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BHP Billiton PLC (BLT.L)

BLT.L on London Stock Exchange

1,434.00GBp
18 Dec 2017
Change (% chg)

14.50 (+1.02%)
Prev Close
1,419.50
Open
1,424.00
Day's High
1,437.00
Day's Low
1,419.50
Volume
5,916,025
Avg. Vol
8,742,058
52-wk High
1,518.50
52-wk Low
1,103.00

Latest Key Developments (Source: Significant Developments)

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

Mitchell Services announces extension of BHP Olympic Dam contract
Tuesday, 5 Sep 2017 

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

BHP says Elliott owns 5.04 pct stake in co
Friday, 18 Aug 2017 

Aug 18 (Reuters) - Bhp Billiton Ltd ::Elliott Capital Advisors, L.P. acquires 5.04 percent stake in co.  Full Article

BHP Billiton ‍approves investment to extend life of Chile's Spence mine​
Thursday, 17 Aug 2017 

Aug 17 (Reuters) - BHP BILLITON PLC ::‍APPROVES INVESTMENT TO EXTEND LIFE OF SPENCE COPPER MINE​.‍APPROVAL OF CAPITAL EXPENDITURE OF US$2.46 BILLION FOR SPENCE GROWTH OPTION (SGO) AT SPENCE OPEN-CUT COPPER MINE IN NORTHERN CHILE​.‍PLAN WILL EXTEND MINE LIFE BY MORE THAN 50 YEARS​.‍IN FIRST 10 YEARS OF OPERATION, INCREMENTAL PRODUCTION FROM SGO WILL BE ABOUT 185 KTPA OF PAYABLE COPPER IN CONCENTRATE, 4 KTPA OF PAYABLE MOLYBDENUM​.‍SGO AT MID-CASE CONSENSUS PRICES, HAS AN EXPECTED INTERNAL RATE OF RETURN OF 16 PERCENT, PAYBACK PERIOD OF 4.5 YEARS FROM FIRST PRODUCTION​.  Full Article

Ethical investors tightening screws on emerging-market debt issuers

LONDON, Dec 18 For years, the Brazilian mining conglomerate Vale was a darling of emerging market investors, who were happy to ignore the company's poor record on environmental and social issues because of the high yields its bonds paid.