BHP's maintenance work on its Port Hedland facilities, spare rail capacity and 40 ships waiting to be loaded means it will be able to make its production target for June 2018 - July 2019.
BHP Billiton and BHP Billiton Plc are now BHP Group and BHP Group Plc respectively and all the tickers, including the ones on the London Stock Exchange and the Johannesburg Stock Exchange will switch to “BHP” on Nov. 23.
The issue relates to the amount of tax BHP owed for selling its Australian commodities via its Singapore marketing business — or allegedly shifting its profits offshore.
BHP said its initial findings of the Nov. 5 incident showed the nearly 3-km (1.9 miles) long train came to a halt after a braking system control cable became disconnected.