May 06, 2015 BHP Billiton shareholders have approved the demerger of South32, with the demerger resolution achieving 98.05 per cent in favour. The simultaneous shareholder general meetings took place in Perth and London to approve the demerger of South32 from BHP Billiton. BHP Billiton Chairman, Jac Nasser, welcomed the overwhelming support by shareholders of the
December 08, 2014 BHP Billiton today announced that the new company it intends to create through its proposed demerger will be called South32. The majority of South32’s selected assets are located in the southern hemisphere with its two regional centres – Australia and South Africa – linked by the thirty-second parallel south line of latitude.