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BHP Billiton Ltd (BHP)

BHP on New York Consolidated

41.21USD
25 Sep 2017
Change (% chg)

$-0.47 (-1.14%)
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Open
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Latest Key Developments (Source: Significant Developments)

Mitchell Services announces extension of BHP Olympic Dam contract
Monday, 4 Sep 2017 06:29pm EDT 

Sept 5 (Reuters) - Mitchell Services Ltd :Announces extension of BHP Olympic Dam contract under agreed contract variation.Announces contract expiry extended to April 2019.Under varied terms, co will provide up to 7 underground rigs & will play integral part in BHP's plans to expand into high-grade southern area of mine.  Full Article

BHP Billiton announces appointment of Terry Bowen and John Mogford to board
Tuesday, 22 Aug 2017 06:57pm EDT 

Aug 23 (Reuters) - Bhp Billiton Ltd :BHP board changes.Announced appointment of Terry Bowen and John Mogford to bhp board as independent non-executive directors.Malcolm Brinded has decided not to stand for re-election as a non-executive director at 2017 annual general meetings.Grant King has decided that he will not stand for election at 2017 annual general meetings of bhp.Grant King will retire from board on 31 august 2017.  Full Article

BHP says Elliott owns 5.04 pct stake in co
Thursday, 17 Aug 2017 06:20pm EDT 

Aug 18 (Reuters) - Bhp Billiton Ltd ::Elliott Capital Advisors, L.P. acquires 5.04 percent stake in co.  Full Article

BHP Billiton ‍approves investment to extend life of Chile's Spence mine​
Thursday, 17 Aug 2017 03:59am EDT 

Aug 17 (Reuters) - BHP BILLITON PLC ::‍APPROVES INVESTMENT TO EXTEND LIFE OF SPENCE COPPER MINE​.‍APPROVAL OF CAPITAL EXPENDITURE OF US$2.46 BILLION FOR SPENCE GROWTH OPTION (SGO) AT SPENCE OPEN-CUT COPPER MINE IN NORTHERN CHILE​.‍PLAN WILL EXTEND MINE LIFE BY MORE THAN 50 YEARS​.‍IN FIRST 10 YEARS OF OPERATION, INCREMENTAL PRODUCTION FROM SGO WILL BE ABOUT 185 KTPA OF PAYABLE COPPER IN CONCENTRATE, 4 KTPA OF PAYABLE MOLYBDENUM​.‍SGO AT MID-CASE CONSENSUS PRICES, HAS AN EXPECTED INTERNAL RATE OF RETURN OF 16 PERCENT, PAYBACK PERIOD OF 4.5 YEARS FROM FIRST PRODUCTION​.  Full Article

Elliott says supports new BHP chair and new direction for BHP
Thursday, 15 Jun 2017 09:01pm EDT 

June 15 (Reuters) - :Elliott says supports new BHP chair and new direction for BHP.Elliott says "appointment of Kenneth Mackenzie as next chair is a constructive step in bringing much needed change to direction of BHP".  Full Article

BHP Billiton says Ken Mackenzie to become BHP chairman
Thursday, 15 Jun 2017 07:12pm EDT 

June 16 (Reuters) - BHP Billiton Ltd -:Ken Mackenzie to become BHP chairman.‍BHP Board has elected Ken Mackenzie to succeed Jac Nasser as chairman​.Mackenzie will assume role of chairman effective 1 sept 2017, following Nasser's retirement as both chairman & non-executive director.  Full Article

Activist investor Elliott calls for independent review of BHP's petroleum unit
Monday, 15 May 2017 07:45pm EDT 

May 15 (Reuters) - :Elliott - Elliott responds to BHP's approach to unlocking shareholder value.Elliott - calling for an in-depth, open and timely independent review of BHP's petroleum business.Elliott - under revised proposal, BHP would stay incorporated in Australia, Australian headquartered and Australian tax resident.Elliott - under revised proposal, BHP would retain full ASX and LSE listings, with ordinary shares listed on ASX..Elliott - offers BHP new approach as solution to regulatory concerns raised in recent feedback on unification ideas in shareholder value unlock plan.  Full Article

BHP says costs, risks of Elliott proposal outweigh benefits
Monday, 10 Apr 2017 06:53am EDT 

BHP Billiton Plc : BHP Billiton notes Elliott proposal . Regularly reviews opportunities to create value . Those reviews have included key elements of Elliott's proposal . Concluded that costs and associated risks of Elliott's proposal would significantly outweigh any potential benefits. . Notes publication of letter from Elliott and Elliott , , which outlines proposal for changes to group's DLC structure, asset portfolio, capital management . We have had dialogue with Elliott over many months, consistent with our commitment to shareholder engagement . Unification of DLC in manner proposed by Elliott would require approval by Australian foreign investment review board. . BHP Billiton will consider further its detailed response to proposal and will make a further announcement in due course. . There is no obvious discount in BHP Billiton's trading multiples relative to weighted average of relevant mining and oil and gas peers. . Disclosed information market needs to fully value petroleum business . Have not yet identified sufficient benefits to outweigh significant costs which would be incurred in unifying DLC .Elliott's demerger proposal is based on a view that investors would ascribe a higher value for these assets in a separately listed entity.  Full Article

BHP Billiton declares interim dividend of 40 cents per share
Monday, 6 Mar 2017 04:48am EST 

Investec Bank Plc - : Directors of BHP Billiton declared interim dividend of 40 cents per ordinary share payable on 28 March 2017 .Currency exchange rate applicable for BHP Billiton's dividend is 13.12600.  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

Australia shares end flat as BHP, Woolworths drag; NZ slightly up

Sept 7 Australia shares ended flat on Thursday, surrendering early gains on a positive lead from Wall Street, hurt by declines in BHP and Woolworths which traded ex-dividend.