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BHP Billiton PLC (BLT)

  Print      Mail a friend       Annual reports

Wednesday 20 January, 2016

BHP Billiton PLC

Operational Review Half Year Ended 31 Dec 2015

RNS Number : 3766M
BHP Billiton PLC
19 January 2016
 

NEWS RELEASE

Release Time

IMMEDIATE

Date

20 January 2016

Number

2/16

 

BHP BILLITON OPERATIONAL REVIEW

FOR THE HALF YEAR ENDED 31 DECEMBER 2015

 

·     Further productivity improvements supported the robust production performance across our operated assets during the period.

·     Full year production guidance maintained for Petroleum, Copper and Coal.

·     Guidance at Western Australia Iron Ore (WAIO) maintained at 270 Mt (100% basis) as continued productivity is expected to offset one-off operational issues from the December quarter. Total iron ore guidance reduced by 10 Mt to 237 Mt due to the suspension of production at Samarco.

·     Four major projects under development are tracking to plan. The North West Shelf Greater Western Flank-A petroleum project was completed under budget and ahead of schedule. The Greater Western Flank-B project was approved during the period.

·     Underlying attributable profit(1) in the December 2015 half year is expected to include additional charges in a range of approximately US$300 million to US$450 million (detail presented on page 2).

Production

Dec H15

vs Dec H14


Petroleum (MMboe)

125

(5%)

Lower gas volumes reflect deferral of development activity in Onshore US and natural field decline in our Conventional assets.

Copper (kt)

762

(6%)

Increased throughput enabled by the ramp up of the Escondida Organic Growth Project 1 and strong operating performance across the business partially offset expected lower grades at Escondida.

Iron ore (Mt)

118

4%

Record WAIO volumes for the half year as the Jimblebar mining hub operated at full capacity following ramp-up in the prior year.

Metallurgical coal (Mt)

21

(3%)

Record production at four Queensland Coal mines partially offset a convergence event at Broadmeadow and planned closure of Crinum.

Energy coal (Mt)

19

(3%)

Unfavourable weather conditions at NSWEC and Cerrejón.

 

BHP Billiton Chief Executive Officer, Andrew Mackenzie, said: "Our operated assets continued to perform well over the last six months. The strong performance of our conventional petroleum assets has offset lower shale volumes following a reduction in investment to preserve the value of our acreage in current market conditions. Increased throughput at Escondida helped mitigate the impact of expected grade decline and better productivity supported production at Queensland Coal. These efforts have allowed us to maintain production guidance for Petroleum, Copper, Coal and Western Australia Iron Ore.

 

"Commodity prices fell substantially in the first half of the 2016 financial year putting pressure on the whole resources sector. We continue to cut costs and remain focused on safely improving our operational performance to enhance the resilience of our business. In this environment, we are also committed to protecting our strong balance sheet so we have the financial flexibility to manage further volatility and take advantage of the expected recovery in copper and oil over the medium term."

 

Summary

 

Operational performance

 

Production for the December 2015 half year and quarter and guidance for the 2016 financial year are summarised in the table below.

 

Production

Dec

2015

Half

Dec

2015

Qtr

Dec H15

vs

Dec H14

Dec Q15

vs

Dec Q14

Dec Q15

vs

Sep Q15

Previous

FY16

guidance

Current

FY16

guidance

Petroleum (MMboe)

124.7

60.2

(5%)

(5%)

(7%)

237

237

Onshore US (MMboe)

58.4

28.5

(5%)

(9%)

(4%)

112

109

Copper (Mt)

0.8

0.4

(6%)

(9%)

2%

1.5

1.5

Escondida (kt)

452

221

(18%)

(22%)

(4%)

940

940

Iron ore (Mt)

118

57

4%

1%

(7%)

247

237

WAIO (100% basis) (Mt)

131

64

6%

5%

(4%)

270

270

Metallurgical coal (Mt)

21

10

(3%)

(6%)

0%

40

40

Energy coal (Mt)(2)

19

10

(3%)

(6%)

(3%)

40

40

 

Major development projects

 

During the December 2015 quarter, BHP Billiton approved an investment of US$314 million (BHP Billiton share) for the North West Shelf Greater Western Flank-B petroleum project. This follows the delivery of first production from the North West Shelf Greater Western Flank-A project during the December 2015 quarter, which was completed under budget and ahead of schedule. The Flank-A project will not be reported in future Operational Reviews.

 

At the end of the December 2015 quarter, BHP Billiton had four major projects under development in Petroleum, Copper and Potash, with a combined budget of US$6.9 billion over the life of the projects.

 

Corporate update

 

BHP Billiton expects Underlying attributable profit in the December 2015 half year to include additional charges in a range of approximately US$300 million to US$450 million related to: (1) redundancies largely associated with the simplification of our business, rig terminations in Onshore US and closure of the Crinum coal mine;(2) inventory write-downs reflecting significantly weaker commodity prices; and (3) global royalty and taxation matters.

 

Additional charges to be recognised in the December 2015 half year

(US$ million)

 

Underlying EBIT (1)

Underlying attributable profit (1)

Redundancies and closure(i): across all businesses

200 to 250

125 to 175

Inventory write-downs: across all minerals businesses

100 to 150

50 to 100

Global royalty and taxation matters

125 to 175

125 to 175

Total charges

425 to 575

300 to 450

(i)     Includes rig termination charges in Onshore US

 

In addition, the Group expects to record a number of exceptional items in the December 2015 half year.

 

On 15 January 2016, BHP Billiton announced that it expects to recognise an impairment charge of approximately US$4.9 billion post-tax (or approximately US$7.2 billion pre-tax) against the carrying value of its Onshore US assets. The impairment reflects changes to price assumptions, discount rates and development plans. This follows significant volatility and much weaker prices experienced in the oil and gas industry which have more than offset our substantial productivity improvements. This impairment will be reported as an exceptional item in the interim financial results to be released in February 2016.

 

'Global taxation matters' includes potential litigation and tax-related amounts.

 

Exceptional items to be recognised in the December 2015 half year (US$ billion)



Attributable profit

Impairment of Onshore US assets



~4.9

Global taxation matters



0.25 to 0.45

 

On 5 November 2015, the Samarco Mineração S.A (Samarco) iron ore operation in Minas Gerais, Brazil, experienced a breach of the Fundão tailings dam and Santarém water dam. Samarco is continuing to work on quantifying the estimated costs related to the tragedy and, therefore, it is too early to provide an estimate of the financial impact on BHP Billiton. We are continuing to work closely with Samarco and will provide an estimate as soon as we are in a position to do so. BHP Billiton's 50 per cent interest in Samarco is recorded as an equity accounted investment as one line on the balance sheet. Any charges related to the event are expected to be classified as an exceptional item.

The Group's adjusted effective tax rate (3) is expected to remain in the range of 33 per cent to 37 per cent in the December 2015 half year.

