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United States

BHP Billiton Ltd (BHP)

BHP on New York Consolidated

49.44USD
22 Jan 2018
Change (% chg)

$-0.21 (-0.42%)
Prev Close
$49.65
Open
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Volume
2,086,313
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Latest Key Developments (Source: Significant Developments)

BHP Posts Qtrly Iron Ore Mined (100 Pct Basis) Of 72 MT
Wednesday, 17 Jan 2018 04:27pm EST 

Jan 18 (Reuters) - BHP Ltd ::QTRLY PETRLOEUM PRODUCTION ‍48​ MMBOE VERSUS 51.4 MMBOE LAST YEAR.QTRLY TOTAL COPPER PRODUCTION ‍429​ KT VERSUS 357 KT LAST YEAR.QTRLY IRON ORE MINED (100% BASIS) 72 MT VERSUS 70 MT A YEAR AGO.‍ TOTAL PETROLEUM PRODUCTION GUIDANCE FOR 2018 FINANCIAL YEAR REMAINS UNCHANGED AT BETWEEN 180 AND 190 MMBOE​.COPPER GUIDANCE FOR 2018 FINANCIAL YEAR REMAINS UNCHANGED AT BETWEEN 1,655 AND 1,790 KT.​.GUIDANCE FOR 2018 FINANCIAL YEAR REMAINS UNCHANGED AT BETWEEN 239 AND 243 MT, OR BETWEEN 275 AND 280 MT ON A 100 PER CENT BASIS.‍PETROLEUM CAPITAL EXPENDITURE OF US$1.9 BILLION IS NOW PLANNED IN FY18, A REDUCTION FROM OUR PREVIOUS GUIDANCE OF US$2.0 BILLION​."WE ‍CONTINUE TO PROGRESS A NUMBER OF ALTERNATIVES TO DIVEST OUR ONSHORE US ASSETS FOR VALUE"​.HY ‍UNDERLYING EBIT EXPECTED TO INCLUDE IMPAIRMENT CHARGES, MOSTLY RELATED TO CONVEYORS AT ESCONDIDA, IN RANGE OF US$250 MILLION - US$350 MILLION​.‍"LONGER TERM, WE EXPECT US ATTRIBUTABLE PROFITS TO BE POSITIVELY IMPACTED BY LOWER US CORPORATE INCOME TAX RATE"​.FY ‍PRODUCTION GUIDANCE FOR METALLURGICAL COAL REDUCED TO BETWEEN 41 AND 43 MT​.OLYMPIC DAM COPPER OPERATIONS WILL CONTINUE TO RAMP-UP TO FULL CAPACITY IN THE MARCH 2018 QUARTER.‍EXPECT OLYMPIC DAM COPPER PRODUCTION TO INCREASE TO APPROXIMATELY 215 KT IN 2019 FINANCIAL YEAR​.OLYMPIC DAM COPPER PRODUCTION PRODUCTION GUIDANCE UNCHANGED AT 150 KT FOR THE 2018 FINANCIAL YEAR.  Full Article

BHP Selects Jacobs To Deliver Engineering Services For New Nickel Sulphate Facility
Tuesday, 16 Jan 2018 07:45am EST 

Jan 16 (Reuters) - Jacobs Engineering Group Inc ::BHP SELECTS JACOBS TO DELIVER ENGINEERING SERVICES FOR NEW NICKEL SULPHATE FACILITY.JACOBS ENGINEERING - AWARDED ENGINEERING SERVICES CONTRACT FROM BHP FOR NEW NICKEL SULPHATE FACILITY LOCATED AT CO'S KWINANA NICKEL REFINERY.  Full Article

Bhp Billiton ‍Agrees To Fund Up To US$181 Mln For Renova Foundation & Samarco Mineração
Thursday, 21 Dec 2017 04:38pm EST 

Dec 22 (Reuters) - Bhp Billiton Ltd ::‍AGREED TO FUND A TOTAL OF UP TO US$181 MILLION IN FINANCIAL SUPPORT FOR RENOVA FOUNDATION AND SAMARCO MINERAÇÃO S.A UNTIL 30 JUNE 2018​.AN AMOUNT OF US$48 MILLION WILL BE MADE AVAILABLE TO SAMARCO.AN AMOUNT OF US$133 MILLION WILL BE USED TO FUND RENOVA FOUNDATION TO UNDERTAKE REMEDIATION AND COMPENSATION PROGRAMS.  Full Article

Fugro And Cgg's Jointventure Seabed Geosolutions Awarded Two New Contracts
Wednesday, 20 Dec 2017 01:48am EST 

Dec 20 (Reuters) - Fugro and Seabed Geosolutions::.  Full Article

ACCC Says BHP And Esso To Separately Market Gippsland Basin Gas
Sunday, 17 Dec 2017 07:25pm EST 

Dec 18 (Reuters) - The Australian Competition & Consumer Commission::BHP AND ESSO TO SEPARATELY MARKET GIPPSLAND BASIN GAS.BHP & ESSO HAVE EACH COMMITTED TO CEASE JOINTLY NEGOTIATING & ENTERING INTO GAS SALES AGREEMENTS FOR SUPPLY OF GBJV GAS FROM JAN. 1, 2019.BHP AND ESSO’S MARKET POWER AS A SUPPLIER FOR GAS SUPPLY IN THE SOUTHERN STATES INCREASED SIGNIFICANTLY FROM 2010 TO 2015.BHP AND ESSO HAVE EACH PROVIDED THE ACCC WITH A COURT ENFORCEABLE UNDERTAKING THAT REQUIRES THEM TO SEPARATELY MARKET GBJV GAS FROM 1 JANUARY 2019.IN TRANSITION PERIOD, PARTIES WILL ONLY ENTER INTO NEW GAS SALES AGREEMENTS FOR SUPPLY OF GAS UP TO THE END OF DEC. 31, 2020.  Full Article

BHP Updates On Minerals Australia
Monday, 27 Nov 2017 04:29pm EST 

Nov 28 (Reuters) - BHP Billiton Ltd ::‍EXPECT AUSTRALIAN MINING OPERATIONS TO DELIVER US$1.6 BILLION OF ADDITIONAL PRODUCTIVITY GAINS OVER NEXT TWO YEARS​.FOR OLYMPIC DAM, ‍BFX OPTION COULD PROVIDE A CAPITAL EFFICIENT PATH TO INCREASED CAPACITY THROUGH ACCELERATED DEVELOPMENT INTO SOUTHERN MINE AREA​.UPDATES ON ‍BHP MINERALS AUSTRALIA OPERATIONS​.IF APPROVED, BFX OPTION COULD LIFT PRODUCTION CAPACITY TO 330 KTPA AND MOVE OLYMPIC DAM INTO FIRST QUARTILE OF COST CURVE​.  Full Article

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

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BHP second-quarter iron ore output up 3 percent, maintains forecast

Global miner BHP on Thursday reported a 3 percent rise in second-quarter iron ore production year over year and said it expects to meet its full-year target as prices for the steelmaking ingredient outperform forecasts.