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BHP Billiton's Nickel West operation.

BHP scraps Nickel West sale

BHP Billiton officially confirmed today it has scrapped the sale of its Nickel West business in Western Australia "at this time" after failing to attract a buyer at an acceptable price.

The business was put on the market six months ago with BHP believed to have put a broad $500 million to $800 million valuation on it.

BHP said in a statement it had been unable to complete a sale on an acceptable basis, and it would only pursue options that maximised value for shareholders.

Nickel West would remain in the company's portfolio as a non-core asset "at this time" and BHP would continue to operate the business to realise its full value, the company said.

“The focus of Nickel West will remain on delivering safe and efficient production whilst pursuing every opportunity to maximise productivity, to reduce operating costs and increase free cash flow,” Nickel West asset president Paul Harvey said.

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