BHP Billiton Ltd – ‘6-K’ for 7/4/01

On:  Thursday, 7/5/01, at 6:50pm ET   ·   As of:  7/6/01   ·   For:  7/4/01   ·   Accession #:  811809-1-500075   ·   File #:  1-09526

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Report of a Foreign Private Issuer   —   Form 6-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 6-K         Bhp Billiton Offer for Dia Met Expires                 2±     8K 


Date    4 July 2001                                                             
Number  02/01                                                                   

BHP BILLITON OFFER FOR DIA MET EXPIRES                                          

BHP Billiton Limited (BHP Billiton) today announced that its offers to acquire  
all of the Class A subordinate voting shares (Class A shares) and the Class B   
multiple voting shares (Class B shares) of  Dia Met Minerals Ltd. (Dia Met),    
for C$21.00 per share had expired.                                              

At the expiry of the offers, approximately 98.6 per cent of the Class A shares  
and 88.7 per cent of the Class B shares had been deposited, including shares    
previously taken up and paid for under the offers.  All conditions of the       
offers, including a minimum acceptance of 75 per cent of both classes of        
shares, have been met.                                                          

BHP Billiton now intends to exercise its statutory right to compulsorily        
acquire the remaining Class A shares, having secured over 90 per cent of this   
class.  The Company may also seek a meeting of Dia Met shareholders to          
consider a 'subsequent acquisition transaction', whereby BHP Billiton will      
acquire (at C$21.00 per share) all Class B shares not deposited under the       
offers.                                                                         

Acquisition of Dia Met, and the additional interest in the Ekati Diamond        
Mine (TM), is strategically important as it ensures that BHP Billiton will      
continue to have access to a larger supply of rough diamonds to support its     
polished diamond branding initiatives.                                          

BHP Billiton will account for its ownership of Dia Met from 30 June 2001.       
Based on acceptances to its offers, BHP Billiton will be entitled to an         
economic interest in Dia Met of 92 per cent, following the compulsory           
acquisition of the Class A shares.                                              

Dia Met is a publicly traded Canadian mineral exploration and development       
company with a primary focus on diamonds.  The company's principal asset is     
a 29 per cent joint venture interest in the Ekati Diamond Mine (TM), Canada's   
first commercial diamond mine.                                                  

BHP Billiton is the operator of the Ekati Diamond Mine (TM) and owns a 51 per   
cent joint venture interest.  Mr. Charles Fipke and Mr. Stewart Blusson own 10  
per cent of the joint venture respectively.                                     

Further information can be found on our Internet site:                          
http://www.bhpbilliton.com                                                      

ENQUIRIES:                                                                      

Australia                                                                       
Dr. Robert Porter, Vice President Investor & Media Relations                    
Tel:    +61 3 9609 3540                                                         
Mobile: +61 419 587 456                                                         
email: Robert.Porter@bhpbilliton.com                                            

Mandy Frostick, Manager Media Relations                                         
Tel:    +61 3 9609 4157                                                         
Mobile: +61 419 546 245                                                         
email: Mandy.J.Frostick@bhpbilliton.com                                         

Canada                                                                          
Graham Nicholls, Vice President External Affairs                                
Tel:    1 604 605 8666 ext 241                                                  
Mobile: 1 604 818 0997                                                          
Fax:    1 604 681 5736                                                          
email: G.Nicholls@bhpbilliton.com                                               

United Kingdom                                                                  
Marc Gonsalves, Vice President Investor Relations & Communication               
Tel:    +44 20 7747 3956                                                        
Mobile: +44 7768 264 950                                                        
Fax:    +44 20 7747 3914                                                        
email: Marc.Gonsalves@bhpbilliton.com                                           

South Africa                                                                    
Michael Campbell, Vice President Investor & Media Relations                     
Tel:    +27 11 376 3360                                                         
Mobile: +27 82 458 2587                                                         
Fax:    +27 11 376 3362                                                         
email: Mike.Campbell@bhpbilliton.com                                            

United States                                                                   
Francis McAllister, Manager Investor Relations                                  
Tel:    +1 713 961 8625                                                         
Mobile: +1 713 480 3699                                                         
email: Francis.R.McAllister@bhpbilliton.com