Key Developments: BHP Billiton Ltd (BHP)

BHP on New York Consolidated

25 Jul 2014
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Latest Key Developments (Source: Significant Developments)

BHP Billiton announces dividend dates
Thursday, 26 Jun 2014 02:00am EDT 

BHP Billiton:Proposed dates for the FY 2014 final dividend.Record Date Sept. 05.Payment Date Sept. 23.  Full Article

Cassini Resources Ltd completes acquisition of West Musgrave Project
Monday, 5 May 2014 11:01pm EDT 

Cassini Resources Ltd:Completion of the acquisition of BHP Billiton Limiteds West Musgrave Project has occurred, following satisfaction of the Conditions Precedent to the transaction, which were largely procedural.Says it has paid the upfront consideration of A$250,000 to effect settlement.Says it will take delivery of database of geological information and exploration data, which was generated by Western Mining Corporation Limited and BHP Billiton over the past 15 years.Says it will immediately commence reinterpretation of this data to focus on the company’s exploration strategy, which is designed to test the potential for a higher grade, lower tonnage development scenario at the West Musgrave Project.Once Cassini has had an opportunity to complete detailed analysis of this data, it will provide a technical update to the market.This update is anticipated to be released in the next week or two.  Full Article

Cassini Resources Ltd acquires BHP Billiton’s West Musgrave Project
Wednesday, 2 Apr 2014 05:00pm EDT 

Cassini Resources Ltd:Announced that it  has  executed a sale and purchase agreement to acquire 100 pct. of the West Musgrave Project  in Western Australia from BHP Billiton Nickel West Pty Ltd and BHP Billiton Minerals Pty Ltd,  two subsidiaries of BHP Billiton Limited.  Full Article

BHP Billiton Ltd to pay interim dividend
Monday, 17 Feb 2014 07:00pm EST 

BHP Billiton Ltd:Says that it will pay an interim dividend of 0.59 per share.Record date is March 7 and the payment date is March 26.  Full Article

BHP Billiton Ltd announces holding interest of BlackRock Inc and subsidiaries
Monday, 13 Jan 2014 05:17pm EST 

BHP Billiton Ltd:Says that BlackRock Inc and subsidiaries have an interest in 155,617,658 ordinary shares of the BHP Billiton, representing 4.84 pct. of the total voting power.  Full Article

Otto Energy Ltd executes letter of intent to assume BHP Billiton's interest in SC55
Wednesday, 27 Nov 2013 04:43pm EST 

Otto Energy Ltd:Executes letter of intent with BHP Billiton Ltd's BHP Billiton Petroleum (Philippines) Corp (BHPB), proposing to terminate the farm-out agreement between the two parties over Service Contract 55 (SC55), offshore Philippines.Says the letter of intent contemplates the re-assignment of BHPB's 60% working interest to Otto, taking Otto's working interest to 93.18%, subject to approval of the re-assignment by the Philippines Department of Energy.Says uUpon approval of the re-assignment by the DOE, Otto will accept the re-assignment of BHPB's 60% working interest and BHPB will pay $3.0 mln to Otto.Says Otto undertakes to lodge a Sub-Phase four work program and budget with the DOE.Says BHPB will pay a further $24.5 mln to Otto upon drilling the first exploration well in SC55.Says BHPB has no enduring rights to any future exploration outcomes or obligations.  Full Article

BHP Billiton Ltd Says Talks Continue Over Guinea Iron Ore Stake Sale-Reuters
Thursday, 24 Oct 2013 04:08pm EDT 

Reuters reported that BHP Billiton Ltd said it was still in talks to sell its stake in a iron ore deposit in Guinea, despite lengthy negotiations that have prompted questions over the potential for a deal. Mount Nimba - like other iron ore projects in Guinea including the giant Simandou deposit - has faced questions over the stability of the West African country and the possibility of exporting through neighbouring Liberia, which is vital to making mines profitable at current prices. It has also been unclear whether BHP would continue the talks, started under its previous management team, if buyer appetite eased off and at a time when iron ore prices have held up.  Full Article

BHP Billiton PLC Gives Up Nine Oil & Gas Exploration Blocks In India - Business Standard
Monday, 21 Oct 2013 01:25am EDT 

Business Standard reported BHP Billiton PLC has given up nine oil and gas exploration blocks in India due to its inability to carry out exploration operations there. According to local media, the Company is withdrawing from those blocks because of delays in clearances, but BHP would not confirm the reason for its decision to relinquish its interest.  Full Article

BHP Billiton Ltd Shuts US Gulf Production On Storm Threat-Reuters
Thursday, 3 Oct 2013 04:05pm EDT 

Reuters reported that BHP Billiton Ltd was shutting oil and gas production at its two oil and gas platforms in the Gulf of Mexico as Tropical Storm Karen approached the U.S. Gulf Coast. The company also said it expected both facilities to be fully evacuated later on Thursday. BHP operates Shenzi, which can produce up to 120,000 barrels per day of oil and 50 million cubic feet per day of natural gas, and Neptune, which can produce up to 50,000 bpd of oil and 50 million cubic feet per day of gas.  Full Article

Bhp Billiton Ltd Prices USD5.0 Billion Bond
Wednesday, 25 Sep 2013 06:33pm EDT 

BHP Billiton Ltd announced that it has priced a four tranche Global Bond under its debt shelf registration statement, which has been previously filed with the U.S. Securities and Exchange Commission. The Global Bond comprises USD500 million Senior Floating Rate Notes due 2016 paying interest at 3 month US Dollar LIBOR plus 25 basis points, USD500 million 2.050% Senior Notes due 2018, USD1,500 million 3.850% Senior Notes due 2023, and USD2,500 million 5.000% Senior Notes due 2043. The proceeds will be used for general corporate purposes.  Full Article

Australia shares trade at new 6-year highs, miners strong

* Miners lead; BHP beat its own guidance for iron ore output

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