BHP Billiton Limited
Andrew Mackenzie speaks as it is announced he will be replacing Marius Kloppers as BHP Billiton CEO, in Sydney on February 20, 2013. The 56-year-old Mackenzie, currently chief executive non-ferrous, has over 30 years experience in oil and gas, petrochemicals and minerals and joined BHP Billiton in November 2008. South African Kloppers has been running the world's largest miner since October 2007, steering it through the global financial crisis.
BHP Billiton’s ability to maintain strong credit metrics also reflects its increasing production volumes, which are the result of significant capital spending over the past several years, and its plans to divest noncore assets. We expect the company to generate about $5 billion of proceeds through divestments that it announced or completed in fiscal 2013.
BHP Billiton’s strong credit profile in part reflects its conservative financial management policies. The move towards lower spending and greater capital efficiency will help it maintain its strong financial profile,despite a softening environment for commodities.
For the benefit of cheap electricity to BHP Billiton and other corporates, local people have to suffer ill health and early mortality. There is no democratic justice in this. These power stations must be decommissioned sooner than 2023More quotes »
Around the web
Tensions boil over at BMA site as global giant takes action
Mining and Energy Union at the Saraji mine in Central Queensland. The CFMEU claimed a supervisor from the mine, owned by BHP Billiton Mitsubishi Alliance, physically and verbally attacked a union safety representative. BMA declined an opportunity to be interviewed from Gladstone Observer Read more »
Australia coal firms dig in for years of mine closings, job cuts
soak up the plentiful supply. More Related to this Story To boost their thinning margins, miners in Australia such as BHP Billiton, Rio Tinto, Glencore Xstrata and Peabody have trimmed output and laid off thousands. Clinging to barely profitable operations, from Globe and Mail Read more »
BHP's project pipeline in doubt
doubt has been cast over BHP Billiton proceeding with the last remaining mineral expansion projects in its pipeline -- the $US12 billion ($12.44bn) Jansen potash project in Canada and the unpriced development of a life-extending mega-pit at the Cannington from The Australian Read more »
Turning off the engines signals doom
- by a former head of Ford in Australia, Jac Nasser, who went on to head Ford globally and is now the chairman of BHP Billiton. Without specifically naming Ford, Nasser said if one of the remaining three local car makers stopped production, it would trigger from Herald Sun Read more »
BMA attacked for ‘ignoring’ region’s needs
thousands demanded access to jobs offered by two Central Queensland mines, a powerful mining union has attacked BHP Billiton Mitsubishi Alliance for ignoring the needs of those in the region. BMA is recruiting 1050 jobs for its new Caval Ridge and Daunia projects from Gatton Star Read more »