BHP

BHP, formerly known as BHP Billiton, is the trading entity of BHP Group Limited and BHP Group plc, an Anglo-Australian multinational mining, metals and petroleum dual-listed public company headquartered in Melbourne, Victoria, Australia.

This article is about the company. For the unit of measurement, see Brake horsepower. For other uses, see Bhp.
"Billiton" redirects here. For the Indonesian island formerly known as Billiton, see Belitung.

BHP Group plc / BHP Group Limited
TypeDual-listed public company
LSE: BLT
NYSE: BHP
NYSE: BBL
ASX: BHP
JSE: BIL
S&P/ASX 200 Component
FTSE 100 Component
ISINGB00BH0P3Z91 
IndustryMetals and Mining
FoundedBroken Hill Proprietary Company Limited (BHP) 1885;
Billiton plc 1860;
Merger of BHP and Billiton, 2001 (creation of a DLC)
HeadquartersMelbourne, Australia
(BHP Billiton Limited)
London, United Kingdom
(BHP Billiton plc)[1]
Area served
Worldwide
Key people
ProductsIron ore, coal, petroleum, copper, natural gas, nickel & uranium
RevenueUS$44.288 billion (2019)[2]
US$16.113 billion (2019)[2]
US$9.185 billion (2019)[2]
Total assetsUS$100.861 billion (2019)[2]
Total equityUS$47.240 billion (2019)[2]
Number of employees
72,000 (2020)[3]
Websitewww.bhp.com
The former BHP Billiton logo

The Broken Hill Proprietary Company was founded on 16 July 1885 in the mining town of Silverton, New South Wales.[4] By 2017, BHP was the world's largest mining company, based on market capitalisation,[5][6] and was Melbourne's third-largest company by revenue.[7]

BHP Billiton was formed in 2001 through the merger of the Australian Broken Hill Proprietary Company Limited (BHP) and the Anglo–Dutch Billiton plc,[8] forming a dual-listed company. The Australia-registered Limited has a primary listing on the Australian Securities Exchange and is one of the largest companies in Australia by market capitalisation. The English-registered plc arm has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index.

In 2015, some BHP Billiton assets were demerged and rebranded as South32, while a scaled-down BHP Billiton became BHP. In 2018, BHP Billiton Limited and BHP Billiton Plc became BHP Group Limited and BHP Group Plc, respectively. In the 2020 Forbes Global 2000, BHP Group was ranked as the 93rd-largest public company in the world.[9]

Taking into account its scope 3 greenhouse gas emissions, meaning emissions caused by the public and other companies using its products to power the modern economy, BHP Billiton has been one of the public companies with the most associated emissions.[10][11][12]

History

Billiton
The former Billiton logo

Billiton was founded 29 September 1860, when its articles of association were approved by a meeting of shareholders in the Groot Keizershof hotel in The Hague, Netherlands.[13][14] Two months later, the company acquired mineral rights to the Billiton (Belitung) and Bangka Islands in the Netherlands Indies archipelago off the eastern coast of Sumatra.[13][15]

Billiton's initial ventures included tin and lead smelting in the Netherlands, followed in the 1940s by bauxite mining in Indonesia and Suriname.[16] In 1970, Shell acquired Billiton.[13][17] Billiton opened a tin smelting and refining plant in Phuket, Thailand, named Thaisarco (for Thailand Smelting And Refining Company, Limited).[18]

In 1994, South Africa's Gencor Ltd. acquired the mining division of Billiton excluding the downstream metal division.[19] Billiton was divested from Gencor in 1997,[20] and was amalgamated with Gold Fields in 1998.[21] In 1997, Billiton plc became a constituent of the FTSE 100 Index[22] and in 2001 Billiton plc merged with the Broken Hill Proprietary Company Limited (BHP) to form BHP Billiton.[8]

Broken Hill Proprietary Company
The former Broken Hill Proprietary Company logo

The Broken Hill Proprietary Company Limited (BHP), also known by the nickname "the Big Australian",[23] was incorporated on 13 August 1885, operating the silver and lead mine at Broken Hill, in western New South Wales, Australia.[24][25] The Broken Hill group floated on 10 August 1885.[26] The first consignment of Broken Hill ore (48 tons, 5 cwt, 3grs) was smelted at the Intercolonial Smelting and Refining Company's works at Spotswood, Victoria, a suburb of Melbourne.[26] Historian Christopher Jay notes:

The resulting 35,605 ounces of silver raised a lot of interest when exhibited at the City of Melbourne Bank in Collins St. Some sceptics asserted the promoters were merely using silver from somewhere else, to ramp up the shares.... Another shareholder, the dominating W. R. Wilson had had to lend William Jamieson, General Manager, a new suit so he could take the first prospectus, printed at Silverton near Broken Hill on 20 June 1885, to Adelaide to start the float process.[26]

