Key Developments: BHP Billiton Ltd (BHP)

BHP on New York Consolidated

22 May 2015
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Latest Key Developments (Source: Significant Developments)

BHP Billiton to pay $25 mln Beijing Olympics corruption fine - The Telegraph
Wednesday, 20 May 2015 07:11pm EDT 

BHP Billiton:Says it has agreed to pay $25 mln (16 mln Pounds) to settle charges from the US Securities and Exchange Commission (SEC) relating to hospitality provided by the company at the 2008 Beijing Olympic Games - The Telegraph.The SEC said that the guests were mainly from Africa and Asia, and were offered up to four days of hospitality at the event, which included tickets, luxury hotel stay and excursions with a total value of between $12,000 and $16,000.  Full Article

BHP Billiton prices A$1.0 billion note issue
Thursday, 19 Mar 2015 01:38am EDT 

BHP Billiton:Says it has priced a five year A$1.0 billion note issue under its Australian medium term note program.Says the Australian dollar notes will pay interest at 3.00 per cent and mature in March 2020.The proceeds will be used for general corporate purposes.  Full Article

BHP Billiton to demerge South32
Monday, 16 Mar 2015 05:39pm EDT 

BHP Billiton Ltd:Recommends shareholders vote in favour of demerger of South32.With more focused portfolio, BHP Billiton will be better placed to achieve further productivity benefits in its core assets.South32 will be substantial company with diversified portfolio of high quality, cash generative assets.Eligible shareholders will receive one South32 share for every BHP Billiton share.Says that it will maintain its commitment to progressive dividend policy and does not plan to rebase its dividend following demerger, implying higher payout ratio.South32 intends to distribute minimum of 40 pct. of underlying earnings as dividends to its shareholders following each six month reporting period.Shareholder vote scheduled for May 6.  Full Article

Hulamin 's Isizinda Aluminium announces acquisition of Bayside casthouse in Richards Bay, KwaZulu Natal from BHP Billiton
Monday, 24 Nov 2014 03:00am EST 

Isizinda Aluminium:Announced the acquisition of the Bayside casthouse in Richards Bay, KwaZulu Natal from BHP Billiton.Says the effective date is expected to be April 01, 2015.Isizinda (meaning Hub in isiZulu) is a strategic partnership between Bingelela Capital and Hulamin.Says Isizinda has concluded a groundbreaking five year metal supply agreement with BHP Billiton that will see liquid metal supplied by the nearby Hillside smelter directly to the Bayside casthouse.Says Hulamin in turn, has concluded a matching slab offtake agreement with Isizinda, with an estimated value of more than 10 bln Rand over the five year period.  Full Article

BHP Billiton Limited updates on proposed demerger
Sunday, 23 Nov 2014 04:00pm EST 

BHP Billiton Limited:Announces appointments to the management team of the new company it plans to create from its proposed demerger and provided an update on progress towards completion.Says good progress has been made in securing the government, taxation, regulatory and other third party approvals required to proceed with the demerger, with approval received from the Australian Foreign Investment Review Board and the Australian Taxation Office, amongst other third parties.Says a final Board decision on the proposed demerger will be made once all necessary third party approvals are secured on satisfactory terms.  Full Article

J-W operating company announces acquisition of Oil and Gas Properties from BHP Billiton Limited
Thursday, 20 Nov 2014 07:45pm EST 

BHP Billiton Limited:Says that J-W Operating company acquired oil and gas properties in Northern Louisiana from BHP Billiton.Says the properties are located in the Elm Grove and Caspiana fields and include interests in about 1,200 wellbores and associated gathering lines and compressor facilities.Says by the addition of about 700 active wells that are producing in the Cotton Valley formation, a conventional oil and gas field, the acquisition will result in a significant and immediate increase in production.Says the acquisition does not include any of BHP's unconventional Haynesville Shale assets.  Full Article

BHP Billiton announces standard listing in London for proposed new company
Thursday, 16 Oct 2014 02:33am EDT 

BHP Billiton:Says it confirmed that it will pursue a Standard listing on the UK Listing Authority‚Äôs Official List and admission to trading on the London Stock Exchange for the new company it plans to create via demerger.Says this is in addition to the proposed primary listing on the Australian Securities Exchange and secondary inward listing on the Johannesburg Stock Exchange.Says final Board decision on the demerger will only be made once the necessary Government, taxation, regulatory and other third party approvals are secured on satisfactory terms.  Full Article

BHP Billiton announces final dividend
Tuesday, 19 Aug 2014 02:59am EDT 

BHP Billiton:To pay a final dividend of $0.62 per share.Record Date Sept. 05.Payment date Sept. 23.  Full Article

BHP Billiton announces senior executive changes
Tuesday, 19 Aug 2014 02:45am EDT 

BHP Billiton:Says Graham Kerr, currently chief financial officer of BHP Billiton is appointed Chief Executive Officer designate of the new company that BHP Billiton plans to form in a demerger.Graham will retire from the Group Management Committee on Oct. 01 and will be replaced as CFO by Peter Beaven, currently President, Copper.Brendan Harris, currently Head of Group Investor Relations, has been appointed CFO designate of the new company.  Full Article

BHP Billiton announces creation of new global metals and mining company
Tuesday, 19 Aug 2014 02:43am EDT 

BHP Billiton:Plans to create an independent global metals and mining company based on a selection of its high-quality aluminium, coal, manganese, nickel and silver assets.Separating these businesses via a demerger has the potential to unlock shareholder value by significantly simplifying the BHP Billiton Group and creating two portfolios of complementary assets.BHP Billiton Limited and PLC shareholders would be entitled to 100 pct of the shares in NewCo through a pro-rata in-specie distribution.It is intended that NewCo would be listed on the Australian Securities Exchange and would have an inward secondary listing on the Johannesburg Stock Exchange.  Full Article

BHP Billiton hunts for deepwater oil assets

MELBOURNE, May 18 - BHP Billiton Ltd is looking to take advantage of a slump in oil prices to pick up assets where it can use its deepwater drilling expertise to boost growth as it slows expansion in onshore shale, its petroleum head said.

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