BHP Billiton plc is the London corporate office for BHP Billiton Group. Though its shareholders differ from BHP Limited it shares direct control of the company with Australia based BHP Limited (board of directors and management however only a minority of them are appointed from BHP Billiton plc due to its smaller market value). The plc designation came from before the 2001 merger of BHP and Billiton when Billiton had its central office in London. BHP Billiton plc is listed on exchanges in London, USA and South Africa. BHP Billiton's market cap is about 20% smaller than its counterpart BHP Billiton.
The division, the British part of the enlarged company is the source of much of BHP Billiton's present coal, aluminum and titanium operations. The larger BHP contributed the oil, copper and diamond businesses.
|pg.63 in'10 20F||% share||2010||2009||2008|
|diamonds (mil ct)||80%||3.050||3.221||3.341|
|titanium '000 T||37.76%||434||654||643|
|nickel '000 T||100%||176.2||173.1||167.9|
|iron ore (mil T)||85%||124.962||114.415||112.260|
|manganese mil T||44.4%-60%||6.124||4.475||6.575|
|meta coal Mt||24.6Mt50%|
|energy coal Mt||100%|
Despite production of some key products being down or flat for 2010 revenue was at a record high, the result of very strong commodity prices (with the exception of coal, for coal revenue was down 29.3% even though production (metallurgical and energy coal together) rose 0.7%). Rising prices also helped the bottom line; revenue was up 5.2% even though core expenses were down 13.9% (operating profit showed excellent results but earnings before taxes were pushed down; they were basically steady on the year).
Australia and England are the main sources of investment with 97.87% (99.05% including New Zealand) of BHP Limited shares owned by Australians and 79.7% of BHP plc shares owned by people in England (97% of shares outside of England are owned in South Africa). 69% of BHP Limited is corporate owned while 99.36% of BHP plc is corporate owned.