The geographic Broken Hill, for which the town was named, was discovered and named by Captain Charles Sturt, stirring great interest among prospectors. Nothing of note was discovered until 5 November 1883, when Charles Rasp, boundary rider for the surrounding Mount Gipps Station, pegged out a 40-acre claim with contractors David James and James Poole.[27]

Together with a half-dozen backers, including station manager George McCulloch (a young cousin of Victorian Premier Sir James McCulloch),[28] Rasp formed the Broken Hill Company staking out the entire Hill. As costs mounted during the ensuing months of fruitless search, three of the original seven (now remembered as the Syndicate of Seven) sold their shares, so that, on the eve of the company's great success, there were nine shareholders, including Rasp, McCulloch, Philip Charly (aka Charley), David James, James Poole (five of the original syndicate of seven, which had previously included George Urquhart and G.A.M. Lind), Bowes Kelly, W. R. Wilson, and William Jamieson (who'd bought shares from several of the founders).[29][30]

John Darling, Jr. became a director of the company in 1892 and was chairman of directors from 1907 to 1914.[31]

Strongly encouraged by the New South Wales Minister for Public Works, Arthur Hill Griffith,[32][33] in 1915, the company ventured into steel manufacturing, with its operations based primarily in Newcastle, New South Wales. The decision to move from mining ore at Broken Hill to opening a steelworks at Newcastle was due to the technical limitations in recovering value from mining the lower-lying sulphide ores.[34] The discovery of Iron Knob and Iron Monarch near the western shore of the Spencer Gulf in South Australia, combined with the refinement, by BHP metallurgists A. D. Carmichael and Leslie Bradford, of the froth flotation technique for separating zinc sulphides from the accompanying gangue and subsequent conversion (Carmichael–Bradford process) to oxides of the metal, allowed BHP to economically extract valuable metals from the heaps of tailings up to 40 ft (12 m) high at the mine site.[35] In 1942, the Imperial Japanese Navy targeted the BHP steelworks[36] during the largely unsuccessful shelling of Newcastle.[37]

Newcastle operations were closed in 1999,[38] and a 70-ton commemorative sculpture, The Muster Point, was installed on Industrial Drive, in the suburb of Mayfield, New South Wales. The long products side of the steel business was spun off to form OneSteel in 2000.[39]

In the 1950s, BHP began petroleum exploration, which became an increasing focus following oil and natural gas discoveries in Bass Strait in the 1960s.[40][41]

BHP began to diversify into a variety of mining projects overseas. Those included the Ok Tedi copper mine in Papua New Guinea, where the company was successfully sued by the indigenous inhabitants because of the environmental degradation caused by mining operations.[42] BHP had better success with the giant Escondida copper mine in Chile, of which it owns 57.5%, and at the EKATI Diamond Mine in northern Canada, which BHP contracted for in 1996,[43] began mining in 1998,[43] and sold its 80% stake in to Dominion Diamond Corporation in 2013 as production declined.[44][45][46][47]

BHP Billiton
Diesel locomotives in BHP Billiton Iron Ore "bubble" livery, at the company's Nelson Point Yard, Port Hedland, Western Australia.

In 2001, BHP merged with the Billiton mining company to form BHP Billiton.[15] In 2002, flat steel products were demerged to form the publicly traded company BHP Steel which, in 2003, became BlueScope Steel.[48]

In March 2005, BHP Billiton announced a US$7.3 billion agreed bid for WMC Resources, owners of the Olympic Dam copper, gold and uranium mine in South Australia, nickel operations in Western Australia and Queensland, and a Queensland fertiliser plant.[49] The takeover achieved 90 per cent acceptance on 17 June 2005, and 100 per cent ownership was announced on 2 August 2005, achieved through compulsory acquisition of the remaining 10 percent of the shares.[50]

On 8 November 2007, BHP Billiton announced it was seeking to purchase rival mining group Rio Tinto Group in an all-share deal.[51] The initial offer of 3.4 shares of BHP Billiton stock for each share of Rio Tinto was rejected by the board of Rio Tinto for "significantly undervaluing" the company.[49] It was unknown at the time whether BHP Billiton would attempt to purchase Rio Tinto through some form of hostile takeover.[49] A formal hostile bid of 3.4 BHP Billiton shares for each Rio Tinto share was announced on 6 February 2008;[52] The bid was withdrawn 25 November 2008 due to global recession.[53][54]

On 14 May 2008, BHP Billiton shares rose to a record high of A$48.90 following speculation that Chinese mining firm Chinalco was considering purchasing a large stake.[55]

