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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 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

BHP Billiton plc - Brazil police may accuse Samarco execs of homicide in dam burst -Folha - Reuters
Friday, 5 Feb 2016 12:57pm EST 

BHP Billiton plc:Brazilian police have enough evidence to accuse executives of miner Samarco Mineração SA with homicide over a deadly dam burst in November, a police chief told newspaper Folha de Sao Paulo on Friday. - RTRS.Police earlier raided the offices of Samarco, a joint venture of Vale SA VALE5.SA and BHP Billiton BLT.L, in Belo Horizonte, the capital of Minas Gerais state, and in Mariana, where the iron pellets venture is located - RTRS.Samarco did not respond immediately to a request for comment on the possibility of homicide charges. - RTRS.Earlier, in a statement in which Samarco reported the raid on its offices, the company said in it had collaborated with police since investigations began into the cause of the tragedy that left at least 17 dead and 800 homeless - RTRS.Mud surging from the dam devastated an entire neighborhood in Mariana and contaminated a river that supplies fresh water to a large area in Minas Gerais and the neighboring state of Esprit Santo. The tragedy is considered Brazil's worst-ever environmental disaster. - RTRS.The report of the police raid of the Samarco offices occurred a day after Minas Gerais state said the dam burst caused losses to municipalities estimated at 1.2 billion reais ($303 million), not considering environmental problems. - RTRS.The federal government is seeking up to 20 billion reais in indemnities - RTRS.  Full Article

BHP Billiton plc - Workers evacuated at Brazil's Samarco mine after new mudslide - Reuters
Wednesday, 27 Jan 2016 11:40am EST 

BHP Billiton plc:Brazilian miner Samarco Mineracao SA said on Wednesday it evacuated some workers after rain caused a mudslide at the site where an iron ore tailings damn burst in November, killing at least 17 people and leaving about 800 homeless. - RTRS.Samarco, a joint venture between miners Vale SA VALE5.SA and BHP Billiton BLT.L, said in a statement the mudslide involved residual mud left in the area devastated by the earlier dam burst - RTRS.There had been no need to sound a newly-installed siren to warn local residents, according to Samarco who said the mudslide had not left its property. - RTRS.  Full Article

BHP Billiton plc cutting 2.4 pct of workforce at Chile-based Escondida - Reuters
Wednesday, 27 Jan 2016 08:18am EST 

BHP Billiton plc:Chile's Escondida, the world's biggest copper mine, will implement a new round of personnel cuts, equal to 2.4 percent of its current workforce as prices for the red metal continue to linger near multi-year lows. - RTRS."Escondida is putting in place a plan to reduce the number of employees by 2.4 percent, which is equivalent to around 90 roles," a spokesman for Escondida's controller, global miner BHP Billiton BLT.L BHP.AX, told Reuters - RTRS."That was in response to the continued deterioration of the copper market, which has seen prices drop more than 30 percent over the last 12 months," the spokesman added - RTRS.  Full Article

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