{"id":1748,"date":"2016-08-18T01:02:42","date_gmt":"2016-08-18T01:02:42","guid":{"rendered":"http:\/\/asadkarim.co.uk\/?p=1748"},"modified":"2016-08-16T07:42:03","modified_gmt":"2016-08-16T07:42:03","slug":"bhp-billiton-results-for-the-year-ended-30-june-2016","status":"publish","type":"post","link":"https:\/\/www.asadkarim.co.uk\/?p=1748","title":{"rendered":"BHP Billiton Results for the Year Ended 30 June 2016"},"content":{"rendered":"

BHP Billiton one of the world’s largest natural resources company, published its end of year results on Tue 16th August.<\/p>\n

http:\/\/www.bhpbilliton.com\/<\/a><\/p>\n

The figures make interesting reading.<\/p>\n

http:\/\/www.bhpbilliton.com\/investors\/reports\/bhp-billiton-results-for-the-year-ended-30-june-2016<\/a><\/p>\n

Capital and exploration expenditure declined by 42% to US$6.4 billion and is expected to decrease further to US$5.0 billion in the 2017 financial year<\/p>\n

Net debt is higher now at US$26,102 million<\/strong><\/p>\n

Liquidity of US$16 billion<\/strong><\/p>\n

Net finance costs increased by US$410 million to US$1.0 billion<\/strong><\/p>\n

The outlook for commodity prices in the short term look weak<\/strong>.<\/p>\n

The results also responded to the tragedy following the failure of the Fund\u00e3o tailings dam at Samarco on 5 November 2015. 19 fatalities, of which five were members of the community and 14 were people who were working on the dams at the time of the dam failure. This dam was at a mine that BHP Billiton and Vale owned.<\/p>\n

A provision of US$1.2 billion at 30 June 2016 in respect of BHP Billiton Brasil\u2019s potential obligation. Note that BHP Billiton Brasil is among the defendants named in a claim brought by the Federal Public Prosecution Office on 3 May 2016, seeking R$155 billion (approximately US$48 billion<\/strong>) for reparation, compensation and moral damages in relation to the Samarco dam failure.<\/p>\n","protected":false},"excerpt":{"rendered":"

BHP Billiton one of the world’s largest natural resources company, published its end of year results on Tue 16th August. http:\/\/www.bhpbilliton.com\/ The figures make interesting reading. http:\/\/www.bhpbilliton.com\/investors\/reports\/bhp-billiton-results-for-the-year-ended-30-june-2016 Capital and exploration expenditure declined by 42% to US$6.4 billion and is expected to decrease further to US$5.0 billion in the 2017 financial year Net debt is higher […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1748","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1748","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1748"}],"version-history":[{"count":1,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1748\/revisions"}],"predecessor-version":[{"id":1749,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1748\/revisions\/1749"}],"wp:attachment":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}