As global nickel prices fell, on 25 November 2008, Billiton announced that it would drop its A$66 billion takeover of rival Rio Tinto Group, stating that the "risks to shareholder value" would "increase" to "an unacceptable level" due to the global financial crisis.[56]

On 21 January 2009, BHP Billiton then announced that BHP Billiton Ravensthorpe Nickel Project in Western Australia would cease operations, ending shipments of ore from Ravensthorpe to the Yabulu nickel plant in Queensland Australia.[57] Yabulu refinery was subsequently sold to Queensland billionaire Clive Palmer, becoming the Palmer Nickel and Cobalt Refinery. Pinto Valley mine in the United States was also closed. Mine closures and general scaling back during the global financial crisis accounted for 6,000 employee lay offs.[58]

As the nickel market became saturated by both spiraling economics and cheaper extraction methods; on 9 December 2009, BHP Billiton sold its Ravensthorpe Nickel Mine, which had cost A$2.4 billion to build, to Vancouver-based First Quantum Minerals for US$340 million. First Quantum, a Canadian company, was one of three bidders for the mine, tendering the lowest offer, and returned the mine to production in 2011.[59] Ravensthorpe cost BHP US$3.6 billion in write-downs when it was shut in January 2009 after less than a year of production.[60]

In January 2010, following the BHP Billiton purchase of Athabasca Potash for US$320m, The Economist reported that, by 2020, BHP Billiton could produce approximately 15 per cent of the world demand for potash.[61]

In August 2010, BHP Billiton made a hostile takeover bid worth US$40 billion for the Potash Corporation of Saskatchewan. The bid came after BHP's first bid, made on 17 August, was rejected as being undervalued.[62] This acquisition marked a major strategic move by BHP outside hard commodities and commenced the diversification of its business away from resources with high exposure to carbon price risk, like coal, petroleum and iron ore. The takeover bid was opposed by the Government of Saskatchewan under Premier Brad Wall. On 3 November, Canadian Industry Minister Tony Clement announced the preliminary rejection of the deal under the Investment Canada Act, giving BHP Billiton 30 days to refine their deal before a final decision was made;[63] BHP withdrew its offer on 14 November 2010.[64][65]

On 22 February 2011, BHP Billiton announced that it had paid $4.75 billion in cash to Chesapeake Energy for its Fayetteville shale assets, which include 487,000 acres (1,970 km2) of mineral rights leases and 420 miles (680 km) of pipeline located in north central Arkansas. The wells on the mineral leases are currently producing about 415 million cubic feet of natural gas per day. BHP Billiton planned to spend $800 million to $1 billion a year over 10 years to develop the field and triple production.[66]

On 14 July 2011, BHP Billiton announced that it would acquire Petrohawk Energy of the United States for approximately $12.1 billion in cash, considerably expanding its shale natural gas resources[67] in an offer of $US38.75 per share.[68]

BHP office tower in Adelaide.

On 22 August 2012, BHP Billiton announced that it was delaying its US$20 billion (£12 billion) Olympic Dam copper mine expansion project in South Australia to study less capital intensive options, deferring its dual harbour strategy at West Australian Iron Ore and slowing down its Potash growth option in Canada.[69][70] The company simultaneously announced a freeze on approving any major new expansion projects.[69][70]

Days after announcing the Olympic Dam pull-out, BHP Billiton announced that it was selling its Yeelirrie Uranium Project to Canadian Cameco for a fee of around $430 million. The sale was part of a broader move to step away from resource expansion in Australia.[71]

On 19 August 2014, BHP Billiton announced it would create an independent global metals and mining company based on a selection of its aluminium, coal, manganese, nickel, and silver assets.[72] The newly formed entity, named South32, was subsequently demerged with listings on the Australian Securities Exchange the JSE and the London Stock Exchange.[72]

In 2015, BHP Billiton spun off a number of its subsidiaries[73] in South Africa and Southern Africa to form a new company known as South32.[74][75]

BHP Billiton agreed to pay a fine of $25 million to the United States Securities and Exchange Commission in 2015 in connection with violations of the Foreign Corrupt Practices Act related to its "hospitality program" at the 2008 Summer Olympics in Beijing. BHP Billiton invited 176 government and state-owned-enterprise officials to attend the Games on an all-expenses-paid package. While BHP Billiton claimed to have compliance processes in place to avoid conflicts of interest, the SEC found that BHP Billiton had invited officials from at least four countries where BHP Billiton had interests in influencing the officials' decisions (Congo, Guinea, Philippines and Burundi).[76]

In August 2016, BHP Billiton recorded its worst annual loss in history, $6.4 billion.[77]

Towards the end of 2016 BHP Billiton indicated it would expand its petroleum business and make new investments in the sector.[78]

