WSJ: BHP Models Leaner Look for Mining …Benchmark For Future Spinoffs?

WSJ: BHP Models Leaner Look for Mining …Benchmark For Future Spinoffs? By Rhiannon Hoyle, Staff Writer, WSJ: Shareholders in the world’s biggest mining company, BHP Billiton, could set a tone for the industry this week when they vote on whether to support a plan to make the company smaller. “This is going to set the benchmark for future spinoffs,” said Jim Osman, chief executive of The Edge Consulting Group, which specializes in research on corporate breakups. It is setting up a company, South32, to house unwanted operations including coal mines and alumina refineries. In the process, it would halve the number of assets it runs and...