BHP Billiton Restructures For Growth, Continuing Reign As Global Mining Giant
- Reportedly, BHP will spin off a number of assets into a new company, aptly-named NewCo, to be listed on Australian stock exchange and in Johannesburg.
- NewCo will take charge of businesses that aren't seen as essential to BHP's future, while BHP will continue to focus on iron ore, copper and potash.
- Continued experimentation has proved successful for BHP, having reported a 23% increase in net profit for 2013 and increased cash flow in 2014 by over $8 billion.
- With an added dividend increase of 4%, it appears BHP is quite confident in its future—we suggest investors be so, as well.