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BIL - BHP Billiton Plc - BHP Billiton production report for the quarter ended

Release Date: 18/01/2012 07:05
Code(s): BIL
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BIL - BHP Billiton Plc - BHP Billiton production report for the quarter ended 31 December 2011 BHP Billiton Plc Share code: BIL ISIN: GB0000566504 NEWS RELEASE 18 January 2012 01/12 BHP BILLITON PRODUCTION REPORT FOR THE QUARTER ENDED 31 DECEMBER 2011 * Western Australia Iron Ore production rose to a record annualised rate of 178 million tonnes per annum (100% basis) in the December 2011 quarter, a 25% increase over the previous corresponding period. * A strong recovery in production across the Base Metals portfolio delivered a 27% increase in copper volumes from the September 2011 quarter. * Half yearly production records were achieved at New South Wales Energy Coal (Australia) and Cerrejon Coal (Colombia), two of BHP Billiton`s high value, export oriented energy coal operations. * Petroleum production increased 36% from the December 2010 half year following the acquisition of the Fayetteville and Petrohawk Onshore US businesses and strong uptime performance from existing, operated assets. Petroleum DEC 2011 DEC 2011 DEC H11 vs DEC Q11 vs DEC Q11 HALF QTR DEC H10 DEC Q10 vs SEP Q11
Crude oil, condensate and 44,066 22,228 -10% -5% 2% natural gas liquids (`000 boe) Natural gas (bcf) 391.84 214.49 108% 160% 21% Total petroleum products 109.38 57.98 36% 56% 13% (million boe) Total petroleum production - Petroleum production increased 36 per cent from the December 2010 half year following the acquisition of the Fayetteville and Petrohawk Onshore US businesses and strong uptime performance from existing, operated assets. Crude oil, condensate and natural gas liquids - Liquids volumes increased marginally from the September 2011 quarter as production from the Onshore US portfolio, development drilling at Shenzi and high uptime at Atlantis (all USA) offset anticipated field decline. The contribution from the Onshore US portfolio resulted in an eight per cent increase in natural gas liquids production in the December 2011 half year, although anticipated field decline and the temporary shut down of the non- operated Mad Dog facility (USA) resulted in lower overall liquids production relative to the prior corresponding period. Mad Dog is forecast by the operator to remain shut down until the June 2012 quarter. Natural gas - Natural gas production was higher than all comparable periods reflecting strong performance from the Onshore US and Angostura (Trinidad and Tobago) businesses. Gas production in eastern Australia was down against the September 2011 quarter due to lower seasonal demand. Aluminium DEC 2011 DEC 2011 DEC H11 vs DEC Q11 vs DEC Q11 vs HALF QTR DEC H10 DEC Q10 SEP Q11 Alumina (`000 2,061 1,001 2% -2% -6% tonnes) Aluminium (`000 628 313 0% 0% -1% tonnes) Alumina - Sales volumes increased when compared with all corresponding periods as the Alumar refinery (Brazil) continued to deliver into expanded capacity. While a planned calciner outage at Worsley (Australia) constrained production during the December 2011 quarter, volumes are expected to recover as the refinery processes stockpiled hydrate in future periods. Aluminium - Production was in line with comparable periods with all operations running at, or close to, maximum technical capacity. Despite our competitive position on the cost curve, our integrated Aluminium business continues to be challenged by underlying cost pressure and weaker prices. Base Metals DEC 2011 DEC 2011 DEC H11 vs DEC Q11 vs DEC Q11 vs HALF QTR DEC H10 DEC Q10 SEP Q11
