiton’s plans to spin off noncore businesses estimated to be worth $16bn — including most of its assets in SA — will create a new company with flexibility to seek growth opportunities in Southern Africa and elsewhere… (read more)


Numsa suspends Lear strike to deal with interdict

A STRIKE by 900 Lear Corporation workers has been suspended until next Wednesday after the company said it would file a court interdict against the action, National Union of Metalworkers of South Africa (Numsa) said on Tuesday. (read more)

Australian sharemarket closes higher as investors chase mining stocks

THE Australian sharemarket has closed higher today as investors piled into resources stocks after indications BHP Billiton could announce a decision on a demerger as soon as next week. (read more)