22 / 24
22 Business View Australia - February 2015
South32’s head office will be in Perth, Australia,
with a regional head office and global shared ser-
vices center located in Johannesburg, South Africa.
South32 would be an Australian incorporated com-
pany but, reflecting a global shareholder base, is in-
tended to have a primary listing on the Australian
Securities Exchange, a secondary listing on the Jo-
hannesburg Stock Exchange and a standard listing
in London.
A final board decision on the proposed demerger
will be made once all necessary third party approv-
als are secured on satisfactory terms. On this ba-
sis, BHP Billiton expects to release all shareholder
documentation with full details of the proposed de-
merger in March 2015, with a shareholder vote tak-
ing place in May.
One Billion Tons to China
BHP Billiton celebrated the shipment of its one bil-
lionth ton of iron ore to China with customers, indus-
trial associations, joint venture partners, suppliers
and employees in Shanghai.
BHP Billiton’s chief executive officer, Andrew Mack-
enzie, was joined by President (Iron Ore) Jimmy Wil-
son, President (HSE, Marketing and Technology)
Mike Henry, President (Coal) Dean Dalla Valle and
guests to reveal a commemorative plaque to mark
the milestone.
Mackenzie said BHP Billiton, a leading global re-
sources company, was proud to contribute to the
important trading relationship between China and
Australia and to the country’s steel industry.
“China is of immense importance to BHP Billiton
and to Australia,” he said.
“We always strive to develop closer ties with China
and contribute to its development by providing long-
term, reliable and high-quality products at a trans-
parent market price. BHP Billiton is very proud of the
role it has helped play in China’s remarkable eco-
nomic and urban growth through the trade in iron