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About
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BHP, formerly known as BHP Billiton, is an Australian multinational mining, metals, and petroleum company. Founded in 1885 as Broken Hill Proprietary Company Limited, it was initially focused on mining silver, lead, and zinc in Broken Hill, New South Wales. Over the years, BHP has expanded its operations and diversified its product portfolio to become one of the world's largest resource companies.
BHP's headquarters are located in Melbourne, Australia. The company has a strong presence in different regions around the globe, with operations in more than 90 locations and customers in over 25 countries. BHP operates across various segments, including iron ore, copper, coal, petroleum, and potash.
These segments are further divided into several mines, production facilities, and refineries across different continents. BHP has several noteworthy subsidiaries, joint ventures, and partnerships. Notably, it has a significant joint venture with Rio Tinto called Pilbara Iron, which operates extensive iron ore mines in Western Australia.
Additionally, BHP has a 33. 75% stake in Escondida, the world's largest copper mine, in partnership with Rio Tinto, Mitsubishi Corporation, and others. In terms of market position, BHP is considered one of the top global natural resources companies.
It consistently ranks among the largest mining companies in the world based on market capitalization. BHP generates significant revenue through its diverse product portfolio and has a strong competitive position in key commodities such as iron ore and petroleum. Over the years, BHP has undergone various events and changes in its strategy and product lineup.
In 2017, the company announced its decision to rebrand and revert to its original name, BHP, dropping Billiton from its title. This strategic move aimed to simplify the company's brand and align it with its heritage. Currently, BHP is continuing its focus on increasing productivity, reducing costs, and delivering sustainable returns to its shareholders.
The company remains committed to its long-term strategy of disciplined capital investment and value creation in the resources sector. BHP's latest updates and key information can be found on its official website and through financial news sources
Company Type
Privately Held
Company Size
501-1000
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