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BHP BILLITON PLC - Operational Review for the Quarter Ended 30 September 2013

Release Date: 22/10/2013 07:05
Code(s): BIL     PDF:  
Wrap Text
Operational Review for the Quarter Ended 30 September 2013

BHP Billiton Plc
Registration number 3196209
Registered in England and Wales
Share code: BIL
ISIN: GB0000566504


NEWS RELEASE
Release Time               IMMEDIATE
Date                       22 October 2013
Number                     24/13
                                   BHP BILLITON OPERATIONAL REVIEW
                               FOR THE QUARTER ENDED 30 SEPTEMBER 2013

- BHP Billiton maintained strong momentum in the September 2013 quarter as production increased by
  11% (i) from the prior corresponding period. Optimisation of the Western Australia Iron Ore (WAIO) supply
  chain continues to unlock substantial value with 2014 financial year production guidance raised to
  212 million tonnes (100% basis). Full year production guidance is maintained for Petroleum, Copper and
  Coal.

- Total petroleum production for the September 2013 quarter was a record 62.7 million barrels of oil
  equivalent. A 16% increase in liquids production was underpinned by significant growth in Onshore US
  volumes, primarily in the Black Hawk, and the start-up of a new production well at Atlantis. An
  additional Atlantis production well is scheduled for completion in the second half of the 2014 financial
  year.

- Queensland Coal continued to benefit from its focus on productivity as it sustained an annualised
  production rate of 61 million tonnes (100% basis) in the September 2013 quarter.

- Four major projects delivered first production, including the WAIO Jimblebar Mine
  Expansion where first production was achieved approximately six months ahead of the original
  schedule. All other projects are tracking to plan.

- Our ability to simplify our portfolio and focus on our diversified pillars of Petroleum, Copper, Iron Ore
  and Coal remains an important point of differentiation. Since the beginning of the 2013 financial year the
  Group has completed major transactions totalling US$6.5 billion, which includes US$2.2 billion received
  in the financial year to date.

BHP Billiton Chief Executive Officer, Andrew Mackenzie, said: “Our pursuit of productivity gains and operating
excellence is already yielding strong results. There is no better example than in our Iron Ore business, where the
deployment of mobile crushing units and the continued debottlenecking of the supply chain has underpinned a
five million tonne increase in Western Australia Iron Ore’s production guidance for the 2014 financial year.

“We continue to build on the substantial US$2.7 billion reduction in controllable cash costs delivered in the
2013 financial year with strong momentum maintained in the first quarter. In addition, a 25 per cent reduction in
capital and exploration expenditure to US$16 billion (ii) in the 2014 financial year has significantly increased internal
competition for capital. Our rate of expenditure will decline again next year and if our investment criteria cannot be
met in any one project, product or geography, we will redirect our capital elsewhere or we will not invest.

“Active management of our portfolio has also delivered significant value for our shareholders. In this financial year
completed transactions have already delivered proceeds of US$2.2 billion, further strengthening our solid A
balance sheet. With strong production growth and our overriding commitment to substantially increase free cash
flow, we are well positioned to grow returns to our shareholders.”


(i)  Refers to copper equivalent production based on average realised product prices for the 2013 financial year.
(ii) Capital and exploration expenditure guidance excludes deferred stripping and refers to BHP Billiton’s equity interest.

Note: Unless specified otherwise: variance analysis relates to the relative performance of BHP Billiton and/or its operations during 
the September 2013 quarter compared with the September 2012 quarter; all references to production and capital expenditure are 
BHP Billiton share and reflect the adoption of the new accounting standards (IFRS 10); and all references to project capacity 
are 100 per cent.

Summary

                                                                             SEP         SEP Q13              SEP Q13
                                                                            2013              vs                   vs
Production summary                                                           QTR         SEP Q12              JUN Q13
Total petroleum products (million boe)                                      62.7             2%                    6%
Copper ('000 tonnes)                                                       403.3             6%                  -13%
Iron ore ('000 tonnes)                                                    48,848            23%                    2%
Metallurgical coal ('000 tonnes)                                          10,185            14%                   -6%
Energy coal ('000 tonnes)                                                 19,639             3%                    6%
Alumina ('000 tonnes)                                                      1,251             7%                   -1%
Aluminium ('000 tonnes)                                                      310            15%                    0%
Manganese ore ('000 tonnes)                                                2,046            -5%                   -9%
Manganese alloy ('000 tonnes)                                                137             5%                  -25%
Nickel ('000 tonnes)                                                        40.4             9%                    0%

BHP Billiton maintained strong momentum in the September 2013 quarter as production increased by 11 per cent
from the prior corresponding period. Optimisation of the WAIO supply chain continues to unlock substantial value
with 2014 financial year production guidance raised to 212 million tonnes (100 per cent basis). Full year production
guidance is maintained for Petroleum, Copper and Coal.

Our WAIO business achieved another major milestone during the quarter with first production delivered from the
Jimblebar Mine Expansion, six months ahead of its original schedule. The ramp up of phase one capacity to
35 million tonnes per annum (mtpa) is expected to be completed by the end of the 2015 financial year. Together
with the recent installation of four mobile crushers, this will increase total WAIO supply chain capacity to in excess
of 220 mtpa (100 per cent basis). Longer term, a low cost option to expand Jimblebar to 55 mtpa and the broader
debottlenecking of the supply chain is expected to underpin capital efficient growth in capacity to approximately
260 mtpa to 270 mtpa (100 per cent basis).

First production was also achieved at Macedon, Bass Strait Turrum and North West Shelf North Rankin B Gas
Compression (all Australia). In addition, the Newcastle Third Port Stage 3 project (Australia) achieved mechanical
completion. These projects will not be reported in future quarterly reports. The remaining 12 major projects are
tracking to plan.

During the September 2013 quarter, BHP Billiton announced an investment of US$3.4 billion (100 per cent basis)
to construct a desalination facility which will deliver sustainable water supply to Escondida (Chile) over the long
term. In addition, BHP Billiton announced it is investing US$2.6 billion to finish the excavation and lining of the
Jansen Potash project (Canada) production and service shafts, and to continue the installation of essential surface
infrastructure and utilities. Completion of both shafts is expected during the 2016 calendar year, while the
associated works program will extend into the 2017 calendar year.

BHP Billiton’s active program of portfolio simplification has delivered proceeds of US$2.2 billion since the
commencement of the 2014 financial year with the completion of the Jimblebar (Australia) and Pinto Valley (US)
transactions. In addition, the Group priced a four tranche, US$5.0 billion Global Bond during the September 2013
quarter. The proceeds will be used for general corporate purposes.

The new International Financial Reporting Standard (IFRS) 10 came into effect from 1 July 2013. The application of
this accounting standard requires the full consolidation of Escondida, as compared to the proportional consolidation
of our 57.5 per cent equity interest which has been applied historically. This report has been prepared on the basis of this
new accounting standard and references to BHP Billiton share now include 100 per cent of Escondida. As a
consequence, BHP Billiton’s copper production guidance for the 2014 financial year now refers to 1.7 million
tonnes, although the Group’s equity interest remains unchanged at 1.2 million tonnes.



BHP Billiton operational review for the quarter ended 30 September 2013                                             2

Petroleum and Potash

Production

                                                                                      SEP                   SEP Q13                    SEP Q13
                                                                                     2013                        vs                         vs
                                                                                      QTR                   SEP Q12                    JUN Q13
Crude oil, condensate and natural gas liquids (‘000 boe)                           26,053                       16%                        11%
Natural gas (bcf)                                                                  219.66                       -6%                         2%
Total petroleum products (million boe)                                               62.7                        2%                         6%

Total petroleum production – Total petroleum production for the September 2013 quarter was a record
62.7 million barrels of oil equivalent (BHP Billiton share). Guidance for the 2014 financial year remains unchanged
at 250 million barrels of oil equivalent (BHP Billiton share).

