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METALS & MINING
bhp.com

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Investments

2

Portfolio Exits

1

Partners & Customers

10

Service Providers

1

About BHP Billiton

BHP Billiton (NYSE: BHP) is a global resources company creating long-term shareholder value through the discovery, acquisition, development, and marketing of natural resources. The company is a producer of commodities, including aluminum, copper, energy coal, iron ore, manganese, metallurgical coal, nickel, silver, and uranium along with interests in oil and gas.

BHP Billiton Headquarter Location

BHP Billiton Centre 171 Collins Street

Melbourne, Victoria, 3000,

Australia

(61 3) 1300 55 47 57

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CB Insights Intelligence Analysts have mentioned BHP Billiton in 1 CB Insights research brief, most recently on Jan 3, 2019.

Latest BHP Billiton News

BHP not taking a green hydrogen turn

Sep 8, 2021

BHP not taking a green hydrogen turn BHP Billiton will not rely on green hydrogen to reach its decarbonization ambitions. BHP’s manager for energy, carbon, and technology research, Lee Levkowitz, claimed at the Hydrogen and Mines virtual summit that green hydrogen would be unlikely to achieve competitive pricing during the 2020 decade, or even the first half of 2030. “It’s no surprise that the economics of hydrogen production, particularly green hydrogen, is difficult. Currently, production expenses range from $2.50 to $8 per kilogram. When you factor in storage, transportation, and end-use markets, you should expect to pay an extra $2 to $5 per kilogram. When you compare that to the current cost of producing grey hydrogen, which ranges from 70c to $1.50 a kilogram.” According to Levkowitz, there are three approaches to reduce the cost of green hydrogen: upgrading electrolyzer technology, lowering electricity costs, and increasing electrolyzer utilization to spread out those fixed cost components over a larger volume of production output. “Any modeler in the audience will tell you that getting all of these moving in the same way without one of the elements ballooning out in the opposite direction is actually rather difficult. As an example, many project developers are currently dealing with a difficult optimization challenge in which they are attempting to reduce electricity costs while avoiding adding additional costs for things like transmission, electrical, or chemical storage in order to increase utilization. “In our most optimistic scenario, renewables cost around $10 per megawatt hour by default. To get to the point where hydrogen can be competitive in steelmaking, hydrogen prices must fall between $1 and $1.50 per kilogram. Such who are familiar with obtaining energy in Western Australia understand that achieving those healthy outcomes will be difficult. And it’s not simply a matter of cost; the enormous amount of electricity required to make green hydrogen is also a barrier.” While the market waits for the cost of green hydrogen to drop, other decarbonization technologies will continue to develop and evolve, according to Levkowitz. “Decarbonizing a sector only needs to be done once. It is easier to abate industries, such as renewable energy for power and light-duty vehicle electrification, which already have a clear path to commercialization and will likely win out over more immature technologies. With power and transportation accounting for about two-thirds of worldwide emissions, hydrogen is relegated to a niche function, making economies of scale difficult to accomplish. “That’s not to suggest there won’t be a role for green hydrogen; in our opinion, green hydrogen will make the biggest advances, displacing traditional emitting sources hydrogen, or grey hydrogen. We also envision it playing a role in industries where there are no other viable decarbonization options and associated infrastructure is easily available. “In particular, we believe hydrogen has a role in heavy-duty transportation, with some exciting prospective uses, such as excavators and drills, both of which are more difficult to electrify. “Perhaps most crucially, we believe hydrogen will take off in locations where there is a lot of very, very inexpensive, green electricity,” Levkowitz said. Posted in

BHP Billiton Investments

2 Investments

BHP Billiton has made 2 investments. Their latest investment was in Cemvita Factory as part of their Corporate Minority on September 9, 2019.

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BHP Billiton Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/12/2019

Corporate Minority

Cemvita Factory

Yes

1

1/9/2019

Unattributed VC

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$99M

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10

Date

9/12/2019

1/9/2019

Round

Corporate Minority

Unattributed VC

Company

Cemvita Factory

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Amount

$99M

New?