Copper (`000 tonnes) 500.6 280.3 -16% -7% 27% Lead (tonnes) 122,651 66,992 -9% 3% 20% Zinc (tonnes) 51,742 28,298 -33% -23% 21% Silver (`000 ounces) 20,054 10,903 -15% -6% 19% Uranium oxide concentrate 1,909 909 -3% -5% -9% (Uranium) (tonnes) Copper - A strong recovery in production across the Base Metals portfolio delivered a 27% increase in copper volumes from the September 2011 quarter. Escondida (Chile) average mill throughput per day steadily increased as operations recovered from the industrial action that affected production in the prior quarter. In addition, Olympic Dam (Australia) benefited from higher grades and improved smelter availability following the planned outage in the September 2011 quarter. The expansion of mining fleets at Antamina (Peru) and Pampa Norte (Chile) contributed to half yearly material mined records for both assets. Consistent with prior guidance, Escondida production is forecast to be marginally lower in the 2012 financial year, with volumes weighted to the second half. Production is expected to improve beyond the 2012 financial year as mining activities progress towards higher grade ore with completion of the Escondida Ore Access project in the main pit. At 31 December 2011, the Group had 219,718 tonnes of outstanding copper sales that were revalued at a weighted average price of US$3.45 per pound. The final price of these sales will be determined over the remainder of the 2012 financial year. In addition, 239,156 tonnes of copper sales from the 2011 financial year were subject to a finalisation adjustment in the current period. The finalisation adjustment and provisional pricing impact as at 31 December 2011 will decrease earnings before interest and tax by US$258 million for the period. Lead/silver - Production at Cannington (Australia) decreased in the December 2011 half year reflecting lower average ore grades. Zinc - Production at Antamina decreased in the December 2011 half year as mining continued to progress through a copper rich ore zone. Uranium - Production was broadly in line with all comparable periods. Diamonds & Specialty Products DEC 2011 DEC 2011 DEC H11 vs DEC Q11 vs DEC Q11 vs HALF QTR DEC H10 DEC Q10 SEP Q11
Diamonds (`000 938 481 -32% -29% 5% carats) Diamonds - As anticipated, production in the December 2011 half year was lower than the prior corresponding period. EKATI (Canada) production is expected to remain constrained in the medium term as the operations extract lower grade material, consistent with the mine plan. During the quarter, BHP Billiton announced a review of its diamonds business, including the Group`s interests in the EKATI Diamond Mine. The process is ongoing and could continue through the first half of the 2012 calendar year. Stainless Steel Materials DEC 2011 DEC 2011 DEC H11 vs DEC Q11 vs DEC Q11 vs HALF QTR DEC H10 DEC Q10 SEP Q11
Nickel (`000 73.5 38.4 -10% -11% 9% tonnes) Nickel - Production increased in the December 2011 quarter with the Line 1 furnace at Cerro Matoso (Colombia) operating at full production rates following its successful replacement in the prior quarter. In addition, higher nickel in matte production at the Nickel West Kalgoorlie smelter (Australia) compensated for a decline in metal production at the Nickel West Kwinana refinery that resulted from a planned outage at a third party hydrogen supplier. Nickel West Kwinana is expected to commission its new hydrogen plant in the March 2012 quarter. The Nickel West Mt Keith Talc Redesign Project, which enables the processing of talc bearing ore, was successfully commissioned in December 2011. Nickel West operating margins remain sensitive to persistent weakness in nickel prices and the continued strength of the Australian dollar. Iron Ore DEC 2011 DEC 2011 DEC H11 vs DEC Q11 vs DEC Q11 vs
HALF QTR DEC H10 DEC Q10 SEP Q11 Iron ore (`000 80,644 41,072 23% 22% 4% tonnes) Iron ore - Western Australia Iron Ore (WAIO) delivered another quarterly record as production rose to an annualised rate of 178 million tonnes per annum (100% basis). Consistently strong operating performance, the ramp up of Ore Handling Plant 3 at Yandi, dual tracking of the company`s rail infrastructure and additional ship loading capacity at Port Hedland all contributed to the record performance. While scheduled maintenance, tie-in activities and the wet season in the Pilbara are expected to affect WAIO production in the second half of the 2012 financial year, full year production is now forecast to marginally exceed prior guidance of 159 million tonnes per annum (100% basis). Production at Samarco (Brazil) was in line with comparable periods with all three pellet plants continuing to run at full capacity. Manganese DEC 2011 DEC 2011 DEC H11 vs DEC Q11 vs DEC Q11 vs HALF QTR DEC H10 DEC Q10 SEP Q11 Manganese ore (`000 3,825 1,806 -3% -1% -11% tonnes) Manganese alloy 389 195 -1% 2% 1% (`000 tonnes) Manganese ore - Production was lower than the September 2011 quarter as planned maintenance at Hotazel (South Africa) and a weather related reduction in plant availability at GEMCO (Australia) constrained performance. Manganese alloy - Alloy production was in line with comparable periods. Metallurgical Coal DEC 2011 DEC 2011 DEC H11 vs DEC Q11 vs DEC Q11 vs
