|
|
BHPBill - Petrohawk form
BHPBill confirmed that Petrohawk Energy Corporation (Petrohawk) has filed its 2011 Form-10K 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. BHPBill purchased Petrohawk on 20 August 2011 and therefore only consolidates its activities in its financial statements from that date.
|
|
Click here for original article
|
| |
BHPBill notice of dividend currency exchange rate
On 8 February 2012 we declared an interim dividend for the half year ended 31 December 2011 of 55 US cents per share. The currency exchange rate applicable for the dividend payable in South African cents to shareholders on the BHP Billiton Plc branch register is set out below:
- Dividend per share: 55 US cents
- Exchange rate; 7.617500
- Dividend per ordinary share in local currency: 418.962500 South African cents
The exchange rates applicable to the BHP Billiton dividend being paid in other currencies will be based on the foreign currency exchange rates on the Record Date, being 2 March 2012, and announced to the market on 5 March 2012. BHP Billiton Plc shareholders registered on the South African section of the register will not be able to dematerialise or rematerialise their shareholdings between the dates of 27 February and 2 March 2012, both dates inclusive, nor will transfers between the UK register and the South African register be permitted between the dates of 24 February and 2 March 2012, both dates inclusive. The dividend will be paid on Thursday, 22 March 2012.
|
|
Click here for original article
|
| |
BHPBill prices USD5.25 billion bond
BHPBill has priced a five tranche Global Bond under its debt shelf registration statement, which has been previously filed with the US Securities and Exchange Commission. The Global Bond comprises USD1 000 million Senior Floating Rate Notes due 2014 paying interest at three-month US Dollar LIBOR plus 27 basis points, USD1 000 million 1.000% Senior Notes due 2015, USD1 250 million 1.625% Senior Notes due 2017, USD1 000 million 2.875% Senior Notes due 2022, and USD1 000 million 4.125% Senior Notes due 2042. The proceeds will be used for debt refinancing, including the retirement of commercial paper, and general corporate purposes.
|
|
Click here for original article
|
| |
BHPBill -- investment and ore reserve increase
BHPBill approved a total investment of USD2.6 billion in two projects that will underpin higher production at Escondida over the next decade. Organic Growth Project 1 (OGP1) will replace the Los Colorados concentrator with a new 152 000 tonne per day (tpd) plant and allow access to higher grade ore located underneath the existing facilities. Construction will begin in February 2012 with commissioning anticipated the first half of the 2015 calendar year. The project will cost USD3.8 billion, (USD2.2 billion BHPBill share) and is expected to create up to 7 000 jobs during the construction phase.
BHPBill also approved the Oxide Leach Area Project (OLAP) which creates a new dynamic leaching pad and mineral handling system that will include several overland conveyers. The new pad will maintain oxide leaching capacity at current levels following the exhaustion of the existing heap leach in the 2014 calendar year. OLAP is expected to cost USD721 million (USD414 million BHPBill share) with commissioning anticipated in the middle of the 2014 calendar year. Approximately 2 500 jobs will be created during the construction phase.
In addition, BHPBill announced a 17 per cent increase in the mineral resources and a 25 per cent increase in the ore reserves at Escondida following successful brownfield exploration and accelerated in-fill development drilling programs. The reserve increase also reflects the approval of OGP1, as most lower grade sulphide ore is now expected to be treated through the flotation circuit with an associated increase in process recoveries. A new resource at Chimborazo, based on more than 115 000 metres of drilling averaging 530 metres in depth, was also declared. The resource is being evaluated as potential feed for Escondida's Sulphide Leach processing facilities.
Escondida is located 3 100 meters above sea level, 170km South-East of the City of Antofagasta in Chile. It is owned by BHPBill (57.5%), Rio Tinto (30.0%), JECO Corporation (10.0%) and JECO 2 Ltd (2.5%). BHPBill operates the Escondida mine.
|
|
Click here for original article
|
| |
BHPBill -- initial work approved for harbour
BHPBill announced approval of USD917 million (BHPBill share USD779 million) in pre-commitment funding for the construction of a 100 million tonne per year outer harbour facility associated with its Western Australia Iron Ore operations. The project, which is expected to be reviewed for full approval in the fourth quarter of calendar year 2012, has an embedded option to expand by a further 100 million tonnes per year. The funds approved will enable the company to progress feasibility studies and the procurement of long lead time items. It will also allow for dredging to begin, subject to the necessary regulatory approvals. In parallel with this work, engineering studies are underway to match mine and rail expansions to the expanded port capacity. The first phase of the Outer Harbour Development would include the proposed construction of a four kilometre jetty, a four-berth wharf, 32 kilometres of dredged departure channel and landside infrastructure, including stockyards and a rail spur. Start-up would be in the first half of calendar year 2016.
|
|
Click here for original article
|
| |
BHPBill -- divestment of interest
BHPBill has exercised an option to sell its 37% non-operated interest in Richards Bay Minerals (RBM) to Rio Tinto and will exit the titanium minerals industry. RBM is a South African mineral sands mining and smelting operation and the leading producer of chloride titanium feedstock. BHPBill holds a 37% equity stake in RBM with equity partners Rio Tinto (37%), Black Economic Empowerment (BEE) parties (24%) and employees (2%). Rio Tinto manages the operation and is responsible for the marketing of RBM's products. As part of the restructuring of RBM in 2009, BHPBill and Rio Tinto concluded a put option agreement that made provision for BHPBill to sell its interest in RBM to Rio Tinto pursuant to an agreed valuation process. The parties will work together to facilitate a smooth transfer of BHPBill's stake. Completion of the sale is conditional upon the fulfilment of customary regulatory approvals with the final consideration to be determined according to the agreed valuation process.
|
|
Click here for original article
|
| |
| |
|
| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
| |
|
|
