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In 2001 Billiton Plc [[merger|merged]] with the Broken Hill Proprietary Company Limited (BHP) to form BHP Billiton.<ref name="merger"/>
In 2001 Billiton Plc [[merger|merged]] with the Broken Hill Proprietary Company Limited (BHP) to form BHP Billiton.<ref name="merger"/>

In 2015, BHP Billiton spun off a number of its subsidiaries<ref>{{Cite web|url=http://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapid=20460148|title=BHP Billiton Energy Coal South Africa Proprietary Limited: Private Company Information - Bloomberg|website=www.bloomberg.com|access-date=2017-03-05}}</ref> in South Africa and Southern Africa to form a new company known as South32.<ref>{{Cite web|url=https://www.ft.com/content/7083dd54-ccbd-11e4-b5a5-00144feab7de|title=Subscribe to read|website=www.ft.com|language=en-GB|access-date=2017-03-05}}</ref><ref>{{Cite web|url=https://www.ft.com/content/1124afe6-f3cd-11e4-99de-00144feab7de|title=Subscribe to read|website=www.ft.com|language=en-GB|access-date=2017-03-05}}</ref> South32 is invested in manganese production<ref>{{Cite news|url=http://www.iol.co.za/business-report/companies/south32-says-output-on-track-7458978|title=South32 says output on track {{!}} IOL|access-date=2017-03-05}}</ref> and coal mining activities in South Africa, Brazil, Australia and the Far East.


In August 2016, the company recorded its worst annual loss in history, $6.4 billion dollars.<ref>{{cite web|author=Katy Barnato |url=http://www.cnbc.com/2016/08/16/bhp-billiton-reports-annual-loss-of-6385-billion-versus-profit-of-191-billion-a-year-ago.html |title=World's largest mining firm records worst loss in its history |website=Cnbc.com |date=2016-08-16 |accessdate=2016-12-09}}</ref>
In August 2016, the company recorded its worst annual loss in history, $6.4 billion dollars.<ref>{{cite web|author=Katy Barnato |url=http://www.cnbc.com/2016/08/16/bhp-billiton-reports-annual-loss-of-6385-billion-versus-profit-of-191-billion-a-year-ago.html |title=World's largest mining firm records worst loss in its history |website=Cnbc.com |date=2016-08-16 |accessdate=2016-12-09}}</ref>

Towards the end of 2016 BHP indicated it would be expanding its petroleum business with new investments in the sector.<ref>{{Cite news|url=http://www.marketwatch.com/story/bhp-billiton-lays-out-petroleum-expansion-plans-2016-10-05|title=BHP Billiton lays out petroleum expansion plans|last=Hoyle|first=Rhiannon|work=MarketWatch|access-date=2017-03-05|language=en-US}}</ref>


=== Broken Hill Proprietary Company===
=== Broken Hill Proprietary Company===
Line 130: Line 134:


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 ([[Democratic Republic of the Congo|Congo]], [[Guinea]], [[Philippines]] and [[Burundi]]).<ref>{{cite web|last1=Bartlett|first1=Audine|title=Foreign bribery update: A harsh lesson for a global miner|url=http://www.carternewell.com/page/Publications/2015/Foreign_bribery_update_A_harsh_lesson_for_a_global_miner/|publisher=Carter Newell|accessdate=8 June 2015}}</ref>
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 ([[Democratic Republic of the Congo|Congo]], [[Guinea]], [[Philippines]] and [[Burundi]]).<ref>{{cite web|last1=Bartlett|first1=Audine|title=Foreign bribery update: A harsh lesson for a global miner|url=http://www.carternewell.com/page/Publications/2015/Foreign_bribery_update_A_harsh_lesson_for_a_global_miner/|publisher=Carter Newell|accessdate=8 June 2015}}</ref>

