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BHP Billiton PLC (BLT.L)

BLT.L on London Stock Exchange

1,678.00GBp
21 Sep 2018
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8,248,970
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1,803.60
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1,292.50

Latest Key Developments (Source: Significant Developments)

BHP Billiton Ltd FY Underlying Attributable Profit $8,933 Mln
Monday, 20 Aug 2018 06:15pm EDT 

Aug 21 (Reuters) - BHP Billiton Ltd ::FY NET PROFIT $3,705 MILLION VERSUS $5,890 MILLION.FY UNDERLYING ATTRIBUTABLE PROFIT $8,933 MILLION VERSUS $6,732 MILLION.FINAL DIVIDEND OF US63 CENTS PER SHARE.FY TOTAL REVENUE UP 20 PCT TO $45,809 MILLION.CAPITAL AND EXPLORATION EXPENDITURE GUIDANCE UNCHANGED AT BELOW US$8 BILLION PER ANNUM FOR THE 2019 AND 2020 FINANCIAL YEARS.AS AT JUNE 30, NET DEBT OF US$10.9 BILLION.PRODUCTIVITY GAINS OF APPROXIMATELY US$1 BILLION ARE NOW EXPECTED FOR THE 2019 FINANCIAL YEAR.UNIT COST GUIDANCE FOR THE 2019 FINANCIAL YEAR IS EXPECTED TO BE LESS THAN US$11 PER BARREL.IN SHORT TERM, SUPPLY GROWTH FROM SEABORNE HIGH-QUALITY IRON ORE SUPPLIERS, AMPLE INVENTORIES AT CHINESE PORTS TO PUT CAP ON BENCHMARK PRICES.ESCONDIDA UNIT COST GUIDANCE FOR 2019 FY IS EXPECTED TO INCREASE TO LESS THAN US$1.15 PER POUND.US$0.9 BILLION EXPLORATION PROGRAM PLANNED FOR 2019 FY AND INCLUDES PETROLEUM EXPLORATION AND APPRAISAL EXPENDITURE OF US$750 MILLION.NET DEBT IN LOWER HALF OF TARGET RANGE AND INVESTMENT PLANS ON TRACK FOR FY19.EXPECT TO RETURN NET PROCEEDS TO SHAREHOLDERS FROM ONSHORE US SALE ANNOUNCED FOR US$10.8 BLN .CONTINUE TO EXPECT CHINA'S ECONOMIC GROWTH TO SLOW MODESTLY IN 2018 CALENDAR YEAR.POTASH INDUSTRY IS NAVIGATING A PERIOD OF EXCESS CAPACITY BETTER THAN EXPECTED.EXPECT POTASH ANNUAL DEMAND GROWTH OF BETWEEN 2 AND 3 PER CENT OVER NEXT DECADE, RESULTING IN DEMAND OUTSTRIPPING SUPPLY BY MID-TO-LATE 2020S.  Full Article

Alliance Aviation Services Extends Contract For Air Charter Services To BHP's Pilbara Mine Sites
Tuesday, 3 Apr 2018 06:23pm EDT 

April 4 (Reuters) - Alliance Aviation Services Ltd ::EXTENDS CONTRACT FOR AIR CHARTER SERVICES TO BHP IRON ORE'S PILBARA MINE SITES.‍EXTENSION OF CONTRACTED FLYING UNTIL 2019​.  Full Article

BHP Confirms It Has Introduced A Dividend Reinvestment Plan
Monday, 26 Mar 2018 05:30pm EDT 

March 27 (Reuters) - BHP Billiton Ltd ::IT HAS INTRODUCED A DIVIDEND REINVESTMENT PLAN.IT IS ANTICIPATED THAT DRP WILL OPERATE FOR FY2018 FINAL DIVIDEND..  Full Article

BHP Billiton Posts HY Underlying Attributable Profit Of $4.05 Bln
Tuesday, 20 Feb 2018 12:30am EST 