HALF QTR DEC H10 DEC Q10 SEP Q11 Metallurgical coal 17,784 8,493 -2% 9% -9% (`000 tonnes) Metallurgical coal - Queensland Coal (Australia) volumes for the December 2011 quarter remained below capacity as a result of stoppages associated with the ongoing labour negotiations and the remnant effects of wet weather. In addition, geotechnical issues at the Gregory Crinum longwall adversely affected production in the period. While system capability is no longer constrained by the 2011 floods, the extent to which industrial action will continue to impact production, sales and unit costs is difficult to predict. Illawarra Coal (Australia) production increased in the December 2011 half year following successful longwall moves at Dendrobium and Appin in the June 2011 quarter. Volumes were lower than the September 2011 quarter as a planned shutdown of the West Cliff Coal Handling Preparation Plant was undertaken in readiness for commissioning of a plant upgrade. A longwall move and plant shutdown at Dendrobium is scheduled for the March 2012 quarter. Energy Coal DEC 2011 DEC 2011 DEC H11 vs DEC Q11 vs DEC Q11 vs HALF QTR DEC H10 DEC Q10 SEP Q11 Energy coal (`000 35,379 16,919 5% 2% -8% tonnes) Energy coal - Half yearly production records were achieved at New South Wales Energy Coal and Cerrejon Coal, two of BHP Billiton`s high value, export oriented energy coal operations. However, unfavourable mining conditions and an industrial dispute at South Africa Coal, together with the suspension of operations at San Juan Coal (USA), resulted in lower production relative to the September 2011 quarter. Throughout this report, unless otherwise stated, production volumes refer to BHP Billiton`s share and exclude suspended and sold operations. **** Further information on BHP Billiton can be found at: www.bhpbilliton.com Sponsor: Absa Capital (the investment banking division of Absa Bank Limited, affiliated with Barclays Capital) Media Relations Australia Samantha Stevens Tel: +61 3 9609 2898 Mobile: +61 400 693 915 email: Samantha.Stevens@bhpbilliton.com Kelly Quirke Tel: +61 3 9609 2896 Mobile: +61 429 966 312 email: Kelly.Quirke@bhpbilliton.com Fiona Martin Tel: +61 3 9609 2211 Mobile: +61 427 777 908 email: Fiona.Martin2@bhpbilliton.com United Kingdom and Americas Ruban Yogarajah Tel: US +1 713 966 2907 or UK +44 20 7802 4033 Mobile: UK +44 7827 082 022 email: Ruban.Yogarajah@bhpbilliton.com Investor Relations Australia James Agar Tel: +61 3 9609 2222 Mobile: +61 467 807 064 email: James.Agar@bhpbilliton.com Andrew Gunn Tel: +61 3 9609 3575 Mobile: +61 439 558 454 email: Andrew.Gunn@bhpbilliton.com United Kingdom and South Africa Brendan Harris Tel: +44 20 7802 4131 Mobile: +44 7990 527 726 email: Brendan.Harris@bhpbilliton.com Tara Dines Tel : +44 20 7802 7113 Mobile : +44 7825 342 232 Email : Tara.Dines@bhpbilliton.com Americas Scott Espenshade Tel: +1 713 599 6431 Mobile: +1 713 208 8565 email: Scott.Espenshade@bhpbilliton.com BHP Billiton Limited ABN 49 004 028 077 Registered in Australia Registered Office: 180 Lonsdale 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 1BH United Kingdom Tel +44 20 7802 4000 Fax +44 20 7802 4111 Members of the BHP Billiton Group which is headquartered in Australia BHP BILLITON PRODUCTION SUMMARY - CONTINUING OPERATIONS QUARTER ENDED YEAR TO DATE % CHANGE DEC DEC DEC YTD11 Q11 Q11
DEC SEP DEC DEC DEC vs vs vs 2010 2011 2011 2011 2010 DEC DEC SEP YTD10 Q10 Q11 PETROLEUM Crude oil & (`000 -13% -9% 2% condensate bbl) 20,652 18,482 18,866 37,348 42,739 Natural gas (bcf) 108% 160% 21% 82.54 177.35 214.49 391.84 188.37