Crude oil, condensate and natural gas liquids – A 16 per cent increase in liquids production in the September
2013 quarter was underpinned by significant growth in Onshore US volumes, primarily in the Black Hawk, and the
start-up of a new production well at Atlantis (US). An additional Atlantis production well is scheduled for completion
in the second half of the 2014 financial year. A significant increase in the number of producing wells in the liquids
rich Eagle Ford contributed to a 29 per cent increase in Onshore US liquids production from the June 2013 quarter.

Planned maintenance and new well tie-ins at Pyrenees (Australia) are expected to impact conventional liquids
production during the December 2013 quarter with the floating production storage and off-take (FPSO) facility
offline for approximately one month. These additional production wells will mitigate natural field decline in the
second half of the 2014 financial year.

Natural gas – Natural gas production declined by six per cent in the September 2013 quarter. The successful
delivery of first gas from the Macedon project in August 2013 only partially offset softer seasonal demand at Bass
Strait and lower production at Haynesville (US), following our deliberate decision to prioritise Onshore US
development drilling in the liquids rich Black Hawk region of the Eagle Ford.

Projects

                             Capital         Initial
Project and              expenditure      production
ownership                     (US$m)     target date        Capacity                                  Progress

Macedon (Australia)            1,050           CY13         200 million cubic feet of gas per day.    First gas sales achieved in August
71.43% (operator)                                                                                     2013. The overall project is 100%
                                                                                                      complete.

Bass Strait Turrum             1,350           CY13 (iii)   11,000 barrels of condensate per day      On revised schedule and budget for
(Australia)                                                 and processing capacity of                remaining scope. First gas achieved
50% (non-operator)                                          200 million cubic feet of gas per day.    in June 2013. The overall project is
                                                                                                      91% complete.

North West Shelf                 850           CY13         2,500 million cubic feet of gas per       On budget. First production achieved
North Rankin B Gas                                          day.                                      in early October 2013. The overall
Compression                                                                                           project is 99% complete.
(Australia)
16.67% (non-
operator)


(iii) Initial production through the Turrum facilities is low CO2 gas. Additional high CO2 gas production from the Turrum reservoir will come online
with completion of the Longford Gas Conditioning Plant in the 2016 calendar year.

BHP Billiton operational review for the quarter ended 30 September 2013                                                                           3

                          Capital        Initial
Project and           expenditure        production
ownership                  (US$m)        target date  Capacity                                Progress

North West Shelf              400        CY16         To maintain LNG plant throughput        On schedule and budget. The overall
Greater Western                                       from the North West Shelf operations.   project is 60% complete.
Flank-A (Australia)
16.67% (non-
operator)

Bass Strait                   520        CY16         Designed to process approximately        On schedule and budget. The overall
Longford Gas                                          400 million cubic feet per day of high   project is 20% complete.
Conditioning Plant                                    CO2 gas.
(Australia)
50% (non-operator)

Onshore US drilling and development expenditure totalled US$1.3 billion in the September 2013 quarter. The
Company’s rig count declined from 40 to 27 during the period which will result in lower expenditure in subsequent
quarters. Approximately 75 per cent of drilling activity occurred in the Eagle Ford, with the majority focused on our
liquids rich Black Hawk acreage. The optimisation of our dry gas program and the associated termination of rig
contracts is expected to result in a charge of approximately US$100 million in the 2014 financial year, with the large
majority to be booked in the first half. Guidance for Onshore US drilling and development expenditure remains
unchanged at US$3.9 billion for the 2014 financial year.

Petroleum exploration

Exploration and appraisal wells drilled during the quarter or in the process of drilling as at 30 September 2013.

Well                           Location                       BHP Billiton equity             Status

Raptor-1/ST-1                  Gulf of Mexico                 50%                             Plugged and abandoned
                               DC535                          (Anadarko operator)             Hydrocarbons encountered

Sake                           Gulf of Mexico                 60%                             Plugged and abandoned
                               DC726                          (Operator)                      Dry hole

Petroleum exploration expenditure for the September 2013 quarter was US$205 million, of which US$64 million
was expensed. A US$600 million exploration program, largely focused on the Gulf of Mexico (US) and Western
Australia, is planned for the 2014 financial year.

Potash

Project and           Investment
ownership                 (US$m)  Scope                                           Progress

Jansen Potash               2,600 Investment to finish the excavation and lining  Approval announced. See news release
(Canada)                          of the production and service shafts, and to    dated 20 August 2013.
100%                              continue the installation of essential surface
                                  infrastructure and utilities.



BHP Billiton operational review for the quarter ended 30 September 2013                                                   4

Copper

Production

                                                                             SEP       SEP Q13              SEP Q13
                                                                            2013            vs                   vs
                                                                             QTR       SEP Q12              JUN Q13
Copper (‘000 tonnes)                                                       403.3            6%                 -13%
Lead (tonnes)                                                             46,445          -11%                 -31%
Zinc (tonnes)                                                             28,555           10%                 -38%
Silver (‘000 ounces)                                                       8,688           -8%                 -25%
Uranium oxide concentrate (Uranium) (tonnes)                                 970           -6%                 -12%

Copper – Copper production increased by six per cent in the September 2013 quarter to 403 thousand tonnes
(BHP Billiton share). The application of IFRS 10 requires the full consolidation of Escondida, as compared to the
proportional consolidation of our 57.5 per cent equity interest which has been applied historically. This report has been
prepared on the basis of this new accounting standard and references to BHP Billiton share now include 100 per
cent of Escondida. As a consequence, BHP Billiton’s copper production guidance for the 2014 financial year now
refers to 1.7 million tonnes, although the Group’s equity interest remains unchanged at 1.2 million tonnes.

Escondida copper production increased by 12 per cent in the September 2013 quarter to 278 thousand tonnes
(100 per cent basis) as milling rates improved. An eight per cent reduction from the June 2013 quarter, however,
reflected planned maintenance, industrial action and lower copper ore grades, consistent with the mine plan.
Escondida remains on track to produce approximately 1.1 million tonnes (100 per cent basis) of copper in the
2014 financial year before increasing to approximately 1.3 million tonnes (100 per cent basis) in the 2015 financial
year.

As anticipated, Pampa Norte (Chile) copper production declined by 33 per cent from the June 2013 quarter
primarily as a result of lower ore grades and recoveries at Spence. Production at Spence is expected to recover
strongly in the second half of the 2014 financial year.

Antamina (Peru) achieved record copper production in the September 2013 quarter which reflected continued
strong mill throughput and higher ore grades as mining progressed through a copper rich ore zone. Copper
production at Antamina will be affected by lower ore grades in the second half of the 2014 financial year, consistent
with the mine plan.

Olympic Dam (Australia) copper production was affected by smelter reliability issues during the September 2013
quarter. A maintenance outage scheduled for the March 2014 quarter will address smelter performance. Copper
production at Olympic Dam for the 2014 financial year is expected to be in line with the prior year.

On 11 October 2013, BHP Billiton completed the sale of its Pinto Valley (US) mining operation and the associated
San Manuel Arizona Railroad Company to Capstone Mining Corp. for US$650 million, subject to customary
working capital adjustments.

Lead/silver – Lead and silver production decreased by 31 per cent and 25 per cent, respectively, from the
June 2013 quarter as lower average ore grades affected performance at Cannington (Australia).

Zinc – Zinc production decreased by 38 per cent from the June 2013 quarter, driven by lower average zinc ore grades
at Cannington and Antamina.

Uranium – Uranium production decreased by 12 per cent from the June 2013 quarter as a result of lower average
uranium ore grades and planned maintenance at Olympic Dam.


