BHP Group

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BHP Group Limited & Plc

logo
legal form Corporation
ISIN AU000000BHP4 (Limited)
GB00BH0P3Z91 (plc)
founding 2001
Seat Melbourne Australia and London United KingdomAustraliaAustralia  United KingdomUnited Kingdom 
management Andrew Mackenzie ( CEO )
Ken MacKenzie ( Chairman )
Number of employees 28,926
sales $ 44.3 billion
Branch Mining industry
Website www.bhpbilliton.com
As of June 30, 2019

The BHP Group , formerly BHP Billiton , is an Australian - British raw materials group under the publicly used company name BHP and, along with the Vale and Rio Tinto Group, is one of the world's three largest mining companies.

The BHP Group, listed on the New York , London , Sydney and Johannesburg stock exchanges , was created through the merger of the British Billiton and the Australian BHP (Broken Hill Proprietary Company) in 2001. The Australian company holds 60 percent of the shares and the participating interests British holding company 40 percent. The dual-listed company is registered as BHP Group Limited in the commercial register in Melbourne and as BHP Group Plc in the commercial register in London. Melbourne is the headquarters of BHP Group Limited and the global headquarters of BHP Billiton Group , while London is the headquarters of BHP Group Plc .

In the Forbes Global 2000 of the largest listed companies, BHP Billiton was ranked 108th (as of FY 2017). The company had a market value of over USD 133 billion in mid-2018.

history

Broken Hill Proprietary Company (BHP)

Former logo
Former logo

The Broken Hill Proprietary Company, or BHP , was founded in 1885 and operated silver and lead mines in Broken Hill in western New South Wales , Australia . In 1915 the company also began manufacturing steel, with production facilities mainly located in Newcastle , New South Wales , with offices in Melbourne, Victoria.

BHP was also known by the nickname the Big Australian . The company began exploring for oil in the 1960s, with finds in the Bass Strait (the strait between Tasmania and Australia). In the course of time, crude oil became more and more important in the group.

Billiton

When it was founded in 1860, Billiton was named after the Dutch-Indian , tin-rich island of Billiton (now Belitung in Indonesia ).

In 1970 Shell took over the company, which in 1994 sold the mining division to the South African mining company Gencor . In 1997 Billiton was sold and placed on the stock exchange.

Merger

In 2001 Billiton Plc merged with Broken Hill Proprietary Company Limited (BHP).

2001 to 2011

In June 2005, BHP Billiton acquired the Australian natural resources company Western Mining Corporation for US $ 7.3 billion.

On November 1, 2007, the company submitted an offer to the Rio Tinto Group to exchange one share in Rio Tinto for three in BHP Billiton. Rio Tinto initially rejected the offer. At the beginning of February 2008, BHP increased the offer to 3.4 treasury shares for one share in Rio Tinto. The total amount of the offer thus amounted to 147.4 billion US dollars (100.6 billion euros). The Chinese group Chinalco and the US company Alcoa are also interested in the British-Australian company . A successful acquisition would have created a giant with an estimated $ 350 billion market value. The transaction would be the second largest in history after the Mannesmann takeover by Vodafone in 2000. On November 25, 2008, however, the group announced that the deal had collapsed due to falling raw material prices.

Since 2011

2011 BHP Billiton took under its former CEO Marius Kloppers the shale gas producer Petrohawk Energy for 12.1 billion US dollars .

In 2015, BHP Billiton announced the spin-off of all businesses except iron ore, coal, crude oil, potash salt and copper under the name South32 . The large aluminum business as well as the mines for silver, lead, zinc, manganese, nickel and hard coal are transferred to the new company.

BHP Billiton holds 50% of Samarco Mineração, a joint venture with Vale . This is responsible for the breach of the dam in Bento Rodrigues , which cost 18 lives and, according to the Brazilian Environment Minister Izabella Teixeira, was the "worst environmental accident in the history of the country". BHP Billiton has fully written off its stake in the subsidiary Samarco. The judicial clarification of liability for the incident and payments to the Brazilian government, for example, are still pending. In August 2018, BHP agreed to pay a group of shareholders $ 50 million to avoid a class action lawsuit. They also announced an agreement with Brazil on a two-year settlement of the civil law claim of 150 billion Brazilian reals ratified in early August .

Renamed 2018

After the company was publicly presented in May 2017 with only "BHP" instead of "BHP Billiton", the legal company components were renamed from "BHP Billiton" to "BHP Group" on November 19, 2018.

Web links

Individual evidence

  1. a b c BHP: Annual Report 2019 (PDF) Retrieved October 25, 2019 .
  2. ^ BHP Billiton: Our Structure . Online at www.bhpbilliton.com, accessed November 27, 2016.
  3. ^ The World's Largest Public Companies . In: Forbes . ( forbes.com [accessed July 17, 2018]).
  4. ^ Australian Business Records
  5. ^ BlueScope Steel
  6. ^ Shrinking the Big Australian
  7. ^ Victoria State Government: History of Petroleum Exploration in Victoria . Online at www.dpi.vic.gov.au, accessed November 27, 2016.
  8. 7.30 Report - 19/3/2001: BHP-Billiton merger confirmed. (No longer available online.) In: abc.net.au. March 19, 2001, archived from the original on November 17, 2009 ; accessed on August 1, 2015 . Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.abc.net.au
  9. BHP Billiton: News Release (November 12, 2007)
  10. Welt Online : BHP offers 100 billion for Rio Tinto . Online at www.welt.de, accessed on November 27, 2016.
  11. BBC News : BHP makes bid move for Rio Tinto (November 8, 2007)
  12. Spiegel Online : Mining giant bursts mega takeover (November 8, 2007)
  13. Christopher Helman: Shale Gas Mania: BHP Pays Up In $ 15 Billion Deal For Petrohawk. In: forbes.com. July 15, 2011, accessed August 1, 2015 .
  14. ^ Heidi Gmür: South 32: What to expect from the new company. In: Neue Zürcher Zeitung . March 21, 2015, accessed August 1, 2015 .
  15. Samarco speaks of the danger of further dam breaks . In: BrasilNews. November 18, 2015, accessed November 28, 2015 .
  16. Patrick Zoll: BHP Billiton has lost billions . Neue Zürcher Zeitung , 2015-11-28, accessed on November 27, 2016.