Original article by Amanda Saunders, Matthew Stevens, Neil Chenoweth, John Kehoe
The Australian Financial Review – Page: 1 & 12 : 13-Nov-15
Shares in BHP Billiton shed 1.6 per cent to close at $A20.60 on 12 November 2015, which is the stock’s lowest level in almost 10 years. The recent rout means BHP stock is trading at around the same level it was at prior to the start of the China-driven commodities boom. Meanwhile, the Queensland Government has demanded unpaid royalties of $A288m arising from the use of Singapore as a marketing hub, while BHP also faces massive costs associated with the tailings dam disaster at its joint venture Samarco iron ore project in Brazil.
CORPORATES
BHP BILLITON LIMITED – ASX BHP, SAMARCO MINERACAO SA, VALE SA, SOUTH32 LIMITED – ASX S32, SUPREME COURT OF QUEENSLAND, BM ALLIANCE COAL OPERATIONS PTY LTD, MITSUBISHI CORPORATION, BHP BILLITON MARKETING AG, RIO TINTO LIMITED – ASX RIO, DEUTSCHE BANK AG, PENGANA CAPITAL LIMITED