BHP Billiton operational review for the quarter ended 30 September 2013                                           5

Projects

                                Capital              Initial
Project and                 expenditure              production
ownership                        (US$m)              target date  Capacity                                  Progress
                                          
Escondida Oxide                     721 (iv)          H1 CY14     New dynamic leaching pad and              On schedule and budget. The overall
Leach Area Project                                                mineral handling system. Maintains        project is 76% complete.
(Chile)                                                           oxide leaching capacity.
57.5%
                                          
Escondida Organic                 3,838 (iv)          H1 CY15      Replaces the Los Colorados               On schedule and budget. The overall
Growth Project 1                                                   concentrator with a new                  project is 51% complete.
(Chile)                                                            152,000 tonnes per day plant.
57.5%
                                          
Escondida Water                   3,430 (iv)             CY17      New desalination facility to ensure      Approval announced. See news
Supply (Chile)                                                     continued water supply to Escondida.     release dated 25 July 2013.
57.5%


(iv) Following the application of IFRS 10 from 1 July 2013, references to BHP Billiton share include 100 per cent of Escondida.

BHP Billiton operational review for the quarter ended 30 September 2013                                                                   6

Iron Ore

Production

                                                                               SEP               SEP Q13                 SEP Q13
                                                                              2013                    vs                      vs
                                                                               QTR               SEP Q12                 JUN Q13
Iron ore (‘000 tonnes)                                                      48,848                   23%                      2%

Iron ore – Iron ore production increased by 23 per cent in the September 2013 quarter to 49 million tonnes
(BHP Billiton share).

WAIO achieved record production of 54 million tonnes (100 per cent basis) for the September 2013 quarter.
Continued strong operating performance across the supply chain and the successful delivery of first production
from the Jimblebar mine, ahead of schedule, contributed to the record result. The ramp up of phase one capacity at Jimblebar 
to 35 mtpa is expected to be completed by the end of the 2015 financial year.

The optimisation of the supply chain in the Pilbara continues to unlock substantial value and WAIO is now expected
to produce 212 million tonnes (100 per cent basis) in the 2014 financial year, a five million tonne increase on prior
guidance. Longer term, a low cost option to expand Jimblebar to 55 mtpa and the broader debottlenecking of the
supply chain is expected to underpin further capital efficient growth in capacity to approximately 260 mtpa to
270 mtpa (100 per cent basis).

Samarco’s (Brazil) three pellet plants continued to operate at capacity during the period.

Total iron ore production for the 2014 financial year, which includes Samarco, is now expected to increase to
192 million tonnes (BHP Billiton share).

Projects

                             Capital         Initial
Project and              expenditure         production
ownership                     (US$m)         target date  Capacity                               Progress
                                       
WAIO Jimblebar                 3,220 (v)     Q4 CY13      Increases mining and processing        First production achieved in Q3
Mine Expansion                                            capacity to 35 million tonnes per      CY13, ahead of schedule and on
(Australia)                                               annum with incremental                 revised budget. The overall project is
85%                                                       debottlenecking opportunities to       96% complete.
                                                          55 million tonnes per annum.
                                       
WAIO Port Blending             1,000 (v)     H2 CY14      Optimises resource and enhances        On schedule and budget on the basis
and Rail Yard                                             efficiency across the WAIO supply      of the revised scope. The overall
Facilities (Australia)                                    chain.                                 project is 93% complete.
85%

Samarco Fourth                  1,750        H1 CY14      Increases iron ore pellet production   On schedule and budget. The overall
Pellet Plant (Brazil)                                     capacity by 8.3 million tonnes per     project is 95% complete.
50%                                                       annum to 30.5 million tonnes per
                                                          annum.




(v) Excludes announced pre-commitment funding.


BHP Billiton operational review for the quarter ended 30 September 2013                                                          7

Coal

Production

                                                                           SEP     SEP Q13              SEP Q13
                                                                          2013          vs                   vs
                                                                           QTR     SEP Q12              JUN Q13
Metallurgical coal (‘000 tonnes)                                         10,185        14%                  -6%
Energy coal (‘000 tonnes)                                                19,639         3%                   6%

Metallurgical coal – Metallurgical coal production increased by 14 per cent in the September 2013 quarter to
10 million tonnes (BHP Billiton share).

Queensland Coal (Australia) continued to run at full supply chain capacity during the period with annualised
production of 61 million tonnes (100 per cent basis). This strong result was underpinned by the continued ramp up
of Daunia, record quarterly production at South Walker Creek and improved Coal Preparation Plant performance at
Blackwater and Saraji. This was partially offset by a planned longwall move at Crinum and scheduled Coal
Preparation Plant maintenance at Goonyella Riverside and Peak Downs.

Illawarra Coal (Australia) production decreased by 39 per cent from the June 2013 quarter and reflected an
extended outage at Dendrobium and a scheduled longwall move at West Cliff. Despite a roof fall at Dendrobium in
October 2013, production is expected to improve in the December 2013 quarter, with total Illawarra Coal production
weighted towards the second half of the 2014 financial year.

Total metallurgical coal production guidance for the 2014 financial year remains unchanged at 41 million tonnes
(BHP Billiton share).

Energy coal – Energy coal production increased by three per cent in the September 2013 quarter to 20 million
tonnes (BHP Billiton share). Record quarterly production at both New South Wales Energy Coal (Australia) and
Cerrejon Coal (Colombia) contributed to the strong result.

Total energy coal production guidance for the 2014 financial year remains unchanged at 73 million tonnes
(BHP Billiton share).



BHP Billiton operational review for the quarter ended 30 September 2013                                         8

Projects

                             Capital        Initial
Project and              expenditure     production
ownership                     (US$m)     arget date    Capacity                                Progress

Cerrejon P40                     437           CY13    Increases saleable thermal coal         On schedule and budget. The overall
Project (Colombia)                                     production by 8 million tonnes per      project is 79% complete.
33.3%                                                  annum to approximately 40 million
                                                       tonnes per annum.

Newcastle Third                  367            CY14   Increases total coal terminal capacity  First coal was loaded in Q2 CY13
Port Project Stage 3                                   from 53 million tonnes per annum to     and mechanical completion was
(Australia)                                            66 million tonnes per annum.            achieved in Q3 CY13, ahead of
35.5%                                                                                          schedule and on budget. The overall
                                                                                               project is 76% complete.
                                       
Caval Ridge                    1,870 (vi)        CY14  Greenfield mine development to          On schedule and budget. The overall
(Australia)                                            produce an initial 5.5 million tonnes   project is 86% complete.
50%                                                    per annum of export metallurgical
                                                       coal.
                                       
Hay Point Stage                1,505 (vi)        CY15  Increases port capacity from            On revised schedule and budget. The
Three Expansion                                        44 million tonnes per annum to          overall project is 72% complete.
(Australia)                                            55 million tonnes per annum and
50%                                                    reduces storm vulnerability.

Appin Area 9                       845           CY16  Maintains Illawarra Coal’s production   On schedule and budget. The overall
(Australia)                                            capacity with a replacement mining      project is 51% complete.
100%                                                   domain and capacity to produce
                                                       3.5 million tonnes per annum of
                                                       metallurgical coal.




(vi) Excludes announced pre-commitment funding.


BHP Billiton operational review for the quarter ended 30 September 2013                                                             9

Aluminium, Manganese and Nickel

Production

                                                                           SEP     SEP Q13             SEP Q13
                                                                          2013          vs                  vs
                                                                           QTR     SEP Q12             JUN Q13
Alumina ('000 tonnes)                                                    1,251          7%                 -1%
Aluminium ('000 tonnes)                                                    310         15%                  0%
Manganese ore (‘000 tonnes)                                              2,046         -5%                 -9%
Manganese alloy (‘000 tonnes)                                              137          5%                -25%
Nickel ('000 tonnes)                                                      40.4          9%                  0%

Alumina – Alumina production increased by seven per cent in the September 2013 quarter to 1.3 million tonnes
(BHP Billiton share) as the Efficiency and Growth project at Worsley (Australia) approached nameplate capacity.