In February 2017, BHP Billiton announced a $2.2 billion investment in the new BP platform in the Gulf of Mexico.[79] During the same year, as part of their plan to increase productivity at the Escondida mine in Chile,[80] which is the world's biggest copper mine, BHP Billiton attempted to get workers to accept a 4-year pay freeze, a 66% reduction in the end-of-conflict bonus offering, and increased shift flexibility. This resulted in a major workers' strike and forced the company to declare force majeure on two shipments, which drove copper prices up by 4%.[81]

In April 2017 activist hedge fund manager Elliott Advisors proposed a plan for BHP Billiton to spin off its American petroleum assets and significantly restructure the business, including the scrapping of its dual Sydney-London listing, suggesting shares be offered only in the United Kingdom, while leaving its headquarters and tax residences in Australia where shares would trade as depository instruments. At the time of the correspondence Elliott held about 4.1 per cent of the issued shares in London-listed BHP Billiton plc, worth $3.81 billion. Australia's government warned it would block moves to shift BHP Billiton's stock listing from Australia to the United Kingdom. Australian Treasurer Scott Morrison said the move would be contrary to the country's national interest and would breach government orders mandating a listing on the Australian Securities Exchange. BHP Billiton dismissed the plan saying the costs and risks of Elliott's proposal outweighed any potential benefits.[82]

BHP

In May 2017, with much of the former Billiton assets having been disposed of, BHP Billiton began to rebrand itself as BHP, at first in Australia and then globally. It replaced the slogan "The Big Australian" with "Think Big", with an advertising campaign rolling out in mid May 2017.[83] Work on the change began in late 2015 according to BHP's chief external affairs officer.[84]

In August 2017, BHP announced that it would sell off its US shale oil and gas business.[85][86] In July 2018, the company agreed to sell its shale assets to BP for $10.5 billion.[87] BHP indicated its intention to return funds to investors.[88] On 29 September 2018, BHP completed the sale of its Fayetteville Onshore US gas assets to a wholly owned subsidiary of Merit Energy Company.[89]

Corporation

BHP is a dual-listed company; the Australian BHP Billiton Limited and the British BHP Billiton plc are separately listed with separate shareholder bodies, while conducting business as one operation with identical boards of directors and a single management structure.[2] The headquarters of BHP Billiton Limited and the global headquarters of the combined group are located in Melbourne, Australia. The headquarters of BHP Billiton plc are located in London, England.[2] Its main office locations are in Australia, the U.S., Canada, the UK, Chile, Malaysia, and Singapore.[2]

The company's shares trade on the following exchanges:[90]

BHP Billiton Limited and BHP Billiton Plc were renamed BHP Group Limited and BHP Group Plc, respectively, on 19 November 2018.[91]

Senior management

In 1998, BHP hired American Paul Anderson to restructure the company. Anderson successfully completed the four-year project with a merger between BHP and London-based Billiton.[92] In July 2002, Brian Gilbertson of Billiton was appointed CEO, but resigned after just six months, citing irreconcilable differences with the board.[93]

Upon Gilbertson's departure in early 2003, Charles "Chip" Goodyear, an Anderson protégé, was appointed the new CEO, increasing sales by 47 percent and profits by 78 percent during his tenure.[94] Goodyear retired on 30 September 2007.[95] Marius Kloppers was Goodyear's successor.[95] Following Kloppers' tenure, Andrew Mackenzie, chief executive of Non-Ferrous, assumed the role of CEO in 2013.[96] Australia mining head Mike Henry succeeded Mackenzie on 1 January 2020.[97]

Operations

BHP has mining operations in Australia, North America, and South America, and petroleum operations in the U.S., Australia, Trinidad and Tobago, the UK, and Algeria.[2]

The company has four primary operational units:

The company's mines are as follows:[98]

Drill rig at Area C mine, near Newman, Western Australia.
Process facility at Mount Whaleback mine, Western Australia.
False colour satellite image of Escondida mine, Chile, courtesy of NASA.

Responsibility for climate damage
Main articles: Global warming and Climate damage
A village flooded in the Bento Rodrigues dam disaster (2015). The dam was a property of Samarco, a joint venture between Vale and BHP Billiton.