Yes

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Co-Investors

Sources

1

10

BHP Billiton Portfolio Exits

1 Portfolio Exit

BHP Billiton has 1 portfolio exit. Their latest portfolio exit was BHP Billiton - Oil and Gas Business on August 17, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/17/2021

Divestiture

$991

5

Date

8/17/2021

Exit

Divestiture

Companies

Valuation

$991

Acquirer

Sources

5

BHP Billiton Acquisitions

3 Acquisitions

BHP Billiton acquired 3 companies. Their latest acquisition was Noront Resources on July 27, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

7/27/2021

$991

Acq - Pending

2

8/9/2011

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$99M

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10

7/14/2011

IPO

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$991

$99M

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10

Date

7/27/2021

8/9/2011

7/14/2011

Investment Stage

IPO

Companies

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Valuation

$991

$991

Total Funding

$99M

$99M

Note

Acq - Pending

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Sources

2

10

10

BHP Billiton Partners & Customers

10 Partners and customers

BHP Billiton has 10 strategic partners and customers. BHP Billiton recently partnered with KoBold Metals on September 9, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

9/8/2021

Partner

KoBold Metals

United States

BHP signs partnership deal with billionaire-backed AI explorer KoBold

MELBOURNE - BHP will team up with billionaire-backed AI exploration firm KoBold Metals to look for battery minerals like copper and nickel in Australia and other global locations , the companies said on Wednesday .

4

8/23/2021

Vendor

Risen Electric

China

Risen Energy Expands Power Purchase Agreement With BHP To Further Cut Nickel West's Emissions

NINGBO , China , Aug. 23 , 2021 / PRNewswire / -- Risen Energy has expanded its 10-year renewable power purchase agreement for their Merredin Solar Farm from 20MW to 50MW of electricity to BHP 's Nickel West operations .

4

7/22/2021

Client

Tesla

United States

Porsche, Tesla Partner with Materials Suppliers to Increase Sustainability of EV Batteries

The new , closed-loop manufacturing process for EV batteries will complementBASF 's existing work developing a process for recycling them , as well : has In2019 , BASF announced the `` Recycling Li-ion batteries for electric Vehicle '' project -- a partnership with multinational mining and metallurgy company Eramet andcircular waste solutions provider SUEZ -- todevelop a closed-loop process to recycle lithium-ion EV batteries , and to enablethe production of new lithium-ion batteries in Europe .

3

5/25/2021

Vendor

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10

5/17/2021

Client

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10

Date

9/8/2021

8/23/2021

7/22/2021

5/25/2021

5/17/2021

Type

Partner

Vendor

Client

Vendor

Client

Business Partner

KoBold Metals

Risen Electric

Tesla

Country

United States

China

United States

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News Snippet

BHP signs partnership deal with billionaire-backed AI explorer KoBold

MELBOURNE - BHP will team up with billionaire-backed AI exploration firm KoBold Metals to look for battery minerals like copper and nickel in Australia and other global locations , the companies said on Wednesday .

Risen Energy Expands Power Purchase Agreement With BHP To Further Cut Nickel West's Emissions

NINGBO , China , Aug. 23 , 2021 / PRNewswire / -- Risen Energy has expanded its 10-year renewable power purchase agreement for their Merredin Solar Farm from 20MW to 50MW of electricity to BHP 's Nickel West operations .

Porsche, Tesla Partner with Materials Suppliers to Increase Sustainability of EV Batteries

The new , closed-loop manufacturing process for EV batteries will complementBASF 's existing work developing a process for recycling them , as well : has In2019 , BASF announced the `` Recycling Li-ion batteries for electric Vehicle '' project -- a partnership with multinational mining and metallurgy company Eramet andcircular waste solutions provider SUEZ -- todevelop a closed-loop process to recycle lithium-ion EV batteries , and to enablethe production of new lithium-ion batteries in Europe .

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Sources

4

4

3

10

10

BHP Billiton Service Providers

1 Service Provider

BHP Billiton has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

General Counsel

Service Provider

Associated Rounds

Provider Type

Counsel

Service Type

General Counsel

Partnership data by VentureSource

BHP Billiton Team

16 Team Members

BHP Billiton has 16 team members, including former Chief Executive Officer, President, Marcelo Bastos.

Name

Work History

Title

Status

Marcelo Bastos

Chief Executive Officer, President

Former

Ivan Arriagada

President

Former

Steve Bell

Remora Energy, and Sunoco LP

President

Former

Timothy Cutt

President

Former

Dean Dalla Valle

President, Chief Operating Officer, Chief Commercial Officer

Former

Name

Marcelo Bastos

Ivan Arriagada

Steve Bell

Timothy Cutt

Dean Dalla Valle

Work History

Remora Energy, and Sunoco LP

Title

Chief Executive Officer, President

President

President

President

President, Chief Operating Officer, Chief Commercial Officer

Status

Former

Former

Former

Former

Former

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