In 2017, BHP Billiton announced a $2.2billion investment in the new BP platform in the Gulf of Mexico.<ref>{{Cite news|url=http://www.telegraph.co.uk/business/2017/02/09/bhp-billiton-backs-bps-return-gulf-mexico-175bn-investment/|title=BHP Billiton backs BP's return to Gulf of Mexico with £1.75bn investment|work=The Telegraph|access-date=2017-03-05|language=en-GB}}</ref> During the same year, as part of their plan to increase productivity at the Escondida mine in Chile<ref>{{Cite news|url=http://www.afr.com/business/mining/the-chilean-strike-bhp-billiton-just-has-to-have-20170202-gu45ou|title=Having spent $US7 billion on Escondida's new start BHP has to secure world-class productivity|date=2017-02-02|work=Financial Review|access-date=2017-03-05|language=en-US}}</ref>, 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%.<ref>{{Cite news|url=https://www.bloomberg.com/news/articles/2017-02-10/bhp-said-to-declare-force-majeure-on-shipments-from-escondida-iyzv4mui|title=BHP Said to Declare Force Majeure on Copper From Escondida|date=2017-02-10|work=Bloomberg.com|access-date=2017-03-05}}</ref>


== Corporate affairs ==
== Corporate affairs ==

Revision as of 10:03, 5 March 2017

"Billiton" redirects here. For the Indonesian island formerly known as Billiton, see Belitung.

BHP Billiton Limited & Plc
Company typePublic
LSE: BLT NYSE: BHP NYSE: BBL ASX: BHP JSE: BIL
ISINGB00BH0P3Z91 Edit this on Wikidata
IndustryMetals and Mining
FoundedBroken Hill Proprietary Company Limited (BHP) 1885;
Billiton plc 1860;
Merger of BHP & Billiton 2001 (creation of a DLC)
HeadquartersMelbourne, Australia
(BHP Billiton Group & BHP Billiton Limited)
London, United Kingdom
(BHP Billiton Plc)[1]
Area served
Worldwide
Key people
Andrew Mackenzie (CEO)
Jacques Nasser (Chairman)
ProductsIron ore, coal, petroleum, copper, natural gas, nickel & uranium
RevenueDecrease A$61.2 billion (2015)[2]
Decrease US$8.67 billion (2015)[2]
Decrease US$1.91 billion (2015)[2]
Total assetsDecrease US$124.6 billion (2015)[2]
Total equityDecrease US$64.76 billion (2015)[2]
Number of employees
29,670 (2015)[3]
Websitewww.bhpbilliton.com


BHP Billiton is an Anglo-Australian multinational mining, metals and petroleum company headquartered in Melbourne, Australia. It is the world's largest mining company measured by 2015 market values and Australia's fourth largest company (by revenue), formerly the largest.

BHP Billiton was created in 2001 through the merger of the Australian Broken Hill Proprietary Company Limited (BHP) and the Anglo–Dutch Billiton plc.[4] The result is a dual-listed company. The Australia-registered BHP Billiton Limited, which has equal financial share in the company, has a primary listing on the Australian Securities Exchange and is one of the largest companies in Australia measured by market capitalisation. The UK-registered BHP Billiton Plc has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index.

BHP Billiton global headquarters & Australian registered (corporate) office is located at 171 Collins St, Melbourne CBD, Australia.

History

Billiton

Billiton was a mining company whose origins stretch back to 29 September 1860, when the articles of association were approved by a meeting of shareholders in the Groot Keizerhof hotel in The Hague, the Netherlands.[5]

Two months later, the company acquired the mineral rights to the tin-rich Billiton (Belitung) and Bangka Islands in the Netherlands Indies archipelago, off the eastern coast of Sumatra.[5]

Billiton's initial business forays included tin and lead smelting in the Netherlands, followed in the 1940s by bauxite mining in Indonesia and Suriname. In 1970, Shell acquired Billiton accelerated this growth.[5] The tin and lead smelter in Arnhem, the Netherlands, was shut down in the 1990s. Billiton owned a tin smelting and refining plant in Phuket, Thailand called Thaisarco (shorted from-Thailand smelting and refining company limited), which still exists today.[6]

In 1994, South Africa's Gencor Ltd. acquired the mining division of Billiton excluding the downstream metal division.[7] Billiton was divested from Gencor in 1997.[8]

In 1997, Billiton Plc became a constituent of the FTSE 100 Index.[5]

The former logo of Billiton

Throughout the 1990s and beyond, Billiton Plc experienced considerable growth. Its portfolio included aluminium smelters in South Africa and Mozambique, nickel operations in Australia and Colombia, base metals mines in South America, Canada and South Africa, coal mines in Australia, Colombia and South Africa, as well as interests in operations in Brazil, Suriname, Australia (aluminium) and South Africa (titanium minerals and steel and ferroalloys).

