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Bhp

The meaning of «bhp»

BHP, formerly known as BHP Billiton, is the trading entity of BHP Group Limited and BHP Group plc, an Anglo-Australian multinational mining, metals and petroleum dual-listed public company headquartered in Melbourne, Victoria, Australia.

The Broken Hill Proprietary Company was founded on 16 July 1885 in the mining town of Silverton, New South Wales.[4] By 2017, BHP was the world's largest mining company, based on market capitalisation,[5][6] and was Melbourne's third-largest company by revenue.[7]

BHP Billiton was formed in 2001 through the merger of the Australian Broken Hill Proprietary Company Limited (BHP) and the Anglo–Dutch Billiton plc,[8] forming a dual-listed company. The Australia-registered Limited has a primary listing on the Australian Securities Exchange and is one of the largest companies in Australia by market capitalisation. The English-registered plc arm has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index.

In 2015, some BHP Billiton assets were demerged and rebranded as South32, while a scaled-down BHP Billiton became BHP. In 2018, BHP Billiton Limited and BHP Billiton Plc became BHP Group Limited and BHP Group Plc, respectively. In the 2020 Forbes Global 2000, BHP Group was ranked as the 93rd-largest public company in the world.[9]

Billiton was founded 29 September 1860, when its articles of association were approved by a meeting of shareholders in the Groot Keizershof hotel in The Hague, Netherlands.[10][11] Two months later, the company acquired mineral rights to the Billiton (Belitung) and Bangka Islands in the Netherlands Indies archipelago off the eastern coast of Sumatra.[10][12]

Billiton's initial ventures included tin and lead smelting in the Netherlands, followed in the 1940s by bauxite mining in Indonesia and Suriname.[13] In 1970, Shell acquired Billiton.[10][14] Billiton opened a tin smelting and refining plant in Phuket, Thailand, named Thaisarco (for Thailand Smelting And Refining Company, Limited).[15]

In 1994, South Africa's Gencor Ltd. acquired the mining division of Billiton excluding the downstream metal division.[16] Billiton was divested from Gencor in 1997,[17] and was amalgamated with Gold Fields in 1998.[18] In 1997, Billiton plc became a constituent of the FTSE 100 Index[19] and in 2001 Billiton plc merged with the Broken Hill Proprietary Company Limited (BHP) to form BHP Billiton.[8]

The Broken Hill Proprietary Company Limited (BHP), also known by the nickname "the Big Australian",[20] was incorporated on 13 August 1885, operating the silver and lead mine at Broken Hill, in western New South Wales, Australia.[21][22] The Broken Hill group floated on 10 August 1885.[23] The first consignment of Broken Hill ore (48 tons, 5 cwt, 3grs) was smelted at the Intercolonial Smelting and Refining Company's works at Spotswood, Victoria, a suburb of Melbourne.[23] Historian Christopher Jay notes:

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