BHP Billiton has pulled out of a $2 billion nickel project in the southern Philippines after selling its 40 percent stake to a local partner. The project was BHP’s only mining venture in the Southeast Asian country and the move could be part of the miner’s plan to exit the nickel business as early as next year after selling two major nickel divisions in four months.
See http://uk.reuters.com/article/idUKSGE5BL00S20091222.