About Company
BHP Group Limited (erstwhile BHP Billiton) is an Australia-based global metal, mining, petroleum, and natural gas public corporation with its principal office in Melbourne, Victoria, Australia.
On July 16, 1885, The Broken Hill Proprietary Company came into existence in the mining town of Silverton, New South Wales. By 2017, BHP achieved the rank of the top mining firm in the world, in terms of market capitalization. Besides, it was the 3rd biggest firm in Melbourne in terms of revenue.
The creation of BHP Billiton took place in 2001 as a result of the amalgamation between the Anglo–Dutch Billiton plc and the Australian Broken Hill Proprietary Company Limited (BHP). Transaction of the stocks takes place on both the London and Australian Stock Exchanges as a double-listed corporation.
In 2015, the demerger and rebranding of certain assets of BHP Billiton took place as South32. Simultaneously, a leveled-down BHP Billiton turned into BHP.
In 2018, BHP Billiton plc and BHP Billiton Limited turned into BHP Group plc and BHP Group Limited, correspondingly. In the Forbes Global 2000 list published in 2020, BHP Group attained the 93rd rank among the biggest public corporations in the world. In 2022 January, BHP gave up its listing on the London Stock Exchange. Thus, it switched to an exclusively Australian Securities Exchange-registered corporation. As of 2022, it is the biggest corporation in Australia, and the top mining firm in the world, both in terms of market capitalization.
What type of company is BHP Group Limited?
BHP Group Limited is a public limited company.
What is the ISIN of BHP Group Limited?
The ISIN (International Securities Identification Number) of the Australian conglomerate is AU000000BHP4.
To which industry does BHP Group Limited belong?
It belongs to the metals and mining industry.
When did it come into existence?
The company started operations on August 13th, 1885 and its name at that point was the Broken Hill Proprietary Company.
The company got incorporated on June 29th, 2001 with the name BHP Billiton.
Where is the central office of BHP Group Limited?
The company has its main office in Melbourne, Victoria, Australia.
Which area does the company serve?
The company has a worldwide client base.
Who are the key people running the group?
Ken MacKenzie is the chairman of the group and Mike Henry serves as the CEO of the company.
What are the products offered by BHP Group Limited?
The group offers the following products:
- Coal
- Iron ore
- Copper
- Petroleum
- Nickel
- Natural gas
- Uranium
How many people work for BHP?
As of 2021, the group has 80,000 workers.
BHP Group Limited Chronology
Created from an amalgamation between Billiton and BHP, the company esteems its legacy and the robust groundwork on which the organization is set up. From two minor mining firms established in the mid-1800s, BHP Group is currently a stalwart in the diversified resources sector.
Broken Hill Proprietary’s prosperous chronicle commenced in a lead, silver, and zinc quarry in Broken Hill, Australia. Registered in 1885, the company participated in the exploration, expansion, manufacturing, and selling of copper, iron ore, diamonds, oil and gas, lead, silver, zinc, and a variety of other natural resources. Besides, BHP relishes the position of a market big hit in value-added flat steel goods.
Billiton traces its origins way back to a tin quarry and 1851 on an obscure Indonesian island, Belitung (Billiton) island. Billiton turned into a worldwide stalwart in the mining and metals business and a key manufacturer of alumina and aluminum, manganese ores, chrome and alloys, titanium, nickel, and steaming coal minerals. Billiton also grew an affluent and burgeoning copper collection.
1851
A Dutch group of people finds out tin at Billiton Island.
1860
Setting up of NV Billiton Maatschappij took place.
1883
Charles Rasp comes upon lead and silver at Broken Hill.
1885
Proposal for Broken Hill Proprietary Company Ltd gets tabled.
1902
Creation of the flotation vessel takes place.
1906
Fire erupts at an underground mine of BHP.
1915
Newcastle Steelworks starts operations.
1930
Billiton sets up a people’s sponsor.
1934
Port Melbourne commences Australian-made armed forces airplane operations.
1935
The foundation of the first bauxite quarry takes place on Bintan Island.
1939
The BHP fighter aircraft fought against the Japanese.
1941
Shipbuilding for the naval forces began at Whyalla.
1957
BHP launches Central Research Laboratories at Shortland in Newcastle.
1963
Esso and BHP join hands in the quest for oil.
1968
The development of rich iron ore takes place at Mt. Newman.
1970
Royal/Dutch Shell Group acquires Billiton.
1984
BHP takes over Utah International from GE (General Electric).
1990
Escondida starts extracting copper in Chile.
1991
BHP chances upon diamonds in Canada.
1994
Gencor takes over Billiton.
2000
Officially, BHP switches into BHP Limited.
2001
Billiton and BHP arrive at a pact for amalgamation.
Antamina Copper-Zinc venture attains money-making manufacture.
Typhoon Oilfield of BHP Billiton starts manufacturing.
2001
Noteworthy oil unearthing took place at seaward Trinidad.
2002
Reversal of the merger with BHP Steel took place.
2004
BHP Billiton consents Spence Copper Project.
The organization gets into collaboration with Japan and China.
2005
BHP Billiton takes over Western Mining Corporation.
The first oil extraction from the Greater Angostura Field took place.
2009
The first natural gas and oil production begins from Shenzi.
2010
First oil production starts from the Pyrenees mission.
2010
BHP took over Canada-based Athabasca Potash.
2011
The first gas operations started from the Angostura Gas Project.
The company uncovered EKATI Spirit.
2012
BHP Billiton combines functions.