Aluminium – Aluminium production increased by 15 per cent in the September 2013 quarter to 310 thousand
tonnes (BHP Billiton share). Production benefited from strong operating performance at our Southern African
smelters which included a second consecutive quarterly production record at Hillside (South Africa).

Manganese ore – Manganese ore production decreased during the September 2013 quarter due to a planned
shutdown at Hotazel (South Africa) and lower recoveries at GEMCO (Australia).

Manganese alloy – Manganese alloy volumes increased by five per cent from the September 2012 quarter which
was affected by the temporary suspension of operations at TEMCO (Australia). Planned maintenance at Metalloys
(South Africa) and TEMCO contributed to the 25 per cent decline in manganese alloy volumes from the June 2013
quarter.

Nickel – Nickel production increased by nine per cent in the September 2013 quarter to 40 thousand tonnes
(BHP Billiton share) and reflected strong operating performance at Nickel West (Australia).


BHP Billiton operational review for the quarter ended 30 September 2013                                     10

Minerals exploration

Greenfield minerals exploration is focused on advancing copper targets within Chile and Peru. Minerals exploration
expenditure in the September 2013 quarter was US$115 million, of which US$105 million was expensed (vii).



This report represents the Interim Management Statement for the purposes of the UK Listing Authority’s Disclosure
and Transparency Rules. There have been no significant changes in the financial position of the Group in the
quarter ended 30 September 2013.

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)


Media Relations                                                                   Investor Relations

Australia                                                                         Australia

Emily Perry                                                                       James Agar
Tel: +61 3 9609 2800 Mobile: +61 477 325 803                                      Tel: +61 3 9609 2222 Mobile: +61 467 807 064
email: Emily.Perry@bhpbilliton.com                                                email: James.Agar@bhpbilliton.com

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email: Eleanor.Nichols@bhpbilliton.com                                            Tara Dines
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United Kingdom                                                                    email: Tara.Dines@bhpbilliton.com

Ruban Yogarajah                                                                   Americas
Tel: +44 20 7802 4033 Mobile: +44 7827 082 022
email: Ruban.Yogarajah@bhpbilliton.com                                            James Agar
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BHP Billiton Limited ABN 49 004 028 077                                           BHP Billiton Plc Registration number 3196209
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Registered Office: Level 16, 171 Collins Street                                   Registered Office: Neathouse Place
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(vii) Reported on the basis of IFRS 10 which requires the full consolidation of Escondida, as compared to the proportional consolidation of our
57.5 per cent equity interest which has been applied historically.


BHP Billiton operational review for the quarter ended 30 September 2013                                                                       11

BHP BILLITON PRODUCTION SUMMARY

                                                                    QUARTER ENDED                               YEAR TO DATE               % CHANGE
                                                                                                                                       SEP Q13  SEP Q13
                                                                 SEP           JUN           SEP             SEP              SEP        vs        vs
                                                                2012          2013          2013            2013             2012      SEP Q12  JUN Q13

Petroleum
Crude oil & condensate                 ('000 bbl)             18,036        18,559       20,421           20,421          18,036       13%         10%
Natural gas                            (bcf)                  232.85        214.49       219.66           219.66          232.85       -6%          2%
NGL                                    ('000 boe)              4,411         4,882        5,632            5,632           4,411       28%         15%
Total petroleum products               (million boe)            61.3          59.2         62.7             62.7            61.3        2%          6%

Copper
Copper                                 ('000 tonnes)           379.4         461.7        403.3            403.3           379.4        6%         -13%
Lead                                   (tonnes)               52,183        67,034       46,445           46,445          52,183      -11%         -31%
Zinc                                   (tonnes)               25,922        45,881       28,555           28,555          25,922       10%         -38%
Gold                                   (ounces)               39,968        56,070       45,045           45,045          39,968       13%         -20%
Silver                                 ('000 ounces)           9,446        11,602        8,688            8,688           9,446       -8%         -25%
Uranium oxide concentrate              (tonnes)                1,030         1,105          970              970           1,030       -6%         -12%
Molybdenum                             (tonnes)                  454           376          458              458             454        1%          22%

Iron Ore
Iron ore                               ('000 tonnes)          39,772        47,689       48,848           48,848          39,772       23%           2%

Coal
Metallurgical coal                     ('000 tonnes)           8,938        10,858       10,185           10,185           8,938       14%          -6%
Energy coal                            ('000 tonnes)          19,144        18,561       19,639           19,639          19,144        3%           6%

Aluminium, Manganese and Nickel
Alumina                         ('000 tonnes)                  1,170         1,265         1,251            1,251          1,170        7%          -1%
Aluminium                       ('000 tonnes)                    269           310           310              310            269       15%           0%
Manganese ore                   ('000 tonnes)                  2,146         2,246         2,046            2,046          2,146       -5%          -9%
Manganese alloy                 ('000 tonnes)                    130           182           137              137            130        5%         -25%
Nickel                          ('000 tonnes)                   37.0          40.3          40.4             40.4           37.0        9%           0%



Throughout this report figures in italics indicate that this figure has been adjusted since it was previously reported.




       BHP Billiton operational review for the quarter ended 30 September 2013                                                               Page 12

BHP BILLITON ATTRIBUTABLE PRODUCTION

                                                                                  QUARTER ENDED                        YEAR TO DATE
                                             BHP Billiton         SEP          DEC         MAR      JUN     SEP      SEP       SEP
                                              interest           2012         2012        2013     2013    2013     2013      2012

Petroleum
Production
  Crude oil and condensate ('000 bbl)                          18,036       19,228     16,689    18,559   20,421   20,421    18,036
  Natural gas (bcf)                                            232.85       219.66     207.27    214.49   219.66   219.66    232.85
  NGL ('000 boe) (a)                                            4,411        4,064      4,182     4,882    5,632    5,632     4,411
  Total petroleum products (million boe)                         61.3         59.9       55.4      59.2     62.7     62.7      61.3

Copper (b)
Copper
Payable metal in concentrate ('000 tonnes)
  Escondida (c)                                57.5%            176.0        209.9      222.6     223.0    205.1    205.1     176.0
  Antamina                                     33.8%             40.2         39.6       25.2      34.7     41.9     41.9      40.2
  Pinto Valley                                 100%                 -          0.5        5.3      10.8     10.9     10.9         -
  Total                                                         216.2        250.0      253.1     268.5    257.9    257.9     216.2

Cathode ('000 tonnes)
  Escondida (c)                                57.5%             72.3         71.0       75.3      79.3     73.2     73.2      72.3
  Pampa Norte (d)                              100%              52.7         58.8       56.4      64.7     43.5     43.5      52.7
  Pinto Valley                                 100%               1.2          1.2        1.2       1.3      0.8      0.8       1.2
  Olympic Dam                                  100%              37.0         33.6       47.7      47.9     27.9     27.9      37.0
  Total                                                         163.2        164.6      180.6     193.2    145.4    145.4     163.2
  Total Copper                                                  379.4        414.6      433.7     461.7    403.3    403.3     379.4

Lead
Payable metal in concentrate (tonnes)
  Cannington                                   100%            51,923       45,937     48,899    66,666   46,287   46,287    51,923
  Antamina                                     33.8%              260          198        181       368      158      158       260
  Total                                                        52,183       46,135     49,080    67,034   46,445   46,445    52,183

