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BHP Billiton Limited (BHP)

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  • Aug. 20, 2013, 8:40 AM
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  • Jul. 17, 2013, 3:17 AM
    BHP Billiton's (BHP) iron ore output rose 9% in FY 2013 to a record 187M tons, a figure that should grow this year as the company maintains plans to boost annual capacity to 220M tons by December. The increase in production at BHP, as well as at Rio Tinto (RIO), comes despite the slowdown in growth in China, a major export market. The strategy of the majors is to tighten their grip on the market and maximize economies of scale while other miners struggle. "As long as they keep margins well ahead of a declining iron ore price, they are winning," says analyst Gavin Wendt. (PR)
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  • Feb. 20, 2013, 8:19 AM
    BHP Billiton's (BHPnew CEO will take over as the miner suffers its worst profit drop in more than a decade, slumping 58% in H1 to $4.2B. Revenues fell 14%. Says it cut $944M in costs over the past half year, but did not outline a broader target for cost cuts. Believes global economy will strengthen over the next 12 months, providing support for commodities demand and pricing. Shares -2.5% premarket.
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  • Nov. 8, 2012, 8:52 AM
    Losses at BHP Billiton's (BHP) U.S. shale-gas operation Petrohawk Energy deepened in Q3 due to continued weakness in natural gas prices. BHP reports a loss from continuing operations before income tax of $211M for the nine months to Sept. 30 for Petrohawk vs. a profit of $201M in the year-earlier period.
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  • Aug. 22, 2012, 2:58 AM
    BHP Billiton (BHP): H2 profit before items -35% to $7.16B vs. consensus of $6.96B. Abandons $20B Olympic Dam copper expansion and will look at a "less capital intensive option." Won't approve any new projects until at least mid-2013. It's the biggest sign of how China's slowdown has stalled the global mining boom. (PR)
  • Jun. 24, 2012, 4:39 AM
    Australia's 30% mining tax is going to be a bit of a bust, predicts UBS, but it's still going to hit corporate earnings. The bank estimates that the tax will generate A$3.2B in FY 2013 and 2014, under half the Treasury's forecast of $6.5B. And citing the mining and carbon charges, the bank cut its profit estimate for BHP and Rio Tinto (RIO) by 4%.
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  • Feb. 8, 2012, 3:42 AM
    More on BHP (BHP) H1: Performance hurt by lower output at BHP’s Australian coal ops because of floods, strikes and lower copper output in Chile, lower metal prices, and higher costs. Gives "cautious" market outlook due to EU debt crisis, and general manufacturing and construction weakness. Shares flat in London. (PR .pdf)
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  • Feb. 8, 2012, 3:38 AM
    BHP Billiton (BHP): H1 net profit -5.5% to $9.94B vs consensus of $10B, revenue +9.7% to US$37.48B. Ups dividend to $0.55 from $0.46 a year earlier. (PR .pdf)
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  • Aug. 24, 2011, 5:25 AM
    Don't expect any share buybacks from BHP Billiton (BHP), CEO Marius Kloppers says on today's earnings call, noting its $12.1B acquisition of Petrohawk Energy (HK) will absorb any extra cash. Rival Rio Tinto (RIO) boosted its buyback to $7B from $5B earlier this month, but Kloppers says BHP is prioritizing volume growth and dividends.
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  • Aug. 24, 2011, 3:12 AM
    BHP Billiton (BHP): BHP FH2 net profit excluding items $10.98B (+62% Y/Y), misses by $0.72B. FY EPS excluding items $3.935 (+76% Y/Y). FY revenue $71.74B (+36% Y/Y). Declares final dividend of $0.55 a share vs. forecasts of $0.51. (PR)
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Company Description
BHP Billiton Ltd is a natural resources company. The Company is engaged in the producing commodities, including iron ore, metallurgical and energy coal, conventional and unconventional oil and gas, copper, aluminium, manganese, uranium, nickel and silver.