Natural gas (`000 8% 18% 0% liquids boe) 2,842 3,356 3,362 6,718 6,205 Total (million 36% 56% 13% petroleum boe) 37.25 51.40 57.98 109.38 80.34 products ALUMINIUM Alumina (`000 2% -2% -6% tonnes) 1,025 1,060 1,001 2,061 2,025
Aluminium (`000 0% 0% -1% tonnes) 314 315 313 628 628 BASE METALS Copper (`000 -16% -7% 27% tonnes) 302.3 220.3 280.3 500.6 593.5 Lead (tonnes) -9% 3% 20% 64,925 55,659 66,992 122,651 134,066 Zinc (tonnes) -33% -23% 21% 36,945 23,444 28,298 51,742 77,142 Gold (ounces) -17% -15% 12% 51,626 39,439 44,007 83,446 100,987 Silver (`000 -15% -6% 19% ounces) 11,571 9,151 10,903 20,054 23,723 Uranium oxide (tonnes) -3% -5% -9% concentrate 957 1,000 909 1,909 1,967 Molybdenum (tonnes) 96% 58% 29% 485 595 766 1,361 693 DIAMONDS AND SPECIALTY PRODUCTS Diamonds (`000 -32% -29% 5% carats) 676 457 481 938 1,379 STAINLESS STEEL MATERIALS Nickel (`000 -10% -11% 9% tonnes) 43.0 35.1 38.4 73.5 81.5 IRON ORE Iron ore (`000 23% 22% 4% tonnes) 33,666 39,572 41,072 80,644 65,649 MANGANESE Manganese ore (`000 -3% -1% - tonnes) 1,829 2,019 1,806 3,825 3,951 11%
Manganese (`000 -1% 2% 1% alloy tonnes) 192 194 195 389 391 METALLURGICAL COAL Metallurgical (`000 -2% 9% -9% coal tonnes) 7,787 9,291 8,493 17,784 18,086 ENERGY COAL Energy coal (`000 5% 2% -8% tonnes) 16,513 18,460 16,919 35,379 33,619 Throughout this report figures in italics indicate that this figure has been adjusted since it was previously reported. BHP BILLITON ATTRIBUTABLE PRODUCTION QUARTER ENDED YEAR TO DATE BHP DEC MAR JUN SEP DEC DEC DEC Billiton
Interest 2010 2011 2011 2011 2011 2011 2010 PETROLEUM Production Crude oil & condensate 20,652 19,200 18,652 18,482 18,866 37,348 42,739 (`000 bbl) Natural gas (bcf) 82.54 84.90 131.79 177.35 214.49 391.84 188.37 NGL (`000 boe) (a) 2,842 2,442 2,636 3,356 3,362 6,718 6,205 Total petroleum products (million 37.25 35.79 43.25 51.40 57.98 109.38 80.34 boe) ALUMINIUM ALUMINA Production (`000 tonnes) Worsley 86% 758 663 725 752 694 1,446 1,514 Alumar 36% 267 296 301 308 307 615 511 Total 1,025 959 1,026 1,060 1,001 2,061 2,025 ALUMINIUM Production (`000 tonnes) Hillside 100% 179 173 179 180 180 360 359
Bayside 100% 25 24 24 25 24 49 49 Alumar 40% 43 44 43 44 42 86 87
Mozal 47% 67 64 67 66 67 133 133 Total 314 305 313 315 313 628 628
BASE METALS (b) COPPER Payable metal in concentrate (`000 tonnes) Escondida 57.5% 112.7 87.7 79.4 49.9 80.4 130.3 223.4
Antamina 33.8% 27.2 24.9 22.5 30.3 30.9 61.2 50.4 Total 139.9 112.6 101.9 80.2 111.3 191.5 273.8
Cathode (`000 tonnes) Escondida 57.5% 47.1 44.4 42.6 32.9 43.0 75.9 92.1
Pampa Norte 100% (c) 66.0 64.1 75.7 65.4 70.0 135.4 132.4 Pinto 100% Valley 1.5 1.4 1.4 1.4 1.4 2.8 2.9 Olympic Dam 100% 47.8 51.1 50.7 40.4 54.6 95.0 92.3 Total 162.4 161.0 170.4 140.1 169.0 309.1 319.7
LEAD Payable metal in concentrate (tonnes) Cannington 100% 64,748 51,673 58,414 55,557 66,787 122,344 133,277 Antamina 33.8% 177 237 164 102 205 307 789 Total 64,925 51,910 58,578 55,659 66,992 122,651 134,066 ZINC Payable metal in concentrate (tonnes) Cannington 100% 14,920 16,129 14,348 14,488 14,745 29,233 30,180 Antamina 33.8% 22,025 24,123 20,385 8,956 13,553 22,509 46,962 Total 36,945 40,252 34,733 23,444 28,298 51,742 77,142 Refer footnotes on page 4. BASE METALS (continued) GOLD Payable metal in concentrate (ounces) Escondida 57.5% 23,133 19,667 17,116 11,063 14,242 25,305 47,940
Olympic Dam 100% (refined 28,493 29,892 28,429 28,376 29,765 58,141 53,047 gold) Total 51,626 49,559 45,545 39,439 44,007 83,446 100,987 SILVER Payable metal in concentrate (`000 ounces) Escondida 57.5% 796 670 580 403 549 952 1,599 Antamina 33.8% 1,025 813 773 972 1,087 2,059 2,014 Cannington 100% 9,509 7,315 8,242 7,559 9,056 16,615 19,668 Olympic Dam 100% (refined 241 258 282 217 211 428 442 silver) Total 11,571 9,056 9,877 9,151 10,903 20,054 23,723
URANIUM OXIDE CONCENTRATE Payable metal in concentrate (tonnes) Olympic Dam 100% 957 1,063 1,015 1,000 909 1,909 1,967 Total 957 1,063 1,015 1,000 909 1,909 1,967 MOLYBDENUM Payable metal in concentrate (tonnes) Antamina 33.8% 485 334 418 595 766 1,361 693 Total 485 334 418 595 766 1,361 693 DIAMONDS AND SPECIALTY PRODUCTS DIAMONDS Production (`000 carats) EKATI (TM) 80% 676 551 576 457 481 938 1,379
