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BHP

Companies/Australia  •  Curated by Admin Timeline.sg

BHP, founded in 1885 as the Broken Hill Proprietary Company, evolved from a single silver-lead-zinc mine into one of the world's largest diversified resource companies, with pivotal milestones including steel production, international expansion, and the Billiton merger.

Chronological Storyline (41 Milestones)

Aug 10, 1885 CE

BHP Founded

Broken Hill Proprietary Company (BHP) is formed to mine silver, lead, and zinc at Broken Hill, New South Wales. The company's name reflects its founding purpose.

BHP Founded
BHP Founded
By Uttamstef12 - Own work, CC BY-SA 3.0, https://commons.wikimedia.org/w/index.php?curid=77517511
1888 CE

First Ore Shipment

BHP ships its first ore from Broken Hill, beginning production from the rich silver-lead-zinc deposit.

1899 CE

BHP Acquires Zinc Corporation

BHP acquires the Zinc Corporation to expand its lead and zinc operations, consolidating control over Broken Hill minerals.

1915 CE

Newcastle Steelworks Opens

BHP opens its first integrated steelworks in Newcastle, New South Wales, marking entry into steel production. This becomes a cornerstone of Australian industrial development.

1917 CE

Whyalla Steelworks Announced

BHP announces plans for a steelworks at Whyalla, South Australia, to utilize iron ore from the Middleback Ranges.

Whyalla Steelworks Announced
Whyalla Steelworks Announced
By Joeltbooth at English Wikipedia - Transferred from en.wikipedia to Commons., Public domain, https://commons.wikimedia.org/w/index.php?curid=50489260
1920 CE

BHP Oil Exploration Begins

BHP starts exploring for oil in Australia, diversifying beyond mining and steel.

1935 CE

Essington Lewis Becomes Chairman

Essington Lewis is appointed chairman of BHP. He drives expansion and modernisation, including steel production for WWII.

Essington Lewis Becomes Chairman
Essington Lewis Becomes Chairman
By not stated - National Library of Australia, Public domain, https://commons.wikimedia.org/w/index.php?curid=129980313
1939 CE

BHP Commences Iron Ore Mining at Yampi Sound

BHP begins mining iron ore at Yampi Sound in Western Australia to supply its steelworks.

BHP Commences Iron Ore Mining at Yampi Sound
BHP Commences Iron Ore Mining at Yampi Sound
By en:User:I@n - en:Image:Buccaneer Archipelago.jpg, CC BY-SA 3.0, https://commons.wikimedia.org/w/index.php?curid=1208288
1945 CE

Post-War Expansion Plan

BHP announces a major post-war expansion plan, increasing steel capacity and moving into new resources.

1954 CE

BHP Enter Oil Production in Papua New Guinea

BHP discovers oil in Papua New Guinea, leading to first commercial oil production for the company in the 1960s.

1964 CE

BHP Discovers Bass Strait Oil

BHP (with Esso) discovers major oil and gas fields in Bass Strait, transforming Australia's energy sector.

BHP Discovers Bass Strait Oil
BHP Discovers Bass Strait Oil
By Goran_tek-en - Own work based on: ✦ Admiralty Chart No 2759b Australia southern portion, Published 1885.jpg by United Kingdom Hydrographic Office ✦ Map of part of New Holland showing the territory of Geelong and Dutigalla.png by Dixson Library, State Library of New South Wales, DL Q83/71 ✦ Furneaux Group Map.svg by Paweł Grzywocz ✦ BlankMap-World gray.svg by LivingShadow ✦ Map of Australia and New Zealand with an inset.svg by Goran tek-en ✦ Maps template-en.svg by Sting ✦ BlankMap-World gray.svg by LivingShadow Own work using: OpenStreetMap Information from: ourtasmania.com.au Requested by and knowledge from SusunW, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=138102515
1970 CE

BHP Opens Whyalla Steelworks

The Whyalla steelworks officially opens, becoming a key source of steel for Australian railways and construction.

1973 CE

BHP Acquires Utah Development Company

BHP acquires Utah Development, gaining major coal assets in Queensland and expanding into international mining.

1980 CE

BHP Steel Division Restructured

BHP restructures its steel division into BHP Steel to focus on integrated steel production and exports.

BHP Steel Division Restructured
BHP Steel Division Restructured
By WillowMunro - Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=104889749
1984 CE

BHP Petroleum Established as Division

BHP Petroleum is formalized as a separate division, consolidating oil and gas operations globally.

1987 CE

BHP Acquires Magma Copper

BHP acquires Magma Copper Company, expanding into copper mining in the United States.

1990 CE

BHP Enter Nickel with Mt Keith Mine

BHP opens the Mt Keith nickel mine in Western Australia, becoming a major nickel producer.

1996 CE

BHP Acquires Westmin Resources

BHP acquires Canadian mining company Westmin Resources for its base metals assets.

1999 CE

BHP Spin-Off: OneSteel

BHP spins off its long-products steel business as OneSteel (later Arrium), focusing on high-grade steel and mining.

