BHP Message Board - Msg: 3151361

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : BHP

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Aurum who wrote (48)	1/12/1998 7:16:00 PM
From: Thomas Haegin	Read Replies (1) of 87

REPOST: SALE OF EMD PLANT COMPLETED From the BHP investor service: -------Start---------- IMMEDIATE 13 JANUARY 1998 Ref No 01/98 SALE OF EMD PLANT COMPLETED BHP today announced that it had concluded the sale of its Newcastle based Electrolytic Manganese Dioxide Plant, operated by Australian Manganese Company Ltd (AMCL) to Delta Electrical Industries Ltd, a South African listed company. Delta will assume control of the plant on 30 January 1998. The effective purchase price was $57 million as announced on 26 June. Delta has indicated it will make investments in the plant in the medium term to improve operations. Delta has offered ongoing employment to all existing AMCL employees. Mr G P (Graeme) Hunt, Group General Manager BHP Manganese, said the smooth transition was mutually beneficial for everyone involved. "BHP is focusing its manganese business more tightly on its core mining and smelting activities, Delta is making a significant growth step and employees have peace of mind and an opportunity to help AMCL grow," he said. The AMCL plant produces approximately 23,000 tonnes of high quality EMD annually for export to alkaline dry cell battery producers. BHP will continue to supply manganese ore to the plant under a long term contract arrangement. * * * * * For information contact: Jay Rhodes Senior Public Affairs Officer BHP Minerals - Melbourne Tel: +61 3 9609 3124 (bh) +61 3 9525 3538 (ah) -------End----------

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next