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BHP Billiton PLC (BLT.L)

BLT.L on London Stock Exchange

944.70GBp
29 Jul 2016
Change (% chg)

-16.30p (-1.70%)
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961.00p
Open
956.00p
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Day's Low
936.10p
Volume
10,941,946
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571.60p

Latest Key Developments (Source: Significant Developments)

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

BHP Billiton plc to lay off 7 pct of workers at Spence copper mine in Chile - Reuters News
Tuesday, 12 Apr 2016 05:03pm EDT 

BHP Billiton plc:BHP Billiton will lay off about 7 percent of the 1,060 workers at its Spence copper mine in Chile, the mine's union said on Tuesday - RTRS.Tumbling copper prices have forced mining companies globally to lay off workers and scale back investment plans in a bid to cut costs and remain afloat."The company says the main reason for this is organizational restructuring and problems due to the drop in copper prices," union chief Ronald Salcedo told Reuters.In total, 77 workers are being laid of at Spence, including 11 supervisors, Salcedo added. A source close to the Anglo-Australian company confirmed the layoffs.Spence produced 175,600 tonnes of copper last year.  Full Article

BHP Billiton plc - Workers at Colombia's Cerrejon coal mine vote in favor of strike - Reuters
Thursday, 3 Mar 2016 03:30pm EST 

BHP Billiton plc:Union workers at Cerrejon, Colombia's largest coal mine, have voted in favor of a strike, the union said on Thursday, amid a dispute with the company over wages and benefits. - RTRS.The Sintracarbon union has 10 days to declare the start date for the strike, leader Jairo Quiroz said.Cerrejon is a joint venture between BHP Billiton, Anglo American Plc and Glencore Xstrata. It has been producing coal in Colombia since the mid-1980s under a concession that runs until 2033.  Full Article

BHP Billiton plc - Samarco to pay at least $5 bln in Brazil dam spill deal - source - Reuters
Tuesday, 1 Mar 2016 04:42pm EST 

BHP Billiton plc:Samarco Mineracao SA will pay at least 20 billion reais ($5 billion) over 15 years as part of a deal reached with the Brazilian government to settle a lawsuit for damages caused by a deadly dam spill at a mine in November, a government source told Reuters on Tuesday. - RTRS.Samarco, a joint venture between Vale and BHP Billiton, will pay 4.4 billion reais in the three years following the agreement that will be signed on Wednesday, said the official who requested anonymity since the information was not yet public.The rest of the funds will be released in the following years. Regarded as Brazil's worst environmental disaster, the burst dam killed 19 people, forced hundreds to leave their homes and polluted one of the country's main rivers.The deal comes after Vale announced a fourth-quarter net loss of $8.57 billion, its worst ever as a private company, and BHP recorded its first loss in more than 16 years for the six months to Dec. 31.BHP Billiton declined to comment on terms of any agreement, but reiterated that an agreement was close. Press representatives with Vale and Samarco were not immediately reachable for comment.The dam burst revealed a series of mistakes by under-funded mining and environmental regulators in one of the world's top iron-ore producer, triggering a debate over harsher mining controls in Congress.  Full Article

BHP Billiton plc - BHP Billiton says no settlement yet on Brazil dam disaster - Reuters
Thursday, 25 Feb 2016 04:20am EST 

BHP Billiton plc:BHP Billiton said on Friday that no agreement has been reached yet with Brazilian authorities to fund clean up and damages for a dam burst that killed at least 17 people in that country's worst environmental disaster. - RTRS.BHP put out a statement after an influential columnist for the O Globo newspaper said an agreement had been reached on Thursday.Under which Samarco, owned by BHP and Brazil's Vale, has committed to provide a total of 4.4 billion Brazilian reais ($1.1 billion) between 2016 and 2018 and additional funds for a further seven years.BHP said on Friday that talks were continuing."Significant progress has been made with the negotiations, and we are hopeful that an agreement will be reached," the company said in a statement to the Australian Securities Exchange, reiterating comments made in its annual results on Tuesday."If and when that happens, an announcement will be made at that time.".  Full Article

BHP Billiton plc - Workers at top Colombian coal mine to vote on possible strike - Reuters
Tuesday, 23 Feb 2016 12:24pm EST 

BHP Billiton plc:Unionized workers at Colombia's biggest coal mine will start voting on Friday whether to strike or seek an arbitrated settlement for wage increases, the head of the Sintracarbon union said on Tuesday.A strike at the Cerrejon mine, which produces 32 million tonnes of coal per year, or 37 percent of Colombia's total output, would come at an inopportune time for the country, which is already suffering a commodity-related economic slowdown.Jairo Quiroz, head of the Sindicato de Trabajadores de la Industria del Carbon, known as Sintracarbon, told Reuters the 10-day vote comes after a 40-day period of direct negotiation came to an end without an agreement.The union, which represents 4,200 of the 10,000 workers at the mine, is ready to keep talking to the company to resolve the dispute and avoid a stoppage at the mine in La Guajira in northern Colombia, he said.The voting will end on March 3, with a starting date for any strike to be announced 10 days later.Cerrejon has offered a 6.77 percent pay increase, in line with last year's inflation rate, while workers want a 10.1 percent raise, Quiroz said. They also want improvements in education, health and housing as well as in other aspects of their contracts.Cerrejon is a joint venture between BHP Billiton, Anglo American Plc and Glencore Xstrata. It has been producing coal in Colombia since the mid-1980s under a concession that runs until 2033.  Full Article

BHP Billiton announces interim dividend
Tuesday, 23 Feb 2016 02:00am EST 

BHP Billiton PLC:Says board determined to pay an interim dividend of $0.16 per share.Says interim dividend to be paid by BHP Billiton Ltd will be fully franked for Australian taxation purposes.Ex-dividend date on JSE March 7, 2016.Ex-dividend date on New York Stock Exchange (NYSE) March 9, 2016.Ex-dividend date on Australian Securities Exchange (ASX) and London Stock Exchange (LSE) March 10, 2016.Record date (including currency conversion and currency election dates for ASX and LSE) March 11, 2016.Payment date March 31, 2016.  Full Article

BHP Billiton plc - Brazil court freezes $130 million of Samarco assets - Reuters
Monday, 22 Feb 2016 03:51pm EST 

BHP Billiton plc:A Brazilian judge blocked 500 million reais ($127 million) of assets of Samarco, a joint venture between Vale SA and BHP Billiton, to guarantee the clean up and repair of a town hit by a deadly flood caused by a burst tailings dam in November, local prosecutors said on Monday - RTRS.In a statement, the Minas Gerais state prosecutors who requested the judicial action said the mudslide had destroyed schools, water and sewage networks, football pitches and public buildings in the town of Barra Longa and surrounding area.As well as the asset freeze, the judge approved a 500,000 reais daily fine if the companies do not present a plan within 30 days to fix the damage caused. The repair work must be completed within six months.The decision was first reported by newspaper O Globo earlier this month but only became public on Monday.Samarco said in a statement that the funds are needed for the company to continue with the cleanup and that it was working to lift the freeze.BHP declined to comment for the report while Vale did not immediately respond to requests for comment.  Full Article

Australian mining group denies iron ore being dumped in China

SYDNEY A leading mining group in Australia on Wednesday denied allegations by Chinese iron ore miners that Australian counterparts were dumping ore at cheap prices to push them out.