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BHPBill - completes sale of assets
BHPBill has completed the sale of its Fayetteville Onshore US gas assets to a wholly owned subsidiary of Merit Energy Company (Merit). Merit acquired 100% of the issued share capital of BHP Billiton Petroleum (Arkansas) Inc. and 100% of the membership interests in BHP Billiton Petroleum (Fayetteville) LLC, which hold the Fayetteville assets, for a total consideration of USD0.3 billion.
Completion of the sale of BHP’s interests in the Eagle Ford, Haynesville and Permian Onshore US oil and gas assets to BP American Production Company (a subsidiary of BP Plc) is expected to occur by the end of October 2018. Completion of that sale is subject to the satisfaction of customary regulatory approvals and conditions precedent.
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BHPBill - economic contribution report
BHP's Economic Contribution Report ("Report") for the year ended 30 June 2018 was released on Tuesday, 18 September 2018.
BHP has a long-standing commitment to transparency. The Company believes it enhances understanding, builds trust and holds us and others to account.
BHP has disclosed details of our tax and royalty payments for more than 18 years and during that time we have continually updated and expanded our disclosures. As in prior years, the Report discloses our total direct economic contribution, including the taxes and royalties we paid on a country-by-country and project-by-project basis. We also disclose additional voluntary information, such as details of each of our subsidiary entities in 'tax haven' countries and tax incentives we have been granted by some of our host governments.
The Report complies with a number of different transparency regimes. The information on our payments to governments is set out in accordance with the UK Regulations, which implement the EU Accounting Directive. By issuing the Report, we comply with the Australian Voluntary Tax Transparency Code. Beyond these requirements, this year, we disclose for the first time our profit, number of employees and effective tax rates in the key countries in which we operate.
The full Report in PDF and in XML format has been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.morningstar.co. uk/uk/NSM.
They are also available to be downloaded on the BHP website at:
PDF: www.bhp.com/investor-centre/-/media/documents/investors/annual-reports/ 2018/bhpeconomiccontributionreport2018.pdf
XML format: www.bhp.com/investor-centre/-/media/documents/investors/annual-reports/ 2018/bhpeconomiccontributionreport2018.xml
BHP is proud of the value we generate and how this contributes to building trust with the communities in which we operate. The economic contribution we make is an important part of this. Our total direct economic contribution for FY2018 was USD33.9 billion. This included payments to suppliers, wages and benefits for our more than 62 000 employees and contractors, dividends, taxes and royalties, and USD77.1 million voluntarily invested in social projects across our host communities.
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BHPBill - annual report
The following documents have been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.morningstar.co.uk/uk/NSM
Annual Report 2018
www.bhp.com/investor-centre/-/media/documents/investors/annual- reports/2018/bhpannualreport2018.pdf
Sustainability Report 2018
www.bhp.com/investor-centre/-/media/documents/investors/annual- reports/2018/bhpsustainabilityreport2018.pdf
US Annual Report (Form 20-F)
www.bhp.com/investor-centre/-/media/documents/investors/annual- reports/2018/bhpform20f2018.pdf
Economic Contribution Report 2018
www.bhp.com/investor-centre/-/media/documents/investors/annual- reports/2018/bhpeconomiccontributionreport2018.pdf
XML format of the Economic Contribution Report 2018
www.bhp.com/investor-centre/-/media/documents/investors/annual- reports/2018/bhpeconomiccontributionreport2018.xml
BHP Billiton Plc Notice of Meeting 2018
www.bhp.com/-/media/documents/investors/annual- reports/2018/bhpnoticeofmeetingplc2018.pdf
Proxy Form (UK Principal Register)
Proxy Form (South Africa Branch Register)
The documents (with the exception of the Proxy Forms) may also be accessed via BHP’s website - bhp.com - or using the web links above.
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BHPBill - dividend currency exchange rates
On 21 August 2018, the Board of BHPBill determined to pay a final dividend of USD63 cents per share for the year ended 30 June 2018. As noted in the dividend determination on 21 August 2018, the currency conversion for Australian cents, British pence and New Zealand cents will be based on the foreign currency exchange rates on the Dividend Reinvestment Election date, 10 September 2018, and for South African cents one week before the Record Date on the JSE Ltd., which was 31 August 2018.1
The following table sets out the currency exchange rates applicable for the dividend:
Dividend USD63 cents per share : Exchange rate in local currency & Dividend per ordinary share
- South African cents : 14.654500 & 923.233500
The dividend will be paid on 25 September 2018.
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BHPBill - copper update
BHPBill has entered into an agreement with Guyana Goldfields Inc. (Guyana) to acquire its 6.1 per cent interest in SolGold Plc (SolGold), the majority owner and operator of the Cascabel porphyry copper-gold project in Ecuador.
BHPBill Chief Executive Officer, Andrew Mackenzie, said the investment in SolGold would give BHPBill exposure to a high quality copper exploration project in Ecuador, which is a highly prospective location for BHPBill.
Under the terms of the agreement with Guyana, BHPBill will acquire 103.1 million shares in SolGold. SolGold is listed on the London Stock Exchange (LSE) and the Toronto Stock Exchange.
The purchase price payable by BHPBill is 26.592 pence per SolGold share, representing a 20 per cent premium to the 20 day volume-weighted average LSE price of 22.16 pence per share as determined on 4 September 2018.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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