Zinc
Payable metal in concentrate (tonnes)
  Cannington                                   100%            11,408       13,622     11,045    20,206   16,033   16,033    11,408
  Antamina                                     33.8%           14,514       12,587     19,148    25,675   12,522   12,522    14,514
  Total                                                        25,922       26,209     30,193    45,881   28,555   28,555    25,922

Gold
Payable metal in concentrate (ounces)
  Escondida (c)                                57.5%           16,951       18,359     18,626    17,593   17,347   17,347    16,951
  Olympic Dam (refined gold)                   100%            23,017       24,215     27,531    38,477   27,649   27,649    23,017
  Pinto Valley                                 100%               -            -          -         -         49       49       -
  Total                                                        39,968       42,574     46,157    56,070   45,045   45,045    39,968

Silver
Payable metal in concentrate ('000 ounces)
   Escondida (c)                               57.5%              631          696        743       890      891      891       631
   Antamina                                    33.8%              919          934        802     1,297    1,205    1,205       919
   Cannington                                  100%             7,689        6,949      7,323     9,101    6,361    6,361     7,689
   Olympic Dam (refined silver)                100%               207          193        214       266      190      190       207
   Pinto Valley                                100%                 -            -         11        48       41       41         -
   Total                                                        9,446        8,772      9,093    11,602    8,688    8,688     9,446

Uranium Oxide Concentrate
Payable metal in concentrate (tonnes)
  Olympic Dam                                   100%            1,030        1,005       926      1,105      970      970     1,030
  Total                                                         1,030        1,005       926      1,105      970      970     1,030

Molybdenum
Payable metal in concentrate (tonnes)
  Antamina                                     33.8%              454            410     321       376       458      458       454
  Total                                                           454            410     321       376       458      458       454


  Refer footnotes on page 15.


       BHP Billiton operational review for the quarter ended 30 September 2013                                         Page 13

BHP BILLITON ATTRIBUTABLE PRODUCTION

                                                                                  QUARTER ENDED                     YEAR TO DATE
                                            BHP Billiton         SEP          DEC        MAR        JUN     SEP      SEP       SEP
                                             interest           2012         2012       2013       2013    2013     2013      2012

Iron Ore
Production ('000 tonnes) (e)
   Newman (f)                                  85%            11,752       12,809      13,028    15,408   15,362   15,362    11,752
   Goldsworthy Joint Venture                   85%               432          378         296         -      202      202       432
   Area C Joint Venture                        85%            10,937       10,245      10,983    12,552   11,814   11,814    10,937
   Yandi Joint Venture                         85%            13,771       15,954      13,302    17,027   18,146   18,146    13,771
   Jimblebar                                   85%                 -            -           -         -      595      595         -
   Samarco                                     50%             2,880        2,804       2,596     2,702    2,729    2,729     2,880
   Total                                                      39,772       42,190      40,205    47,689   48,848   48,848    39,772

Coal
Metallurgical Coal
Production ('000 tonnes) (g)
  BMA                                          50%             5,182        5,440       5,327     6,696    6,705    6,705     5,182
  BHP Mitsui Coal (h)                          80%             1,766        1,589       1,862     1,846    2,057    2,057     1,766
  Illawarra                                   100%             1,990        1,859       1,777     2,316    1,423    1,423     1,990
  Total                                                        8,938        8,888       8,966    10,858   10,185   10,185     8,938

Energy Coal
Production ('000 tonnes)
  South Africa (i)                             90%             8,454        7,969       7,302     7,902    7,937    7,937     8,454
  USA                                          100%            3,408        3,280       3,351     2,752    3,145    3,145     3,408
  Australia                                    100%            4,453        4,827       3,837     4,893    5,372    5,372     4,453
  Colombia                                     33%             2,829        2,662       1,512     3,014    3,185    3,185     2,829
  Total                                                       19,144       18,738      16,002    18,561   19,639   19,639    19,144

Aluminium, Manganese and Nickel
Alumina
Saleable production ('000 tonnes)
  Worsley                                      86%               859          944         911       961      946      946       859
  Alumar                                       36%               311          288         302       304      305      305       311
  Total                                                        1,170        1,232       1,213     1,265    1,251    1,251     1,170

Aluminium
Production ('000 tonnes)
  Hillside                                     100%              139            167      178       181       184      184       139
  Bayside                                      100%               24             24       24        24        24       24        24
  Alumar                                        40%               39             39       37        39        35       35        39
  Mozal                                         47%               67             67       64        66        67       67        67
  Total                                                          269            297      303       310       310      310       269

Manganese Ores
Saleable production ('000 tonnes)
  South Africa (j)                            44.4%              858          834         859       939      864      864       858
  Australia (j)                                60%             1,288        1,283       1,149     1,307    1,182    1,182     1,288
  Total                                                        2,146        2,117       2,008     2,246    2,046    2,046     2,146

Manganese Alloys
Saleable production ('000 tonnes)
  South Africa (j) (k)                         60%                93             91       86       104        86       86        93
  Australia (j)                                60%                37             62       57        78        51       51        37
  Total                                                          130            153      143       182       137      137       130

Nickel
Saleable production ('000 tonnes)
  Cerro Matoso                                99.9%             13.3            12.4     12.3      12.8     12.0     12.0       13.3
  Nickel West                                 100%              23.7            22.3     29.8      27.5     28.4     28.4       23.7
  Total                                                         37.0            34.7     42.1      40.3     40.4     40.4       37.0


  Refer footnotes on page 15.




      BHP Billiton operational review for the quarter ended 30 September 2013                                          Page 14

BHP BILLITON ATTRIBUTABLE PRODUCTION

 (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) Shown on 100% basis following the application of the new IFRS 10 which came into effect from 1 July 2013. BHP Billiton interest in
     saleable production is 57.5%.
 (d) Includes Cerro Colorado and Spence.
 (e) Iron ore production is reported on a wet tonnes basis.
 (f) Newman includes Mt Newman Joint Venture and Wheelarra.
 (g) Metallurgical coal production is reported on the basis of saleable product. Production figures include some thermal coal.
 (h) Shown on 100% basis. BHP Billiton interest in saleable production is 80%.
 (i) Shown on 100% basis. BHP Billiton interest in saleable production is 90%.
 (j) Shown on 100% basis. BHP Billiton interest in saleable production is 60%, except Hotazel Manganese Mines which is 44.4%.
 (k) Production includes Medium Carbon Ferro Manganese.




     BHP Billiton operational review for the quarter ended 30 September 2013                                                              Page 15

PRODUCTION AND SALES REPORT

                                                                                    QUARTER ENDED                                   YEAR TO DATE
                                                                   SEP         DEC          MAR         JUN         SEP            SEP        SEP
                                                                  2012        2012         2013        2013        2013           2013       2012

Petroleum
BHP Billiton attributable production unless otherwise stated.