The above guidance will be updated should material information or events arise as the Group finalises its financial statements.

 

Marketing update

 

The average realised prices achieved for our major commodities are summarised in the table below. Iron ore shipments, on average, were linked to the index price for the month of shipment, with price differentials reflecting product quality. The majority of metallurgical coal and energy coal exports were linked to the index price for the month of shipment or sold on the spot market, with price differentials reflecting product quality.

 

Average realised prices(i)

Dec

2015

Half

Dec

2014

Half

June

2015

Half

FY15

Dec H15

vs

Dec H14

Dec H15

vs

Jun H15

Dec H15

vs

FY15

Oil (crude and condensate) (US$/bbl)

42

85

52

68

(51%)

(19%)

(38%)

Natural gas (US$/Mscf)(ii)

2.91

4.21

3.29

3.77

(31%)

(12%)

(23%)

US natural gas (US$/Mscf)

2.35

3.89

2.59

3.27

(40%)

(9%)

(28%)

LNG (US$/Mscf)

8.24

13.76

9.40

11.65

(40%)

(12%)

(29%)

Copper (US$/lb)

2.12

2.98

2.61

2.78

(29%)

(19%)

(24%)

Iron ore (US$/wmt, FOB)

43

70

53

61

(39%)

(19%)

(30%)

Hard coking coal (US$/t)

82

110

99

105

(25%)

(17%)

(22%)

Weak coking coal (US$/t)

67

92

85

88

(27%)

(21%)

(24%)

Thermal coal (US$/t)(iii)

49

61

56

58

(20%)

(13%)

(16%)

Nickel metal (US$/t)

9,926

16,905

13,688

15,301

(41%)

(27%)

(35%)

(i)     Based on provisional, unaudited estimates. Prices exclude third party product and internal sales, and represent the weighted average of various sales terms (for example: FOB, CIF and CFR), unless otherwise noted.

(ii)    Includes internal sales.

(iii)   Export sales only; excludes Cerrejón. Includes thermal coal sales from metallurgical coal mines.

 

At 31 December 2015, the Group had 268 kt of outstanding copper sales that were revalued at a weighted average price of US$2.14 per pound. The final price of these sales will be determined over the remainder of the 2016 financial year. In addition, 363 kt of copper sales from the 2015 financial year were subject to a finalisation adjustment in the current period. The provisional pricing and finalisation adjustments will decrease earnings before interest and tax by US$336 million in the December 2015 half year.

 

Petroleum

 

Production

 


Dec

2015

Half

Dec

2015

Qtr

Dec H15

vs

Dec H14

Dec Q15

vs

Dec Q14

Dec Q15

vs

Sep Q15

Crude oil, condensate and natural gas liquids (MMboe)

60.5

29.8

(3%)

(4%)

(3%)

Natural gas (bcf)

385.6

182.8

(7%)

(6%)

(10%)

Total petroleum production (MMboe)

124.7

60.2

(5%)

(5%)

(7%)

 

Total petroleum production - Total petroleum production for the December 2015 half year decreased by five per cent to 124.7 MMboe. Guidance for the 2016 financial year remains unchanged at 237 MMboe, as the strong performance by our Conventional business offset lower volumes following a further reduction in Onshore US activity, a third party gas plant outage in the Permian and the successful divestment of our gas business in Pakistan.

 

Crude oil, condensate and natural gas liquids - Crude oil, condensate and natural gas liquids production for the December 2015 half year decreased by three per cent to 60.5 MMboe.

 

Onshore US liquids volumes for the December 2015 half year rose by eight per cent to 26.3 MMboe, underpinned by an increase in liquids production from the Black Hawk and Permian of nine per cent and 78 per cent, respectively. However, a reduction in capital spend of approximately 25 per cent contributed to a three per cent decline in liquids production from the Black Hawk and Permian, relative to the September 2015 quarter. Given a further reduction in development activity, annual liquids volumes from these liquids-rich fields are now expected to show a modest decline year on year.

 

In our Conventional business, a nine per cent decrease in liquids production reflects the impact of industrial action at Bass Strait and natural field decline across the portfolio.

 

Natural gas - Natural gas production for the December 2015 half year declined by seven per cent to

386 bcf.

 

The decline primarily reflects lower Onshore US gas volumes as a result of the decision to defer development activity for longer-term value. This was partially offset by higher seasonal demand at Bass Strait.

 

Projects

 

Project and ownership

Capital expenditure(US$m)

Initial production target date

 

Capacity Progress

North West Shelf Greater Western Flank-A
(Australia)
16.67%
(non-operator)

400

CY16

To maintain LNG plant throughput from the North West Shelf operations.

First production achieved in Q4 CY15. Project completed ahead of schedule and under budget.

Bass Strait Longford Gas Conditioning Plant
(Australia)
50% (non-operator)

520

CY16

Designed to process approximately 400 MMcf/d of high-CO2 gas.

On schedule and budget. The overall project is 76% complete.

North West Shelf Greater Western Flank-B

(Australia)

16.67% (non-operator)

314

CY19

To maintain LNG plant throughput from the North West Shelf operations.

Project approved by all joint venture partners in December 2015.

 

Conventional capital expenditure of US$1.5 billion is expected for the 2016 financial year, and remains focused on high-return infill drilling opportunities in the Gulf of Mexico and Western Australia, as well as life extension projects at Bass Strait and North West Shelf.

 

Onshore US development activity

 

Onshore US drilling and development expenditure for the December 2015 half year was approximately US$850 million, less than half the December 2014 half year. Our operated rig count remained at seven in the December 2015 quarter, however, we plan a reduction of two additional rigs from the Black Hawk in the March 2016 quarter as we continue to improve drilling efficiency and defer development activity to preserve value. An update to the drilling and development expenditure budget for the 2016 financial year will be provided with the release of our interim results in February 2016.

 

December 2015 half year


Liquids focused areas


(December 2014 half year)


Eagle Ford

Permian

Haynesville

Fayetteville

Total

Capital expenditure(i)

US$ billion

0.6 (1.2)

0.2 (0.4)

0.0 (0.2)

0.0 (0.1)

0.8 (1.9)

Rig allocation

At period end

5 (18)

2 (5)

0 (3)

0 (0)

7 (26)

Net wells drilled and completed(ii)

Period total

74 (85)

19 (18)

4 (13)

10 (8)

107 (124)

Net productive wells

At period end

912 (732)

94 (49)

409 (406)

1,085 (1,021)

2,500 (2,208)

(i)    Includes land acquisition, site preparation, drilling, completions, well site facilities, mid-stream infrastructure and pipelines.

(ii)   Can vary between periods based on changes in rig activity and the inventory of wells drilled but not yet completed at period end.

 

Petroleum exploration

 

Exploration and appraisal wells drilled during the December 2015 half year are summarised below.