STAINLESS STEEL MATERIALS NICKEL Production (`000 tonnes) CMSA 99.9% 12.4 7.8 7.4 10.4 12.3 22.7 24.8
Nickel West 100% 30.6 25.2 30.8 24.7 26.1 50.8 56.7 Total 43.0 33.0 38.2 35.1 38.4 73.5 81.5
Refer footnotes on page 4. IRON ORE Production (`000 tonnes) (d) Newman (e) 85% 11,213 11,912 12,480 13,158 13,247 26,405 20,853 Goldsworthy 85% Joint 225 305 284 254 334 588 609 Venture Area C 85% Joint 10,154 9,510 10,044 10,479 10,437 20,916 20,240 Venture Yandi Joint 85% Venture 9,078 8,799 9,796 12,708 14,170 26,878 17,865 Samarco 50% 2,996 2,705 2,922 2,973 2,884 5,857 6,082 Total 33,666 33,231 35,526 39,572 41,072 80,644 65,649 MANGANESE MANGANESE ORES Saleable production (`000 tonnes) South 60% Africa (f) 779 514 776 911 808 1,719 1,717 Australia 60% (f) 1,050 838 1,014 1,108 998 2,106 2,234 Total 1,829 1,352 1,790 2,019 1,806 3,825 3,951 MANGANESE ALLOYS Saleable production (`000 tonnes) South 60% Africa (f) 123 111 120 124 124 248 255 (g) Australia 60% (f) 69 61 70 70 71 141 136 Total 192 172 190 194 195 389 391 METALLURGICAL COAL Production (`000 tonnes) (h) BMA 50% 4,534 3,955 4,874 5,274 5,006 10,280 11,072 BHP Mitsui 80% Coal (i) 1,421 1,133 1,426 1,803 1,580 3,383 3,334 Illawarra 100% 1,832 1,582 1,622 2,214 1,907 4,121 3,680 Total 7,787 6,670 7,922 9,291 8,493 17,784 18,086 ENERGY COAL Production (`000 tonnes) South 100% Africa 8,507 8,596 8,228 9,095 7,976 17,071 17,504 USA 100% 2,296 2,360 3,779 2,467 2,163 4,630 5,473 Australia 100% 3,394 3,978 3,793 4,046 4,027 8,073 5,900
Colombia 33% 2,316 2,609 2,538 2,852 2,753 5,605 4,742 Total 16,513 17,543 18,338 18,460 16,919 35,379 33,619
(a) LPG and ethane are reported as Natural Gas Liquid (NGL). Product-specific conversions are made and NGL is reported in barrels of oil equivalent (boe). (b) Metal production is reported on the basis of payable metal. (c) Includes Cerro Colorado and Spence. (d) Iron ore production is reported on a wet tonnes basis. (e) Newman includes Mt Newman Joint Venture and Jimblebar. (f) Shown on 100% basis. BHP Billiton interest in saleable production is 60%. (g) Production includes Medium Carbon Ferro Manganese. (h) Metallurgical coal production is reported on the basis of saleable product. Production figures include some thermal coal. (i) Shown on 100% basis. BHP Billiton interest in saleable production is 80%. PRODUCTION AND SHIPMENT REPORT QUARTER ENDED YEAR TO DATE DEC MAR JUN SEP DEC DEC DEC 2010 2011 2011 2011 2011 2011 2010
PETROLEUM BHP Billiton attributable production unless otherwise stated. CRUDE OIL & CONDENSATE (`000 barrels) Bass Strait 2,553 2,465 2,485 2,527 2,190 4,717 5,264 North West Shelf 2,188 1,719 1,442 1,400 1,686 3,086 4,425
Stybarrow 358 862 1,037 1,171 836 2,007 909 Pyrenees 5,362 4,326 4,584 3,901 3,207 7,108 10,878
Other Australia (a) 10 13 13 13 13 26 25 Atlantis (b) 2,881 2,694 2,098 2,081 2,390 4,471 5,919
Mad Dog (b) 874 952 128 - - - 1,949 Shenzi (b) (c) 3,859 3,378 3,630 3,848 4,119 7,967 7,775
Onshore US (d) - - - 672 1,631 2,303 - Trinidad/Tobago - 299 687 466 466 932 285
Other Americas (b) (e) 430 397 448 373 374 747 789 UK 479 542 534 447 433 880 1,090
Algeria 1,587 1,474 1,498 1,498 1,437 2,935 3,273 Pakistan 71 79 68 85 84 169 158
Total 20,652 19,200 18,652 18,482 18,866 37,348 42,739 NATURAL GAS (billion cubic feet) Bass Strait 20.94 22.31 29.97 31.88 23.65 55.53 59.75 North West Shelf 36.47 35.11 35.44 32.97 32.56 65.53 72.96
Other Australia (a) 3.83 4.69 4.68 4.45 4.56 9.01 9.83 Atlantis (b) 1.07 0.84 0.67 0.64 0.67 1.31 2.40
Mad Dog (b) 0.06 0.13 0.01 - - - 0.31 Shenzi (b) (c) 0.77 0.64 0.67 0.62 0.57 1.19 1.52
Onshore US (d) - - 36.43 77.59 121.63 199.22 - Trinidad/Tobago - - 4.69 9.31 9.72 19.03 -
Other Americas (b) (e) 1.32 1.33 1.42 1.19 0.98 2.17 2.72 UK 6.14 6.32 5.69 3.91 5.51 9.42 12.45
Pakistan 11.94 13.53 12.12 14.79 14.64 29.43 26.43 Total 82.54 84.90 131.79 177.35 214.49 391.84 188.37
NGL (`000 barrels of oil equivalent) Bass Strait 1,412 1,252 1,554 1,823 1,407 3,230 3,442
North West Shelf 442 434 367 423 434 857 913 Atlantis (b) 177 150 117 120 123 243 365
Mad Dog (b) 42 39 11 - - - 84 Shenzi (b) (c) 336 245 252 296 293 589 532
