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Business View Australia - August 2015 111
The new company BHP Billiton
intends to create through its
proposed demerger will be called
South32.
The majority of South32’s selected
assets are located in the southern
hemisphere with its two regional
centers – Australia and South Africa
– linked by the 32nd parallel south
line of latitude. The company’s
name represents this footprint and
its regional approach to managing
its operations.
Graham Kerr, chief executive officer
elect of South32, said “The naming of
South32 is a major step in the setup
of our company. Our heritage and the
places in which we operate are an
important part of our identity. While
South32 is grounded in the southern
hemisphere, we will retain our global
reach and ambition as we seek to
exceed the expectations of a global
shareholder base. The diversity
of our employees, commodities,
customers and communities will give
the new company great strength,
which is represented by the woven
pattern of our logo.
“Many of our assets are among the
most attractive in their respective
commodities and all have benefited
from BHP Billiton’s structured
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