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BHPBill settles iron ore prices
BHP Billiton today announced it had reached agreement with a number of its Japanese, Korean and European steel customers on prices for contracted iron ore tonnage for the 2006 contract year. Prices increased by 19% over prices negotiated in respect of the 2005 year across the range of lump and fines iron ore products supplied by BHP Billiton.
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BHPBill -- ruling on open access to Newman railway
BHPBill, on 23 May 06, welcomed the decision by the Federal Treasurer to effectively reject a recommendation by the National Competition Council to declare open access to the company's Mt Newman railway tracks. BHPBill CEO, Chip Goodyear, said that if any appeal was lodged, the company would continue to vigorously defend its position. "In the case of an appeal, we are confident that the ultimate outcome will be determined in accordance with Australia's best interests. That is, the railway line will not be declared," he said.
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BHPBill completes USD2 billion capital return
BHPBill announced that it has successfully completed the USD2 billion capital management programme announced in February 2006, buying back a total of 114.82 million shares, or 1.9% of the issued share capital of the BHP Billiton Group. BHP Billiton Chief Financial Officer, Alex Vanselow, said the rapid completion of the programme demonstrated BHPBill's commitment to enhancing shareholder value.
The AUS2.25 billion (USD1.6 billion) off-market buy-back of 96.0 million shares in BHP Billiton Ltd was completed on 3 April 2006 at a price of AUS23.45 per share, representing a discount of 14% to the volume weighted average price of BHP Billiton Ltd shares over the 5 trading days up to and including the closing date of the buy-back. The on-market buy-back of shares in BHPBill commenced on 27 April 2006 and was completed on 17 May 06. A total of 18.82 million shares have been bought back at an average price of 1153.56 pence (totalling GBP217 million or USD403 million). This represents a discount to the average BHP Billiton Ltd share price over the period of 8.8%.
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BHPBill -- repurchase of shares
BHPBill purchased 1 500 000 of its ordinary shares on 16 May 06 at an average price of 1091.508333 pence per ordinary share. It is intended that all of the purchased shares will be held as treasury shares. Following the above purchase, BHPBill holds 18 820 000 of its ordinary shares as treasury shares. The total number of ordinary shares in issue (excluding shares held as treasury shares) is 2 449 327 002.
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BHP disposes of Tintaya mine
BHPBill announced on 16 May 06 that it reached agreement to sell its Peruvian Tintaya mine to Xstrata plc ("Xstrata"). The sale also includes the nearby undeveloped deposits of Antapaccay and Corrocohuayco. Total consideration for the sale is USD750 million; this number comprises USD634 million for the shares plus the assumption of UD$116 million of debt. In addition to this upfront payment, the sale includes a deferred payment component which will be determined shortly after completion and based on current price levels is expected to be in the order of USD60 million. The transaction is expected to be completed within two months with an effective date of 1 June 2006. Additional payments will be made by Xstrata to BHPBill in specified circumstances if the future LME copper price reaches certain levels between July 2008 and June 2009, or the development of Antapaccay or Corrocohuayco proceeds prior to 2020.
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BHPBill repurchases shares
BHPBill announced that on 15 May 2006 it purchased 1 750 000 of its ordinary shares at an average price of GBP1100.182143p per ordinary share. It is intended that all of the purchased shares will be held as treasury shares. Following the above purchase, the group holds 17 320 000 of its ordinary shares as treasury shares. The total number of ordinary shares in issue (excluding shares held as treasury shares) is 2 450 827 002.
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BHPBill repurchases shares
BHPBill announced on 12 May 2006 that it purchased 2 500 000 of its ordinary shares at an average price of GBP1176.87p per ordinary share. It is intended that all of the purchased shares will be held as treasury shares. Following the above purchase, BHPBill holds 15 570 000 of its ordinary shares as treasury shares. The total number of ordinary shares in issue (excluding shares held as treasury shares) is 2 452 577 002.
