Merger and acquisition advisors used by BHP Billiton?
BHP Billiton has taken over a number of mining sites from WE Mining Subsidiaries.
Contract negotiations have been completed by BHP Billiton as it takes over WE Mining Subsidiaries.
The deal had initially been announced back at the start of August, but it has only been finished today (September 30th).
It will see BHP Billiton - which has roots tracing back to 1860 - acquire the mining equipment and related assets that are used at Area C, Yandi and Orebody 23/25 operations.
Previously, these services - which collectively account for 70 per cent of Western Australia's iron ore - belonged to Leighton Holdings.
BHP Billiton president of iron ore Ian Ashby said: "With the ... due diligence processes now complete, our primary focus moves to ensuring the integration of the highly-skilled workforce into the BHP Billiton business in a safe and efficient manner."
Negotiation skill may have been required to complete the acquisition and it is part of the firms strategy of focusing on owner-operator mining, instead of contract mining.
Posted by Ron Maverick
Source: BHP Billiton press release, September 30th