BHP is listed as one of the 90 fossil fuel extraction and marketing companies responsible for two-thirds of global greenhouse gas emissions since the beginning of the industrial age.[101] Its cumulative emissions as of 2010 have been estimated at 7,606 MtCO
2e, representing 0.52% of global industrial emissions between 1751 and 2010, ranking it the 19th-largest corporate polluter.[102] According to BHP management 10% of these emissions are from direct operations, while 90% come from products sold by the company.[103] BHP has been voluntarily reporting its direct GHG emissions since 1996. In 2013, it was criticised for lobbying against carbon pricing in Australia.[104]

Significant accidents

Bad weather caused a BHP Billiton helicopter to crash in Angola on 16 November 2007, killing the helicopter's five passengers. The deceased were: BHP Billiton Angola Chief Operating Officer David Hopgood (Australian), Angola Technical Services Operations Manager Kevin Ayre (British), Wild Dog Helicopters pilot Kottie Breedt (South African), Guy Sommerfield (British) of MMC and Louwrens Prinsloo (Namibian) of Prinsloo Drilling. The helicopter crashed approximately 80 kilometres (50 mi) from the Alto Cuilo diamond exploration camp in Lunda Norte, northeastern Angola. BHP Billiton responded by suspending operations in the country.[105]

In 2015, the company was involved in the Bento Rodrigues tailings dam collapse, the worst environmental disaster in the history of the state of Minas Gerais, Brazil.[99][100][106] On 5 November 2015, an iron ore mine tailings dam near Mariana, south-eastern Brazil, owned and operated by Samarco, a subsidiary of BHP and Vale,[107] suffered a catastrophic failure, devastating the nearby town of Bento Rodrigues with the mudflow, killing 19 people, injuring more than 50 and causing enormous ecological damage,[108] and threatening life along the Rio Doce and the Atlantic Ocean near the mouth of the Rio Doce.[109] The accident was one of the biggest environmental disasters in Brazil's history.[110]

