On June 30, Australian
mining giant
BHP Billiton announced it has completed its $10 billion stock repurchase program. Accordingly,
BHP Billiton's total value of repurchased shares in London and Sydney has reached $23 billion since 2004.
In the $10 billion stock buyback program,
BHP Billiton has repurchased 93.9 million of its own shares on the London Stock Exchange at a cost of $3.64 billion, while at the same time purchasing 146.9 million of its shares on the Australian Stock Exchange in Sydney at a cost of $6.34 billion in an off-market transaction. The volume of repurchased shares in Sydney accounted for 4.4 percent of the company's shares on the Australian Stock Exchange.