|
|
BHP Billiton delists in Paris
BHP Billiton announced today, 24 Mar 04, that it has delisted from Euronext Paris. The ordinary shares of BHP Billiton Plc are therefore no longer admitted to trading on a regulated market in France. Shareholders who were affected by the delisting could dispose of their shares prior to the delisting via a voluntary sales facility set up by the company on the London Stock Exchange. Those who did not take advantage of the sales facility can continue to trade their shares on the London Stock Exchange.
|
|
Click here for original article
|
| |
BHPBilliton declares second interim dividend
Following BHP Billiton's decision to cease quarterly reporting of financial results, the board has announced today, 23 Mar 04, its intention to align its dividend declaration dates with its half year and full year earnings announcements. As a result of this decision, BHP Billiton has today announced a second interim dividend of 8.5 US cps.The currency conversion date is 19 Mar 04. The rate of exchange is R6.626434:USD1. The last day to trade on the JSE is 6 Apr 04. The dividend is payable on 5 May 04.
|
|
Click here for original article
|
| |
BHPBilliton approves Ravensthorpe Nickel Project
BHP Billiton today, 23 Mar 04, announced approval for the development of the Ravensthorpe Project and related expansion of the Yabulu Nickel Refinery in Australia. The combined project includes the development of a mine, treatment plant and associated infrastructure near Ravensthorpe, Western Australia and the expansion of the QNI Yabulu Refinery near Townsville in Queensland. The capital cost for the combined project is expected to be USD1.4bn, with a capital intensity of approximately USD12.7/lb of annual nickel production. The Ravensthorpe processing plant will employ an Enhanced Pressure Acid Leach (EPAL) hydrometallurgical process, which is a combination of pressure acid leach and atmospheric leach, producing a mixed nickel and cobalt hydroxide intermediate product (MHP). The MHP will contain up to 50 000tpa nickel and 1 400tpa cobalt and will be packaged and shipped through the Port of Esperance to Townsville for final refining at the QNI Yabulu Refinery. The project will increase nickel production capacity from the expanded Yabulu Refinery by more than 140% from 31 200tpa to an estimated 76 000tpa, with the life of the refinery being extended by approximately 25 years.
|
|
Click here for original article
|
| |
BHPBilliton three year profit forecasts raised
Analysts at Deutsche Bank have raised the profit forecasts for BHP Billiton for the next three years based on expected benefits from high iron ore and coking coal prices. The 2004 profit estimate was raised to 54.4cps from 54.1cps. The forecast for 2005 was increased to 75.6cps (74.7cps), while the 2006 forecast was raised to 75.4cps (74.2cps).
|
| |
BHP Billiton management announcement
BHP Billiton announced today, 16 Mar 04, the resignation of Mike Oppenheimer as president of BHP Billiton's Energy Coal Customer Sector Group following an internal reorganisation.
|
|
Click here for original article
|
| |
BHP Billiton appoints President Gas and Power
BHP Billiton announced today, 16 Mar 04, the appointment of Rebecca McDonald as President Gas and Power and a member of the BHP Billiton Executive Committee. Ms McDonald was an executive director of Enron International from 1999 until May 2001.
|
|
Click here for original article
|
| |
BHP Billiton streamlines organisation structure
BHP Billiton announced today, 16 Mar 04, that it had modified its organisation structure to streamline reporting and maximise the operational effectiveness of the company. The office of the chief executive, the principal managerial decision-making body in the group, will now comprise the following positions:
- chief executive officer & executive director - Chip Goodyear
- group president non-ferrous materials & executive director - Mike Salamon
- group president carbon steel materials - Bob Kirkby
- group president energy - Phil Aiken
- chief commercial officer - Marius Kloppers
- chief financial officer - Chris Lynch
- chief legal counsel - John Fast
- group vice president human resources - Ian Fraser
These changes are effective immediately.
|
|
Click here for original article
|
| |
BHPBilliton closes two mines for safety tests
BHP Billiton has closed down two of its chrome mines in South Africa following a fatal accident that claimed the life of an employee. The close down has been scheduled for two weeks, but the mines will be closed as long for as it is needed to solve problems of safety. The company said there had been concerns over safety issues at Samancor Chrome for a while. Billiton's customers had been warned that delivery would be delayed, but not to a great extent because the company has large stocks.
|
| |
BHPBilliton appoints new Base Metals president
BHP Billiton announced today the appointment of Mr. Diego Hernandez as President of its Base Metals Customer Sector Group and a member of the BHP Billiton Executive Committee. In this role Mr. Hernandez will have responsibility for all aspects of BHP Billiton's Base Metals business including strategy, operations and project development. Mr. Hernandez has extensive experience in the metals and mining industry and joins BHP Billiton from Cia. Vale Do Rio Doce (CVRD) where he was most recently Executive Director responsible for CVRD's Non Ferrous metals division. Prior to this from 1996 to 2001 he was President and CEO of Compania Minera Collahuasi, overseeing the development of the Collahuasi copper mine in Chile, the fourth largest copper mine in the world.
|
|
Click here for original article
|
| |
BHPBill in USD9bn Chinese joint venture
BHP Billiton today (1 Mar 04) announced its intention to enter into the Wheelarra Joint Venture with four of China's leading steel mills. The joint venture will secure the sale to the mills of approximately 12Mtpa of iron ore. The joint venture will be BHP Billiton's largest ever commercial agreement with Chinese steel mills, with sales of iron ore expected to total USD9bn over the next 25 years. The steel mills are: Wuhan Iron and Steel (Group) Corporation ("WUGANG"), Maanshan Iron and Steel Company Ltd ("MAGANG"), Jiangsu Shagang Group Co Ltd ("SHAGANG"), Tangshan Iron and Steel (Group) Co Ltd ("TANGGANG"). Under the joint venture, the Chinese steel mills will take a 40% interest in a sub-lease over BHP Billiton's Jimblebar mine, near Newman in Western Australia. BHP Billiton will retain a 51% interest, with Japanese joint venture partners CI Minerals Australia and Mitsui Iron Ore Corporation taking a 4.8% and 4.2% interest respectively. BHP Billiton CEO Chip Goodyear said the company was pleased to be part of a unique venture that would see, for the first time, a partnership with a group of Chinese steelmakers to ensure a stable, long-term supply of iron ore to their own operations. "The Wheelarra Joint Venture will underpin a major export agreement between Australia and China and will cement an ongoing economic partnership between BHP Billiton as a leading supplier of raw materials and China as a major industrial nation," he said. "We expect the relationship between China and BHP Billiton will provide further opportunities for our other businesses, notably metallurgical coal and manganese." The Wheelarra Joint Venture agreement is expected to be formalised in Australia soon. BHP Billiton will immediately begin shipping an additional four to six Mtpa to the Chinese mills, approximately doubling its total sales to these customers in 2004.
|
|
Click here for original article
|
| |
| |
|
| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
| |
|
|
