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June 11, 2014
08:53 EDTBHPBHP Billiton may shed much of legacy Billiton as it repositions, FT says
BHP Billiton CEO Andrew Mackenzie has told investors that the case for continued simplification of the company's portfolio is "compelling," but details of its divestiture or spin-off plans are not yet clear, said Financial Times. FT noted that if most assets deemed non-core are included it would in effect leave BHP without most of what it agreed to acquire when it merged with Billiton in 2001. Reference Link
News For BHP From The Last 14 Days
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December 1, 2015
06:24 EDTBHPBrazil suing BHP, Vale for $5.2B to clean up mining disaster, Reuters says
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November 30, 2015
06:36 EDTBHPSamarco confirms 13 fatalities following November 5 dam burst
A further update has been provided following the breach of the Fundao tailings dam and Santarem water dam at the Samarco Mineracao S.A iron ore operation in Minas Gerais, Brazil which occurred on November 5. BHP Billiton (BHP) and Vale (VALE) each hold a 50% interest in Samarco. Samarco has advised that, at this stage, there are 13 fatalities and six people who remain unaccounted for. Emergency services continue to search for the six missing people.Clean-up work has commenced in the Barra Longa area, focusing on access roads, housing and bridge repairs. Monitoring of the remaining dam structures at Samarco continues. Interim work to repair the damage to the dams and to reinforce parts of the structure has commenced. Operations at Samarco remain suspended. Samarco has reported that tests on the sediments carried out by the Brazilian Geological Service from samples taken at four points in the Rio Doce river system over the period November 14-November 18 indicate that concentrations of metals obtained at these sites do not significantly differ from the results produced by CPRM in 2010. Samarco has advised that the tailings material released as a result of the breach of the Fundao and Santarem dams is considered to be non-reactive and would be geochemically stable when introduced to the river system or ocean. The Brazilian Federal Government and certain State governments have announced that, on 30 November 2015, they intend to commence legal proceedings against Samarco, Vale and BHP Billiton for clean-up costs and damages. The announcement indicates that the legal action will demand that the companies establish a fund of BRL 20 billion in aggregate -- approximately $5.2B at current exchange rates -- for environmental recovery and compensation. BHP Billiton has not received formal notice of the action at this stage. BHP Billiton confirms its commitment to supporting Samarco to rebuild the community and restore the environment affected by the breach of the dams. This includes plans, announced by Vale and BHP Billiton on November 27, to work together with Samarco to establish a voluntary, non-profit fund to support the recovery of the Rio Doce river system.
06:33 EDTBHPVale exec confirms arsenic found in Rio Doce water after dam burst, Reuters says
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November 29, 2015
15:28 EDTBHPBrazil to seek $5.2B from BHP, Vale after dam breach, Bloomberg says
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November 27, 2015
09:20 EDTBHPBHP Billiton says tailings from dam burst 'chemically stable'
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November 25, 2015
13:05 EDTBHPBHP Billiton downgraded to Underweight from Neutral at JPMorgan
November 19, 2015
06:40 EDTBHPBHP Billiton backs dividend policy amid profit slump, CNBC reports
BHP Billiton (BHP) defended its dividend policy amid a drop in share prices and profits slump this year as well as weak China growth and a recent mine disaster in Brazil, CNBC reports. BHP chairman Jacques Nasser said at the company's annual meeting that the dividend policy is the result of "appropriate capital management," the report says. In addition, the company said it and joint venture partner Vale (VALE) will be commissioning an external probe of the Samarco dam spill, the report says. Reference Link

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