 

Well

Location

Target

BHP Billiton equity

Spud date

Water depth

Total well depth

Status

Shenzi North-ST2

Gulf of Mexico
GC609

Oil

44%
(operator)

15 August 2015

1,309 m

9,332 m

Hydrocarbons encountered; Plugged and abandoned

Shenzi North-ST3

Gulf of Mexico
GC609

Oil

72%
(operator)

24 October 2015

1,309 m

9,577 m

Hydrocarbons encountered; Evaluation ongoing

 

Our Petroleum exploration is focused in the deepwater Gulf of Mexico, the Caribbean and the Beagle sub-basin off the coast of Western Australia. We are pursuing high-quality oil plays in these three focus areas and continue to invest opportunistically in future growth options. Since August 2015, BHP Billiton has acquired 26 blocks in the Western Gulf of Mexico Lease Sale with a 100 per cent working interest.

 

Petroleum exploration expenditure for the December 2015 half year was US$321 million, of which US$126 million was expensed. A US$600 million exploration program remains on plan for the 2016 financial year, largely focused on acreage access, seismic data acquisition across our three key focus areas and increased activity in our exploration drilling program.

 

Copper

 

Production

 


Dec

2015

Half

Dec

2015

Qtr

Dec H15

vs

Dec H14

Dec Q15

vs

Dec Q14

Dec Q15

vs

Sep Q15

Copper (kt)

762

385

(6%)

(9%)

2%

Zinc (t)

37,051

16,454

0%

1%

(20%)

Silver (troy koz)

6,056

2,863

36%

37%

(10%)

Uranium oxide concentrate (t)

2,547

1,386

31%

29%

19%

 

Copper - Total copper production for the December 2015 half year decreased by six per cent to 762 kt as continued strong operating performance across the business was offset by grade decline at Escondida, as anticipated. Guidance for the 2016 financial year remains unchanged at 1.5 Mt.

 

Escondida copper production for the December 2015 half year decreased by 18 per cent to 452 kt as record material mined, underpinned by improvements in truck availability and utilisation, was more than offset by a 25 per cent decline in grade. Increased ore milled during the period was enabled by a drawdown of historically high-cost, lower grade ore inventory. Production guidance for Escondida remains unchanged at approximately 940 kt for the 2016 financial year, as the ramp up of the Organic Growth Project 1 progresses ahead of plan and is expected to reach full capacity during the year. In the medium term, completion of the Escondida Water Supply project and the potential life extension of Los Colorados will enable utilisation of three concentrators to offset grade decline and support a strong recovery in production(4).

 

Pampa Norte copper production for the December 2015 half year was broadly unchanged at 126 kt, as record ore milled and higher grade underpinned record production at Spence and offset lower recoveries at Cerro Colorado. Copper production at Cerro Colorado increased by 37 per cent in the December 2015 quarter relative to the September 2015 quarter as mining progressed through a zone of higher-grade ore. The Spence and Cerro Colorado triennial collective bargaining agreements were successfully concluded in December 2015 and January 2016 respectively. Production at Pampa Norte for the 2016 financial year is now expected to be ahead of the prior year despite a short period of industrial action at Cerro Colorado. In the short to medium term, the Spence Recovery Optimisation project will enable the full utilisation of approximately 200 ktpa of tankhouse capacity.

 

Olympic Dam copper production increased by 37 per cent from the December 2014 half year to a record 112 kt and reflects record ore milled and improved smelter utilisation following planned maintenance in the prior period. Copper grade increased by 35 per cent in the December 2015 quarter in line with the mine plan. Olympic Dam copper production is now on track to exceed 200 kt for the 2016 financial year.

 

Antamina copper production for the December 2015 half year increased by 36 per cent to 72 kt as higher grades and recoveries were supported by record material mined and milled. Antamina copper production of 136 kt is forecast for the 2016 financial year.

 

Project

 

Project and ownership

Capital expenditure (US$m)

Initial production target date

Capacity

Progress

Escondida Water Supply
(Chile)
57.5%

3,430

CY17

New desalination facility to ensure continued water supply to Escondida.

On schedule and budget. The overall project is 76% complete.

 

Iron Ore

 

Production

 


Dec

2015

Half

Dec

2015

Qtr

Dec H15

vs

Dec H14

Dec Q15

vs

Dec Q14

Dec Q15

vs

Sep Q15

Iron ore (kt)

118,275

56,960

4%

1%

(7%)

 

Iron ore - Total iron ore production for the December 2015 half year increased by four per cent to 118 Mt. Production for the 2016 financial year is now expected to be 237 Mt, four per cent lower than prior guidance and reflects the suspension of operations at Samarco.

 

WAIO production increased by six per cent in the December 2015 half year to a record 131 Mt (100 per cent basis), underpinned by the Jimblebar mining hub operating at full capacity and improved ore handling plant utilisation at Newman. This was partially offset by a train derailment and a power outage at the port which reduced volumes in the December 2015 quarter. WAIO guidance for the 2016 financial year remains unchanged at 270 Mt (100 per cent basis) subject to a benign wet season, as continued productivity is expected to offset the one-off operational issues from the December 2015 quarter. The ramp-up of additional capacity at the Jimblebar mining hub and further improvements in the efficiency of the integrated supply chain will deliver an increase in system capacity to 290 Mtpa over time.

 

Samarco production for the December 2015 half year decreased by 25 per cent to 11 Mt (100 per cent basis). Mining and processing operations at Samarco remain suspended following the breach of the Fundão tailings dam and Santarém water dam on 5 November 2015. Pellets continued to be shipped from port stockpiles during the December 2015 quarter with the final shipment of pellets expected in January 2016.

 

The sale of BHP Billiton's 100 per cent interest in its Liberia iron ore project to Cavalla Resources was completed in October 2015.

 

Coal

 

Production

 


Dec

2015

Half

Dec

2015

Qtr

Dec H15

vs

Dec H14

Dec Q15

vs

Dec Q14

Dec Q15

vs

Sep Q15

Metallurgical coal (kt)

20,934

10,485

(3%)

(6%)

0%

Energy coal (kt)

19,384

9,537

(3%)

(6%)

(3%)

 

Metallurgical coal - Metallurgical coal production for the December 2015 half year decreased by three per cent to 21 Mt. Guidance for the 2016 financial year remains unchanged at 40 Mt.

 

Queensland Coal production declined in the December 2015 half year as record production at the Blackwater, Daunia, Caval Ridge and South Walker Creek mines was offset by a convergence event at the Broadmeadow mine, which has since resumed normal operations, and completion of longwall mining at the Crinum mine. The Crinum mine will transition into care and maintenance in the March 2016 quarter.

 

Energy coal - Energy coal production for the December 2015 half year decreased by three per cent to 19 Mt. Guidance for the 2016 financial year remains unchanged at 40 Mt(2).

