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BHP Billiton Ltd (BHP.N)

BHP.N on New York Stock Exchange

24 Mar 2017
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Latest Key Developments (Source: Significant Developments)

BHP Billiton prices offer as part of its $2.5 bln bond repurchase plan
Monday, 27 Feb 2017 04:27pm EST 

BHP Billiton Ltd : BHP Billiton prices any and all offer-bhp.ax . announced today pricing of any and all offer as part of its us$2.5 billion bond repurchase plan. .unit announced pricing of its previously announced tender offer for any and all of its outstanding us$1.75 billion 6.500% senior notes due 2019.  Full Article

BHP board approves bond repurchase plan of up to $2.5 billion
Tuesday, 21 Feb 2017 01:15am EST 

BHP Billiton Plc : Board has approved a bond repurchase plan of up to us$2.5 billion . Plan will target 2018, 2019, 2021, 2022 and 2023 us dollar denominated notes . Bond repurchase will be funded by cash . BHP Billiton Finance (USA) limited announces offers to purchase up to $1.95 billion purchase price of the 2019, 2021, 2022 and 2023 notes Further company coverage: [BLT.L] (Bengaluru Newsroom) ((+91 806 749 1136;)).  Full Article

BHP Billiton posts half-year net profit of $3.20 bln from year-ago loss of $5.67 bln
Tuesday, 21 Feb 2017 12:55am EST 

Bhp Billiton Ltd : HY net profit $3.20 billion versus loss of $5.67 billion year ago . World economic growth is likely to remain within range of three to three and a half per cent in 2017 calendar year . HY revenue up 20% to $18.80 billion . Interim dividend of 40 US cents per share . HY underlying attributable profit from continuing operations $3.244 billion versus $412 million . "View on China remains unchanged" . China's economic growth is expected to moderate in coming year . Capital and exploration expenditure is now expected to be US$5.6 billion for 2017 financial year and US$6.3 billion in 2018 financial year . "Anticipate a cooling of growth rates in housing and automobile markets" . "A decline in unit costs at major assets supported US$1.2 billion of productivity gains in half" . "Exports may be challenged by rising threat of protectionism" . Negotiations in relation to a final settlement arrangement with federal prosecutors on Samarco are expected to occur before end of June 2017 . Restart of Samarco's operations will occur only if it is safe, economically viable and has support of community . "Longer term, view remains that China's economic growth rate will decelerate" . "Our minimum 50 per cent dividend payout policy equates to 30 US cents per share" . Outlook for US economy is uncertain . Net debt of US$20.06 billion as at Dec 31, 2016 , down 23 percent . "Medium-term impact on growth is unclear" for US.  Full Article

BHP wins bid for stake in deep-water Trion field in Gulf of Mexico
Monday, 5 Dec 2016 11:16am EST 

BHP Billiton Plc : Submitted winning bid to acquire a 60 per cent interest in and operatorship of blocks containing Trion Discovery located in deep-water Gulf of Mexico . Says PEMEX Exploration & Production Mexico (PEMEX) will retain a 40 percent interest in blocks . Says PEMEX estimates gross recoverable resource to be 485 mmboe . Says bid for Trion includes an upfront cash payment of $62.4 million and a commitment to a minimum work program (estimated to be up to a maximum of $320 million) . Says should BHP and PEMEX agree to progress project beyond minimum work program BHP would be required to invest remainder of $570 million minimum work contribution . Says should BHP Billiton and PEMEX agree to progress project beyond minimum work program BHP would also be required to invest a $624 million cash contribution .Says BHP Billiton's bid also includes a commitment to an additional royalty of 4 pct.  Full Article

Jubilee Platinum says unit rejects BHP's termination of supply agreement
Wednesday, 9 Nov 2016 07:30am EST 

Jubilee Platinum Plc : In relation to co's subsidiary received from BHP Billiton a notice of termination of tailings supply agreement dating back to 2005 relating to the Leinster Nickel operations in Western Australia . Braemore has informed BHP that it rejects termination notice, it believes no factual or legal basis exists for such termination . Braemore has been continuing with internal review of nickel tailings project .Nickel tailings project does not form part of co's earnings has no influence on execution of jubilee's platinum and chrome projects.  Full Article

BHP Billiton's Samarco disaster coordinator to leave company in March
Thursday, 27 Oct 2016 01:02am EDT 

BHP Billiton Plc : Chief commercial officer dean dalla valle will leave the company at the end of march 2017 . Will centralise the management of Samarco alongside the group's other major minerals non-operated joint ventures in the minerals Americas portfolio For write up on this click on: [nL4N1CX2AX] Further company coverage: [BLT.L] ((Bengaluru Newsroom +918067491136;)).  Full Article

Bhp Billiton updates on petroleum business
Wednesday, 5 Oct 2016 01:27am EDT 

Bhp Billiton Ltd : Says positive drilling results at Caicos exploration well in Gulf Of Mexico .Bhp billiton is expecting unit operating costs to remain at approximately US$10 per boe over 2017 and 2018 financial years.  Full Article

Civmec ltd secured a contract to carry out modification works for BHP Billiton
Thursday, 29 Sep 2016 05:44am EDT 

Civmec Ltd : Secured a contract to carry out modification works for bhp billiton (bhpb) on orebody18 mine in pilbara area of western australia .Work involves a vertical package delivery of, steelwork, site civil works, structural, mechanical, piping and electrical, instrumentation and control.  Full Article

Westpac Banking Corp issues dividend update
Monday, 5 Sep 2016 04:32pm EDT 

Westpac Banking Corp: Westpac views over securities in BHP . amending dividend payable on Westpac views over securities in BHP from $0.1819 per security to $0.1852 per security .  Full Article

Woodside Petroleum agrees to acquire half of BHP Billiton's Scarborough assets
Sunday, 4 Sep 2016 07:30pm EDT 

Woodside Petroleum Ltd : Woodside agrees to acquire half of BHPB's Scarborough assets . Woodside will pay BHP Billiton US$250 million on completion of the transaction . Entered into binding sale and purchase agreements to acquire half of BHP Billiton's Scarborough area assets in Carnarvon basin . Acquisition includes a 25% interest in wa-1-r and a 50% interest in wa-62-r, which together contain the Scarborough gas field . Will make contingent payment of US$150 million upon a positive final investment decision to develop the Scarborough field . Completion is subject to pre-emption rights and customary regulatory approvals and is targeted by year- end 2016. . Woodside will operate wa-61-r, wa-62-r and wa-63-r" . Says the effective date of the transaction is 1 July 2016 .  Full Article

More From Around the Web

Vale says Brazil court suspends Samarco damages lawsuit to help deal

RIO DE JANEIRO, March 16 Brazilian iron ore miner Vale SA said on Thursday that a federal court in Minas Gerais has suspended a case brought by prosecutors seeking 155 billion reais ($49.7 billion) in damages for the 2015 Samarco mine disaster.