|
|
BHPBill may reduce some products
According to Business Report, BHPBill may reduce some of its assets and products over the period from 2012-2022 as spending increases on shale gas, iron ore, coking coal and potash. CE Marius Kloppers said that he thinks "in 10 years' time, the portfolio, in terms of number of assets and in terms of number of products will be smaller than it is today." During 2011 BHPBill has acquired almost USD17 billion of shale gas assets in the US and approved USD1.2 billion for the Olympic Dam project in Australia. Kloppers added that the group will not make big investments in nickel and aluminium as these "are not areas where we are comfortable spending large amounts of capital."
|
| |
BHPBill - Petrohawk form
BHPBill confirmed that Petrohawk Energy Corporation (Petrohawk) has filed its September 2011 Form-10Q with the United States Securities and Exchange Commission (SEC) as required to comply with its obligations under certain of its Financial Agreements (as defined in its filing) which remain outstanding following the acquisition by BHP Billiton Ltd. Petrohawk's financial statements are prepared utilising U.S. accounting standards whereas BHP Billiton financial statements are prepared using International Financial Reporting Standards and will include the impact of the purchase price paid for Petrohawk. BHP Billiton purchased Petrohawk on 20 August 2011 and therefore will only include activity from that date in its consolidated financial statements.
|
|
Click here for original article
|
| |
| |
|
| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
| |
|
|