Crude oil and condensate ('000 barrels)
  Bass Strait                                                    2,569        2,081       1,934        2,229       2,247           2,247      2,569
  North West Shelf                                               1,867        1,829       1,526        1,646       1,865           1,865      1,867
  Stybarrow                                                        534          464         323          401         348             348        534
  Pyrenees                                                       2,605        2,379       1,659        1,817       1,707           1,707      2,605
  Other Australia (a)                                               17           15          15           12          14              14         17
  Atlantis (b)                                                   1,554        2,376       1,471        2,594       2,953           2,953      1,554
  Mad Dog (b)                                                      369          906         791          649         732             732        369
  Shenzi (b)                                                     3,783        4,008       3,580        3,378       3,467           3,467      3,783
  Onshore US (c)                                                 2,358        2,658       3,071        3,614       5,044           5,044      2,358
  Trinidad/Tobago                                                  376          362         331          259         320             320        376
  Other Americas (b) (d)                                           367          410         384          403         378             378        367
  UK (e)                                                           260          355         326          282         142             142        260
  Algeria                                                        1,309        1,316       1,207        1,210       1,142           1,142      1,309
  Pakistan                                                          68           69          71           65          62              62         68
  Total                                                         18,036       19,228      16,689       18,559      20,421          20,421     18,036

Natural gas (billion cubic feet)
  Bass Strait                                                    40.06        26.67       23.38        33.63       34.20           34.20      40.06
  North West Shelf                                               35.33        34.09       31.29        30.29       34.18           34.18      35.33
  Other Australia (a)                                             6.20         5.48        5.17         4.54        9.32            9.32       6.20
  Atlantis (b)                                                    0.59         0.89        0.54         0.83        1.26            1.26       0.59
  Mad Dog (b)                                                     0.06         0.18        0.15         0.05        0.11            0.11       0.06
  Shenzi (b)                                                      2.11         0.94        0.81         0.78        0.80            0.80       2.11
  Onshore US (c)                                                122.59       123.03      115.69       118.08      114.89          114.89     122.59
  Trinidad/Tobago                                                 9.21         9.15        8.84         9.07        9.90            9.90       9.21
  Other Americas (b) (d)                                          0.35         0.48        0.59         0.29        0.27            0.27       0.35
  UK (e)                                                          3.29         5.26        6.44         4.09        3.47            3.47       3.29
  Pakistan                                                       13.06        13.49       14.37        12.84       11.26           11.26      13.06
  Total                                                         232.85       219.66      207.27       214.49      219.66          219.66     232.85

NGL ('000 barrels of oil equivalent)
 Bass Strait                                                     2,053        1,342       1,405        1,753        2,001          2,001      2,053
 North West Shelf                                                  385          354         323          312          399            399        385
 Atlantis (b)                                                       54          209          96          200          255            255         54
 Mad Dog (b)                                                        16           72          55            -           38             38         16
 Shenzi (b)                                                        370          324         269          224          266            266        370
 Onshore US (c)                                                  1,516        1,736       2,004        2,375        2,656          2,656      1,516
 Other Americas (b) (d)                                             17           16          13            9           11             11         17
 UK (e)                                                              -           11          17            9            6              6          -
 Total                                                           4,411        4,064       4,182        4,882        5,632          5,632       4,411

Total Petroleum Products                                          61.3            59.9     55.4         59.2         62.7            62.7       61.3
(million barrels of oil equivalent) (f)



  (a) Other Australia includes Minerva and Macedon. Macedon achieved first production in August 2013.
  (b) Gulf of Mexico volumes are net of royalties.
  (c) Onshore US volumes are net of mineral holder royalties.
  (d) Other Americas includes Neptune, Genesis and Overriding Royalty Interest.
  (e) An agreement to sell Liverpool Bay was reached in October 2013 and the transaction is expected to close before the end of the 2014
      financial year.
  (f) Total barrels of oil equivalent (boe) conversions are based on 6,000 scf of natural gas equals 1 boe.



        BHP Billiton operational review for the quarter ended 30 September 2013                                                        Page 16

PRODUCTION AND SALES REPORT

                                                                                    QUARTER ENDED                                        YEAR TO DATE
                                                                   SEP          DEC         MAR           JUN          SEP              SEP        SEP
                                                                  2012         2012        2013          2013         2013             2013       2012

Copper
BHP Billiton attributable production and sales unless otherwise stated. Metals production is payable metal unless otherwise stated.

Escondida, Chile (a)
  Material mined                            ('000 tonnes)      102,499        96,938       94,567       98,665       93,744           93,744    102,499
  Sulphide ore milled                       ('000 tonnes)       16,850        18,796       18,964       19,295       18,276           18,276     16,850
  Average copper grade                      (%)                  1.35%         1.39%        1.44%        1.42%        1.37%            1.37%      1.35%
  Production ex mill                        ('000 tonnes)        185.2         216.6        229.3        231.9        210.6            210.6      185.2

  Production
  Payable copper                            ('000 tonnes)         176.0        209.9        222.6        223.0        205.1            205.1      176.0
  Payable gold concentrate                  (fine ounces)        16,951       18,359       18,626       17,593       17,347           17,347     16,951
  Copper cathode (EW)                       ('000 tonnes)          72.3         71.0         75.3         79.3         73.2             73.2       72.3
  Payable silver concentrate                ('000 ounces)           631          696          743          890          891              891        631

  Sales
  Payable copper                            ('000 tonnes)         165.6        226.6        215.8        228.2        192.3            192.3      165.6
  Payable gold concentrate                  (fine ounces)        15,650       19,235       18,325       15,831       12,490           12,490     15,650
  Copper cathode (EW)                       ('000 tonnes)          67.5         81.4         59.1         95.0         63.0             63.0       67.5
  Payable silver concentrate                ('000 ounces)           563          772          720          908          836              836        563

  (a) Shown on 100% basis following the application of the new IFRS 10 which came into effect from 1 July 2013. BHP Billiton interest in
      saleable production is 57.5%.

Pampa Norte, Chile
  Cerro Colorado
  Material mined                            ('000 tonnes)        16,067       15,722       14,964       16,303       15,771           15,771     16,067
  Ore milled                                ('000 tonnes)         4,505        4,206        4,350        4,351        4,161            4,161      4,505
  Average copper grade                      (%)                   0.55%        0.66%        0.65%        0.82%        0.78%            0.78%      0.55%

  Production
  Copper cathode (EW)                       ('000 tonnes)          17.8          17.9         14.6         21.2         17.6            17.6       17.8

  Sales
  Copper cathode (EW)                       ('000 tonnes)          16.1          18.8         13.7         21.7         17.3            17.3       16.1



  Spence
  Material mined                            ('000 tonnes)        27,541       25,999       28,861       28,646       24,331           24,331     27,541
  Ore milled                                ('000 tonnes)         3,752        4,161        4,041        4,146        4,860            4,860      3,752
  Average copper grade                      (%)                   1.17%        1.29%        1.38%        1.16%        1.11%            1.11%      1.17%

  Production
  Copper cathode (EW)                       ('000 tonnes)          34.9          40.9         41.8         43.5         25.9            25.9       34.9

  Sales
  Copper cathode (EW)                       ('000 tonnes)          31.1          42.6         29.8         57.9         25.9            25.9       31.1




       BHP Billiton operational review for the quarter ended 30 September 2013                                                             Page 17

PRODUCTION AND SALES REPORT

                                                                                    QUARTER ENDED                                         YEAR TO DATE
                                                                SEP             DEC         MAR           JUN           SEP              SEP        SEP
                                                                2012           2012        2013          2013          2013             2013       2012

Copper
BHP Billiton attributable production and sales unless otherwise stated. Metals production is payable metal unless otherwise stated.

