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BHP Billiton PLC (BLT.L)

BLT.L on London Stock Exchange

23 Jun 2017
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Latest Key Developments (Source: Significant Developments)

Elliott Advisors sends letter to directors of BHP Billiton outlining "shareholder value unlock plan"
Monday, 10 Apr 2017 02:05am EDT 

BHP Billiton Ltd : Elliott Advisors - sends letter and presentation to directors of BHP Billiton outlining "shareholder value unlock plan" . Elliott Advisors - Elliott Funds, with some affiliates, hold long economic interest in respect of about 4.1% of issued share capital of BHP Billiton . Elliott Advisors - outlining three key steps including demerging and separately listing BHP's US petroleum business on NYSE . Elliott Advisors - outlined plan that could enable management to provide BHP shareholders with an increase in value attributable to their shareholdings .Elliott Advisors - outlined plan includes unifying BHP's dual-listed structure into single Australian-headquartered and Australian tax resident listed co.  Full Article

BRIEF-BHP says crews returning to work at Australia's Bowen basin ops
Monday, 3 Apr 2017 04:05am EDT 

Bhp Billiton Ltd : Update following cyclone debbie . At Queensland’s Bowen Basin, crews are returning to work at its coal mines. . Will seek to manage ongoing access to ports and shipments to customers. The hay point terminal is ready to receive coal. . Continue to monitor and work through the impacts to production. Will provide updates over coming weeks and detail in operational review Further company coverage: [BHP.AX] (Bengaluru Newsroom: +91 80 6749 1136) Keywords: (CORRECTED).  Full Article

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

More From Around the Web

RPT-COLUMN-BHP's new chairman has choice between exciting and boring: Russell

LAUNCESTON, Australia, June 19 There has been no shortage of advice doled out to incoming BHP Billiton chairman Ken MacKenzie on how to boost the world's largest mining company, but ultimately his role comes down to a fairly straightforward choice.