 

Lower production for the December 2015 half year reflected continued drought conditions at Cerrejón and the impact of heavy rainfall at New South Wales Energy Coal. A 16 per cent increase in Navajo Coal volumes due to higher customer demand was offset by lower customer requirements for our San Juan product.

 

On 2 July 2015, BHP Billiton announced that the sale agreement for the San Juan Mine to Westmoreland Coal Company (WCC) had been executed. Regulatory approval has been received and the transaction is now expected to be completed in the March 2016 quarter, following agreement with both parties to ensure all closing conditions are met.

 

Other

 

Nickel production

 


Dec

2015

Half

Dec

2015

Qtr

Dec H15

vs

Dec H14

Dec Q15

vs

Dec Q14

Dec Q15

vs

Sep Q15

Nickel (kt)

37.3

15.2

(23%)

(36%)

(31%)

 

Nickel - Nickel West production for the December 2015 half year decreased by 23 per cent to 37.3 kt. Lower volumes reflected planned major outages at the Kalgoorlie smelter and Kwinana refinery during the December 2015 quarter and a reduction in third party ore delivered to the Kambalda concentrator.

 

Potash project

 

Project and ownership

Investment (US$m)

Scope

Progress

Jansen Potash

(Canada)

100%

2,600

Investment to finish the excavation and lining of the production and service shafts, and to continue the installation of essential surface infrastructure and utilities.

The project is 54% complete and within the approved budget. Shaft excavation is progressing.

 

Minerals exploration

 

Minerals exploration expenditure for the December 2015 half year was US$89 million, of which US$73 million was expensed. Greenfield minerals exploration is predominantly focused on advancing copper targets within Chile, Peru and the South-West United States.


 

Variance analysis relates to the relative performance of BHP Billiton and/or its operations during the December 2015 half year compared with the December 2014 half year, unless otherwise noted. Production volumes, sales volumes and capital and exploration expenditure from subsidiaries are reported on a 100 per cent basis; production and sales volumes from equity accounted investments and other operations are reported on a proportionate consolidation basis.

 

The following footnotes apply to this Operational Review:

(1)  Underlying attributable profit and Underlying EBIT are used to reflect the underlying performance of BHP Billiton. Underlying attributable profit is Attributable profit excluding any exceptional items. Underlying EBIT is earnings before net finance costs, taxation and any exceptional items.

(2)  Guidance assumes a full year of production from the San Juan mine.

(3)  The Group's adjusted effective tax rate excludes the influence of exchange rate movements and exceptional items.

(4)  Subject to Escondida Owners Council approval.

 

The following abbreviations may have been used throughout this report: barrels (bbl); billion cubic feet (bcf); cost and freight (CFR); cost, insurance and freight (CIF); dry metric tonne unit (dmtu); free on board (FOB); grams per tonne (g/t); kilograms per tonne (kg/t); kilometre (km); metre (m); million barrels of oil equivalent (MMboe); million cubic feet per day (MMcf/d); million tonnes (Mt); million tonnes per annum (Mtpa); ounces (oz); pounds (lb); thousand barrels of oil equivalent (Mboe); thousand ounces (koz); thousand standard cubic feet (Mscf); thousand tonnes (kt); thousand tonnes per annum (ktpa); thousand tonnes per day (ktpd); tonnes (t); and wet metric tonnes (wmt).

 

Further information on BHP Billiton can be found at: bhpbilliton.com

 

Media Relations

 

Australia and Asia

 

Emily Perry

Tel: +61 3 9609 2800  Mobile: +61 477 325 803

email: Emily.Perry@bhpbilliton.com

 

Eleanor Colonico

Tel: +61 3 9609 2360  Mobile: +61 407 064 748

email: Eleanor.Colonico@bhpbilliton.com 

 

Paul Hitchins

Tel: +61 3 9609 2592  Mobile: +61 419 315 001

email: Paul.Hitchins@bhpbilliton.com 

 

United Kingdom and South Africa

 

Ruban Yogarajah

Tel: +44 207 802 4033  Mobile: +44 7827 082 022

email: Ruban.Yogarajah@bhpbilliton.com

 

Jennifer White

Tel: +44 207 802 7462  Mobile: +44 7827 253 764

email: Jennifer.White@bhpbilliton.com

 

North America

 

Jaryl Strong

Tel: +1 713 499 5548  Mobile: +1 281 222 6627

email: Jaryl.Strong@bhpbilliton.com

Investor Relations

 

Australia and Asia

 

Tara Dines

Tel: +61 3 9609 2222  Mobile: +61 499 249 005

email: Tara.Dines@bhpbilliton.com

 

Andrew Gunn

Tel: +61 3 9609 3575  Mobile: +61 402 087 354

email: Andrew.Gunn@bhpbilliton.com

 

United Kingdom and South Africa

 

Jonathan Price

Tel: +44 20 7802 4131  Mobile: +44 7990 527 726

email: Jonathan.H.Price@bhpbilliton.com

 

Americas

 

James Wear

Tel: +1 212 310 1421 Mobile: +61 429 124 209

email: James.Wear@bhpbilliton.com

 

Joseph Suarez

Tel: +1 212 310 1422  Mobile: +1 646 400 3803

email: Joseph.Suarez@bhpbilliton.com

 

 

BHP Billiton Limited ABN 49 004 028 077

Registered in Australia

Registered Office: Level 16, 171 Collins Street

Melbourne Victoria 3000 Australia

Tel +61 1300 55 4757 Fax +61 3 9609 3015

 

 

 

 

BHP Billiton Plc Registration number 3196209

Registered in England and Wales

Registered Office: Neathouse Place

London SW1V 1LH United Kingdom

Tel +44 20 7802 4000 Fax +44 20 7802 4111

 

Members of the BHP Billiton Group which is headquartered in Australia

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PRODUCTION SUMMARY

 





QUARTER ENDED

YEAR TO DATE

 




BHP Billiton

DEC

MAR

JUN

SEP

DEC

DEC

DEC

 




interest

2014

2015

2015

2015

2015

2015

2014

 

Petroleum (1)

Petroleum









 

Crude oil, condensate and NGL (Mboe)









 


Onshore US


 12,905

 15,848

 15,413

 13,453

 12,805

 26,258

 24,365

 


Conventional


 18,258

 15,450

 15,759

 17,259

 16,976

 34,235

 37,743

 


Total


 31,163

 31,298

 31,172

 30,712

 29,781

 60,493

 62,108

 











 

Natural gas (bcf)









 


Onshore US


 110.3

 99.9

 96.4

 98.2

 94.4

 192.6

 223.9

 


Conventional


 84.1

 81.6

 95.4

 104.6

 88.4

 193.0

 189.4

 


Total


 194.4

 181.5

 191.8

 202.8

 182.8

 385.6

 413.3

 











 

Total petroleum production (MMboe)


 63.6

 61.5

 63.2

 64.5

 60.2

 124.7

 131.0

 

 

Copper (2)