Antamina, Peru
  Material mined (100%)                     ('000 tonnes)       54,482        49,246       48,032       56,254       56,428           56,428    54,482
  Sulphide ore milled (100%)                ('000 tonnes)       12,274        11,752       10,330       12,424       11,765           11,765    12,274
  Average head grades
  - Copper                                  (%)                   1.15%        1.16%        0.88%        1.03%         1.21%           1.21%     1.15%
  - Zinc                                    (%)                   0.66%        0.64%        0.93%        1.02%         0.56%           0.56%     0.66%

  Production
  Payable copper                            ('000 tonnes)          40.2         39.6         25.2         34.7         41.9             41.9      40.2
  Payable zinc                              (tonnes)             14,514       12,587       19,148       25,675       12,522           12,522    14,514
  Payable silver                            ('000 ounces)           919          934          802        1,297        1,205            1,205       919
  Payable lead                              (tonnes)                260          198          181          368          158              158       260
  Payable molybdenum                        (tonnes)                454          410          321          376          458              458       454

  Sales
  Payable copper                            ('000 tonnes)         39.7          42.7         24.1         31.9         41.3             41.3      39.7
  Payable zinc                              (tonnes)            15,519        17,874       16,062       22,560       16,123           16,123    15,519
  Payable silver                            ('000 ounces)          849         1,101          772        1,165        1,503            1,503       849
  Payable lead                              (tonnes)               330           276          115          262          297              297       330
  Payable molybdenum                        (tonnes)               536           381          371          283          411              411       536

Cannington, Australia
  Material mined                            ('000 tonnes)           717          817          810          802           893             893       717
  Ore milled                                ('000 tonnes)           773          793          713          866           750             750       773
  Average head grades
  - Silver                                  (g/t)                  355            317         364           401         315             315        355
  - Lead                                    (%)                    7.6%          7.0%        7.7%          9.1%         7.4%            7.4%      7.6%
  - Zinc                                    (%)                    2.5%          2.9%        2.7%          3.8%         3.2%            3.2%      2.5%

  Production
  Payable silver                            ('000 ounces)        7,689         6,949        7,323        9,101        6,361            6,361     7,689
  Payable lead                              (tonnes)            51,923        45,937       48,899       66,666       46,287           46,287    51,923
  Payable zinc                              (tonnes)            11,408        13,622       11,045       20,206       16,033           16,033    11,408

  Sales
  Payable silver                            ('000 ounces)         8,506        6,694        7,265        7,793        7,844            7,844     8,506
  Payable lead                              (tonnes)             59,042       46,319       48,661       64,633       56,500           56,500    59,042
  Payable zinc                              (tonnes)             10,379       16,321        9,439       21,056       17,286           17,286    10,379




       BHP Billiton operational review for the quarter ended 30 September 2013                                                            Page 18

PRODUCTION AND SALES REPORT

                                                                                    QUARTER ENDED                                      YEAR TO DATE
                                                                     SEP          DEC         MAR         JUN            SEP              SEP        SEP
                                                                    2012         2012        2013        2013           2013             2013       2012

Copper
BHP Billiton attributable production and sales unless otherwise stated. Metals production is payable metal unless otherwise stated.

Olympic Dam, Australia
  Material mined (a)                        ('000 tonnes)           2,226      2,123        2,448        2,750         2,897           2,897        2,226
  Ore milled                                ('000 tonnes)           2,471      2,435        2,353        2,641         2,404           2,404        2,471
  Average copper grade                      (%)                     1.90%      1.71%        1.73%        1.86%         1.85%           1.85%        1.90%
  Average uranium grade                     (kg/t)                   0.54       0.51         0.50         0.56          0.53            0.53         0.54

  Production
  Copper cathode (ER)                       ('000 tonnes)         34.0          30.4         44.7         45.1         25.9             25.9         34.0
  Copper cathode (EW)                       ('000 tonnes)           3.0          3.2           3.0         2.8          2.0              2.0          3.0
  Uranium oxide concentrate                 (tonnes)             1,030         1,005          926        1,105          970              970        1,030
  Refined gold                              (fine ounces)       23,017        24,215       27,531       38,477       27,649           27,649       23,017
  Refined silver                            ('000 ounces)          207           193          214          266          190              190          207



  Sales
  Copper cathode (ER)                       ('000 tonnes)          35.1         33.2         40.1         46.4         26.8             26.8         35.1
  Copper cathode (EW)                       ('000 tonnes)           3.4          2.7          3.1          3.5          2.1              2.1          3.4
  Uranium oxide concentrate                 (tonnes)                615        1,343          816        1,374          930              930          615
  Refined gold                              (fine ounces)        20,949       25,227       24,678       38,394       21,675           21,675       20,949
  Refined silver                            ('000 ounces)           265          169          211          275          176              176          265

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

Pinto Valley, US (a)
  Production
  Payable copper                            ('000 tonnes)              -          0.5          5.3         10.8         10.9            10.9           -
  Copper cathode (EW)                       ('000 tonnes)            1.2          1.2          1.2          1.3          0.8             0.8         1.2
  Payable silver                            ('000 ounces)              -            -          11           48           41              41            -
  Payable gold                              (ounces)                   -            -            -            -          49              49            -

  Sales
  Payable copper                            ('000 tonnes)              -            -          2.6          9.9          7.3             7.3           -
  Copper cathode (EW)                       ('000 tonnes)            1.2          1.2          1.1          1.4          1.1             1.1         1.2
  Payable silver                            ('000 ounces)              -            -           11           48           41              41           -
  Payable gold                              (ounces)                   -            -            -            -           49              49           -

  (a) On 11 October 2013 BHP Billiton completed the sale of its Pinto Valley operations.




       BHP Billiton operational review for the quarter ended 30 September 2013                                                            Page 19

PRODUCTION AND SALES REPORT

                                                                                  QUARTER ENDED                     YEAR TO DATE
                                                                SEP        DEC         MAR      JUN       SEP      SEP       SEP
                                                                2012       2012        2013     2013      2013     2013      2012

Iron Ore
BHP Billiton attributable production and sales unless otherwise stated.
('000 tonnes)

Iron Ore
Pilbara, Australia
   Production (a)
   Newman (b)                                                    11,752     12,809     13,028    15,408   15,362   15,362    11,752
   Goldsworthy Joint Venture                                        432        378        296         -      202      202       432
   Area C Joint Venture                                          10,937     10,245     10,983    12,552   11,814   11,814    10,937
   Yandi Joint Venture                                           13,771     15,954     13,302    17,027   18,146   18,146    13,771
   Jimblebar                                                          -          -          -         -      595      595         -
   Total (BHP Billiton share)                                    36,892     39,386     37,609    44,987   46,119   46,119    36,892
   Total production (100%)                                       43,403     46,337     44,245    52,926   54,258   54,258    43,403

  Sales
  Lump                                                            8,338      9,806      9,339    11,284   10,292   10,292     8,338
  Fines                                                          28,718     30,479     28,370    34,621   35,235   35,235    28,718
  Total (BHP Billiton share)                                     37,056     40,285     37,709    45,905   45,527   45,527    37,056
  Total sales (100%)                                             43,595     47,393     44,363    54,006   53,561   53,561    43,595

  (a) Iron ore production and sales are reported on a wet tonnes basis.
  (b) Newman includes Mt Newman Joint Venture and Wheelarra.

Samarco, Brazil
  Production (a)                                                   2,880     2,804      2,596     2,702    2,729    2,729     2,880

  Sales                                                            2,622     3,227      2,515     2,651    2,676    2,676     2,622

  (a) Iron ore production and sales are reported on a wet tonnes basis.




