BHP still undecided on Nickel West

BHP CEO Andrew Mackenzie has told analysts this week that the future of the Nickel West business is still up in the air.

BHP still undecided on Nickel West BHP still undecided on Nickel West BHP still undecided on Nickel West BHP still undecided on Nickel West BHP still undecided on Nickel West

Nickel West's Kwinana smelter

Mackenzie held a roundtable with sell-side analysts in Sydney this week, with the key messages being around the company's productivity push.

However, Mackenzie addressed the future of the non-core Nickel West business following a report in The Australian last week that BHP and its advisor Goldman Sachs were again looking to divest the business.

Feedback from analysts suggests that no decision has been made.

"At this stage still an asset that does not fit within BHP's portfolio, although BHP will not look hard at this until it has finished divesting its US onshore oil & gas assets," Morgans analyst Adrian Prendergast said.

"The key factor at Nickel West for BHP has been minimising the liabilities attached to the remaining take-or-pay contra...