Edition:
India

BHP Group PLC (BHPB.L)

BHPB.L on London Stock Exchange

1,869.40GBp
18 Apr 2019
Change (% chg)

8.40 (+0.45%)
Prev Close
1,861.00
Open
1,857.80
Day's High
1,875.80
Day's Low
1,847.00
Volume
4,987,120
Avg. Vol
6,401,728
52-wk High
1,955.40
52-wk Low
1,460.00

Latest Key Developments (Source: Significant Developments)

BHP Mitsubishi Alliance JV, Mitsubishi Development Completes Gregory Crinum Mine Sale
Wednesday, 27 Mar 2019 

March 27 (Reuters) - BHP Group Ltd ::BHP GROUP - BHP MITSUBISHI ALLIANCE JV PARTNERS BHP AND MITSUBISHI DEVELOPMENT CONFIRM COMPLETION OF SALE OF GREGORY CRINUM MINE FOR A$100 MILLION.  Full Article

Luminex Signs $82 Mln Non-Binding LOI With BHP
Tuesday, 19 Mar 2019 

March 19 (Reuters) - Luminex Resources Corp ::LUMINEX BRINGS IN THIRD WORLD CLASS VENTURE PARTNER, SIGNS US$82M NON-BINDING LOI WITH BHP.LUMINEX RESOURCES - ENTERED NON-BINDING LOI FOR EARN-IN & JV WITH UNIT OF BHP GROUP PLC ON CO'S TARQUI 1 & 2 MINING CONCESSIONS IN ECUADOR.LUMINEX RESOURCES - BHP TO HAVE RIGHT TO EARN UPTO 70% OWNERSHIP INTEREST IN PROPERTY BY INVESTING US$75 MILLION & MAKING US$7 MILLION OF CASH PAYMENTS TO CO.  Full Article

BHP Group PLC Sees Capex To Be Less Than $8 Billion Per Annum To FY20
Monday, 25 Feb 2019 

Feb 25 (Reuters) - BHP Group PLC ::BHP GROUP PLC SAYS US$10-15 BN NET DEBT RANGE TO BE MAINTAINED - PRESENTATION.BHP GROUP PLC SEES CAPEX TO BE LESS THAN $8 BILLION PER ANNUM TO FY20.  Full Article

BHP Group Approves $696 Mln In Funding To Develop Atlantis Phase 3 Project In US Gulf Of Mexico
Wednesday, 13 Feb 2019 

Feb 13 (Reuters) - BHP Group Ltd ::APPROVED US$696 MILLION IN FUNDING TO DEVELOP ATLANTIS PHASE 3 PROJECT IN US GULF OF MEXICO.BHP APPROVES FUNDING FOR ADDITIONAL TRION APPRAISAL WELL.FIRST PRODUCTION IS EXPECTED IN 2020 CALENDAR YEAR AND IS ESTIMATED TO INCREASE PRODUCTION BY 38,000 BARRELS OF OIL EQUIVALENT PER DAY.APPROVED US$256 MLN IN FUNDING TO DRILL AN ADDITIONAL APPRAISAL WELL (3DEL) AND PERFORM FURTHER STUDIES IN TRION FIELD IN MEXICO.BHP HOLDS A 44 PER CENT INTEREST IN ATLANTIS FIELD, BP HOLDS A 56 PER CENT INTEREST.3DEL APPRAISAL WELL IS EXPECTED TO BE DRILLED IN SECOND HALF OF 2019 CALENDAR YEAR.  Full Article

Serica Energy To Buy Further Stake In 2 UK North Sea Fields
Monday, 5 Nov 2018 

Nov 5 (Reuters) - SERICA ENERGY::SIGNED SALE AND PURCHASE AGREEMENT TO ACQUIRE FURTHER INTERESTS IN BRUCE AND KEITH FIELDS, ASSOCIATED INFRASTRUCTURE IN UK NORTH SEA.SERICA UK TO BUY 16 PERCENT STAKE IN BRUCE FIELD, 31.83% INTEREST IN KEITH FIELD FROM BHP BILLITON PETROLEUM GREAT BRITAIN.TRANSACTION IS EXPECTED TO BE IMMEDIATELY CASH FLOW AND VALUE ACCRETIVE FOLLOWING COMPLETION.INITIAL CASH CONSIDERATION IS £1 MILLION, TO BE ADJUSTED FOR WORKING CAPITAL AND 40% OF POST-TAX CASHFLOWS FROM EFFECTIVE DATE OF JAN 1.  Full Article

BHP Billiton Says Wayne Murdy Retires As Independent Non-Executive Director
Monday, 5 Nov 2018 

Nov 5 (Reuters) - BHP Billiton Ltd ::WAYNE MURDY RETIRED AS AN INDEPENDENT NON-EXECUTIVE DIRECTOR OF BHP BILLITON LIMITED & BHP BILLITON PLC ON 2 NOVEMBER 2018.  Full Article

BHP Billiton Ltd FY Underlying Attributable Profit $8,933 Mln
Tuesday, 21 Aug 2018 

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
Wednesday, 4 Apr 2018 

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
Tuesday, 27 Mar 2018 

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 

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

Australia wins appeal against BHP over tax owed by marketing arm

MELBOURNE, Jan 29 Australia's federal court ruled against BHP Group Ltd on Tuesday over whether the global miner should pay tax in Australia on profits made by its marketing arm on the sale of commodities owned by the company's UK side, BHP Group Plc.