Feb 20 (Reuters) - BHP Billiton Ltd ::INTERIM DIVIDEND OF ‍55​ US CENTS PER SHARE.HY UNDERLYING ATTRIBUTABLE PROFIT $4,053 MILLION VERSUS $3,244 MILLION.HY ‍REVENUE UP 16% TO $21,779 MILLION​.HY NET PROFIT $2,015‍​ MILLION VERSUS $3,204 MILLION.‍CAPITAL AND EXPLORATION EXPENDITURE GUIDANCE IS UNCHANGED AT US$6.9 BILLION FOR 2018 FINANCIAL YEAR​.NET DEBT AS AT DEC. 31 $‍15.4​ BILLION.REMAIN ON TRACK TO DELIVER PRODUCTIVITY GAINS OF US$2 BILLION OVER TWO YEARS TO END OF 2019 FINANCIAL YEAR.‍"WE EXPECT CAPITAL AND EXPLORATION EXPENDITURE TO REMAIN BELOW US$8 BILLION PER ANNUM IN 2019 AND 2020 FINANCIAL YEARS"​.FULL YEAR UNIT COST GUIDANCE REMAINS UNCHANGED FOR PETROLEUM, COPPER, IRON ORE AND ENERGY COAL‍​.‍CHINA'S ECONOMIC GROWTH IS EXPECTED TO SLOW MODESTLY IN 2018 CALENDAR YEAR​.‍"OVER NEXT FEW YEARS, GLOBAL COPPER MARKET IS EXPECTED TO REMAIN FINELY BALANCED AND VULNERABLE TO SUPPLY SHOCKS"​."CURRENTLY CONSIDER THE COSTS AND RISKS OF COLLAPSING THE DUAL LISTED CO STRUCTURE OUTWEIGH THE POTENTIAL BENEFITS‍​".‍"WE ARE ON TRACK TO REACH OUR NET DEBT RANGE OF US$10 TO US$15 BILLION BEFORE YEAR-END".‍U.S. ECONOMY SHOULD SEE A NEAR-TERM BOOST TO GROWTH WITH PASSING OF U.S.TAX CUTS AND JOBS ACT.ADJUSTED EFFECTIVE TAX RATE IS NOW EXPECTED TO BE IN THE RANGE OF 30 TO 35 PER CENT FOR THE 2018 FINANCIAL YEAR.CONTINUES TO EXPLORE POTENTIAL ASSET SWAP OPPORTUNITIES AND EXIT VIA DEMERGER OR INITIAL PUBLIC OFFERING FOR ONSHORE U.S. ASSETS.  Full Article

BHP Billiton Sees $1.8 Bln Charge From U.S. Tax Reform
Tuesday, 13 Feb 2018 01:00am EST 

Feb 13 (Reuters) - Bhp Billiton Ltd ::‍"US TAX REFORM WILL HAVE A POSITIVE IMPACT ON GROUP'S US ATTRIBUTABLE PROFITS IN LONGER TERM MAINLY DUE TO LOWER CORPORATE TAX RATE"​.‍"EXPECTS TO RECOGNISE AN INCOME TAX EXPENSE OF US$1.8 BILLION WHICH WILL BE TREATED AS AN EXCEPTIONAL ITEM​".  Full Article

Activist Elliott Pushes BHP To Seek Independent Review Of Its Listing Structure
Monday, 5 Feb 2018 06:32am EST 

Feb 5 (Reuters) - ELLIOTT::CALLED ON BHP CHAIRMAN AND BOARD TO PUBLICLY COMMIT - BY FEB 20 – TO UNDERTAKE A FULL, INDEPENDENT AND TRANSPARENT REVIEW OF UNIFICATION AT BHP‍​.UNIFICATION AT BHP WOULD DELIVER IN EXCESS OF US$22 BILLION OF SHAREHOLDER VALUE – INDEPENDENT REPORT BY FTI CONSULTING.FTI CONSULTING REPORT, PUBLISHED TODAY ALONG WITH THE LETTER, WAS COMMISSIONED BY ELLIOTT IN ORDER TO MOVE THE ISSUE FORWARD.FTI REPORT FOUND COST WOULD BE ONLY C. US$391 MILLION, PRESERVE BHP'S ABILITY TO USE PLC'S CARRY-FORWARD TAX LOSS ASSETS AFTER UNIFICATION.FTI REPORT FOUND UNIFICATION WOULD PROVIDE BHP WITH VALUABLE STRATEGIC OPTIONALITY AND FLEXIBILITY.  Full Article

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

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

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China's top iron ore trading platform eyes record volumes on robust steel output

DALIAN, China Volumes at China's biggest physical iron ore trading platform may hit record levels this year, with demand for the steelmkaing raw material pushed up as steel output has been strong despite pollution-linked curbs, its president said.