Namibian Purchase Indicates Differing Strategies

Australian natural resources group BHP Billiton has divested a 15% interest in various Namibian exploration blocks to Japanese group Mitsui, marginally reducing the firm's exposure to the country. While the deal is hardly ground-breaking, and will not make a tremendous amount of difference to Namibia's fledgling energy industry, it does give a good indication of BHP and Mitsui's differing strategies in Africa.

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