Key Developments: BHP Billiton Ltd (BHP)
62.60USD
18 Jun 2013
$-0.67 (-1.06%)
$63.27
$62.22
$63.09
$62.20
2,678,454
2,538,225
$80.54
$60.73
Latest Key Developments (Source: Significant Developments)
Capstone Mining Corp. Enters Into Agreement With BHP Billiton PLC's BHP Copper Inc.
Capstone Mining Corp. announced that it entered into an agreement with BHP Copper Inc., a subsidiary of BHP Billiton Ltd. (BHP Billiton), to purchase the Pinto Valley copper mining operation and the associated San Manuel Arizona Railroad Company in Arizona, USA for USD650 million. The Transaction has been granted approval to proceed by the U.S. Federal Trade Commission (FTC) under the Hart-Scott Rodino Antitrust Improvements Act. Full Article
BHP Billiton Ltd Completes Sale Of Interest In East And West Browse Joint Ventures
BHP Billiton Ltd announced that it has completed the sale of its 8.33% interest in the East Browse Joint Venture and 20% interest in the West Browse Joint Venture, located offshore Western Australia, to PetroChina International Investment (Australia) Pty Ltd for USD1.63 billion plus customary purchase price adjustments as announced earlier. Full Article
BHP Billiton Ltd Halts Coal Expansion-WSJ
The Wall Street Journal reported that BHP Billiton Ltd has ruled out further expansion of its coal mining business, instead flagging the possibility of more asset sales as it focuses on cutting costs to defend against a weakened outlook for the commodity. Full Article
BHP Billiton Ltd Prices CAD 750 Million Bond
BHP Billiton Ltd announced that it has priced a Canadian bond under its Euro Medium Term Note Programme. The Canadian bond issue comprises CAD 750 million 3.23% bonds due 2023. The proceeds will be used for debt refinancing including the retirement of commercial paper. Full Article
BHP Billiton Ltd To Sell Arizona Copper Mine Capstone Mining Corp-Reuters
Reuters reported that BHP Billiton Ltd has agreed to sell its Pinto Valley copper mine and a railroad in Arizona to Capstone Mining Corp for $650 million. BHP and its global mining peers have put billions of dollars worth of mines, projects and aluminium operations up for sale as they look to slash costs, cut debt and focus on their highest returning assets as commodity prices slump. Full Article
BHP Billiton Ltd Prices EUR 750 Million Bond
BHP Billiton Ltd announced that it has priced a Euro bond under its Euro Medium Term Note Programme. The Euro bond issue comprises EUR 750 million 3.125% bonds due 2033. The proceeds will be used for the refinancing of current debt maturities. Full Article
Exxon Mobil Corp, BHP Billiton Ltd Plans Floating LNG Plant Off Australia-Reuters
Reuters reported that Exxon Mobil Corp and BHP Billiton Ltd are planning to build the floating liquefied natural gas (LNG) vessel in offshore northwestern Australia. The vessel would produce 6 million tonnes to 7 million tonnes per annum (mtpa) of LNG from Australia's Scarborough field, about 220 kilometres (137 miles) from the Western Australian coast, beginning in 2020-2021. Exxon and BHP, which are 50-50 joint venture partners in the Scarborough development, expect to make a final investment on the plant in 2014-2015, Exxon said in the filing. It did not give any cost estimates for the plant. Full Article
BHP Billiton Ltd Looking To Sell About 10 Assets-Reuters
Reuters reported that BHP Billiton Ltd is concentrating on about 10 assets as it looks for opportunities to divest to cut debt and simplify the business, the Company said. Full Article
BHP Billiton Ltd To Pay H1 2013 Dividend
BHP Billiton Ltd announced that it will pay an interim dividend of USD 0.57 per share for the first half of fiscal 2013 (H1 2012: USD 0.55 per share). The record date is March 8, 2013 and the payment date is March 28, 2013. Full Article
BHP Billiton Ltd Announces Change of Chief Executive Officer
BHP Billiton Ltd announced that Mr. Marius Kloppers will retire as Chief Executive Officer and a Director of the Company on May 10, 2013 and that Mr. Andrew Mackenzie, will succeed him and join the Board on that date. Mr. Kloppers will retire from the Group on October 1, 2013. Full Article
Australia shares fall to 5-mth low as banks drag; Discovery Metals jumps
* Financials lead losses on foreign selling, higher bond yield
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