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BHP Billiton PLC (BLT.L)

BLT.L on London Stock Exchange

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

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 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

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

BHP Billiton says to step away from Caroona coal project
Thursday, 11 Aug 2016 06:34am EDT 

BHP Billiton Plc : Has agreed to cease progression of the Caroona coal project, through the cancellation of exploration licence (el) 6505 .Notes announcement by New South Wales government regarding approach to future mining activities where Caroona coal project is situated.  Full Article

BHP Billiton intends to invest about US$900 mln in exploration next financial year
Sunday, 26 Jun 2016 06:28pm EDT 

BHP Billiton Ltd :Says next financial year, intend to invest about $900 mln in exploration, which represents 18 pct of overall capital budget.  Full Article

BHP Billiton says coal business targeting additional $600 mln gain by 2017 end
Monday, 20 Jun 2016 06:38pm EDT 

BHP Billiton Ltd : Update on BHP Billiton's coal business . Coal business is targeting another US$600 mln productivity gain by the end of 2017 financial year . Even in difficult environment, all operations remain cash positive . Confident base demand in emerging economies will remain resilient . Higher quality coals position well in increasingly carbon constrained world . "Longer-term coal market outlook remains positive" . Energy coal markets are expected to remain oversupplied in near term . Further 16% reduction in absolute costs anticipated by FY 2017 . Expect to deliver a 5 MT (8%) increase in volumes from FY 2015 to FY 2018 ."Recovery in FY 2017 EBITDA margins despite lower expected prices".  Full Article

Exxon, BHP examining sale of joint Australia oil and gas assets - Bloomberg
Wednesday, 15 Jun 2016 04:26am EDT 

Exxon, BHP Examining Sale Of Joint Australia Oil And Gas Assets :Bloomberg.  Full Article

More From Around the Web


Escondida outcome seen as disaster for BHP as workers return

SANTIAGO The end of a historic strike at Chile's Escondida copper mine, the world's biggest, has left its owner, BHP Billiton, nursing an estimated $1 billion loss and probably in a weaker position for negotiations in a year or so, company and industry insiders said.