Onshore US (d) - - - 416 943 1,359 - Other Americas (b) (e) 54 42 47 41 34 75 96 UK 74 79 66 18 45 63 134 Algeria 305 201 222 219 83 302 639
Total 2,842 2,442 2,636 3,356 3,362 6,718 6,205 TOTAL PETROLEUM PRODUCTS 37.25 35.79 43.25 51.40 57.98 109.38 80.34
(million barrels of oil equivalent) (f) (a) Other Australia includes Minerva. (b) Gulf of Mexico volumes are net of royalties. (c) The Genghis Khan operation is reported in Shenzi. (d) Fayetteville shale acquisition completed on 31 March 2011. Petrohawk Energy Corporation acquisition completed on 20 August 2011. Onshore US volumes are net of mineral holder royalties. (e) Other Americas includes Neptune, West Cameron 76, Genesis and Starlifter. (f) Total barrels of oil equivalent (boe) conversions are based on 6,000 scf of natural gas equals 1 boe. PRODUCTION AND SHIPMENT REPORT QUARTER ENDED YEAR TO DATE DEC MAR JUN SEP DEC DEC DEC 2010 2011 2011 2011 2011 2011 2010 ALUMINIUM BHP Billiton attributable production and sales unless otherwise stated. (`000 tonnes) ALUMINA Production Worsley, Australia 758 663 725 752 694 1,446 1,514 Alumar, Brazil 267 296 301 308 307 615 511
Total 1,025 959 1,026 1,060 1,001 2,061 2,025 Sales Worsley, Australia 735 633 727 720 745 1,465 1,502 Alumar, Brazil 271 249 324 280 349 629 510 Total 1,006 882 1,051 1,000 1,093 2,093 2,012 ALUMINIUM Production Hillside, South Africa 179 173 179 180 180 360 359 Bayside, South Africa 25 24 24 25 24 49 49 Alumar, Brazil 43 44 43 44 42 86 87 Mozal, Mozambique 67 64 67 66 67 133 133 Total 314 305 313 315 313 628 628 Sales Hillside, South Africa 160 163 181 163 186 349 308 Bayside, South Africa 31 38 29 24 25 49 60 Alumar, Brazil 43 43 44 44 43 87 87
Mozal, Mozambique 76 66 80 60 85 145 131 Total 310 310 334 291 339 630 586
PRODUCTION AND SHIPMENT REPORT QUARTER ENDED YEAR TO DATE DEC MAR JUN SEP DEC DEC DEC
2010 2011 2011 2011 2011 2011 2010 BASE METALS BHP Billiton attributable production and sales unless otherwise stated. Metals production is payable metal unless otherwise stated. Escondida, Chile Material (`000 mined tonnes) 98,167 100,966 97,705 69,006 96,152 165,158 202,008 (100%) Sulphide (`000 ore milled tonnes) 18,789 15,993 16,399 12,029 18,663 30,692 38,486 (100%) Average (%) 1.26% 1.15% 1.06% 0.97% 0.97% 0.97% 1.25% copper grade Production (`000 ex mill tonnes) 194.6 153.1 141.2 91.9 144.3 236.2 392.3 (100%) Production Payable (`000 copper tonnes) 112.7 87.7 79.4 49.9 80.4 130.3 223.4 Payable (fine gold ounces) 23,133 19,667 17,116 11,063 14,242 25,305 47,940 concentrat e Copper (`000 cathode tonnes) 47.1 44.4 42.6 32.9 43.0 75.9 92.1 (EW) Payable (`000 silver ounces) 796 670 580 403 549 952 1,599 concentrat e Sales Payable (`000 copper tonnes) 113.9 74.3 90.9 49.2 82.1 131.3 228.7 Payable (fine gold ounces) 23,357 16,754 20,251 10,974 14,435 25,409 49,018 concentrat e Copper (`000 cathode tonnes) 46.1 47.7 48.0 25.7 45.3 71.0 86.1 (EW) Payable (`000 silver ounces) 804 569 673 404 558 962 1,635 concentrat e Pampa Norte, Chile Cerro Colorado Material (`000 mined tonnes) 18,290 16,320 17,840 14,736 16,792 31,528 33,934 Ore milled (`000 tonnes) 4,631 4,251 4,771 4,608 4,601 9,209 9,215 Average (%) 0.76% 0.75% 0.74% 0.72% 0.71% 0.72% 0.75% copper grade Production Copper (`000 cathode tonnes) 22.4 22.6 25.7 22.5 23.5 46.0 44.1 (EW) Sales Copper (`000 cathode tonnes) 24.7 22.5 25.7 22.4 23.8 46.2 46.1 (EW) Spence Material (`000 mined tonnes) 18,389 19,046 19,487 19,816 26,511 46,327 35,537 Ore milled (`000 tonnes) 4,567 4,892 4,545 3,862 4,909 8,771 8,994 Average (%) 1.28% 1.23% 1.22% 1.30% 1.46% 1.39% 1.27% copper grade Production Copper (`000 cathode tonnes) 43.6 41.5 50.0 42.9 46.5 89.4 88.3 (EW) Sales Copper (`000 cathode tonnes) 48.2 45.7 54.5 43.2 46.6 89.8 85.2 (EW) Antamina, Peru Material (`000 mined tonnes) 32,722 33,154 41,669 44,212 38,759 82,971 63,321 (100%) Sulphide (`000 ore milled tonnes) 9,347 9,288 9,253 9,396 9,656 19,052 18,388 (100%) Average head grades - Copper (%) 1.06% 0.99% 0.90% 1.11% 1.15% 1.13% 1.00% - Zinc (%) 1.11% 1.15% 1.03% 0.68% 0.72% 0.70% 1.23% Production Payable (`000 copper tonnes) 27.2 24.9 22.5 30.3 30.9 61.2 50.4 Payable (tonnes) zinc 22,025 24,123 20,385 8,956 13,553 22,509 