15th Aug 2014 07:00
NEWS RELEASE | |
Release Time | IMMEDIATE |
Date | 15 August 2014 |
Number | 12/14 |
UPDATE ON PORTFOLIO SIMPLIFICATION
BHP Billiton has been simplifying its portfolio for over a decade and is pursuing options to make the Company simpler and more productive.
As we announced on 1 April 2014, we are actively studying the next phase of simplification, including structural options. We believe that a portfolio focused on our major iron ore, copper, coal and petroleum assets would retain the benefits of diversification, generate stronger growth in cash flow and a superior return on investment.
By increasing our focus on these four pillars, with potash as a potential fifth, we will be able to more quickly improve the productivity and performance of our largest businesses.
Since then, the Board has continued to study various structural alternatives including at its meeting this week. A demerger of a selection of assets is our preferred option.
The Board expects to consider this, and other matters, when it reconvenes next week. If any material decisions are made, they will be announced immediately.
Further information on BHP Billiton can be found at: www.bhpbilliton.com.
Media Relations
Australia
Emily Perry Tel: +61 3 9609 2800 Mobile: +61 477 325 803 email: [email protected]
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Eleanor Nichols Tel: +61 3 9609 2360 Mobile: +61 407 064 748 email: [email protected]
United Kingdom
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Jennifer White Tel: +44 20 7802 7462 Mobile: +44 7827 253 764 email: [email protected]
Americas
Ruban Yogarajah Tel: +44 20 7802 4033 Mobile: +44 7827 082 022 email: [email protected]
| Investor Relations
Australia
Tara Dines Tel: +61 3 9609 2222 Mobile: +61 499 249 005 email: [email protected]
Jodie Phillips Tel: +61 3 9609 2069 Mobile: +61 418 710 516 email: [email protected]
United Kingdom and South Africa
Jonathan Price Tel: +44 20 7802 4131 Mobile: +44 7990 527 726 email: [email protected]
Dean Simon Tel: +44 20 7802 7461 Mobile: +44 7717 511 193 email: [email protected]
Americas
James Agar Tel: +1 212 310 1421 Mobile: +1 347 882 3011 email: [email protected]
Joseph Suarez Tel: +1 212 310 1422 Mobile: +1 646 400 3803 email: [email protected]
|
BHP Billiton Limited ABN 49 004 028 077 Registered in Australia Registered Office: Level 16, 171 Collins Street Melbourne Victoria 3000 Australia Tel +61 1300 55 4757 Fax +61 3 9609 3015 |
BHP Billiton Plc Registration number 3196209 Registered in England and Wales Registered Office: Neathouse Place London SW1V 1LH United Kingdom Tel +44 20 7802 4000 Fax +44 20 7802 4111 |
Members of the BHP Billiton Group which is headquartered in Australia | |
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