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BHP Billiton - appointment of Mr Wayne W. Murdy
Mr Wayne W. Murdy as a Director of BHP Billiton Plc and BHP Billiton Ltd
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BHPBill looking to acquisitions after Rio deal
The Sunday Times Business Times reported that BHPBill will push for more acquisitions after completing an iron ore joint venture with Rio Tinto. Analysts believe that BHPBill will move circumspectly. Some investors have urged BHPBill to take advantage of its strong balance sheet and snap up takeovers, but analysts think this is unlikely. Rebecca O'Dwyer of Investec Securities commented that CEO Marius Kloppers "has made clear that he won't let himself be pressured into simply spending money" because they are in a better position than rival miners.
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BHP Billiton - board appointment
BHP Billiton Chairman Don Argus announced the appointment of a new Non- executive Director, Mr Wayne Murdy to the BHP Billiton Board, effective 18 June 2009. Further information on BHP Billiton can be found on our website: www.bhpbilliton.com
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BHPBill to benefit from Rio deal
The Financial Mail has put a "buy recommendation" on BHPBill's shares, viewing the joint venture between the company and Rio Tinto as very positive. The two miners have entered into an agreement that will combine their iron ore assets in Australia. This is what BHPBill has wanted for a long time. Rio Tinto will receive USD5.8 billion from BHPBill to enter the 50/50 partnership. BHPBill looks set to gain all the advantages it would have got if its bid for Rio Tinto had been successful, but now without large amounts of debt and the problems associated with a merger.
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BHPBill -- coal price agreed upon
BHPBill announced that terms for a significant portion of 2009 BHP Bill metallurgical coal contracts have been concluded following settlements with key global customers. Based on settlements to date, USD FOB prices for prime metallurgical coal products are expected to decrease by approximately 58% from 2008 levels.
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BHPBill releases final dividend dates
Further to BHPBill's announcement on 26 May 2009 of the proposed dates for the 2009 final dividend, the following amendments have been required in respect of the South African branch register of BHP Bill:
- Last day to trade on JSE Ltd and currency conversion into rand on 28 August 2009
- BHPBill shareholders registered on the South African section of the register will not be able to dematerialise or rematerialise their shareholdings between the dates of 31 August and 4 September 2009, both dates inclusive. Transfers between the UK register and the South African register will not be permitted between the dates of 28 August and 4 September 2009, both dates inclusive.
All other dates previously announced remain unchanged.
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BHP Billiton - iron ore joint venture
Rio Tinto and BHP Billiton today signed a non-binding agreement to establish a production joint venture covering the entirety of both companies Western Australian iron ore assets. The joint venture will encompass all current and future Western Australian iron ore assets and liabilities and will be owned 50:50 by BHP Billiton and Rio Tinto.
The joint venture is expected to unlock significant value from the companies` overlapping, world-class resources. Both companies believe the net present value of these unique production and development synergies will be in excess of USD10 billion.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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