46,962 Payable (`000 silver ounces) 1,025 813 773 972 1,087 2,059 2,014 Payable (tonnes) lead 177 237 164 102 205 307 789 Payable (tonnes) molybdenum 485 334 418 595 766 1,361 693 Sales Payable (`000 copper tonnes) 21.8 26.1 23.5 28.2 31.7 59.9 49.5 Payable (tonnes) zinc 24,912 25,571 18,479 9,586 12,654 22,240 48,849 Payable (`000 silver ounces) 882 839 658 833 940 1,773 2,124 Payable (tonnes) lead 503 180 92 91 139 230 1,251 Payable (tonnes) molybdenum 292 394 346 549 591 1,140 730 Cannington, Australia Material (`000 mined tonnes) 824 703 841 819 778 1,597 1,566 Ore milled (`000 tonnes) 760 713 786 826 888 1,714 1,591 Average head grades - Silver (g/t) 459 377 381 332 370 352 453 - Lead (%) 9.9% 8.6% 8.6% 7.9% 8.8% 8.4% 9.7% - Zinc (%) 3.3% 3.6% 2.9% 2.9% 2.9% 2.9% 3.1% Production Payable (`000 silver ounces) 9,509 7,315 8,242 7,559 9,056 16,615 19,668 Payable (tonnes) lead 64,748 51,673 58,414 55,557 66,787 122,344 133,277 Payable (tonnes) zinc 14,920 16,129 14,348 14,488 14,745 29,233 30,180 Sales Payable (`000 silver ounces) 9,973 7,263 8,235 6,434 8,960 15,394 19,192 Payable (tonnes) lead 67,815 52,199 58,868 48,258 66,657 114,915 130,906 Payable (tonnes) zinc 16,621 12,986 14,530 15,734 14,078 29,812 29,098 Olympic Dam, Australia Material (`000 mined (a) tonnes) 2,513 2,433 2,675 2,543 2,440 4,983 5,223 Ore milled (`000 tonnes) 2,622 2,670 2,533 2,471 2,440 4,911 5,127
Average (%) 1.78% 1.84% 1.92% 1.98% 2.08% 2.03% 1.84% copper grade Average kg/t uranium 0.50 0.54 0.54 0.54 0.50 0.52 0.52 grade Production Copper (`000 cathode tonnes) 45.0 47.8 47.0 37.6 51.5 89.1 86.6 (ER) Copper (`000 cathode tonnes) 2.8 3.3 3.7 2.8 3.1 5.9 5.7 (EW) Uranium (tonnes) oxide 957 1,063 1,015 1,000 909 1,909 1,967 concentrat e Refined (fine gold ounces) 28,493 29,892 28,429 28,376 29,765 58,141 53,047 Refined (`000 silver ounces) 241 258 282 217 211 428 442 Sales Copper (`000 cathode tonnes) 45.3 48.7 46.5 36.4 51.7 88.1 87.5 (ER) Copper (`000 cathode tonnes) 2.9 2.7 4.1 3.5 2.5 6.0 5.7 (EW) Uranium (tonnes) oxide 1,121 930 1,143 910 1,126 2,036 1,872 concentrat e Refined (fine gold ounces) 29,757 31,742 30,323 28,979 24,327 53,306 48,671 Refined (`000 silver ounces) 150 334 269 289 155 444 351 (a) Material mined refers to run of mine ore mined and hoisted. Pinto Valley, USA Production Copper (`000 cathode tonnes) 1.5 1.4 1.4 1.4 1.4 2.8 2.9 (EW) Sales Copper (`000 cathode tonnes) 1.0 1.9 1.2 1.7 1.2 2.9 2.8 (EW) PRODUCTION AND SHIPMENT REPORT QUARTER ENDED YEAR TO DATE DEC MAR JUN SEP DEC DEC DEC 2010 2011 2011 2011 2011 2011 2010 DIAMONDS AND SPECIALTY PRODUCTS BHP Billiton attributable production and sales unless otherwise stated. DIAMONDS EKATI (TM), Canada Ore Processed (`000 (100%) tonnes) 1,162 1,122 1,212 1,177 1,090 2,267 2,358 Production (`000 carats) 676 551 576 457 481 938 1,379 PRODUCTION AND SHIPMENT REPORT QUARTER ENDED YEAR TO DATE DEC MAR JUN SEP DEC DEC DEC 2010 2011 2011 2011 2011 2011 2010 STAINLESS STEEL MATERIALS BHP Billiton attributable production and sales unless otherwise stated. (`000 tonnes) NICKEL CMSA, Colombia Production 12.4 7.8 7.4 10.4 12.3 22.7 24.8 Sales 12.8 8.5 8.5 7.7 13.1 20.8 24.8
Nickel West, Australia Production Nickel contained in concentrate 1.7 1.6 3.3 2.6 1.8 4.4 2.6 Nickel contained in finished matte 21.8 12.4 16.1 9.0 15.2 24.2 35.4 Nickel metal 7.1 11.2 11.4 13.1 9.1 22.2 18.7 Nickel production 30.6 25.2 30.8 24.7 26.1 50.8 56.7 Sales Nickel contained in concentrate 0.8 2.2 3.9 1.2 2.6 3.8 2.4 Nickel contained in finished matte 19.9 14.7 14.9 10.1 13.9 24.0 34.5 Nickel metal 9.6 9.2 12.4 9.4 10.9 20.3 21.8 Nickel sales 30.3 26.1 31.2 20.7 27.4 48.1 58.7
PRODUCTION AND SHIPMENT REPORT QUARTER ENDED YEAR TO DATE DEC MAR JUN SEP DEC DEC DEC
2010 2011 2011 2011 2011 2011 2010 IRON ORE BHP Billiton attributable production and sales unless otherwise stated. (`000 tonnes) IRON ORE (a) Pilbara, Australia Production Newman (b) 11,213 11,912 12,480 13,158 13,247 26,405 20,853 Goldsworthy Joint Venture 225 305 284 254 334 588 609 Area C Joint Venture 10,154 9,510 10,044 10,479 10,437 20,916 20,240 Yandi Joint Venture 9,078 8,799 9,796 12,708 14,170 26,878 17,865 Total (BHP Billiton share) 30,670 30,526 32,604 36,599 38,188 74,787 59,567 Total production (100%) 36,082 35,913 38,358 43,058 44,927 87,985 70,078 Shipments Lump 7,830 7,669 7,463 7,744 8,700 16,444 15,652 Fines 23,870 22,648 25,379 29,311 28,406 57,717 44,919