 

Copper









 

Payable metal in concentrate (kt)








 


Escondida (3)

57.5%

 208.8

 260.9

 247.0

 159.6

 131.7

 291.3

 408.2

 


Antamina

33.8%

 27.3

 26.7

 28.0

 35.1

 37.2

 72.3

 53.0

 


Total


 236.1

 287.6

 275.0

 194.7

 168.9

 363.6

 461.2

 










 

Cathode (kt)









 


Escondida (3)

57.5%

 75.0

 77.3

 88.8

 70.9

 89.3

 160.2

 144.3

 


Pampa Norte (4)

100%

 69.6

 66.5

 57.7

 56.8

 69.0

 125.8

 125.4

 


Olympic Dam

100%

 43.0

 28.6

 13.7

 54.9

 57.4

 112.3

 82.2

 


Total


 187.6

 172.4

 160.2

 182.6

 215.7

 398.3

 351.9

 











 

Total Copper


 423.7

 460.0

 435.2

 377.3

 384.6

 761.9

 813.1

 

 

Lead









 

Payable metal in concentrate (t)








 


Antamina

33.8%

 486

 493

 448

 857

 1,024

 1,881

 1,119

 


Total

    

 486

 493

 448

 857

 1,024

 1,881

 1,119

 

 

Zinc









 

Payable metal in concentrate (t)








 


Antamina

33.8%

 16,271

 13,571

 15,857

 20,597

 16,454

 37,051

 37,007

 


Total


 16,271

 13,571

 15,857

 20,597

 16,454

 37,051

 37,007

 

 

Gold










 

Payable metal in concentrate (troy oz)








 


Escondida (3)

57.5%

 12,710

 21,265

 25,554

 23,805

 17,889

 41,694

 34,690

 


Olympic Dam (refined gold)

100%

 38,537

 26,441

 9,438

 29,349

 39,299

 68,648

 68,901

 


Total


 51,247

 47,706

 34,992

 53,154

 57,188

 110,342

 103,591

 

 

Silver









 

Payable metal in concentrate (troy koz)







 


Escondida (3)

57.5%

 958

 1,355

 1,314

 1,181

 962

 2,143

 2,117

 


Antamina

33.8%

 885

 872

 1,115

 1,766

 1,636

 3,402

 1,839

 


Olympic Dam (refined silver)

100%

 243

 172

 55

 246

 265

 511

 497

 


Total


 2,086

 2,399

 2,484

 3,193

 2,863

 6,056

 4,453

 

 

Uranium








 

Payable metal in concentrate (t)








 


Olympic Dam

100%

 1,076

 607

 595

 1,161

 1,386

 2,547

 1,942

 


Total


 1,076

 607

 595

 1,161

 1,386

 2,547

 1,942

 

 

Molybdenum









 

Payable metal in concentrate (t)








 


Antamina

33.8%

 75

 151

 206

 92

 232

 324

 115

 


Total


 75

 151

 206

 92

 232

 324

 115

 




 

Iron Ore

Iron Ore

 

Production (kt) (5)









 


Newman

85%

 16,012

 14,916

 16,062

 18,006

 17,003

 35,009

 32,719

 


Area C Joint Venture

85%

 11,314

 13,201

 12,214

 12,163

 11,723

 23,886

 24,579

 


Yandi Joint Venture

85%

 17,694

 16,798

 17,452

 16,886

 15,960

 32,846

 34,301

 


Jimblebar (6)

85%

 2,813

 4,513

 5,462

 3,262

 4,852

 8,114

 6,784

 


Wheelarra

85%

 4,755

 5,965

 5,159

 7,259

 5,757

 13,016

 7,870

 


Samarco

50%

 3,764

 3,586

 3,737

 3,739

 1,665

 5,404

 7,190

 


Total


 56,352

 58,979

 60,086

 61,315

 56,960

 118,275

 113,443

 

 

Coal


 

Metallurgical coal









Production (kt) (7)










BMA

50%

 9,009

 7,602

 9,023

 8,087

 8,207

 16,294

 17,237


BHP Billiton Mitsui Coal (8)

80%

 2,128

 2,057

 2,370

 2,347

 2,191

 4,538

 4,332


Haju (9)

75%

 -

 -

 -

 15

 87

 102

 -


Total


 11,137

 9,659

 11,393

 10,449

 10,485

 20,934

 21,569

 

Energy Coal









Production (kt)










USA

100%

 2,512

 2,247

 2,574

 2,676

 2,632

 5,308

 5,202


Australia

100%

 4,608

 5,252

 5,086

 4,644

 4,277

 8,921

 9,360


Colombia

33.3%

 3,003

 2,975

 2,944

 2,527

 2,628

 5,155

 5,372


Total


 10,123

 10,474

 10,604

 9,847

 9,537

 19,384

 19,934

 

Nickel






 

Saleable production (kt)









Nickel West

100%

 23.7

 21.9

 19.3

 22.1

 15.2

 37.3

 48.7


Total


 23.7

 21.9

 19.3

 22.1

 15.2

 37.3

 48.7

 

(1) LPG and ethane are reported as natural gas liquids (NGL). Product-specific conversions are made and NGL is reported in barrels of oil equivalent (boe). Total boe conversions are based on 6 bcf of natural gas equals 1 MMboe.

(2) Metal production is reported on the basis of payable metal.

(3) Shown on a 100% basis. BHP Billiton interest in saleable production is 57.5%.

(4) Includes Cerro Colorado and Spence.

(5) Iron ore production is reported on a wet tonnes basis.

(6) Shown on a 100% basis. BHP Billiton interest in saleable production is 85%.

(7) Metallurgical coal production is reported on the basis of saleable product. Production figures include some thermal coal.

(8) Shown on 100% basis. BHP Billiton interest in saleable production is 80%.

(9) Shown on 100% basis. BHP Billiton interest in saleable production is 75%.