In 2001 Billiton Plc merged with the Broken Hill Proprietary Company Limited (BHP) to form BHP Billiton.[4]

In 2015, BHP Billiton spun off a number of its subsidiaries[9] in South Africa and Southern Africa to form a new company known as South32.[10][11] South32 is invested in manganese production[12] and coal mining activities in South Africa, Brazil, Australia and the Far East.

In August 2016, the company recorded its worst annual loss in history, $6.4 billion dollars.[13]

Towards the end of 2016 BHP indicated it would be expanding its petroleum business with new investments in the sector.[14]

Broken Hill Proprietary Company

File:BHP Logo.png
The former logo of Broken Hill Proprietary Company

The Broken Hill Proprietary Company Limited, BHP Co. Ltd., BHP, also known by the nickname "the Big Australian",[15] was incorporated in 1885, operating the silver and lead mine at Broken Hill in western New South Wales, Australia.[16][17] The Broken Hill group floated on 10 August 1885.[18] 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, Melbourne.[18]

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.[18]

The geographic Broken Hill, for which the town was named, was discovered and named by Charles Sturt, and created much interest among prospectors, but nothing of note was discovered until Charles Rasp, boundary rider for the encompassing Mount Gipps Station, pegged out a 40-acre claim with contractors David James and James Poole, then with half-a-dozen backers (the Syndicate of Seven) including station manager George McCulloch (a young cousin of Victorian Premier Sir James McCulloch[19]) formed the Broken Hill Company to stake out the whole Hill. In the ensuing months of fruitless search and with costs mounting, several of the original seven parted with their shares, and at the eve of the Company's great success there were nine shareholders, including Rasp, McCulloch, William Jamieson (who bought up shares from several of the founders), Philip Charley, David James, James Poole, Bowes Kelly and W. R. Wilson.[20]

John Darling, Jr. became a director of the company in 1892 and was chairman of directors from 1907 to 1914.[21]

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 open a steelworks at Newcastle was due to the technical limitations in recovering value from mining the 'lower-lying sulphide ores'.[22] The discovery of Iron Knob and Iron Monarch near the western shore of the Spencer Gulf in South Australia combined with the development by the BHP metallurgist A. D. Carmichael of a technique for 'separating zinc sulphides from the accompanying earth and rock' led BHP 'to implement the startlingly simple and cheap process for liberating vast amounts of valuable metals out of sulphide ores, including huge heaps of tailings and slimes up to' 40 ft (12 m) high.[23]

The company began petroleum exploration in the 1960s with discoveries in Bass Strait, an activity which became an increasing focus.[24]

BHP began to diversify offshore in a variety of projects. One project was 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 the mine operations.[25] BHP had better success with the giant Escondida copper mine in Chile (57.5 percent owned) and the EKATI Diamond Mine in northern Canada.[26] which it divested in 2013 to Dominion Diamond Corporation (formerly Harry Winston Diamond Corporation).[27]

The inefficiencies of what was, by global standards, a small steel operation in Newcastle finally caught up with the company and the Newcastle operations were closed in 1999.[28] The 'long products' side of the steel business was spun off to form OneSteel in 2000.[29]

2001 to 2011

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. In 2002, the 'flat products' steel business was spun off to form BHP Steel. In 2003, BHP Steel changed its name to BlueScope Steel.[30]

In March 2005, BHP Billiton announced a US$7.3 billion agreed bid for another mining company, WMC Resources, owners of the Olympic Dam copper, gold and uranium mine in South Australia, nickel operations in Western Australia and Queensland, and a fertiliser plant also in Queensland. The takeover achieved 90 percent acceptance on 17 June 2005, and 100 percent ownership was announced on 2 August 2005, achieved through compulsory acquisition of the last 10 percent of the shares.[31]

On 8 November 2007, BHP Billiton announced it was seeking to purchase rival mining group Rio Tinto Group in an all-share deal. 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. It was unknown at the time whether BHP Billiton would attempt to purchase Rio Tinto through some form of hostile takeover;[32] however, CEO Marius Kloppers met with many of Rio's shareholders following the announcement and reiterated that the offer for Rio was "compelling" and that BHP Billiton is very "patient".[33] A formal hostile bid of 3.4 BHP Billiton shares for each Rio Tinto share was announced on 6 February 2008.[34] The bid was withdrawn on 25 November 2008 due to a global recession.[35]

