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BHP Billiton PLC (BLT.L)

BLT.L on London Stock Exchange

28 Oct 2016
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Latest Key Developments (Source: Significant Developments)

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

BHP Billiton PLC maintains FY 2016 production guidance
Wednesday, 20 Jan 2016 02:00am EST 

BHP Billiton PLC:Says FY 2016 production guidance maintained for petroleum, copper and coal.  Full Article

BHP Billiton plc - Arsenic and mercury found in river days after Brazil dam burst - Reuters
Thursday, 26 Nov 2015 09:07am EST 

BHP Billiton plc:Illegal levels of arsenic and mercury polluted the Rio Doce river in the days after a dam burst at an iron ore mine in early November in Brazil's worst-ever environmental disaster, according to tests by a state water agency - RTRS.The Institute for Water Management in Minas Gerais (IGAM), found arsenic levels more than ten times above the legal limit in one place along the Rio Doce after the dam burst on Nov. 5, killing at least 13 people and flooding thick mud across two states - RTRS.Mercury slightly above the permitted level was also found in one area - RTRS.In total, IGAM found unacceptable levels of arsenic on one or more days between Nov. 7 and Nov. 12 at seven places on the Rio Doce, which stretches over 800 km (500 miles) from the mineral-rich state of Minas Gerais to Espirito Santo on the Atlantic coast - RTRS.The report, dated Nov. 17 but only released on IGAM's website on Tuesday after pressure from prosecutors, appears to contradict claims by the companies responsible for the mine - RTRS.Samarco, the mine operator, and its co-owners, BHP Billiton PLC BLT.L and Vale SA VALE5.SA, have repeatedly said the water and mineral waste unleashed by the dam burst are not toxic - RTRS.Leonardo Castro Maia, a prosecutor in the city of Governador Valadares, which had its water supply cut off by the mud, told Reuters he had been pushing IGAM to publish its findings on its website. After a delay, he said the agency had complied - RTRS.  Full Article

BHP Billiton plc - Mud from Brazil dam burst is toxic, UN says - Reuters
Wednesday, 25 Nov 2015 08:42pm EST 

BHP Billiton plc:Mud from a dam that burst at an iron ore mine in Brazil earlier this month, killing 12 people and polluting an important river, is toxic, the United Nations' human rights agency said on Wednesday - RTRS.The statement contradicts claims by Samarco, the mine operator at the site of the rupture, and Samarco's co-owner, BHP Billiton, that the water and mineral waste contained by the dam are not toxic - RTRS.Citing "new evidence," the UN's Office of the High Commissioner for Human Rights said in a statement the residue "contained high levels of toxic heavy metals and other toxic chemicals" - RTRS.The agency did not identify the studies that were the basis for the evidence or say who conducted them, and a spokesman in Geneva was not immediately available for comment - RTRS.Biologists have been shocked by the impact of the burst dam, which Brazil's government has called the country's worst-ever environmental disaster - RTRS.The mud has killed thousands of fish as it flows through the Rio Doce, the river which connects the mineral-rich state of Minas Gerais with Espirito Santo on the Atlantic coast - RTRS.The huge volume of sediment in the water is the same factor that has overwhelmed water treatment plants along the Rio Doce and led Samarco to supply 100 million litres of drinking water and mineral water to towns along the river - RTRS.  Full Article

BHP Billiton plc - Vale SA workers fear for safety after Brazil's Samarco disaster - Reuters
Thursday, 19 Nov 2015 02:45pm EST 

BHP Billiton plc:Workers at Brazilian iron ore miner Vale SA fear for their safety after the Samarco dam burst in the town of Mariana, where the company was reducing the number of employees because of weak ore prices, despite its push for output and complaints about safety - RTRS.A tailings dam at Samarco, a joint iron ore venture of mining majors BHP Billiton and Vale SA , unleashed 40 million cubic meters of mud on the valley below on Nov. 5, killing 11 people with 12 still missing - RTRS.For Ronilton Condessa, secretary of the Metabase labor union in Mariana, where Samarco is the main employer, in Minas Gerais state's iron belt, the dam's collapse is evidence of the risks the company is taking with its people. - RTRS."Now I feel that 100 percent of the workers at Vale are not safe on the job, and the main reason is that they knew the risk but thought it wouldn't happen," Condessa said - RTRS.He told Reuters that nearly 400 mine workers were dismissed in 2015 from Vale's mining complex of Mariana, even as it squeezed more productivity from the workforce to offset the drop in revenue from iron ore sales to the global steel industry - RTRS.  Full Article

BHP Billiton plc - Brazil prosecutors say Samarco agreed to pay 1 bln reais for dam disaster - Reuters
Monday, 16 Nov 2015 12:37pm EST 

BHP Billiton plc:Brazilian state and federal prosecutors said on Monday that Samarco has agreed to pay a preliminary 1 billion reais ($262 million) to cover the cleanup costs and compensation after a dam burst at its mine earlier this month - RTRS.Samarco is a joint venture between Vale SA and BHP Billiton - RTRS.  Full Article

UPDATE 1-Brazil's Vale says Samarco future reliant on its infrastructure

BRASILIA, Oct 27 Samarco, the troubled joint venture between Vale SA and BHP Billiton, will need to use infrastructure from Vale's neighboring mines if it wants to secure a long-term future, Vale's chief executive said on Thursday.