 

PRODUCTION AND SALES REPORT












QUARTER ENDED

YEAR TO DATE





DEC

MAR

JUN

SEP

DEC

DEC

DEC





2014

2015

2015

2015

2015

2015

2014

Petroleum (1)

 









Bass Strait








Crude oil and condensate

(Mboe)

 2,284

 1,156

 1,707

 1,877

 1,390

 3,267

 5,102


NGL

(Mboe)

 1,512

 961

 1,548

 2,091

 1,307

 3,398

 3,673


Natural gas

(bcf)

 18.8

 18.3

 31.9

 38.7

 23.9

 62.6

 52.1


Total petroleum products

(MMboe)

 6.9

 5.2

 8.6

 10.4

 6.7

 17.1

 17.5











North West Shelf










Crude oil and condensate

(Mboe)

 1,395

 1,355

 1,215

 1,362

 1,423

 2,785

 2,896


NGL

(Mboe)

 273

 268

 198

 227

 235

 462

 566


Natural gas

(bcf)

 33.4

 32.8

 29.9

 33.9

 34.9

 68.8

 70.3


Total petroleum products

(MMboe)

 7.2

 7.1

 6.4

 7.2

 7.5

 14.7

 15.2











Stybarrow (2)










Crude oil and condensate

(Mboe)

 248

 194

 93

 (8)

 -

 (8)

 473


Total petroleum products

(MMboe)

 0.2

 0.2

 0.1

 (0.0)

 -

 (0.0)

 0.5











Pyrenees










Crude oil and condensate

(Mboe)

 1,901

 1,709

 1,435

 2,096

 2,331

 4,427

 4,010


Total petroleum products

(MMboe)

 1.9

 1.7

 1.4

 2.1

 2.3

 4.4

 4.0











Other Australia (3)










Crude oil and condensate

(Mboe)

 11

 11

 13

 13

 9

 22

 28


Natural gas

(bcf)

 13.0

 14.1

 16.0

 16.6

 14.4

 31.0

 29.4


Total petroleum products

(MMboe)

 2.2

 2.4

 2.7

 2.8

 2.4

 5.2

 4.9











Atlantis (4)










Crude oil and condensate

(Mboe)

 3,740

 3,645

 3,110

 3,637

 4,257

 7,894

 7,915


NGL

(Mboe)

 294

 245

 209

 231

 278

 509

 542


Natural gas

(bcf)

 2.3

 1.7

 1.7

 1.6

 2.0

 3.6

 4.0


Total petroleum products

(MMboe)

 4.4

 4.2

 3.6

 4.1

 4.9

 9.0

 9.1











Mad Dog (4)










Crude oil and condensate

(Mboe)

 877

 720

 651

 588

 648

 1,236

 1,267


NGL

(Mboe)

 42

 37

 20

 23

 41

 64

 63


Natural gas

(bcf)

 0.1

 0.1

 0.1

 0.1

 0.1

 0.2

 0.2


Total petroleum products

(MMboe)

 0.9

 0.8

 0.7

 0.6

 0.7

 1.3

 1.4











Shenzi (4)










Crude oil and condensate

(Mboe)

 3,502

 3,283

 3,369

 3,277

 3,185

 6,462

 7,032


NGL

(Mboe)

 260

 235

 174

 236

 269

 505

 531


Natural gas

(bcf)

 0.8

 0.7

 0.7

 0.7

 0.8

 1.5

 1.6


Total petroleum products

(MMboe)

 3.9

 3.6

 3.7

 3.6

 3.6

 7.2

 7.8











Eagle Ford (5)










Crude oil and condensate

(Mboe)

 8,098

 10,837

 9,363

 7,700

 7,156

 14,856

 15,158


NGL

(Mboe)

 3,638

 3,868

 4,183

 3,799

 3,806

 7,605

 7,059


Natural gas

(bcf)

 26.3

 27.7

 26.1

 25.8

 25.4

 51.2

 54.8


Total petroleum products

(MMboe)

 16.1

 19.3

 17.9

 15.8

 15.2

 31.0

 31.4











Permian (5)










Crude oil and condensate

(Mboe)

 807

 856

 1,447

 1,481

 1,354

 2,835

 1,408


NGL

(Mboe)

 358

 287

 420

 473

 488

 961

 720


Natural gas

(bcf)

 2.8

 2.1

 3.0

 3.9

 3.4

 7.3

 5.8


Total petroleum products

(MMboe)

 1.6

 1.5

 2.4

 2.6

 2.4

 5.0

 3.1











Haynesville (5) (6)










Crude oil and condensate

(Mboe)

 4

 -

 -

 -

 1

 1

 20


Natural gas

(bcf)

 43.6

 37.8

 35.4

 36.4

 34.7

 71.1

 89.3


Total petroleum products

(MMboe)

 7.3

 6.3

 5.9

 6.1

 5.8

 11.9

 14.9











Fayetteville (5)










Natural gas

(bcf)

 37.6

 32.3

 31.9

 32.1

 30.9

 63.0

 74.0


Total petroleum products

(MMboe)

 6.3

 5.4

 5.3

 5.4

 5.2

 10.5

 12.3











Trinidad/Tobago










Crude oil and condensate

(Mboe)

 227

 196

 562

 242

 185

 427

 479


Natural gas

(bcf)

 7.8

 7.2

 9.1

 7.6

 7.4

 15.0

 16.6


Total petroleum products

(MMboe)

 1.5

 1.4

 2.1

 1.5

 1.4

 2.9

 3.2











Other Americas (4) (7)










Crude oil and condensate

(Mboe)

 500

 348

 348

 361

 360

 721

 849


NGL

(Mboe)

 25

 14

 11

 12

 16

 28

 63


Natural gas

(bcf)

 0.2

 0.2

 0.1

 0.2

 0.2

 0.4

 0.4


Total petroleum products

(MMboe)

 0.6

 0.4

 0.4

 0.4

 0.4

 0.8

 1.0











UK










Crude oil and condensate

(Mboe)

 77

 64

 76

 59

 74

 133

 111


NGL

(Mboe)

 7

 7

 83

 (4)

 27

 23

 11


Natural gas

(bcf)

 1.4

 1.1

 1.0

 1.0

 1.0

 2.0

 2.1


Total petroleum products

(MMboe)

 0.3

 0.3

 0.3

 0.2

 0.3

 0.5

 0.5











Algeria










Crude oil and condensate

(Mboe)

 1,050

 975

 912

 916

 922

 1,838

 2,061


Total petroleum products

(MMboe)

 1.1

 1.0

 0.9

 0.9

 0.9

 1.8

 2.1











Pakistan










Crude oil and condensate

(Mboe)

 33

 27

 25

 23

 19

 42

 71


Natural gas

(bcf)

 6.3

 5.4

 4.9

 4.2

 3.7

 7.9

 12.7


Total petroleum products

(MMboe)

 1.1

 0.9

 0.8

 0.7

 0.6

 1.4

 2.2











Total petroleum products










Crude oil and condensate










Onshore US

(Mboe)

 8,909

 11,693

 10,810

 9,181

 8,511

 17,692

 16,586


Conventional

(Mboe)

 15,845

 13,683

 13,516

 14,443

 14,803

 29,246

 32,294


Total

(Mboe)

 24,754

 25,376

 24,326

 23,624

 23,314

 46,938

 48,880












NGL










Onshore US

(Mboe)

 3,996

 4,155

 4,603

 4,272

 4,294

 8,566

 7,779


Conventional

(Mboe)

 2,413

 1,767

 2,243

 2,816

 2,173

 4,989

 5,449


Total

(Mboe)

 6,409

 5,922

 6,846

 7,088

 6,467

 13,555

 13,228












Natural Gas










Onshore US

(bcf)

 110.3

 99.9

 96.4

 98.2

 94.4

 192.6

 223.9


Conventional

(bcf)

 84.1

 81.6

 95.4

 104.6

 88.4

 193.0

 189.4


Total

(bcf)

 194.4

 181.5

 191.8

 202.8

 182.8

 385.6

 413.3











 

(1) Total boe conversions are based on 6 bcf of natural gas equals 1 MMboe. Negative production figures represent finalisation adjustments.

