Page 223 - Annual Report 2020

29 Subsidiaries

Significant subsidiaries of the Group are those with the most significant contribution to the Group’s net profit or net assets. The Group’s
interest in the subsidiaries results are listed in the table below. For a complete list of the Group’s subsidiaries, refer to note 13 ‘Related Strategic Report
undertakings of the Group’ in section 5.2.
Group’s interest
Country of 2020 2019
Significant subsidiaries incorporation Principal activity % %
Coal
BHP Billiton Mitsui Coal Pty Ltd Australia Coal mining 80 80
Hunter Valley Energy Coal Pty Ltd Australia Coal mining 100 100
Copper
BHP Billiton Olympic Dam Corporation Pty Ltd Australia Copper and uranium mining 100 100
Compañia Minera Cerro Colorado Limitada Chile Copper mining 100 100
Minera Escondida Limitada (1) Chile Copper mining 57.5 57.5 Governance at BHP
Minera Spence S.A. Chile Copper mining 100 100
Iron Ore
BHP Billiton Iron Ore Pty Ltd Australia Service company 100 100
BHP Billiton Minerals Pty Ltd Australia Iron ore and coal mining 100 100
BHP Iron Ore (Jimblebar) Pty Ltd (2) Australia Iron ore mining 85 85
BHP (Towage Service) Pty Ltd Australia Towing services 100 100
Marketing
BHP Billiton Freight Singapore Pte Limited Singapore Freight services 100 100
BHP Billiton Marketing AG Switzerland Marketing and trading 100 100
BHP Billiton Marketing Asia Pte Ltd Singapore Marketing support and other services 100 100
Group and Unallocated Remuneration Report
BHP Billiton Canada Inc. Canada Potash development 100 100
BHP Billiton Finance BV The Netherlands Finance 100 100
BHP Billiton Finance Limited Australia Finance 100 100
BHP Billiton Finance (USA) Ltd Australia Finance 100 100
BHP Billiton Nickel West Pty Ltd Australia Nickel mining, smelting, refining and administrative services 100 100
BHP Group Operations Pty Ltd Australia Administrative services 100 100
WMC Finance (USA) Limited Australia Finance 100 100
(1) As the Group has the ability to direct the relevant activities at Minera Escondida Limitada, it has control over the entity. The assessment of the most relevant activity
in this contractual arrangement is subject to judgement. The Group establishes the mine plan and the operating budget and has the ability to appoint the key
management personnel, demonstrating that the Group has the existing rights to direct the relevant activities of Minera Escondida Limitada.
(2) The Group has an effective interest of 92.5 per cent in BHP Iron Ore (Jimblebar) Pty Ltd; however, by virtue of the shareholder agreement with ITOCHU Iron Ore Directors’ Report
Australia Pty Ltd and Mitsui & Co. Iron Ore Exploration & Mining Pty Ltd, the Group’s interest in the Jimblebar mining operation is 85 per cent, which is consistent
with the other respective contractual arrangements at Western Australia Iron Ore.

5

Financial Statements

Additional information

BHP Annual Report 2020 221 Shareholder information