27 Facts About BHP

BHP Group Limited is an Australian multinational mining, metals, natural gas petroleum public company that is headquartered in Melbourne, Victoria, Australia.

BHP Billiton was formed in 2001 through the merger of the Australian Broken Hill Proprietary Company Limited and the Anglo–Dutch Billiton plc trading on both the Australian and London Stock Exchanges as a dual-listed company.

In January 2022, BHP relinquished its London Stock Exchange listing, becoming a solely Australian Securities Exchange listed company.

BHP began to diversify into a variety of mining projects overseas.

BHP had better success with the giant Escondida copper mine in Chile, of which it owns 57.

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In 2001, BHP merged with the Billiton mining company to form BHP Billiton.

On 8 November 2007, BHP Billiton announced it was seeking to purchase rival mining group Rio Tinto Group in an all-share deal.

On 14 July 2011, BHP Billiton announced that it would acquire Petrohawk Energy of the United States for approximately $12.

On 22 August 2012, BHP Billiton announced that it was delaying its US$20 billion Olympic Dam copper mine expansion project in South Australia to study less capital intensive options, deferring its dual harbour strategy at West Australian Iron Ore and slowing down its Potash growth option in Canada.

BHP simultaneously announced a freeze on approving any major new expansion projects.

Days after announcing the Olympic Dam pull-out, BHP Billiton announced that it was selling its Yeelirrie Uranium Project to Canadian Cameco for a fee of around $430 million.

On 19 August 2014, BHP Billiton announced it would create an independent global metals and mining company based on a selection of its aluminium, coal, manganese, nickel, and silver assets.

In 2015, BHP Billiton spun off a number of its subsidiaries in South Africa and Southern Africa to form a new company known as South32.

BHP Billiton agreed to pay a fine of $25 million to the United States Securities and Exchange Commission in 2015 in connection with violations of the Foreign Corrupt Practices Act related to its "hospitality program" at the 2008 Summer Olympics in Beijing.

BHP Billiton invited 176 government and state-owned-enterprise officials to attend the Games on an all-expenses-paid package.

Towards the end of 2016 BHP Billiton indicated it would expand its petroleum business and make new investments in the sector.

BHP Billiton dismissed the plan saying the costs and risks of Elliott's proposal outweighed any potential benefits.

In May 2017, with much of the former Billiton assets having been disposed of, BHP Billiton began to rebrand itself as BHP, at first in Australia and then globally.

On 29 September 2018, BHP completed the sale of its Fayetteville Onshore US gas assets to a wholly owned subsidiary of Merit Energy Company.

In 1998, BHP hired American Paul Anderson to restructure the company.

BHP has mining operations in Australia, North America, and South America, and petroleum operations in the U S, Australia, Trinidad and Tobago, the UK, and Algeria.

BHP is listed as one of the 90 fossil fuel extraction and marketing companies responsible for two-thirds of global greenhouse gas emissions since the beginning of the industrial age.

BHP has been voluntarily reporting its direct GHG emissions since 1996.

In 1999, BHP reported that 90 million tons of mine waste was annually discharged into the river for more than ten years and destroyed downstream villages, agriculture and fisheries.

BHP was granted legal indemnity from future mine related damages.

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In June 2018, Samarco, Vale and BHP signed an agreement to drop a US$7 billion lawsuit and allow two years for the companies to address the greater US$55 billion suit seeking social, environmental and economic compensation.

BHP has been accused of perpetrating irregularities with respect to drawing waters above the granted limit from the aquafiers.