See also

References
  1. "Global Headquarters". BHP.com. Retrieved 26 July 2018.
  2. "Annual Results 2019" (PDF). BHP. Retrieved 27 February 2020.
  3. "About us". BHP. Retrieved 27 February 2020.
  4. "Silverton". The Argus. Melbourne, Vic. 30 July 1885. p. 10. Retrieved 21 August 2020.
  5. "Leading mining companies worldwide based on market capitalization in 2018". Statista. 2018. Retrieved 26 July 2018.
  6. Els, Frik (5 July 2017). "Top 50 mining companies reshuffle as Chinese, lithium firms climb rankings". Mining.com. Retrieved 26 July 2018.
  7. Hall, Ben; Simmons, David; Faint, Paris; Bonnell, Yasmin (2 June 2017). "THE 2017 MELBOURNE TOP COMPANIES REVEALED: THE TOP 10". Business News Australia. Retrieved 26 July 2018.
  8. "BHP-Billiton merger confirmed". ABC. 19 March 2001. Archived from the original on 24 November 2004.
  9. "Forbes Global 2000". Retrieved 31 October 2020.
  10. "CDP Carbon Majors Study Overview". Retrieved 29 December 2020.
  11. "CDP Carbon Majors Report 2017" (PDF). Retrieved 29 December 2020.
  12. "Carbon Majors Dataset". Retrieved 29 December 2020.
  13. "Billiton History". BHPBilliton.com. Archived from the original on 18 February 2011.
  14. Womack, Tom (1 December 2015). The Allied Defense of the Malay Barrier, 1941-1942. McFarland. ISBN 978-1-4766-2267-5.
  15. Somers Heidhues, Mary F. "Company Island: A Note on the History of Belitung" (PDF). Cornell. Retrieved 29 June 2020.
  16. Krabbendam, Hans; van Minnen, Cornelis A.; Scott-Smith, Giles (2009). Four Centuries of Dutch-American Relations: 1609-2009. Suny Press. p. 887. ISBN 978-1438430133.
  17. Cebon, Peter (15 July 2008). Measured Success: Innovation Management in Australia. Melbourne Univ. Publishing. ISBN 978-0-522-85988-1.
  18. "Overview". Thaisarco. Archived from the original on 13 March 2016. Retrieved 19 March 2016.
  19. "Shell Unit Sells Assets To Gencor". The New York Times. Bloomberg News. 27 July 1994. Retrieved 18 April 2011.
  20. Walker, Julie (22 June 1997). "Gencor pops champagne on achieving its ambitious global dream". Business Times. Archived from the original on 27 September 2011.
  21. "South African Gold Giants to Combine". The New York Times. 11 October 1997. Retrieved 30 June 2020.
  22. Coulson, Michael (2008). An Insider's Guide to the Mining Sector: An In-Depth Study of Gold and Mining Shares. Harriman House Limited. ISBN 978-1-905641-55-0.
  23. "Shrinking 'The Big Australian': BHP write-downs top $A3B". Engineering & Mining Journal. TheFreeLibrary.com. 1 August 1998. Retrieved 26 July 2018.
  24. "The Broken Hill Proprietary Company Ltd (1885 – 2000)". Guide to Australian Business Records. Retrieved 18 April 2011.
  25. Wendy Lewis, Simon Balderstone and John Bowan (2006). Events That Shaped Australia. New Holland. p. 79. ISBN 978-1-74110-492-9.
  26. Jay, Christopher. (1999) A Future More Prosperous: The History of Newcastle Steelworks 1912–1999, The Broken Hill Proprietary Company Limited, Newcastle. p. 30.
  27. Coulls, A. "Rasp, Charles (1846 - 1907)", Australian Dictionary of Biography, Volume 6. Melbourne University Press, 1976. p. 9.
  28. Oxford Dictionary of National Biography
  29. "Treasure Hill on Sheep Station". The Argus. Melbourne. 2 September 1937. p. 8. Retrieved 20 July 2013 – via National Library of Australia.
  30. United States Congressional Serial Set, Volume 2591. U.S. Government Printing Office. 1889. p. 344.
  31. Kent, H. S. K. "Darling, John (1852–1914)". Australian Dictionary of Biography. Melbourne University Press. ISSN 1833-7538. Retrieved 5 December 2013 – via National Centre of Biography, Australian National University.
  32. Nairn, Bede. Griffith, Arthur Hill (1861–1946). Australian Dictionary of Biography. National Centre of Biography, Australian National University. Retrieved 26 July 2018.
  33. Cameron, David (1997). "On an island in the River: The establishment of the Walsh Island Dockyard & Engineering Works, Newcastle, 1910–1919". Reocities. Archived from the original on 23 November 2013.
  34. Jay, Christopher. (1999) A Future More Prosperous: The History of Newcastle Steelworks 1912–1999, The Broken Hill Proprietary Company Limited, Newcastle. p. 34.
  35. Jay, Christopher. (1999) A Future More Prosperous: The History of Newcastle Steelworks 1912–1999, The Broken Hill Proprietary Company Limited, Newcastle. pp. 42–43.
  36. Theodore, Amy (1 February 2018). "Throwback Thursday; The Shelling of Newcastle". Newcastle Mirage. Retrieved 14 February 2018.
  37. Carruthers, Steven L. (2006). Japanese Submarine Raiders, 1942 : A Maritime Mystery (Revised ed.). Narrabeen, NSW: Casper Publications. ISBN 978-0-9775063-0-9.
  38. "Steel City without the Big Australian". ABC. 29 September 1999. Archived from the original on 8 March 2000.
  39. "OneSteel Limited". Delisted.com.au. Archived from the original on 6 July 2011.
  40. "History of Petroleum Exploration in Victoria". DPI.Vic.gov.au. Department of Primary Industries – Victoria. Archived from the original on 4 October 2007.
  41. "Our History". BHP.com. Retrieved 27 July 2018.
