BHP Sells Shuttered Australian Nickel Plant to Gold Fields

• BHP Group is selling its Kambalda nickel concentrator plant and associated land in Western Australia to Gold Fields Ltd.
• The sale follows BHP's suspension of its Nickel West business due to plunging nickel prices caused by global oversupply, particularly from Indonesia.
• Gold Fields will assess the long-term use of the concentrator, while BHP continues to review its remaining nickel assets.

Topics: Asset types, Jurisdictions, Real assets, Established hubs

Tags: #bhp #kambalda #nickel #goldfields #westernaustralia #mining #commodityprices #assetsale #batterymetal

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KKR Commercial Real Estate Lender Studies Potential Sale, Merger

KKR Real Estate Finance Trust Inc. is considering strategic alternatives that could include a merger or sale of the company. The company has established a committee to review options, which might also include an asset sale or the modification of its business plan. KREF reported its second-quarter net loss almost doubled from the prior quarter as it boosted provisions for bad loans, with shares having dropped over the last five years.

• KKR Real Estate Finance Trust Inc. (KREF) is exploring strategic alternatives including a potential sale or merger due to significant financial struggles.
• The company's net loss has nearly doubled, driven by increased provisions for bad loans, and its shares have fallen substantially over the past five years.
• This situation highlights ongoing challenges within the commercial mortgage REIT sector post-pandemic, with KREF seeking to reposition its portfolio and generate liquidity.

Topics: Asset types, Scalability, Real assets, Market depth liquidity

Tags: #kkr #realestatefinancetrust #strategicalternatives #merger #sale #assetsale #badloans #provisions #reits #commercialmortgages

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