On 14 May 2008, BHP Billiton shares rose to a record high of A$48.90 after speculation that Chinese mining firm Chinalco was considering purchasing a large stake. BHP Billiton representatives had no comment.[36]

On 25 November 2008, Billiton announced that it would drop its A$66 billion takeover of rival Rio Tinto Group saying that the "risks to shareholder value" would "increase" to "an unacceptable level" due to the global financial crisis.[37]

On 21 January 2009, the company announced that in response to the global financial crisis the BHP Billiton Ravensthorpe Nickel Project in Western Australia would cease operations, with a resultant discontinuation of shipments of ore from Ravensthorpe to the Yabulu nickel plant in Queensland Australia.[38] Subsequently the Yabulu refinery was sold to Queensland billionaire Mr Clive Palmer. Additionally, the Pinto Valley mine in the United States was closed. In total, 6,000 employees were laid off, including those laid off with the scaling back at some other projects.[39]

On 9 December 2009, BHP Billiton sold its Ravensthorpe Nickel Mine, which cost A$2.4 billion to build, to Vancouver-based First Quantum Minerals for US$340 million. First Quantum was one of three bidders for the mine and actually produced the lowest offer. The Canadian company plans to have the mine back in production in mid-2011. Ravensthorpe cost BHP US$3.6 billion in writedowns when it was shut in January 2009 after less than a year of production.[40]

In January 2010, after BHP Billiton bought Athabasca Potash for US$320m, The Economist reported that by 2020, BHP Billiton could produce approximately 15 percent of the world demand for potash.[41]

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.[42] 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 (coal, petroleum, 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.[43]

On 14 November 2010, the company announced that it was dropping its offer for Potash Corporation of Saskatchewan.[44]

2011 to present

On 22 February 2011 BHP announced that it paid $4.75 billion in cash to Chesapeake Energy Corp. for all of the company's 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 in the United States. The wells on the mineral leases are currently producing about 415 million cubic feet of natural gas per day. BHP plans to spend $800 million to $1 billion a year over 10 years to develop the field and triple production.[45]

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[46] in an offer of $US38.75 per share.[47]

In August 2012, BHP Billiton announced that it was shelving its US$20 billion (£12 billion) Olympic Dam copper and uranium mine expansion project in South Australia, as a result of falling commodity prices and slowing global economic growth.[48][49] The company simultaneously announced a freeze on approving any major new expansion projects.[48][49]

Days after announcing the Olympic Dam pull-out, BHP 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.[50]

On August 19, 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.[51] The newly formed entity, named South32, was subsequently demerged with listings on the Australian Securities Exchange the JSE and the London Stock Exchange.[51]

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).[52]

In 2017, BHP Billiton announced a $2.2billion investment in the new BP platform in the Gulf of Mexico.[53] During the same year, as part of their plan to increase productivity at the Escondida mine in Chile[54], 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%.[55]

Corporate affairs

The Australian BHP Billiton Limited and the British BHP Billiton Plc are separately listed with separate shareholder bodies, but they operate as one business with identical boards of directors and a single management structure. The global headquarters of the BHP Billiton Group & BHP Billiton Limited (Australia) are located in Melbourne, Australia. BHP Billiton Plc is located in London, United Kingdom.[1] BHP Billiton also has offices in Houston, USA, Santiago, Perth, Brisbane, Kuala Lumpur, Singapore and Shanghai.

