Dividends
The Group's dividend policy, established at the time of Listing, is for the Board to consider the cash generation and financing requirements of the business and then recommend a suitable dividend. This maintains flexibility which is appropriate given the underlying cyclicality of a commodity business. The Group has a strong record of payments to shareholders with returns of $2,095 million in ordinary dividends, buy-backs and special dividends since its Listing in 2005. Given the ongoing financing requirements of the major growth projects during their construction and ramp up and the uncertain economic outlook, the Board does not recommend a dividend in respect of the 2015 financial year. It is, however, the Board's intention that the Group resumes dividend payments in the future, following completion of the major growth projects.
