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BHP Billiton PLC (BLT.L)

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Latest Key Developments (Source: Significant Developments)

Elliott International discloses 5.04 pct stake in BHP - filing
Thursday, 17 Aug 2017 10:45am EDT 


Elliott discloses 5 pct Shareholding in BHP Billiton PLC
Tuesday, 15 Aug 2017 06:07pm EDT 

Aug 15 (Reuters) - Elliott::Elliott says discloses that it now holds 5% of issued shares of bhp billiton plc.  Full Article

Fluor selected for BHP's south flank mining project in Australia
Wednesday, 2 Aug 2017 06:58am EDT 

Aug 2 (Reuters) - Fluor Corp :Fluor selected for BHP's south flank mining project in Australia.Fluor Corp - Fluor will book undisclosed contract value in Q3 of 2017.Fluor Corp - ‍awarded project, construction management services contract by BHP for south flank iron ore project in Pilbara region of Western Australia​.  Full Article

BHP Billiton says total iron ore production for FY17 increased by 4 pct
Tuesday, 18 Jul 2017 06:25pm EDT 

July 19 (Reuters) - BHP Billiton Ltd :total petroleum production for 2017 financial year decreased by 13 per cent to 208 mmboe..petroleum production is forecast to decrease to between 180 and 190 mmboe in 2018 financial year..total iron ore production for 2017 financial year increased by four per cent to 231 mt.‍expect to achieve full year unit cost guidance at WAIO and conventional petroleum​.Total copper production for 2017 financial year decreased by 16 per cent to 1.3 mt.Total copper production is forecast to increase to between 1,655 and 1,790 kt in 2018 financial year.."in onshore US, volumes are expected to decline to between 61 and 67 mmboe".WAIO production is expected to increase to between 239 and 243 mt, or between 275 and 280 mt on a 100 per cent basis, in 2018 financial year.‍divestment of non-core onshore us acreage is progressing, with sale of a portion of southern hawkville anticipated in september 2017 quarter​.expanded rig program is forecast to deliver production growth of approximately 35 per cent in 2019 financial year.‍in petroleum exploration, drilling of wildling-2 appraisal well in gulf of mexico is continuing, with results expected in september 2017 quarter​.‍all major projects under development are tracking to plan​.‍"industrial action and cyclone debbie have impacted unit costs at escondida and queensland coal respectively"​.in 2018 financial year expect an increase to approximately us$2.0 billion in petroleum capex.  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

Elliott releases statement on growing calls for change from BHP shareholders
Tuesday, 13 Jun 2017 07:44pm EDT 

June 13 (Reuters) - Elliott -:Elliott says released statement regarding growing calls for change from BHP shareholders as company prepares to announce a new chairperson.Elliott says, over past few weeks, BHP's shareholders have made clear that substantial and meaningful change is needed.Elliott says shareholder frustration is understandable "considering BHP's sustained underperformance".Elliott says "appointment of a strong, experienced, and visionary chairperson would be a welcomed first step for BHP".  Full Article

BHP says disappointed at Elliott claim that co not open to suggestions
Tuesday, 16 May 2017 02:49am EDT 

May 16 (Reuters) - BHP Billiton Ltd ::Note the letter that Elliott have sent to BHP and Elliott’s presentation.Co says will review the materials in full and formally respond as appropriate.Co says disappointed that the materials claim that co has not been open to suggestions and that has been misleading in its response.Co says we reject both claims.  Full Article

BHP CEO says all options to fully realise value of Shale acreage will be pursued
Tuesday, 16 May 2017 02:00am EDT 

May 16 (Reuters) - BHP Billiton Plc ::"We will remain disciplined, drive consistent, transparent application of our capital allocation framework, which includes cash returns to shareholders" - ceo."We have achieved a great deal over past year but we are not standing still" - ceo."All options to fully realise value of Shale acreage will be pursued, including further appraisal, new technology and asset sales and swaps" - ceo."Petroleum exploration program has unrisked value of over $20 billion, close to a quarter of which sits in low to medium risk prospects to be tested in next two years" - ceo."Further cost reductions support a 10 per cent value uplift" - ceo."Major growth projects valued at up to us$25 billion offer potential average returns of over 16 per cent at consensus prices" - ceo."Studies on olympic dam expansion are progressing well" - ceo."Phased expansion of Jansen Potash Project is expected to generate competitive returns in stage 1, with significant potential upside in subsequent stages" -ceo.  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


Hedge fund Elliott ups stakes at BHP by crossing threshold

MELBOURNE/LONDON Hedge fund Elliott Management has upped the stakes at BHP , gaining powers to push for change by raising its holding in the miner's London-listed arm to 5 percent.