(2) Stybarrow ceased production on 26 June 2015.

(3) Other Australia includes Minerva and Macedon.

(4) Gulf of Mexico volumes are net of royalties.

(5) Onshore US volumes are net of mineral holder royalties.

(6) Haynesville includes North Louisiana Conventional.

(7) Other Americas includes Neptune, Genesis and Overriding Royalty Interest.

 

Copper









Metals production is payable metal unless otherwise stated.

 

Escondida, Chile (1)










Material mined

(kt)

 103,750

 91,139

 96,337

 110,067

 109,200

219,267

197,224


Sulphide ore milled

(kt)

 18,354

 21,382

 22,909

 22,820

 18,076

 40,896

 39,005


Average copper grade

(%)

1.45%

1.49%

1.32%

1.00%

0.99%

1.00%

1.32%


Production ex mill

(kt)

 215.5

 266.3

 249.6

 169.7

 142.8

 312.5

 421.0


 

Production


  

  

  

  

  




Payable copper

(kt)

 208.8

 260.9

 247.0

 159.6

 131.7

 291.3

 408.2


Copper cathode (EW)

(kt)

 75.0

 77.3

 88.8

 70.9

 89.3

 160.2

 144.3


Payable gold concentrate

(troy oz)

 12,710

 21,265

 25,554

 23,805

 17,889

 41,694

 34,690


Payable silver concentrate

(troy koz)

 

958

 

1,355

 

1,314

 

1,181

 

 962

 

2,143

 

 2,117


 

Sales










Payable copper

(kt)

 203.2

 269.6

 243.0

 157.6

 123.8

 281.4

 406.5


Copper cathode (EW)

(kt)

 79.8

 64.9

 101.4

 63.8

 101.1

 164.9

 143.9


Payable gold concentrate

(troy oz)

12,710

21,265

25,554

23,805

17,889

41,694

34,690


Payable silver concentrate

(troy koz)

958

1,355

1,314

1,181

962

2,143

2,118

 

 

 

(1) Shown on a 100% basis. BHP Billiton interest in saleable production is 57.5%.

 

Pampa Norte, Chile










Cerro Colorado










Material mined

(kt)

 16,124

 15,030

 14,211

 13,870

 14,930

 28,800

 31,641


Ore milled

(kt)

 4,446

 4,501

 4,798

 4,703

 4,856

 9,559

 8,635


Average copper grade

(%)

0.70%

0.68%

0.70%

0.64%

0.82%

0.73%

0.73%


 

Production










Copper cathode (EW)

(kt)

 20.6

 21.5

 20.4

 13.7

 18.8

 32.5

 36.3


 

Sales










Copper cathode (EW)

(kt)

 21.0

 22.0

 20.8

 13.0

 19.7

 32.7

 41.0


 

Spence










Material mined

(kt)

 23,422

 21,429

 21,062

 22,922

 21,593

 44,515

 47,660


Ore milled

(kt)

 4,560

 3,783

 4,082

 4,919

 5,146

 10,065

 8,969


Average copper grade

(%)

1.20%

1.06%

1.24%

1.41%

1.30%

1.35%

1.26%


 

Production










Copper cathode (EW)

(kt)

 49.0

 45.0

 37.3

 43.1

 50.2

 93.3

 89.1


 

Sales










Copper cathode (EW)

(kt)

 51.8

 45.0

 40.6

 38.2

 56.1

 94.3

 88.7

 

Antamina, Peru










Material mined (100%)

(kt)

 

43,793

 

49,787

 

 56,944

 

56,793

 

52,130

 108,923

 

 98,468


Sulphide ore milled (100%)

(kt)

 

13,594

 

12,880

 

14,831

 

14,300

 

14,184

 

28,484

 

25,964


Average head grades


  

  

  

  

  




 - Copper

(%)

0.74%

0.79%

0.74%

0.88%

0.92%

0.90%

0.77%


 - Zinc

(%)

0.66%

0.69%

0.56%

0.79%

0.55%

0.67%

0.75%


 

Production










Payable copper

(kt)

 27.3

 26.7

 28.0

 35.1

 37.2

 72.3

 53.0


Payable zinc

(t)

 16,271

 13,571

 15,857

 20,597

 16,454

 37,051

 37,007


Payable silver

(troy koz)

 885

 872

 1,115

 1,766

 1,636

 3,402

 1,839


Payable lead

(t)

 486

 493

 448

 857

 1,024

 1,881

 1,119


Payable molybdenum

(t)

 75

 151

 206

 92

 232

 324

 115


 

Sales










Payable copper

(kt)

 29.8

 26.5

 26.3

 30.8

 42.9

 73.7

 56.1


Payable zinc

(t)

 21,459

 15,545

 13,645

 18,747

 20,423

 39,170

 34,371


Payable silver

(troy koz)

 1,026

 915

 911

 1,522

 2,048

 3,570

 1,922


Payable lead

(t)

 711

 461

 624

 266

 1,056

 1,322

 1,031


Payable molybdenum

(t)

 90

 163

 157

 156

 138

 294

 140

 

Olympic Dam, Australia










Material mined (1)

(kt)

 2,667

 2,186

 1,773

 2,357

 2,372

 4,729

 5,359


Ore milled

(kt)

 2,776

 1,477

 1,469

 2,727

 2,767

 5,494

 4,982


Average copper grade

(%)

1.70%

1.88%

1.97%

1.64%

2.22%

1.93%

1.82%


Average uranium grade

(kg/t)

 0.52

 0.56

 0.62

 0.60

 0.62

 0.61

0.56


 

Production










Copper cathode (ER and EW)

(kt)

 

 43.0

 

28.6

 

13.7

 

 54.9

 

57.4

 

112.3

 

 82.2


Uranium oxide concentrate

(t)

 1,076

 607

 595

 1,161

 1,386

 2,547

 1,942


Refined gold

(troy oz)

 38,537

 26,441

 9,438

 29,349

 39,299

 68,648

 68,901


Refined silver

(troy koz)

 243

 172

 55

 246

 265

 511

 497


 

Sales










Copper cathode (ER and EW)

(kt)

 

43.0

 

 30.7

 

14.5

 

 52.5

 

 57.3

 

109.8

 

 82.1


Uranium oxide concentrate

(t)

 

 1,125

 

 877

 

 818

 

 677

 

 1,013

 

 1,690

 

 1,973


Refined gold

(troy oz)

 34,938

 31,938

 9,064

 25,598

 39,168

 64,766

 65,645


Refined silver

(troy koz)

 238

 206

 61

 213

 265

 478

 465


 

(1) Material mined refers to run of mine ore mined and hoisted.

