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July 01, 2015 12:04 PM ET

Metals and Mining

Company Overview of BHP Billiton Group

Company Overview

BHP Billiton Group operates as a natural resources company. It produces primary aluminum, copper, lead, zinc, manganese, petroleum, nickel, uranium, steel, diamonds, silver, and titanium minerals. The company also offers seaborne iron ore and seaborne traded hard coking coal. In addition, it produces and markets thermal coal for the power markets in Europe, Asia, and the United States. It has operations in Australia, the United Kingdom, the Gulf of Mexico, Pakistan, Algeria, Singapore, the Hague, and the Netherlands. BHP Billiton Group was founded in 2001 and is based in Melbourne, Australia.

180 Lonsdale Street

Melbourne, VIC 3000

Australia

Founded in 2001

Phone:

61 3 0055 4757

Fax:

61 3 9609 3015

Key Executives for BHP Billiton Group

Chief Financial Officer and Group Executive
Age: 53
President of Corporate Affairs
Age: 45
President of Human Resources
Adviser to the Chief Executive Officer
Age: 55
Vice President of Group Reward and Recognition
Compensation as of Fiscal Year 2015.

BHP Billiton Group Key Developments

BHP Billiton Reportedly Contender For Zaldivar

BHP Billiton Group-led consortium has emerged as a possible buyer for the acquisition of Zaldivar copper mine in Chile from Barrick Gold Corporation (TSX:ABX). Final bids for Zaldivar are due in July 1015. It has been speculated that BHP could lodge a second-round bid with Rio Tinto Group and a Mitsubishi Corporation (TSE:8058) led Japanese consortium. Barrick has offered up to 50% stake which could fetch $1 billion, but is understood to be open to a full sale.

South32 Mulls Acquisitions

South32 Ltd. is seeking acquisitions. After the split from BHP Billiton Group, South32 will consider acquisitions of any commodity, other than gold, Chief Executive Officer Elect Graham Kerr said. "We're not over-geared, we're not over-leveraged. We don't have that problem that a lot of our peers will in the industry," Graham Kerr told reporters. "If we do go into the M&A space it will be opportunistic and it will be only where we see value, and we'd have to sell that story very strongly to our shareholders," Graham Kerr said.

BHP Billiton Group Announces Group Financial Results for the Six Months Ended December 31, 2014; Provides Capital and Exploration Expenditure Guidance for the Year of 2015 and 2016

BHP Billiton Group announced group financial results for the six months ended December 31, 2014. For the period, the company reported profit from operations (EBIT) was $8,817 million against $12,933 million a year ago. Attributable profit was $4,265 million or $80.0 per diluted share against $8,107 million or $151.9 per diluted share a year ago. Underlying EBITDA was $14,494 million against $16,518 million a year ago. Underlying EBIT was $9,226 million against $12,382 million a year ago. Underlying attributable profit was $5,352 million or $100.7 per share against $7,761 million or $145.9 per share a year ago. Capital and exploration expenditure (BHP Billiton share) was $6,382 million against $8,289 million a year ago. Net debt, comprising interest bearing liabilities less cash, finished the period at $24.9 billion, a decrease of $847 million compared to the net debt position at 30 June 2014. Revenue was $29,900 million against $33,948 million a year ago. Profit before taxation was $8,585 million against $12,405 million a year ago. Net operating cash flows were $10,423 million compared with $11,859 million a year ago. Purchases of property, plant and equipment was $6,772 million against $8,605 million a year ago. Exploration expenditure was $422 million against $504 million a year ago. Purchase of intangibles was $64 million against $65 million a year ago. For the year of 2015, the company's expected to support a reduction in forecast capital and exploration expenditure for the 2015 financial year to $12.6 billion, 15% below original guidance. For the year of 2016, the company's expected capital and exploration expenditure will further reduce to $10.8 billion in the 2016 financial year.

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