BHP Billiton

BHP Billiton
/ˌbi eɪtʃ pi ˈbɪlətən/ (say .bee aych pee 'biluhtuhn)

noun
an international company formed in 2001 by the merger of the UK-based mining and metals company Billiton with the Broken Hill Proprietary Company (BHP), an Australian public company involved mainly in mining and iron and steel production which had been incorporated in 1885 and was for most of the 20th century Australia's largest manufacturing organisation.
BHP began mining silver, lead and zinc at Broken Hill in 1885. After leasing an iron ore mine at Iron Knob, SA, in 1889, the company opened a steelworks at Newcastle in 1915. Following World War I, it formed a shipping fleet and acquired coal mines, additional iron ore and limestone reserves, and steel product manufacturing companies. In 1935 it gained a monopoly of Australian steel production by taking over the Port Kembla works of the Australian Iron and Steel company. The company continued to expand rapidly and to diversify. By the 1990s it had become a leading global natural resources company with major interests in minerals, oil, gas and steel. It merged with Billiton in 2001.

Australian English dictionary. 2014.

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