2000 CE

BHP Billiton Merger Announced

BHP announces a merger with Billiton plc, creating BHP Billiton, the world's largest diversified resource company.

Jun 29, 2001 CE

BHP Billiton Formal Merger Complete

The merger of BHP and Billiton is completed, creating a dual-listed company with headquarters in Melbourne and London.

2003 CE

BHP Billiton Acquires WMC Resources

BHP Billiton acquires WMC Resources, gaining the Olympic Dam copper-uranium-gold mine in South Australia.

2005 CE

BHP Billiton Forms Iron Ore Joint Venture with Rio Tinto

BHP Billiton and Rio Tinto agree to explore a joint venture for their Western Australian iron ore operations, but later abandoned.

2007 CE

BHP Billiton Makes Bid for Rio Tinto

BHP Billiton makes an unsuccessful takeover bid for Rio Tinto, valued at $170 billion, blocked by regulators and market conditions.

2008 CE

Global Financial Crisis Hits BHP Billiton

The global financial crisis leads to a sharp drop in commodity prices, forcing BHP Billiton to cut production and defer projects.

2011 CE

BHP Billiton Acquires Petrohawk Energy

BHP Billiton acquires Petrohawk Energy, a US shale gas producer, for $12.1 billion to expand in onshore US energy.

2014 CE

BHP Billiton Spin-Off: South32

BHP Billiton announces the spin-off of its non-core assets into a new company, South32, focusing on coal, aluminium, manganese, and nickel.

BHP Billiton Spin-Off: South32
BHP Billiton Spin-Off: South32
By South32 - https://www.south32.net/docs/default-source/media-releases/south32-announces-chief-technology-officer.pdf?sfvrsn=68edda8d_8, PD, https://en.wikipedia.org/w/index.php?curid=56669179
Mar 18, 2015 CE

BHP Billiton Demerger of South32 Effective

South32 begins trading as a separate company after the demerger from BHP Billiton.

Nov 5, 2015 CE

Samarco Dam Disaster in Brazil

A tailings dam at the Samarco mine (owned by BHP Billiton and Vale) collapses, killing 19 people and causing massive environmental damage. BHP faces legal and financial repercussions.

2017 CE

BHP Billiton Sells US Shale Assets to BP

BHP Billiton agrees to sell its US onshore oil and gas assets to BP for $10.5 billion, exiting the shale business.

Jul 1, 2018 CE

BHP Billiton Adopts Single Corporate Structure

BHP Billiton unifies its dual-listed structure into a single Australian-domiciled company, simplifying governance.

Jan 25, 2019 CE

BHP Announces Exit from Thermal Coal

BHP declares it will exit thermal coal mining over time, aligning with climate change goals.

Jun 1, 2020 CE

BHP Completes Sale of Cerrejón Coal Mine

BHP sells its one-third stake in the Cerrejón coal mine in Colombia to Glencore, as part of its thermal coal exit.

BHP Completes Sale of Cerrejón Coal Mine
BHP Completes Sale of Cerrejón Coal Mine
By Tanenhaus - IMG_0523.JPG, CC BY 2.0, https://commons.wikimedia.org/w/index.php?curid=11408769
Aug 1, 2021 CE

BHP Announces Merger with Woodside Petroleum

BHP agrees to merge its petroleum business with Woodside Petroleum, creating a top-10 global energy company.

Jun 1, 2022 CE

BHP Petroleum Merger with Woodside Completed

The merger of BHP's petroleum assets with Woodside is completed, forming Woodside Energy Group. BHP retains 48% stake initially.

BHP Petroleum Merger with Woodside Completed
BHP Petroleum Merger with Woodside Completed
By The editor next door - Own work, CC BY 4.0, https://commons.wikimedia.org/w/index.php?curid=164669478
Nov 1, 2022 CE

BHP Acquires Oz Minerals

BHP announces the acquisition of Oz Minerals, a copper and nickel miner, for $9.6 billion, strengthening its copper portfolio.

BHP Acquires Oz Minerals
BHP Acquires Oz Minerals
By Oz Minerals - Oz Minerals Annual Report 2008, Public domain, https://commons.wikimedia.org/w/index.php?curid=10057703
May 2, 2023 CE

BHP Completes Oz Minerals Takeover

BHP finalizes the acquisition of Oz Minerals, gaining the Prominent Hill and Carrapateena copper-gold mines in South Australia.

Aug 1, 2023 CE

BHP Reaches $5 Billion Settlement for Samarco Dam

BHP agrees to a $5 billion settlement with Brazilian authorities for the 2015 Samarco dam disaster, covering compensation and remediation.

Apr 1, 2024 CE

BHP Makes Bid for Anglo American

BHP makes a $39 billion takeover bid for Anglo American, but is rejected. The bid signals BHP's push for copper dominance.

May 1, 2024 CE

BHP Withdraws Anglo American Bid

BHP withdraws its takeover offer for Anglo American after failing to reach agreement.

2025 CE

BHP Advances Copper and Potash Projects

BHP invests in its Jansen potash project in Canada and expands copper operations in Chile and South Australia, focusing on future-facing commodities.