2013
BHP Billiton endows in the Jansen Potash Project.
Central Queensland witnesses the launch of the Daunia Metallurgical Coal Mine.
The first gas extraction operations began at the Macedon gas project.
BHP Billiton shifts into the new worldwide head office.
2015
Merger reversal with South32 took place.
2016
BHP introduces Prospects.
2017
BHP sanctions lengthening Spence copper mine’s life.
It introduces the Think Big brand drive.
PEMEX and BHP ratify pact for oil exploration.
Yandi attains 1 billion tons.
2018
BHP okays South Flank venture.
2021
It sanctions outlay in Jansen Stage I potash venture.
2022
BHP consolidates its business framework.
The merger of Petroleum trade with Woodside by BHP took place.
2023
BHP finishes the takeover of OZ Minerals.
BHP Group Limited Operations
BHP Group Limited performs mining activities in South America, North America, and Australia, and petroleum excavation functions in Australia, the United States, the United Kingdom, Algeria, and Trinidad and Tobago.
The firm features four key functional divisions:
- Copper
- Coal
- Petroleum
- Iron ore
The mines of the company are the following:
Algeria
- ROD gas field
- Ohanet gas field
Australia
Queensland
- BHP Mitsubishi Alliance – Broadmeadow (50%)
- BHP Mitsubishi Alliance – Blackwater Mine (50%)
- BHP Mitsubishi Alliance – Goonyella (50%)
- BHP Mitsubishi Alliance – Peak Downs (50%)
- Hay Point
- BHP Mitsubishi Alliance – Saraji (50%)
- Poitrel Metallurgical Coal Mine (held together with Mitsui)
South Australia
- Olympic Dam
New South Wales
- Mount Arthur Coal mine
Victoria
- Minerva offshore – 90%
- Bass Strait – 50%
Western Australia
- Eastern Range mine
- Area C mine
- Kalgoorlie
- Jimblebar mine
- Kwinana
- Kambalda
- Mount Keith
- Leinster
- Nickel West operations
- Mount Whaleback
- North West Shelf Venture, (8.33% domestic gas stage, 16.67% LNG stage)
- Nimingarra Iron Ore Mine, collectively held with Mitsubishi and Itochu
- Port Hedland
- Orebodies 25, 23, and 18 mine
- Yarrie mine
- Yandi mine
Canada
Jansen potash development mission, Saskatchewan
Brazil
Samarco: it is a collaboration with Vale and the two companies have a 50% proprietorship of their own. The venture resulted in the most horrible ecological tragedy in the chronicles of Brazilian mining. Two iron ore tailings dams caved in at Bento Rodrigues, a subdivision of Mariana.
Chile
- Minera Escondida Copper, silver and gold mine, collectively held with Pan Pacific Copper and Rio Tinto Group
- Spence
- Cerro Colorado
Mexico
- Trion
Colombia
- Cerrejón coal mine, La Guajira department – 33.3%
Trinidad & Tobago
- Angostura and Ruby oil and gas fields
Peru
- Antamina
United States
- Resolution Copper, close to Superior, Arizona
- Gulf of Mexico, oil and gas field (also known as Shenzi field)
BHP Group Limited Management
Ken Mackenzie (Chairman)
Kenneth Norman MacKenzie was born in March 1964. He is a Canadian-origin entrepreneur and has been serving as the chairman of the company since 2017 September. He is the erstwhile Chief Executive Officer of Amcor.
MacKenzie’s operational tenure with Amcor was 23 years. He also served as the CEO of the firm from 2005 July to 2015 April.
In 2017 June, there was a declaration from Billiton that Kenneth would replace Jac Nasser to take up the chairman’s berth in September.
Kenneth attained his bachelor’s degree from the Canada-based McGill University.
Mike Henry (CEO)
Mike Henry was born in 1966. He is a Canadian-origin tycoon who has been serving as the BHP CEO since 1st January 2020.
In 1999, Mike arrived in Australia to work for Mitsubishi and assist in the collaboration, BMA (the BHP Mitsubishi Alliance), forged by BHP and the Japanese firm. In 2001, Mike got the endorsement to join BMA.
Henry had become a full-time employee of BHP by 2003. In 2016, Mike espoused the duty of supervising the Minerals Australia function of BHP. Iron Ore resources are a component of it.
On January 1, 2020, Henry took over from Andrew Mackenzie as the Chief Executive Officer of BHP. He is an alumnus of the University of British Columbia.
Mike has Japanese lineage from his mother. He and his spouse have 2 grown-up daughters, and they both are residents of Canada.
BHP Group Limited Financial Performance
BHP Group Limited Stock Performance
The common stocks of BHP Group Limited are traded on the New York Stock Exchange (NYSE) with the ticker symbol BHP. Besides, the stock is a component of the Standard & Poor/ASX 50 index.
On June 6, 2023, BHP Group Limited (BHP) ended trading on the New York Stock Exchange (NYSE) at $58.77 with the data given below at 04:00 pm EDT (Eastern Daylight Time).
Stock chart
Disputes
BHP Group Limited has been subject to several controversies over its extensive journey as an international miner and oil and gas exploration company such as the following:
- Accountability for environmental damage due to significant greenhouse emission
- OK Tedi ecological calamity in Papua New Guinea from 1984 to 2013
- Bento Rodrigues dam subsidence in Brazil
- Sexual harassment and assault cases from 2019-2021
- Cerro Colorado and Escondida water consumption concern (Chile)