Total (BHP Billiton share) 31,700 30,317 32,842 37,055 37,106 74,161 60,571 Total sales (100%) 37,294 35,667 38,638 43,594 43,654 87,248 71,260 (a) Iron ore production and shipments are reported on a wet tonnes basis. (b) Newman includes Mt Newman Joint Venture and Jimblebar. Samarco, Brazil Production 2,996 2,705 2,922 2,973 2,884 5,857 6,082 Shipments 3,460 2,598 2,736 2,926 2,961 5,887 6,094 PRODUCTION AND SHIPMENT REPORT QUARTER ENDED YEAR TO DATE DEC MAR JUN SEP DEC DEC DEC 2010 2011 2011 2011 2011 2011 2010 MANGANESE BHP Billiton attributable production and sales unless otherwise stated. (`000 tonnes) MANGANESE ORE South Africa (a) Saleable production 779 514 776 911 808 1,719 1,717 Sales 947 701 746 861 853 1,714 1,604 Australia (a) Saleable production 1,050 838 1,014 1,108 998 2,106 2,234
Sales 1,173 1,127 1,108 1,094 876 1,970 1,725 MANGANESE ALLOY South Africa (a) (b) Saleable production 123 111 120 124 124 248 255 Sales 153 145 123 95 138 233 248
Australia (a) Saleable production 69 61 70 70 71 141 136 Sales 68 62 75 91 58 149 121 (a) Shown on 100% basis. BHP Billiton interest in saleable production is 60%, except Hotazel Manganese Mines which is 44.4%. (b) Production includes Medium Carbon Ferro Manganese. PRODUCTION AND SHIPMENT REPORT QUARTER ENDED YEAR TO DATE DEC MAR JUN SEP DEC DEC DEC 2010 2011 2011 2011 2011 2011 2010
METALLURGICAL COAL BHP Billiton attributable production and sales unless otherwise stated. (`000 tonnes)
METALLURGICAL COAL (a) Queensland, Australia Production BMA Blackwater 1,134 870 1,127 1,367 1,122 2,489 2,592 Goonyella 1,086 993 1,417 1,463 1,375 2,838 2,949
Peak Downs 984 758 543 971 992 1,963 2,101 Saraji 819 532 556 802 900 1,702 1,691
Norwich Park 73 128 386 365 369 734 541 Gregory Joint Venture 438 674 845 306 248 554 1,198 BMA total 4,534 3,955 4,874 5,274 5,006 10,280 11,072
BHP Mitsui Coal (b) South Walker Creek 765 623 690 1,106 901 2,007 1,821 Poitrel 656 510 736 697 679 1,376 1,513 BHP Mitsui Coal total 1,421 1,133 1,426 1,803 1,580 3,383 3,334 Queensland total 5,955 5,088 6,300 7,077 6,586 13,663 14,406 Shipments Coking coal 5,243 3,475 4,865 5,066 4,845 9,911 11,884 Weak coking coal 1,886 970 1,411 1,691 1,747 3,438 3,539 Thermal coal 206 125 285 176 20 196 574 Total 7,335 4,570 6,561 6,933 6,612 13,545 15,997
(a) Metallurgical coal production is reported on the basis of saleable product. Production figures include some thermal coal. (b) Shown on 100% basis. BHP Billiton interest in saleable production is 80%. Illawarra, Australia Production 1,832 1,582 1,622 2,214 1,907 4,121 3,680
Shipments Coking coal 1,495 1,374 1,407 1,673 1,255 2,928 2,883
Thermal coal 536 211 216 159 441 600 898 Total 2,031 1,585 1,623 1,832 1,696 3,528 3,781
PRODUCTION AND SHIPMENT REPORT QUARTER ENDED YEAR TO DATE DEC MAR JUN SEP DEC DEC DEC 2010 2011 2011 2011 2011 2011 2010
ENERGY COAL BHP Billiton attributable production and sales unless otherwise stated. (`000 tonnes) South Africa Production 8,507 8,596 8,228 9,095 7,976 17,071 17,504 Sales Export 3,365 2,887 3,082 3,439 3,546 6,985 6,412 Local utility 5,024 5,254 5,363 5,622 4,582 10,204 10,691 Inland 96 78 37 85 165 250 206 Total 8,485 8,219 8,482 9,146 8,293 17,439 17,309 New Mexico, USA Production Navajo Coal 1,818 1,629 2,271 1,178 2,060 3,238 3,572 San Juan Coal 478 731 1,508 1,289 103 1,392 1,901 Total 2,296 2,360 3,779 2,467 2,163 4,630 5,473 Sales - local utility 3,339 3,385 3,106 3,630 3,108 6,738 6,700 NSW Energy Coal, Australia Production 3,394 3,978 3,793 4,046 4,027 8,073 5,900 Sales Export 3,253 3,824 3,522 3,523 3,566 7,089 5,879
Inland 180 339 364 625 333 958 584 Total 3,433 4,163 3,886 4,148 3,899 8,047 6,463
Cerrejon Coal, Colombia Production 2,316 2,609 2,538 2,852 2,753 5,605 4,742
Sales - export 2,672 2,149 2,853 2,901 2,784 5,685 5,448 Date: 18/01/2012 07:05:56 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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