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BIL - BHP Billiton Plc - BHP Billiton Approves Samarco Expansion

Release Date: 29/04/2011 17:51
Code(s): BIL
Wrap Text

BIL - BHP Billiton Plc - BHP Billiton Approves Samarco Expansion BHP Billiton Plc Share code: BIL ISIN: GB0000566504 BHP BILLITON APPROVES SAMARCO EXPANSION BHP Billiton today announced that the partners of Samarco had approved the US$3.5 billion (BHP Billiton share US$1.75 billion) Fourth Pellet Plant Project at Samarco (Brazil). The expansion will increase Samarco iron ore pellet production capacity by 8.3 million tonnes to 30.5 million tonnes per annum (100% basis). First pellet production is expected in the first half of calendar year 2014. The investment includes: - additional mining capacity and a third concentrator at the Germano mine; - a third slurry pipeline of approximately 400 kilometres in length; and - a fourth pellet plant and enhanced ship loading capacity at the Ponta Ubu site. BHP Billiton President Iron Ore, Ian Ashby, said "Samarco is a low cost supplier of high quality iron ore pellets and over the last several years has been very successful in growing its resource base. This investment builds on its resource and operational strengths and will further improve Samarco`s competitiveness and market position." Further information on BHP Billiton can be found on our Internet site: www.bhpbilliton.com Australia United Kingdom & South Africa Brendan Harris, Investor Andre Liebenberg, Investor Relations Relations Tel: +61 3 9609 4323 Tel: +44 20 7802 4131 Mobile: +61 437 134 814 Mobile: +44 7920 236 974 email: email: Brendan.Harris@bhpbilliton.com Andre.Liebenberg@bhpbilliton.com Samantha Stevens, Media Relations United Kingdom & Americas Tel: +61 3 9609 2898 Ruban Yogarajah, Media Relations Mobile: +61 400 693 915 Tel: US +1 713 966 2907 email: Samantha.Stevens@bhpbilliton.comor UK +44 20 7802 4033 Mobile: UK +44 7827 082 022 Amanda Buckley, Media Relations email: Ruban.Yogarajah@bhpbilliton.com Tel: +61 3 9609 2209 Mobile: +61 419 801 349 Americas email: Amanda.Buckley@bhpbilliton.comScott Espenshade, Investor Relations Tel: +1 713 599 6431 Kelly Quirke, Media Relations Mobile: +1 713 208 8565 Tel: +61 3 9609 2896 email: Scott.Espenshade@bhpbilliton.com Mobile: +61 429 966 312 email: Kelly.Quirke@bhpbilliton.com Fiona Martin, Media Relations Tel: +61 3 9609 2211 Mobile: +61 427 777 908 email: Fiona.Martin2@bhpbilliton.com BHP Billiton Limited ABN 49 004 BHP Billiton Plc Registration number 028 077 3196209 Registered in Australia Registered in England and Wales Registered Office: 180 Lonsdale Registered Office: Neathouse Place Street London SW1V 1BH United Kingdom Melbourne Victoria 3000 Tel +44 20 7802 4000 Fax +44 20 7802 Australia 4111 Tel +61 1300 55 4757 Fax +61 3 9609 3015 Members of the BHP Billiton group which is headquartered in Australia BHP Billiton has a 50% interest in Samarco, with the remaining 50% held by Vale. Date: 29/04/2011 17:51:39 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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