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BHP Billiton Ltd (BHP.AX)

BHP.AX on Australia Stock Exchange

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Latest Key Developments (Source: Significant Developments)

BHP enters amendment agreement with federal prosecutors in Brazil​ regarding Samarco dam failure
Monday, 20 Nov 2017 05:42pm EST 

Nov 21 (Reuters) - BHP Billiton Ltd :Samarco , Vale S.A. (Vale) and BHP Brasil, have entered into an agreement (amendment agreement) with Federal Prosecutors' Office in Brazil​.‍Amendment agreement amends preliminary agreement entered into on 18 january 2017 in relation to Samarco dam failure​.Preliminary agreement suspends a BRL 1.2 billion injunction order under BRL 20 billion public civil claim and requests suspension of that claim.Preliminary agreement outlines process and timeline for negotiation of a settlement of BRL 155 billion and BRL 20 billion public civil claims​.‍BRL 155 billion public civil claim is also suspended, including BRL 7.7 billion (approximately US$2.4 billion) injunction requested by federal prosecutors​.‍Amendment agreement provides for state prosecutors to become a party to preliminary agreement​.Samarco, Vale, BHP Brasil, Federal prosecutors also requested additional 150 days, ending on 20 April 2018, for parties to continue negotiations​.  Full Article

BHP Billiton says "long-term view for markets remains positive"
Wednesday, 15 Nov 2017 04:56pm EST 

Nov 16 (Reuters) - Bhp Billiton Ltd ::"After a period of weak prices, several of our commodities are currently trading above longterm price forecasts"‍​."Our long-term view for markets remains positive"‍​."Last month’s chinese communist party congress confirmed our view of the chinese economy"."(China's) housing and automotive demand will weaken. Infrastructure will remain strong, reinforced by the belt and road initiative"‍​.Efficiency of China's industry, especially steel, to result in high premiums for co's iron ore, coal & copper concentrate.  Full Article

BHP Billiton updates on settlement agreements regarding Samarco dam failure
Monday, 30 Oct 2017 06:44pm EDT 

Oct 31 (Reuters) - BHP Billiton Ltd :‍Entered into a preliminary agreement with federal prosecutors' office in Brazil in relation to Samarco dam failure​.‍Preliminary agreement suspends a BRL 1.2 billion injunction order under BRL 20 billion public civil claim​.‍12th court approved extension of date for negotiation of settlement arrangements.On 30 Oct court approved extension of date for negotiation of settlement arrangements and amendment to preliminary agreement​.‍Extension allows for continuation of interim security arrangements provided to court on 24 Jan 2017​.  Full Article

Cimic Group says Thiess awarded $440 mln BMA mining services contracts
Tuesday, 24 Oct 2017 09:20pm EDT 

Oct 25 (Reuters) - Cimic Group Ltd ::Cimics Thiess awarded $440m BMA mining services contracts.‍Thiess, secured 2 contracts with combined revenue of $440 million to provide mining services at Caval Ridge and Peak Downs coal mines​.  Full Article

BHP sees growth in China to ease modestly over short-term - CEO​
Thursday, 19 Oct 2017 06:49am EDT 

Oct 19 (Reuters) - Bhp Billiton Ltd::‍EXPECT GROWTH IN CHINA TO EASE MODESTLY OVER SHORT-TERM, AS MONETARY POLICY TIGHTENS AND HOUSING AND AUTOMOTIVE MARKETS SOFTEN - CEO​.  Full Article

BHP Billiton appoints ‍Malcolm Broomhead as chairman of sustainability committee
Wednesday, 18 Oct 2017 05:30pm EDT 

Oct 19 (Reuters) - BHP Billiton Ltd :‍Malcolm Broomhead has been appointed as chairman of sustainability committee from 19 October 2017​.  Full Article

BHP says qtrly total petroleum production​ down 8 pct
Tuesday, 17 Oct 2017 05:23pm EDT 

Oct 18 (Reuters) - BHP Billiton Ltd ::‍Total petroleum production for September 2017 quarter decreased by eight percent to 50 mmboe​.‍Total iron ore production for September 2017 quarter decreased by three percent to 56 mt, or 64 mt on a 100 percent basis​.All production and unit cost guidance remains unchanged for 2018 financial year​.Total copper production for September 2017 quarter increased by 14 per cent to 404 kt​.Petroleum capital expenditure of approximately US$2.0 billion is planned in 2018 financial year​."Onshore U.S. capital expenditure is expected to be approximately US$1.2 billion reflecting increased development activity".Divestment of small portion of Hawkville acreage was completed during quarter; work underway to exit remaining onshore U.S. assets for value​​.  Full Article

Transocean announces two-year contract for ultra-deepwater drillship Deepwater Invictus
Tuesday, 17 Oct 2017 04:19pm EDT 

Oct 18 (Reuters) - Transocean Ltd :Transocean Ltd announces two-year contract for ultra-deepwater drillship Deepwater Invictus.Transocean Ltd - ‍contract is expected to commence in Q2 of 2018​.Transocean Ltd - ‍backlog associated with firm contract is approximately $106 million​.Transocean Ltd -‍ ultra-deepwater drillship deepwater invictus awarded 2-year contract plus three one-year priced options with a subsidiary of bhp billiton​.  Full Article

BHP recommends shareholders vote against resolution on climate change and energy policy
Tuesday, 19 Sep 2017 02:46am EDT 

Sept 19 (Reuters) - BHP Billiton Ltd :"Board is recommending that shareholders vote against both of resolutions".Refers to resolutions ‍under section 249n of corporations act for consideration at AGM​.Resolution 1 being special resolution to amend company's constitution.Resolution 2 is ordinary resolution on public policy advocacy on climate change and energy.  Full Article

Mitchell Services announces extension of BHP Olympic Dam contract
Monday, 4 Sep 2017 06:29pm EDT 

Sept 5 (Reuters) - Mitchell Services Ltd :Announces extension of BHP Olympic Dam contract under agreed contract variation.Announces contract expiry extended to April 2019.Under varied terms, co will provide up to 7 underground rigs & will play integral part in BHP's plans to expand into high-grade southern area of mine.  Full Article

Australian shares tick up on materials, oil; NZ flat

Nov 22 Australian shares ticked up on Wednesday, with rising prices for oil and metals supporting the energy and materials indexes.