BHP Billiton Limited
17 February 2005
BHP Billiton Limited is issuing this announcement to fulfil disclosure
obligations arising from its secondary listing on the London Stock Exchange.
The text of this release is identical to that issued by BHP Billiton Plc earlier
NEWS RELEASE
Release Time IMMEDIATE
Date 17 February 2005
Number 07/05
SALE OF SAMANCOR CHROME
BHP Billiton and Anglo American plc ('Anglo American') announced today that they
have reached agreement for the sale of Samancor Chrome to the Kermas Group for
an enterprise value of US$469 million. The sale will be effective 1 April 2005,
subject to obtaining regulatory approvals.
The Kermas Group is a producer of and trader in ferrochrome and chrome
chemicals, with activities in Russia, Germany and Turkey.
The Wonderkop joint venture and Palmiet Ferrochrome plant are excluded from this
transaction. Samancor Chrome operates entirely in South Africa, and includes
Eastern Chrome Mines in Mpumalanga and Western Chrome Mines in Northwest
Provinces. It also has alloy plants in Gauteng and Mpumalanga Provinces. It
markets product across the globe and in total employs some 5 500 people.
Samancor Chrome is a wholly owned subsidiary of Samancor, owned 60% by BHP
Billiton, also the operator and 40% by Anglo American.
For further information contact:
BHP Billiton:
http://www.bhpbilliton.com
Australia United Kingdom
Jane Belcher, Investor Relations Mark Lidiard, Investor & Media
Relations
Tel: +61 3 9609 3952 Mobile: +61 417 Tel: +44 20 7802 4156
031 653
email: email: Mark.Lidiard@bhpbilliton.com
Jane.H.Belcher@bhpbilliton.com
Tania Price, Media Relations Ariane Gentil, Media Relations
Tel: +61 3 9609 3815 Mobile: +61 419 Tel: +44 20 7802 4177 Mobile: +44 78 81
152 780 51 8715
email: Tania.Price@bhpbilliton.com email: Ariane.Gentil@bhpbilliton.com
United States South Africa
Michael Campbell, Investor & Media
Relations
Francis McAllister, Investor Tel: +27 11 376 3360 Mobile: +27 82 458
Relations 2587
Tel: +1 713 961 8625 Mobile: +1 713 email:
480 3699 Michael.J.Campbell@bhpbilliton.com
email:
Francis.R.McAllister@bhpbilliton.com
Anglo American:
United Kingdom
Charlie Gordon, Investor Relations
Tel: +44 20 7698 8933
Kate Aindow, Media Relations
Tel: +44 20 7698 8619
South Africa
Anne Dunn, Investor Relations
Tel: +27 11 638 4730
Marion Dixon, Media Relations
Tel: +27 11 638 3001
This information is provided by RNS
The company news service from the London Stock Exchange
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