Edition:
India

BHP Billiton PLC (BLT.L)

BLT.L on London Stock Exchange

1,738.00GBp
18 May 2018
Change (% chg)

-11.60 (-0.66%)
Prev Close
1,749.60
Open
1,745.00
Day's High
1,750.60
Day's Low
1,718.00
Volume
7,456,935
Avg. Vol
8,578,736
52-wk High
1,761.40
52-wk Low
1,121.50

Latest Key Developments (Source: Significant Developments)

BHP CEO Says U.S. Onshore Exit Making Good Progress
Tuesday, 15 May 2018 

May 15 (Reuters) - BHP Plc ::CEO MACKENZIE SAYS CO IS MAKING GOOD PROGRESS WITH EXIT FROM ITS ONSHORE US BUSINESS.  Full Article

BHP Says FY Iron Ore Production Guidance Reduced To Between 272 And 274 Mt
Thursday, 19 Apr 2018 

April 19 (Reuters) - BHP Billiton Ltd ::QTRLY IRON ORE MINED (100 PCT BASIS) 67 MT VERSUS 62 MT A YEAR AGO.QTRLY PETRLOEUM PRODUCTION 45 MMBOE VERSUS 50.6 MMBOE LAST YEAR.QTRLY TOTAL COPPER PRODUCTION 457 KT VERSUS 227 KT LAST YEAR.PETROLEUM GUIDANCE FOR 2018 FINANCIAL YEAR REMAINS UNCHANGED AT BETWEEN 180 AND 190 MMBOE.FY IRON ORE PRODUCTION GUIDANCE REDUCED TO BETWEEN 272 AND 274 MT (100 PCT BASIS) REFLECTING CAR DUMPER RELIABILITY ISSUES.COPPER GUIDANCE FOR 2018 FINANCIAL YEAR NARROWED TO BETWEEN 1,700 AND 1,785 KT FROM BETWEEN 1,655 AND 1,790 KT.PETROLEUM CAPITAL EXPENDITURE GUIDANCE REMAINS UNCHANGED AT ABOUT US$1.9 BILLION FOR 2018 FINANCIAL YEAR.GROUP COPPER EQUIVALENT PRODUCTION IS EXPECTED TO INCREASE BY 6 PCT IN 2018 FINANCIAL YEAR.OLYMPIC DAM PRODUCTION GUIDANCE FOR 2018 REDUCED FROM 150 KT TO ABOUT 135 KT.EXIT PROCESS FOR ONSHORE US IS PROGRESSING TO PLAN, BIDS EXPECTED BY JUNE 2018 & TRANSACTIONS POTENTIALLY TO BE ANNOUNCED IN H1 2019.  Full Article

BHP Selects Jacobs To Deliver Engineering Services For New Nickel Sulphate Facility
Tuesday, 16 Jan 2018 

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
Monday, 18 Dec 2017 

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
Tuesday, 28 Nov 2017 

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 Billiton says "long-term view for markets remains positive"
Thursday, 16 Nov 2017 

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 sees growth in China to ease modestly over short-term - CEO​
Thursday, 19 Oct 2017 

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
Thursday, 19 Oct 2017 

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
Wednesday, 18 Oct 2017 

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
Wednesday, 18 Oct 2017 

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

UPDATE 1-UK Stocks-Factors to watch on May 4

May 4 Britain's FTSE 100 index is seen opening 29 points higher on Friday, according to financial bookmakers, with futures up 0.4 percent ahead of the cash market open.