BHP Billiton - A couple of announcements.

[idpickering]

Economic Contribution Report 2018

Our Economic Contribution Report ("Report") for the year ended 30 June 2018 was released today.

BHP has a long-standing commitment to transparency. We believe it enhances understanding, builds trust and holds us and others to account.

We've disclosed details of our tax and royalty payments for more than 18 years and during that time we have continually updated and expanded our disclosures. As in prior years, the Report discloses our total direct economic contribution, including the taxes and royalties we paid on a country-by-country and project-by-project basis. We also disclose additional voluntary information, such as details of each of our subsidiary entities in 'tax haven' countries and tax incentives we have been granted by some of our host governments.

https://www.investegate.co.uk/bhp-billi ... 00030422B/

Annual Financial Report 2018

The following documents have today been submitted to the National Storage Mechanism and will shortly be available for inspection at: http://www.morningstar.co.uk/uk/NSM
- Annual Report 2018

https://www.bhp.com/investor-centre/-/m ... rt2018.pdf

https://www.investegate.co.uk/bhp-billi ... 00030421B/

[pyad]

The really big news here is the formal name change to BHP Group they are proposing. They have already ceased using the "Billiton" bit in practice but now want to make this official.

Nomenology says that using BHP rather than the meaningless mouthful "BHP Billiton" is worth a couple clicks on the share price. The original Broken Hill though would have meant a couple more, what a great name that is.

https://www.marketwatch.com/story/bhp-t ... 2018-09-17

I rate BLT an HYP Buy, even without the potential boost from the revised name.

[idpickering]

Thanks for your input Stephen. Very interesting. I topped up my BLT holdings last month, so I have enough of them for now I think. They sit in my HYP alongside Rio Tinto in the mining sector, and together they make up 6.2% in capital value terms of my 32 share HYP. I am likely to top up my RIO holdings soon though.

Ian.