Billiton Ltd. may face enforcement actions by U.S. authorities
stemming from an investigation into the mining companys
sponsorship of the 2008 Beijing Olympics.
Discussions with the
Justice Department and the Securities and Exchange Commission
(SEC), are continuing, the Melbourne, Australia-based mining
company said. "The issues relate primarily to matters in
connection with previously terminated exploration and
development efforts, as well as hospitality provided as part of
the companys sponsorship of the Olympics."
BHP started an
internal investigation after receiving an SEC request for
information in August 2009. The company said it disclosed to
authorities information it uncovered regarding possible
violations of anti-corruption laws involving interactions with
foreign government officials.
BHP in March this year
denied violating anti-corruption laws as the Justice Department
and the Australian Federal Police were probing allegations that
the mining company provided inducements, hospitality and gifts
to Chinese and other foreign officials that may have led to
"In light of the
continuing nature of the investigations, it is not appropriate
at this stage for BHP Billiton to comment further or to predict
outcomes," the company said.
A version of this article was first published by AMM sister
publication Metal Bulletin.