All about BHP Billiton
The world’s largest mining company BHP Billiton was created as recently as 2001 when Australia’s Broken Hill proprietary company (BHP) and UK’s Billiton merged for form BHP Billiton. Since these two companies were listed in different stock exchanges, today BHP Billiton is listed with the Australian Securities Exchange and the London Stock Exchange. In the London Stock Exchange BHP Billiton Plc forms a part of the FTSE 100 index.
The new merged entity operates in 25 countries and employs more than 38,000 people. The primary nine operational primary units of the firm are iron ore, manganese, petroleum, aluminium, base metals like copper, lead, zinc and uranium, metallurgical coal, therma coal, stainless steel materials like nickel and cobalt and diamonds and speciality products.
After the merger BHP Billiton Limited and British BHP Billiton Plc have separate stakeholders even though the company operates as a single unit and one board of directors. The management structure is also the same.
In Australia itself, BHP Billiton has more than 35 mines. In addition to that it has mines and processing units in countries like Algeria, Angola, Brazil, Canada, Colombia, Indonesia, New Zealand, Peru, South Africa, Trinidad, UK and USA.
BHP Billiton believes in a diversified portfolio to ensure that the risks are covered from all sides. A presence in various mining products, the company has built a safety net around it so that a few untoward incidents in a couple of industries shall not affect the company negatively in a big way. The company has been left operational in two stock exchanges too for that purpose.
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Mel loves shopping and writes about bhp billiton among other business related topics.
BP Small People Official Statement (Parody)
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