  42. Imhof, Aviva (1 March 1996). "The Big, Ugly Australian Goes to Ok Tedi". Multinational Monitor. Archived from the original on 27 July 2018. Retrieved 27 July 2018.
  43. "Ekati Diamond Mine – Northwest Territories". Natural Resources of Canada. 2008. Retrieved 28 July 2018.
  44. DeMarco, Anthony (10 April 2013). "Dominion Diamond Completes $553 Million Acquisition of Canadian Diamond Mine". Forbes. Retrieved 27 July 2018.
  45. MacNamara, William (30 November 2011). "BHP puts diamonds division up for sale". Financial Times. Retrieved 28 July 2018.
  46. Ebner, David (9 May 2011). "BHP to mine Ekati diamonds a year longer". The Globe and Mail. Retrieved 28 July 2018.
  47. "BHP Billiton Records 26% Drop in Output From Ekati in Fiscal Q3 in Final Report". DiamondIntelligence.com. 17 April 2013. Retrieved 28 July 2018.
  48. "AGL demerger to give shares a head of steam". Australian Financial Review. 9 November 2005. Retrieved 30 June 2020.
  49. "BHP makes bid move for Rio Tinto". BBC News. 8 November 2007. Retrieved 28 July 2018.
  50. "BHP Billiton to mop up minority in WMC after taking over 90 pct". Forbes. 17 June 2005. Archived from the original on 2 November 2007.
  51. "Rio Tinto rejects takeover bid from BHP Billiton to create mining giant". The New York Times. 8 November 2007. ISSN 0362-4331. Retrieved 30 June 2020.
  52. Freed, Jamie (6 February 2008). "BHP makes bid for Rio". The Age. Archived from the original on 7 February 2008.
  53. Macalister, Terry (26 November 2008). "BHP walks away from mining mega-merger". The Guardian. Retrieved 28 July 2018.
  54. England, Cameron (26 November 2008). "BHP withdraws Rio offer". The Advertiser. Retrieved 28 July 2018.
  55. "BHP shares surge on talk of China move". Reuters. 14 May 2008. Retrieved 28 July 2018.
  56. Wilson, Amy (25 November 2008). "BHP Billiton withdraws $66bn bid for rival miner Rio Tinto". The Telegraph. Retrieved 18 April 2011.
  57. "Changes to BHP Billiton's Nickel Business". BHP Billiton. 21 January 2009. Archived from the original on 31 January 2009.
  58. Chambers, Matt (22 January 2009). "BHP axes 6000 jobs and cuts projects". The Australian. Archived from the original on 24 January 2009.
  59. "Ravensthorpe". First-Quantum.com. Retrieved 27 July 2018.
  60. Chambers, Matt (10 December 2009). "Canada's First Quantum wins bid to revive Ravensthorpe nickel mine". The Australian. Retrieved 28 July 2018.
  61. "Mergers in the fertiliser industry: A growth business". The Economist. 18 February 2010. Retrieved 27 July 2018.
  62. "BHP Billiton launches hostile bid for Potash". BBC News. 18 August 2010. Retrieved 27 July 2018.
  63. "BHP's PotashCorp bid rejected for now". CBC News. 3 November 2010. Archived from the original on 6 November 2010.
  64. Bouw, Brenda; Kiladze, Tim; Chase, Steven (14 November 2010). "BHP withdraws Potash bid". The Globe and Mail. Retrieved 26 July 2018.
  65. Dvorak, Phred; Chon, Gina (15 November 2010). "BHP Abandons Pursuit of Potash Corp". The Wall Street Journal. Retrieved 19 December 2010.
  66. "BHP Billiton Announces Acquisition of Chesapeake Energy Corporation's Fayetteville USA, Shale Assets" (press release). BHP.com. 22 February 2011. Retrieved 26 July 2018.
  67. De La Merced, Michael J. (14 July 2011). "BHP Billiton to Buy Petrohawk for $12.1 Billion". The New York Times. Retrieved 14 July 2011.
  68. "BHP Billiton and Petrohawk Corporation announce merger agreement" (PDF). Petrohawk. 15 July 2011. Archived from the original (PDF) on 27 March 2012.
  69. "BHP delays $20 billion Olympic Dam project as profit slides". Reuters. 22 August 2012. Retrieved 26 August 2012.
  70. Neate, Rupert (22 August 2012). "BHP Billiton scraps $20bn Olympic Dam project as China slowdown bites". The Guardian. Retrieved 26 August 2012.
  71. Jamasmie, Cecilia (27 August 2012). "BHP sells Australia's mammoth uranium deposit". Mining.com. Retrieved 11 October 2012.
  72. "Creation of New Global Metals and Mining Company to Accelerate Portfolio Simplification". BHP.com. 19 August 2014. Retrieved 28 July 2018.
  73. "Company Overview of BHP Billiton Energy Coal South Africa Proprietary Limited". Bloomberg.com. Retrieved 28 July 2018.
  74. Wilson, James; Smyth, Jamie (18 March 2015). "BHP unwinds Billiton merger with South32 spin-off plan". Financial Times. Retrieved 26 July 2018.
  75. Wilson, James; Smyth, Jamie (7 May 2015). "Shareholders approve BHP Billiton spin-off of South32". Financial Times. Retrieved 26 July 2018.
  76. Bartlett, Audine (June 2015). "Foreign bribery update: A harsh lesson for a global miner" (PDF). Resources Newsletter. Carter Newell Lawyers. Retrieved 29 July 2018.
  77. Barnato, Katy (16 August 2016). "World's largest mining firm records worst loss in its history". CNBC. Retrieved 28 July 2018.
  78. Hoyle, Rhiannon (5 October 2016). "BHP Billiton lays out petroleum expansion plans". MarketWatch. Retrieved 28 July 2018.
  79. Ambrose, Jillian (9 February 2017). "BHP Billiton backs BP's return to Gulf of Mexico with £1.75bn investment". The Telegraph. Retrieved 28 July 2018.