 

Iron Ore









Iron Ore production and sales are reported on a wet tonnes basis.










Pilbara, Australia










Production










Newman

(kt)

 16,012

 14,916

 16,062

 18,006

 17,003

 35,009

 32,719


Area C Joint Venture

(kt)

 11,314

 13,201

 12,214

 12,163

 11,723

 23,886

 24,579


Yandi Joint Venture

(kt)

 17,694

 16,798

 17,452

 16,886

 15,960

 32,846

 34,301


Jimblebar (1)

(kt)

 2,813

 4,513

 5,462

 3,262

 4,852

 8,114

 6,784


Wheelarra

(kt)

 4,755

 5,965

 5,159

 7,259

 5,757

 13,016

 7,870


Total production

(kt)

 52,588

 55,393

 56,349

 57,576

 55,295

 112,871

 106,253


Total production (100%)

(kt)

 61,371

 64,372

 65,330

 67,161

 64,197

 131,358

 123,807


 

Sales










Lump

(kt)

 12,661

 12,617

 13,234

 14,003

 13,886

 27,889

 25,427


Fines

(kt)

 41,185

 42,635

 43,430

 43,587

 40,917

 84,504

 82,818


Total

(kt)

 53,846

 55,252

 56,664

 57,590

 54,803

 112,393

 108,245


Total sales (100%)

(kt)

 62,848

 64,201

 65,703

 67,177

 63,625

 130,802

 126,151


 

(1) Shown on a 100% basis. BHP Billiton interest in saleable production is 85%.

 

Samarco, Brazil










Production

(kt)

 3,764

 3,586

 3,737

 3,739

 1,665

 5,404

 7,190


Sales

(kt)

 4,151

 2,876

 3,627

 3,531

 2,425

 5,956

 7,454

 

Coal









Coal production is reported on the basis of saleable product.


Queensland Coal










Production (1)










BMA










Blackwater

(kt)

 1,775

 1,569

 1,873

 1,803

 1,861

 3,664

 3,552


Goonyella

(kt)

 2,350

 1,951

 2,065

 1,868

 1,941

 3,809

 4,494


Peak Downs

(kt)

 1,235

 1,263

 1,469

 1,164

 1,323

 2,487

 2,379


Saraji

(kt)

 1,257

 1,033

 1,194

 1,037

 1,000

 2,037

 2,279


Gregory Joint Venture

(kt)

 994

 607

 885

 707

 609

 1,316

 1,802


Daunia

(kt)

 617

 489

 649

 698

 616

 1,314

 1,245


Caval Ridge

(kt)

 781

 690

 888

 810

 857

 1,667

 1,486


Total BMA

(kt)

 9,009

 7,602

 9,023

 8,087

 8,207

 16,294

 17,237


 

BHP Billiton Mitsui Coal (2)










South Walker Creek

(kt)

 1,236

 1,282

 1,384

 1,511

 1,275

 2,786

 2,627


Poitrel

(kt)

 892

 775

 986

 836

 916

 1,752

 1,705


Total BHP Billiton Mitsui Coal

(kt)

 2,128

 2,057

 2,370

 2,347

 2,191

 4,538

 4,332


Total Queensland Coal

(kt)

 11,137

 9,659

 11,393

 10,434

 10,398

 20,832

 21,569


 

Sales










Coking coal

(kt)

 8,379

 7,118

 7,616

 7,015

 7,642

 14,657

 15,685


Weak coking coal

(kt)

 2,670

 2,720

 2,850

 3,246

 2,695

 5,941

 5,529


Thermal coal

(kt)

 171

 182

 375

 86

 290

 376

 214


Total

(kt)

 11,220

 10,020

 10,841

 10,347

 10,627

 20,974

 21,428

 

(1) Production figures include some thermal coal.

(2) Shown on a 100% basis. BHP Billiton interest in saleable production is 80%.

 

 

Haju, Indonesia (1)










Production

(kt)

 -

 -

 -

15

 87

 102

 -  

 

(1) Shown on 100% basis. BHP Billiton interest in saleable production is 75%.

 

New Mexico, USA










Production










Navajo Coal (1)

(kt)

 1,064

 1,156

 1,395

 1,270

 1,403

 2,673

 2,307


San Juan Coal

(kt)

 1,448

 1,091

 1,179

 1,406

 1,229

 2,635

 2,895


Total

(kt)

 2,512

 2,247

 2,574

 2,676

 2,632

 5,308

 5,202


 

Sales thermal coal - local utility


 

 

 2,592

 

 

 2,177

 

 

 2,539

 

 

 2,671

 

 

 2,661

 

 

 5,332

 

 

 5,315


 

(1) BHP Billiton completed the sale of Navajo Mine on 30 December 2013. As BHP Billiton will retain control of the mine until full consideration is received, production will continue to be reported by the Group.

 

NSW Energy Coal, Australia










Production

(kt)

 4,608

 5,252

 5,086

 4,644

 4,277

 8,921

 9,360


 

Sales










Export thermal coal

(kt)

 4,625

 4,897

 4,550

 4,130

 5,081

 9,211

 9,412


Inland thermal coal

(kt)

 228

 337

 286

 253

 229

 482

 599


Total

(kt)

 4,853

 5,234

 4,836

 4,383

 5,310

 9,693

 10,011

 

Cerrejon, Colombia










Production

(kt)

 3,003

 2,975

 2,944

 2,527

 2,628

 5,155

 5,372


 

Sales thermal coal - export

 

(kt)

 

 

 2,732

 

 

 3,005

 

 

 2,766

 

 

 2,853

 

 

2,565

 

 

 5,418

 

 

 5,809


Other









Nickel production is reported on the basis of saleable product.

 

Nickel West, Australia










Production










Nickel contained in concentrate

(kt)

 

 1.7

 

 1.9

 

 1.5

 

 0.7

 

 0.2

 

 0.9

 

 3.9


Nickel contained in finished matte

(kt)

 

 5.5

 

 6.1

 

 3.9

 

 5.0

 

 2.6

 

 7.6

 

 14.6


Nickel metal

(kt)

 16.5

 13.9

 13.9

 16.4

 12.4

 28.8

 30.2


Total nickel production

(kt)

 23.7

 21.9

 19.3

 22.1

 15.2

 37.3

 48.7


 

Sales










Nickel contained in concentrate

(kt)

 1.6

 2.0

 1.6

 0.7

 0.2

 0.9

 3.7


Nickel contained in finished matte

(kt)

 7.4

 6.4

 4.4

 4.2

 3.7

 7.9

 14.0


Nickel metal

(kt)

 17.5

 13.5

 15.7

 15.6

 12.1

 27.7

 29.4


Total nickel sales

(kt)

 26.5

 21.9

 21.7

 20.5

 16.0

 36.5

 47.1

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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