BHP Billiton positions to buy, not build

This report is currently unavailable

This report is currently unavailable

Get this Inform as part of a subscription

Enquire about subscriptions

Already have a subscription? Sign In

Further information

Pay by Invoice or Credit Card FAQs

Contact us

Submit your details to receive further information about this report.

  • An error has occurred while getting captcha image
For details on how your data is used and stored, see our Privacy Notice.

Report summary

We analyse BHP Billiton's reported half year loss of US$5.7 billion (to the end of 2015) driven by close to US$8 billion in impairments. EBITDA was close to US$6 billion led by iron ore at US$2.8 billion. The company announced a reduction in dividend payments and capital spend to ensure its balance sheet is strong, in order to take advantage of potential M&A opportunities. High quality assets held by financially distressed mining companies are likely to come to the market, and at this low point in the cycle it makes more sense to buy assets, rather than build additional capacity. 

What's included

This report contains

  • Document

    BHP Billiton positions to buy, not build

    PDF 964.26 KB

Table of contents

  • BHP Billiton positions to buy, not build

Tables and charts

This report includes 2 images and tables including:


  • BHP Billiton EBITDA by commodity
  • BHP Billiton capital expenditure

Questions about this report?

  • Europe:
    +44 131 243 4699
  • Americas:
    +1 713 470 1900
  • Asia Pacific:
    +61 2 8224 8898