The company's shares trade on the following exchanges:[56]

Senior management

In 1998, with the stock price at less than $7 per share, BHP hired an American, Paul Anderson to reconstruct the company. Anderson was successful in this and completed his four-year stint with a merger between BHP and London-based Billiton. The CEO position was passed to Brian Gilbertson of Billiton but in 2003, after just six months in the CEO role, Gilbertson abruptly stepped down and cited irreconcilable differences with the boards as the reason for his resignation.[57]

Upon Gilbertson's departure, Chip Goodyear, an Anderson protégé, was appointed the new CEO and he continued in that role until his retirement on 30 September 2007, with the stock price over $80 per share. Marius Kloppers was Goodyear's successor.[58] Following the end of Kloppers' tenure in 2013, Andrew Mackenzie, the Chief Executive of Non-Ferrous, assumed the role of CEO. In response to investor demands and a diminishing mining boom, BHP Billiton announced in mid-April 2013 that Mackenzie's remuneration package would be 25 per cent less than that of Kloppers—Barry Fitzgerald, writing for the Australian newspaper, stated that the decision represented the introduction of a "new era of austerity" for the corporation.[59]

Operations

Current

BHP Billiton operates a wide variety of mining, processing and oil and gas production operations in over 25 countries,[60] employing approximately 41,000 people.

The company has four primary operational units, with an optional fifth operational unit, referred to as Businesses:

At the end of fiscal year 2015, BHP Billiton, produced more than 256 million barrels of oil equivalent (MMboe), 1.7 million tonnes (Mt) of copper, 233 Mt of iron ore, 43 Mt of metallurgical coal and 41 Mt of energy coal.

In addition it has subsidiary logistics companies BHP Transport and Logistics Pty Ltd (incorporating the former BHP Shipping) and BHPB Freight Pty Ltd.

Mines and facilities

  • Algeria
    • Ohanet gas field
    • ROD gas field
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.

Former

The United Nations Environment Programme has noted that BHP’s Ok Tedi mine site’s "uncontrolled discharge of 70 million tonnes of waste rock and mine tailings annually has spread more than 10 km (6.2 mi) down the Ok Tedi and Fly rivers, raising river beds and causing flooding, sediment deposition, forest damage, and a serious decline in the area's biodiversity."[63] The resulting devastation caused by the mining of Ok Tedi has included the loss of fish, a vital food source for the local community; loss of forest and crops due to flooding; and the loss of "areas of deep spiritual value for villagers are now submerged in mine tailings."[64]

Corporate social responsibility

BHP Billiton voluntarily donates one per cent of pre-tax profit, calculated on the average of the previous three years’ pre-tax profit, in community programs[65] and made US$241.7 million of community donations including a US$100 million contribution to BHP Billiton corporate charitable entities.[66]

Environmental responsibility

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 Billiton is listed as one of the 90 companies extracting and marketing fossil fuels that are responsible for two-thirds of global greenhouse gas emissions since the beginning of the industrial age.[67] Its cumulative emissions until 2010 have been estimated at 7,606 MtCO2e, representing 0.52% of global industrial emissions between 1751-2010, and ranking it the 19th largest corporate polluter.[68] According to BHP Billiton management 10% of these emissions are from direct operations, while 90% are from products sold by the company.[69]

Although BHP Billiton has been voluntarily reporting its direct GHG emissions since 1996, it has been criticised in 2013 for lobbying against carbon pricing in Australia.[70]

On 5 November 2015 a dam holding back waste water from an iron ore mine in Mariana, south-eastern Brazil, owned by BHP Billiton and Vale burst, devastating a nearby town with mudslides, killing at least 17 people, injuring more than 50 and causing enormous environmental damage [71]

Accidents

Inclement weather caused a BHP Billiton helicopter to crash in Angola on 16 November 2007, killing the helicopter's five passengers. The dead 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 of MMC, British; and Louwrens Prinsloo of Prinsloo Drilling, Namibian. The helicopter went down approximately 80 km / 50 miles from Alto Cuilo exploration facility in north eastern Angola. BHP Billiton responded by suspending operations in the country.[72]

As mentioned before, on 5 November 2015 a mine dam holding back waste water from an iron ore mine in Mariana, South-Eastern Brazil, owned by BHP Billiton and Vale collapsed, devastating a nearby town with mudslides, killing at least 17 people, injuring more than 50 and causing an enormous ecological damage,[71] and threatening life along the river Rio Doce and the Atlantic sea near the mouth of the Rio Doce.[73] That is the biggest environmental disaster in the country's history.[74]