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BHPBill -- share repurchase
BHPBill announced that on 10 May 2006 it purchased 1 700 000 of its ordinary shares at an average price of 1203.9847 pence per ordinary share. It is intended that all of the purchased shares will be held as treasury shares. Following the above purchase, BHPBill holds 13 070 000 of its ordinary shares as treasury shares. The total number of ordinary shares in issue (excluding shares held as treasury shares) is 2 455 077 002.
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BHPBill -- share repurchase
BHPBill announced that on 9 May 06 it purchased 1 400 000 of its ordinary shares at an average price of 1175.3902 pence per ordinary share. It is intended that all of the purchased shares will be held as treasury shares. Following the above purchase, BHPBill holds 11 370 000 of its ordinary shares as treasury shares. The total number of ordinary shares in issue (excluding shares held as treasury shares) is 2 456 777 002.
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BHPBill -- sale of Southern Cross fertilisers
BHP Billiton announced that it has entered into an agreement for the sale of Southern Cross Fertilisers Pty Ltd (SCF) to Incitec Pivot Ltd. SCF produces high-analysis phosphate fertilisers from its facilities in northern Queensland and was originally acquired by BHP Billiton as part of the acquisition of WMC Resources Ltd (WMC). The WMC fertilisers business was identified as a non-core asset at the time of the acquisition and its sale follows the earlier sale of SCF's one third interest in Hi-Fert Pty Ltd in December 2005. Completion of the transaction is expected to occur during July 2006, following the conclusion of SCF's scheduled triennial major maintenance outage, with the final consideration subject to working capital adjustments, if any. Completion is subject to the Australian Competition and Consumer Commission not opposing the sale.
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BHPBill repurchases shares
BHPBill announced that on 8 May 2006 it purchased 1 500 000 of its ordinary shares at an average price of GBP1201.78p per ordinary share. It is intended that all of the purchased shares will be held as treasury shares. Following the above purchase, the company holds 9 970 000 of its ordinary shares as treasury shares. The total number of ordinary shares in issue (excluding shares held as treasury shares) is 2 458 177 002.
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BHPBill share repurchase
BHPBill announced that on 5 May 2006 it purchased 400 000 of its ordinary shares at an average price of GBP 1178.9831p per ordinary share. It is intended that all of the purchased shares will be held as treasury shares. Following the above purchase, BHPBill holds 8 470 000 of its ordinary shares as treasury shares. The total number of ordinary shares in issue (excluding shares held as treasury shares) is 2 459 677 002.
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BHPBill -- share repurchase
On 4 May 2006 BHP Billiton purchased 820 000 of its ordinary shares at an average price of GBP1142.3560p per ordinary share. It is intended that all of the purchased shares will be held as treasury shares. Following the above purchase, BHP Billiton holds 8 070 000 of its ordinary shares as treasury shares. The total number of ordinary shares in issue (excluding shares held as treasury shares) is 2 460 077 002.
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BHPBill -- share repurchase
On 3 May 2006 BHP Billiton purchased 2 500 000 of its ordinary shares at an average price of GBP1163.8441p per ordinary share. It is intended that all of the purchased shares will be held as treasury shares. Following the above purchase, BHP Billiton holds 7 250 000 of its ordinary shares as treasury shares. The total number of ordinary shares in issue (excluding shares held as treasury shares) is 2 460 897 002.
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BHPBill repurchases shares
BHPBill purchased 1 500 000 of its ordinary shares at an average price of GBP1156.035p per ordinary share. It is intended that all of the purchased shares will be held as treasury shares. Following the purchase, the group holds 4 750 000 of its ordinary shares as treasury shares. The total number of ordinary shares in issue (excluding shares held as treasury shares) is 2 463 397 002.
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BHPBill -- share repurchase
On 28 April 2006 BHP Billiton purchased 1 400 000 of its ordinary shares at an average price of GBP1125.5965p per ordinary share. It is intended that all of the purchased shares will be held as treasury shares. Following the above purchase, BHP Billiton holds 3 250 000 of its ordinary shares as treasury shares. The total number of ordinary shares in issue (excluding shares held as treasury shares) is 2 464 897 002.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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