       BHP Billiton operational review for the quarter ended 30 September 2013                                         Page 20

PRODUCTION AND SALES REPORT

                                                                                    QUARTER ENDED                                   YEAR TO DATE
                                                                    SEP          DEC         MAR          JUN            SEP           SEP       SEP
                                                                   2012         2012        2013         2013           2013          2013      2012

Coal
BHP Billiton attributable production and sales unless otherwise stated.
('000 tonnes)

Metallurgical Coal
Queensland, Australia
  Production (a)
  BMA
  Blackwater                                                       1,148       1,588         1,157        1,539         1,691       1,691        1,148
  Goonyella                                                        1,535       1,392         1,478        1,816         1,737       1,737        1,535
  Peak Downs                                                       1,029       1,151         1,225        1,140         1,112       1,112        1,029
  Saraji                                                             773         994           711          971         1,197       1,197          773
  Gregory Joint Venture (b)                                          697         315           657          854           464         464          697
  Daunia                                                               -           -            99          376           504         504            -
  BMA total                                                        5,182       5,440         5,327        6,696         6,705       6,705        5,182



  BHP Mitsui Coal (c)
  South Walker Creek                                               1,084         864         1,188        1,215         1,298       1,298        1,084
  Poitrel                                                            682         725           674          631           759         759          682
  BHP Mitsui Coal total                                            1,766       1,589         1,862        1,846         2,057       2,057        1,766
  Queensland total                                                 6,948       7,029         7,189        8,542         8,762       8,762        6,948

  Sales
  Coking coal                                                      4,058       5,561         4,933        6,316         6,123       6,123        4,058
  Weak coking coal                                                 1,545       1,820         2,029        2,417         2,397       2,397        1,545
  Thermal coal                                                       239         237            75           30           160         160          239
  Total                                                            5,842       7,618         7,037        8,763         8,680       8,680        5,842

  (a) Metallurgical coal production is reported on the basis of saleable product. Production figures include some thermal coal.
  (b) Gregory open-cut ceased production on 10 October 2012.
  (c) Shown on 100% basis. BHP Billiton interest in saleable production is 80%.

Illawarra, Australia
   Production (a)                                                  1,990       1,859         1,777        2,316         1,423       1,423        1,990

  Sales
  Coking coal                                                      1,775       1,785         1,595        1,877         1,084       1,084        1,775
  Thermal coal                                                       502         327           145          436           359         359          502
  Total                                                            2,277       2,112         1,740        2,313         1,443       1,443        2,277

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




       BHP Billiton operational review for the quarter ended 30 September 2013                                                         Page 21

PRODUCTION AND SALES REPORT

                                                                                  QUARTER ENDED                    YEAR TO DATE
                                                                    SEP        DEC       MAR      JUN      SEP      SEP         SEP
                                                                   2012       2012      2013     2013     2013     2013        2012

Coal
BHP Billiton attributable production and sales unless otherwise stated.
('000 tonnes)

Energy Coal
South Africa (a)
  Production                                                       8,454     7,969      7,302    7,902    7,937    7,937        8,454

  Sales
  Export                                                           3,385     3,583      3,604    3,363    2,504    2,504        3,385
  Local utility                                                    4,869     4,615      4,171    4,353    4,543    4,543        4,869
  Inland                                                              38        28         32       24        -        -           38
  Total                                                            8,292     8,226      7,807    7,740    7,047    7,047        8,292

  (a) Shown on 100% basis. BHP Billiton interest in saleable production is 90%.

New Mexico, US
  Production
  Navajo Coal                                                      1,943     2,012      1,944    1,569    1,670    1,670        1,943
  San Juan Coal                                                    1,465     1,268      1,407    1,183    1,475    1,475        1,465
  Total                                                            3,408     3,280      3,351    2,752    3,145    3,145        3,408

  Sales - local utility                                            3,420     3,265      3,275    2,815    3,129    3,129        3,420

NSW Energy Coal, Australia
  Production                                                       4,453     4,827      3,837    4,893    5,372    5,372        4,453

  Sales
  Export                                                           4,488     4,187      4,505    4,289    4,037    4,037        4,488
  Inland                                                             250       265        174      478      446      446          250
  Total                                                            4,738     4,452      4,679    4,767    4,483    4,483        4,738

Cerrejon Coal, Colombia
  Production                                                       2,829     2,662      1,512    3,014    3,185    3,185        2,829

  Sales - export                                                   2,630     2,702      1,774    3,157    3,155    3,155        2,630




       BHP Billiton operational review for the quarter ended 30 September 2013                                        Page 22

PRODUCTION AND SALES REPORT

                                                                                  QUARTER ENDED                                   YEAR TO DATE
                                                                    SEP        DEC       MAR          JUN          SEP             SEP          SEP
                                                                   2012       2012      2013         2013         2013             2013        2012

Aluminium, Manganese and Nickel
BHP Billiton attributable production and sales unless otherwise stated.
('000 tonnes)

Alumina
  Saleable production
  Worsley, Australia                                                 859       944        911          961         946              946          859
  Alumar, Brazil                                                     311       288        302          304         305              305          311
  Total                                                            1,170     1,232      1,213        1,265       1,251            1,251        1,170

  Sales
  Worsley, Australia                                                 820       916        910        1,031         897              897          820
  Alumar, Brazil                                                     352       298        296          329         278              278          352
  Total                                                            1,172     1,214      1,206        1,360       1,175            1,175        1,172

Aluminium
  Production
  Hillside, South Africa                                             139         167      178         181          184              184         139
  Bayside, South Africa                                               24          24       24          24           24               24          24
  Alumar, Brazil                                                      39          39       37          39           35               35          39
  Mozal, Mozambique                                                   67          67       64          66           67               67          67
  Total                                                              269         297      303         310          310              310         269

  Sales
  Hillside, South Africa                                             139         171      166         191          180              180         139
  Bayside, South Africa                                               26          26       27          26           24               24          26
  Alumar, Brazil                                                      46          41       39          38           34               34          46
  Mozal, Mozambique                                                   58          65       76          65           68               68          58
  Total                                                              269         303      308         320          306              306         269

Manganese ore
 Saleable production
 South Africa (a)                                                    858       834        859          939         864              864          858
 Australia (a)                                                     1,288     1,283      1,149        1,307       1,182            1,182        1,288
 Total                                                             2,146     2,117      2,008        2,246       2,046            2,046        2,146

  Sales
  South Africa (a)                                                   878       808        835          970         920              920          878
  Australia (a)                                                    1,171       979      1,326        1,102       1,078            1,078        1,171
  Total                                                            2,049     1,787      2,161        2,072       1,998            1,998        2,049

Manganese alloy
 Saleable production
 South Africa (a) (b)                                                 93          91       86         104           86               86          93
 Australia (a)                                                        37          62       57          78           51               51          37
 Total                                                               130         153      143         182          137              137         130

  Sales
  South Africa (a) (b)                                                74         112       89         110           88               88          74
  Australia (a)                                                       46          52       68          61           54               54          46
  Total                                                              120         164      157         171          142              142         120



  (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.




       BHP Billiton operational review for the quarter ended 30 September 2013                                                       Page 23

PRODUCTION AND SALES REPORT

                                                                                   QUARTER ENDED                    YEAR TO DATE
                                                                    SEP          DEC      MAR      JUN      SEP      SEP         SEP
                                                                   2012         2012     2013     2013     2013     2013        2012

Aluminium, Manganese and Nickel
BHP Billiton attributable production and sales unless otherwise stated.
('000 tonnes)

Nickel
Cerro Matoso, Colombia
  Production                                                        13.3         12.4     12.3     12.8     12.0     12.0        13.3

  Sales                                                             12.3         13.7     13.0     13.1     12.6     12.6        12.3

Nickel West, Australia
  Saleable production
  Nickel contained in concentrate                                    1.3          4.1      3.1      3.0      3.4      3.4         1.3
  Nickel contained in finished matte                                 5.8          7.6      9.7      8.6      8.8      8.8         5.8
  Nickel metal                                                      16.6         10.6     17.0     15.9     16.2     16.2        16.6
  Nickel production                                                 23.7         22.3     29.8     27.5     28.4     28.4        23.7

  Sales
  Nickel contained in concentrate                                    1.6          2.9      3.1      3.0      2.7      2.7         1.6
  Nickel contained in finished matte                                 6.7          7.0      9.0      9.7      7.8      7.8         6.7
  Nickel metal                                                      14.2         12.8     19.5     17.7     15.3     15.3        14.2
  Nickel sales                                                      22.5         22.7     31.6     30.4     25.8     25.8        22.5




       BHP Billiton operational review for the quarter ended 30 September 2013                                         Page 24

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