LONDON-- BHP Billiton PLC (BLT.LN) Thursday confirmed that it will launch a new company it plans to create via demerger on the London Stock Exchange.

"We continue to work towards completion of the demerger in the first half of the 2015 calendar year, subject to receipt of the necessary approvals," said Chief Executive Andrew Mackenzie.

-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan

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