See also

References

  1. ^ a b "Our Structure". BHP Billiton. Retrieved 18 August 2010. {{cite web}}: Cite has empty unknown parameter: |1= (help)
  2. ^ a b c d e "BHP Billiton Limited 2015 Annual Report Form (10-K)". EDGAR. United States Securities and Exchange Commission. 27 February 2016. Retrieved 21 December 2015.
  3. ^ "BHP Billiton Annual Report 2014". Retrieved 14 October 2014.
  4. ^ a b "BHP Billiton merger confirmed". www.abc.net.au. 19 March 2001. Retrieved 18 April 2011.
  5. ^ a b c d "Billiton History". www.bhpbilliton.com. Retrieved 18 April 2011.
  6. ^ "Overview". Thaisarco. Retrieved 19 March 2016.
  7. ^ "Shell Unit Sells Assets To Gencor". New York Times. 27 July 1994. Retrieved 18 April 2011.
  8. ^ "Gencor pops champagne". Btimes.co.za. Retrieved 18 April 2011.
  9. ^ "BHP Billiton Energy Coal South Africa Proprietary Limited: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved 5 March 2017.
  10. ^ "Subscribe to read". www.ft.com. Retrieved 5 March 2017. {{cite web}}: Cite uses generic title (help)
  11. ^ "Subscribe to read". www.ft.com. Retrieved 5 March 2017. {{cite web}}: Cite uses generic title (help)
  12. ^ "South32 says output on track | IOL". Retrieved 5 March 2017.
  13. ^ Katy Barnato (16 August 2016). "World's largest mining firm records worst loss in its history". Cnbc.com. Retrieved 9 December 2016.
  14. ^ Hoyle, Rhiannon. "BHP Billiton lays out petroleum expansion plans". MarketWatch. Retrieved 5 March 2017.
  15. ^ "Shrinking the Big Australian". Findarticles.com. Retrieved 18 April 2011.
  16. ^ "Australian Business Records". Gabr.net.au. Retrieved 18 April 2011.
  17. ^ Wendy Lewis, Simon Balderstone and John Bowan (2006). Events That Shaped Australia. New Holland. p. 79. ISBN 978-1-74110-492-9.
  18. ^ a b c Jay, Christopher. (1999) A Future More Prosperous: The History of Newcastle Steelworks 1912–1999, The Broken Hill Proprietary Company Limited, Newcastle, p30.
  19. ^ Oxford Dictionary of National Biography
  20. ^ "Treasure Hill on Sheep Station". The Argus (Melbourne, Vic. : 1848 - 1957). Melbourne, Vic.: National Library of Australia. 2 September 1937. p. 8. Retrieved 20 July 2013.
  21. ^ Kent, H. S. K. "Darling, John (1852–1914)". Australian Dictionary of Biography. Canberra: National Centre of Biography, Australian National University. ISBN 978-0-522-84459-7. ISSN 1833-7538. OCLC 70677943. Retrieved 5 December 2013.
  22. ^ Jay, Christopher. (1999) A Future More Prosperous: The History of Newcastle Steelworks 1912–1999, The Broken Hill Proprietary Company Limited, Newcastle, p34.
  23. ^ Jay, Christopher. (1999) A Future More Prosperous: The History of Newcastle Steelworks 1912–1999, The Broken Hill Proprietary Company Limited, Newcastle, pp42-43.
  24. ^ History of Petroleum Exploration in Victoria Archived 4 October 2007 at the Wayback Machine
  25. ^ "The big, ugly Australian goes to Ok Tedi". Encyclopedia.com. 1 March 1996. Archived from the original on 12 January 2009. Retrieved 18 April 2011. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  26. ^ "Discovery of Diamonds in North West Territories". Pwnhc.ca. 15 October 2004. Retrieved 18 April 2011.
  27. ^ "BHP Billiton Completes Sale of Diamonds Business to Dominion Diamond Corporation". www.bhpbilliton.com. 10 April 2013. Retrieved 30 July 2015.
  28. ^ "Steel City without the Big Australian". Abc.net.au. 29 September 1999. Retrieved 18 April 2011.
  29. ^ "One Steel". Delisted.com.au. Retrieved 18 April 2011.[dead link‍]
  30. ^ "BlueScope Steel". BlueScope Steel. 15 July 2002. Retrieved 18 April 2011.
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  32. ^ "BHP makes £120bn Rio bid approach". BBC News Online. 8 November 2007. Archived from the original on 22 December 2008. Retrieved 8 November 2007. {{cite news}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
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