BHP on brink of bigger shareholder returns

Original article by Peter Ker
The Australian Financial Review – Page: 25 : 22-Feb-18

Hayden Bairstow of Macquarie Group says there is potential for BHP Billiton to return an additional $US1.9bn to shareholders in the second half of 2017-18 and at least $US2.4bn in 2018-19. He adds that the latter figure could be higher if BHP sells its US shale assets and opts to distribute the proceeds to investors. However, BHP CEO Andrew Mackenzie has declined to comment on the group’s plans for the proceeds of the exit from shale. Meanwhile, BHP is expected to make a decision on its proposed South Flank iron ore mine within six months.

CORPORATES
BHP BILLITON LIMITED – ASX BHP, MACQUARIE GROUP LIMITED – ASX MQG, MORGANS FINANCIAL LIMITED, RIO TINTO LIMITED – ASX RIO, ROYAL DUTCH SHELL PLC

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