BHP (formerly BHP Billiton)

BHP (formerly BHP Billiton) is Englishthe Australian mining a public company listed on two exchanges, headquartered in Melbourne,. Australia

Aktivs

As of May 2019, BHP comprises the following divisions:

• BHP Group Limited in Melbourne, Australia;
• London Great Britain BHP Group Plc в , ;
• BHP Billiton Marketing Asia Pte Ltd in Singapore.

History

2022: Cerrejon coal mine sale for $588m

On January 11, 2022, the Swiss Glencore announced the buyout of the remaining stakes in the world's largest coal mine Cerrejon, becoming its sole owner of 100%. The deal worth $588 million was concluded with Anglo American and BHP, which owned a 33.3% stake in Cerrejon. Read more here.

2021: Sale of oil and gas business to Woodside Petroleum

On August 17, 2021, the world's largest mining company BHP Group announced the sale of its oil and gas business to Woodside Petroleum.

Under the terms of the agreement, Woodside will issue new shares to be distributed in favour of BHP shareholders. As a result, the latter will own 48% of the combined company, Woodside shareholders - 52%. As part of the deal, BHP's oil and gas division is valued at $13 billion, which is $3 billion less than analysts assumed when rumors about it appeared a few days before the deal was announced.

World's biggest miner BHP Group sells oil and gas business to Woodside Petroleum

BHP and Woodside Petroleum expect cost savings from the merger to be more than $400 million per year thanks to the optimization of corporate processes and systems, the use of the advantages of business consolidation, as well as increased investment efficiency. The deal is scheduled to close in the second quarter of 2022. After the merger, the value of the combined company will be $28 billion, according to BHP and Woodside Petroleum.

BHP Group is phasing out oil and gas as the fossil fuel industry faces global pressure from investors and governments over climate action, prompting some larger oil rivals to cut their core production and add renewable energy assets, experts say. With BHP saying it expects demand to remain strong for at least another decade, the company wants to avoid being stuck with assets that will become harder to sell.

Through the Woodside Petroleum deal, BHP will be able to focus on its core operations - iron ore, copper, nickel and some other useful ones. minerals^[1]

2018

On 19 November 2018, BHP Billiton Limited and BHP Billiton Plc were renamed BHP Group Limited and BHP Group Plc, respectively.

2017: Rebranding and name change to BHP

In May 2017, BHP Billiton launched a rebranding process with a name change to BHP.

2015

In 2015, part of BHP Co. assets was spun off into a stand-alone company, South32.

2001: BHP Billiton Education

BHP Billiton was formed in 2001 by combining the Australian Broken Hill Proprietary Company (BHP), founded in 1885, and the Anglo-South African Billiton, founded in the Netherlands in 1860.

Notes