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BHP Billiton today announced an extension of its long term joint venture relationship with ITOCHU Corporation (ITOCHU) and Mitsui & Co., Ltd. (Mitsui). Under the terms of the agreement, ITOCHU and Mitsui will invest approximately US$0.8 billion and US$0.7 billion respectively in shares and loans of BHP Iron Ore (Jimblebar) Pty Ltd, representing an eight …
BHP Billiton has signed a definitive agreement to sell its Pinto Valley mining operation (Pinto Valley) and the associated San Manuel Arizona Railroad Company (SMARRCO) to Capstone Mining Corp. (Capstone) for an aggregate cash consideration of US$650 million. The transaction is subject to regulatory approval, and other customary conditions, and is expected to be completed …
BHP Billiton has priced a Euro bond under its Euro Medium Term Note Programme. The Euro bond issue comprises EUR750 million 3.125% bonds due 2033. The proceeds will be used for the refinancing of current debt maturities. This announcement does not constitute an offer of securities for sale in the United States, Canada, Japan, Australia …
BHP Billiton has completed the sale of its diamonds business, comprising its interests in the EKATI Diamond Mine and Diamonds Marketing operations, to Dominion Diamond Corporation (formerly Harry Winston Diamond Corporation). The purchase price was US$500 million plus purchase price adjustments of US$53 million for a total amount paid of US$553 million. The sale of …
The Board of BHP Billiton today announced that Marius Kloppers will retire as Chief Executive Officer and a Director of the company on 10 May 2013 and that Andrew Mackenzie, will succeed him and join the Board on that date. Marius will retire from the Group on 1 October 2013. Andrew, 56, is BHP Billiton’s …
February 01, 2013 BHP Billiton has donated US$500,000 to the Mozambique Red Cross to assist with humanitarian disaster relief following the recent floods in Mozambique. The donation will be made by BHP Billiton Sustainable Communities and the Company will match additional contributions made by employees. BHP Billiton CEO Marius Kloppers said, “BHP Billiton is committed …
BHP Billiton has donated A$1 million to the Red Cross Queensland Flood Appeal to assist communities affected by the recent floods. The contribution will be donated from the BHP Billiton Sustainable Communities fund and matches the Queensland Government’s A$1 million contribution. BHP Billiton CEO Marius Kloppers said, “BHP Billiton has a long and proud history …
Just when the Indian steel industry was beginning to pat itself on the back, having secured the steepest growth rate in the world, it has been slapped into mourning by a devastating piece of news. Queensland floods have forced Xstrara to declare force majeure. Considering the fact that Queensland produces about two thirds of the …
BHP Billiton today announced approval for a US$520 million (BHP Billiton share) investment in the Longford Gas Conditioning Plant (LGCP) Project as part of the Gippsland Basin Joint Venture located in Victoria, Australia. The LGCP will add carbon dioxide (CO2) removal capacity to the Longford Gas Plant which is necessary to condition production from the …
December 12, 2012 BHP Billiton has signed a definitive agreement with PetroChina International Investment (Australia) Pty Ltd to sell its 8.33 per cent interest in the East Browse Joint Venture and 20 per cent interest in the West Browse Joint Venture, located offshore Western Australia, for a cash consideration of US$1.63 billion. The transaction is …