  80. Stephens, Matthew (2 February 2017). "Having spent $US7 billion on Escondida's new start BHP has to secure world-class productivity". Australian Financial Review. Retrieved 28 July 2018.
  81. Burton, Mark; Stringer, David (11 February 2017). "BHP Said to Declare Force Majeure on Copper From Escondida". Bloomberg News. Retrieved 28 July 2018.
  82. Taylor, Rob. "Australia to block Elliott's BHP listing plan". MarketWatch. Retrieved 28 July 2018.
  83. Robins, Brian (15 May 2017). "BHP to drop 'Billiton' in rebranding move". The Sydney Morning Herald. Retrieved 28 July 2018.
  84. Mehra, Prashant (15 May 2017). "Big Australian just BHP again, no Billiton". The Sydney Morning Herald. Australian Associated Press. Archived from the original on 25 September 2017.
  85. Regan, James (22 August 2017). "BHP to quit U.S. shale business as annual profit surges". Reuters. Retrieved 24 September 2017.
  86. Denina, Clara; Afanasieva, Dasha (31 August 2017). "BHP hires Barclays, Citi for U.S. shale gas divestment: sources". Reuters. Retrieved 24 September 2017.
  87. Reed, Stanley "BP Makes 10.5 Billion Shale Deal; Its Biggest Since Deepwater Horizons", Reuters via The New York Times, 27 July 2018. Retrieved 28 September 2018.
  88. Husseini, Talal "BP to spend $10.5bn in BHP US shale oil and gas assets acquisition", Offshore Technology, 27 July 2018. Retrieved 28 September 2018.
  89. "BHP completes $US300m sale of Fayetteville onshore gas asset". Australian Mining. 1 October 2018. Retrieved 2 October 2018.
  90. "SEC Form 20-F, BHP Billiton Limited and BHP Billiton plc, for FY 2007" (PDF). BHP Billiton. 26 September 2007. p. 274. Archived from the original (PDF) on 9 April 2008. Retrieved 9 April 2008.
  91. BHP "Change of name to BHP Group", 20 November 2018. Retrieved 25 November 2018.
  92. Parkinson, Gary (19 March 2001). "Billiton and BHP agree merger plans". Daily Telegraph. ISSN 0307-1235. Retrieved 30 June 2020.
  93. "BHP chief in shock resignation". CNN. 5 January 2003. Retrieved 13 July 2007.
  94. "The Best European Performers" (PDF). Business Week. 18 June 2005. Retrieved 26 July 2018.
  95. "BHP Billiton To Appoint Marius Kloppers As New CEO" (press release). BHP.com. 31 May 2007. Retrieved 29 July 2018.
  96. "Mackenzie, Andrew Stewart". Who's Who. ukwhoswho.com. 2014 (online edition via Oxford University Press ed.). A & C Black, an imprint of Bloomsbury Publishing plc. (subscription or UK public library membership required) (subscription required)
  97. "Mike Henry's 30-year journey to BHP's top job"; James Thompson; The Australian Financial Review; Nov. 14, 2019.
  98. "BHP Billiton". Mining-Atlas.com. Archived from the original on 26 September 2019. Retrieved 29 July 2018.
  99. Rezende, Felipe (6 November 2015). "Rompimento de barragens causa "maior dano ambiental da história de Minas", diz promotor" [The collapse of the Samaco's dams has caused the "largest environmental disaster in the history of Minas Gerais", says public prosecutor]. R7 (in Portuguese). Retrieved 29 July 2018.
  100. Darlington, Shasta (7 November 2015). "Dam break sweeps away homes in Brazil, killing at least 1 person". CNN. Retrieved 29 July 2018.
  101. Goldenberg, Suzanne (21 November 2013). "Just 90 companies caused two-thirds of man-made global warming emissions". The Guardian. Retrieved 29 July 2018.
  102. Heede, Richard (January 2014). "Tracing anthropogenic carbon dioxide and methane emissions to fossil fuel and cement producers, 1854–2010". Climate Change. 122 (1–2): 229–241. Bibcode:2014ClCh..122..229H. doi:10.1007/s10584-013-0986-y.
  103. Hannam, Peter (21 November 2013). "BHP among world's 20 largest climate culprits". The Sydney Morning Herald. Retrieved 29 July 2018.
  104. Mehra, Malini (20 November 2013). "BHP Billiton: climate change leader or laggard?". The Guardian. Retrieved 29 July 2018.
  105. "Fatal Helicopter Crash in Angola". BHP.com. 17 November 2007. Retrieved 29 July 2018.
  106. "Brazil dam burst: at least 15 feared dead after disaster at BHP-owned mine". The Guardian. 6 November 2015. Retrieved 7 February 2019.
  107. Safari, Maryam; Bicudo, de Castro Vincent; Steccolini, Ileana (1 January 2020). "The interplay between home and host logics of accountability in multinational corporations (MNCs): the case of the Fundão dam disaster". Accounting, Auditing & Accountability Journal. ahead-of-print (ahead-of-print). doi:10.1108/AAAJ-03-2019-3912. ISSN 0951-3574.
  108. Timson, Lia; de Godo, Lucas (3 November 2018). "Putting Bento Rodrigues back on the map after the dam disaster". The Sydney Morning Herald. Retrieved 6 March 2019.
  109. Douglas, Bruce (22 November 2015). "Anger rises as Brazilian mine disaster threatens river and sea with toxic mud". The Guardian. Retrieved 23 November 2015.
  110. Santos, Caio (16 November 2016). "Entre o luto e a saudade: um panorama do maior desastre ambiental do Brasil". Jornalistas Livres. Retrieved 29 July 2018.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.