BHP Billiton CFO to retire in Feb

BHP Billiton has named Graham Kerr as its new CFO to succeed Alex Vanselow, who will step down in early 2012, the world’s largest diversified miner announced on Monday. Vanselow has been CFO since 2006, and would retire from BHP at the end of...

Share buy-back transaction successfully completed

Diversified global mining company BHP Billiton completed a $6,3-billion off-market tender buy-back transaction of its shares in April. The final transaction size of A$6-billion has enabled BHP Billiton to buy back 147-million shares, which...

BHP Billiton's Southern African aluminium smelters going ex-growth?

Southern Africa's aluminium smelters appear to be heading for an ex-growth future. BHP Billiton CEO Marius Kloppers, who has announced a 16%-higher $12,5-billion profit for the world's largest mining company in the 12 months to June 30, indicates...

BHP Billiton returns massive $32bn to shareholders in seven years

Diversified mining major BHP Billiton, whose record 2009 dividend represents a sixfold growth in seven years, has paid a massive $32-billion in cash to shareholders since BHP and Billiton merged in 2001, BHP Billiton CEO Marius Kloppers said on...

Daily podcast – January 22, 2009

In today's podcast: the shareholders of Aflease approve the company's proposed merger with Australia-based BMA Gold; and BHP Billiton will cut about 6 000 jobs at a number of operations by the end of June.

BHP Billiton announces cutbacks, to shed 6 000 jobs

Diversified miner BHP Billiton, which employed just over 100 000 people worldwide, would cut about 6 000 jobs at a number of operations by end June, the miner announced on Wednesday. “We believe as a result of the changes to production or...

BHP Billiton H1 profit down 2,4% y-on-y

The world's biggest mining group, BHP Billiton, reported lower first-half attributable profit of $6,017-billion, a decline of 2,4% year-on-year.

BHP Billiton creates uranium unit in corporate reshuffle

Diversified miner BHP Billiton has created a separate unit for its uranium assets and reshuffled its management team as part of the company's succession plan for when South African-born Marius Kloppers succeeds Chip Goodyear as CEO in October.

BHP Billiton completes $2,8bn share buyback

Diversified-miner BHP Billiton has successfully completed its $2,8-billlion (A$3,5-billion) off-market share buy-back, marking the completion of the first stage of the $10-million buyback programme announced last month, it said on Monday.

Power tarrifs hold key

World number-five aluminium producer BHP Billiton said last week that it would push for ‘economic’ rather than ‘cheap’ electricity rates for its planned Mozal 3 expansion, in Mozambique.

Mkhwanazi leaves Bateman Africa for BHP Billiton

Resources giant BHP Billiton yesterday announced the appointment of Dr Xolani Mkhwanazi as chief operating officer for its aluminium business in Southern Africa.

BHPB in $192m move to increase alumina output

Mining and energy group BHP Billiton yesterday announced the approval of the $192-million Worsley Alumina development capital projects (DCP) in Western Australia.