BHP Billiton Australia

BHP Billiton of Australia, also known as BHP Billiton Ltd Broken Hill proprietary Billiton Ltd, is a world famous multinational company mainly engaged in oil and minerals. Has developed into the world's largest resource company. The company operates in 20 countries around the world and its main products include iron ore, coal, copper, aluminum, nickel, petroleum, liquefied natural gas, magnesium, diamonds, etc. In the 2003-2004 financial year, the company achieved a net income of $34.087 billion, ranking first in the list of Australia's top 10 enterprises. On August 26, 2004, the company announced its market value of $58.3 billion. BHP is listed on stock exchanges in Australia, London and New York.

BHP's mines are located in the Pilbara region of Western Australia, namely Newman, Yandi and goldworth. The total proved reserves of these three mining areas are about 2.9 billion tons, and the annual output of iron ore is 100 million tons. In the south of Yali, there is undeveloped mining area C, with a reserve of 4.5 billion tons.

The central principle of BHP's business model is to provide a high-quality and diversified asset portfolio to ensure a more stable cash flow and higher production capacity than traditional resource cycle to drive growth. In 2004, the company's turnover reached US $24.9 billion, earnings before interest and tax (EBIT) was US $5.5 billion, and cash available for operation after interest and tax was US $5.2 billion. As of August 26, 2004, the company's market capitalization has reached 58.3 billion US dollars.

BHP was founded in Melbourne in 1885. Billiton was founded in 1860. In June 2001, the two companies merged. In the 2003-2004 fiscal year, the company has a total revenue of a $34.087 billion, a total market value of a $136.35 billion and employs 35000 employees, becoming the second largest mining group company in the world. It is listed on the stock exchanges in Australia, London and New York. The company is the third largest iron ore supplier in the world. The company has more than 100 years of business relations with China, including the import and export of mineral products and steel, mineral and marine and land oil exploration, etc.