BHP Billiton is considering listing its new resources entity NewCo on the London stock market.

The global resources giant announced plans in August to spin off most of its aluminium, coal, manganese, nickel and silver assets into NewCo.

The company will be based in Australia and listed on the local share market and in South Africa.

But since that announcement, BHP Billiton’s London investors have expressed disappointment that NewCo would not be listed there. BHP Billiton is dual-listed on the ASX and the London stock exchange.

BHP Billiton’s chairman, Jac Nasser, says that since talking to investors in recent weeks, it is considering a London listing as well.

“We have been pleased by the support for the demerger and the level of interest investors have shown in the new company,” he wrote in a letter to shareholders.

“Based on this, we are now assessing a potential standard listing in London for the new company.

“This listing would be in addition to the new company’s previously announced proposed primary listing on the Australian Securities Exchange [ASX] and secondary inward listing on the Johannesburg stock exchange.”

Nasser said BHP’s board would decide on proceeding with the spin-off of assets into NewCo once the necessary government, tax, regulatory and third party approvals were secured.

Shareholders would then vote on the proposed demerger, which is expected to be completed before June 2015.