AJM Conference Presentation BHP Billiton Limited BHP Billiton Plc 171 Collins Street Neathouse Place Melbourne Victoria 3000 Australia London SW1V 1BH UK GPO BOX 86 Tel +44 20 7802 4000 Melbourne Victoria 3001 Australia Fax + 44 20 7802 4111 Tel +61 1300 55 47 57 Fax +61 3 9609 3015 bhpbilliton.com bhpbilliton.com 11 March 2014 To: Australian Securities Exchange cc: New York Stock Exchange London Stock Exchange JSE Limited AUSTRALIAN JOURNAL OF MINING GLOBAL IRON ORE AND STEEL FORECAST CONFERENCE BHP Billiton President, Iron Ore, Jimmy Wilson, will present at the Australian Journal of Mining Global Iron Ore and Steel Forecast Conference, in Perth, Western Australia today. A copy of the presentation can be found at http://www.bhpbilliton.com/home/investors/reports/Documents/2014/140311_AustralianJourn alofMiningConference.pdf Further information on BHP Billiton can be found at: www.bhpbilliton.com. Nicole Duncan Company Secretary Sponsor: Absa Bank Limited (acting through its Corporate and Investment Banking Division) BHP Billiton Limited ABN 49 004 028 077 BHP Billiton Plc Registration number 3196209 Registered in Australia Registered in England and Wales Registered Office: 171 Collins Street, Melbourne, Victoria 3000 Registered Office: Neathouse Place, London SW1V 1BH United Kingdom The BHP Billiton Group is headquartered in Australia NEWS RELEASE Release Time IMMEDIATE Date 11 March 2014 BHP BILLITON IRON ORE DELIVERING SIGNIFICANT VALUE BHP Billiton today outlined how its focus on productivity and capital efficient debottlenecking in its iron ore business is delivering value. Speaking at the AJM Global Iron Ore and Steel Forecast conference, BHP Billiton Iron Ore President Jimmy Wilson, reiterated the Company’s view of the iron ore market and its Western Australia Iron Ore business. “Our market outlook is for continued strong steel demand growth over the next 10 years. Our view that Chinese crude steel production is expected to peak at 1.1 billion tonnes, around 2025, is unchanged. We remain confident that global demand for iron ore will continue to grow, though at a more moderate rate, driven by urbanisation and industrialisation,” he said. “BHP Billiton will retain a favourable position on the iron ore cost curve underpinned by the quality of our resource base. These resources further position us to benefit from an increasing market preference for high quality lump and fines iron ore products.” Mr Wilson also reiterated the Company’s productivity agenda was underway and delivering significant value. “Our journey to deliver sustainable productivity benefits has encompassed a full review of the supply chain across mines, rail and port. Our initial focus on equipment availability, utilisation and operating rate was followed by low-cost debottlenecking initiatives. “Across our mines we have realised significant productivity improvements that have resulted in increased shovel, truck and ore handling plant availability and utilisation. Where appropriate, we have also installed relocatable crushers to increase high margin volumes.” Over the longer term, BHP Billiton has a low-cost option to expand Jimblebar production to 55 million tonnes per annum (mtpa), as well as debottlenecking of the supply chain, to deliver capital efficient growth towards 270 mtpa (100 per cent basis). “Our Iron Ore business is well positioned to deliver high margin volume growth at a lower cost without the need for an additional mining hub or major port and rail infrastructure,” Mr Wilson said. Further information on BHP Billiton can be found at: www.bhpbilliton.com. Media Relations Investor Relations Australia Australia Emily Perry Tara Dines Tel: +61 3 9609 2800 Mobile: +61 477 325 803 Tel: +61 3 9609 2222 Mobile: +61 499 249 005 email: Emily.Perry@bhpbilliton.com email: Tara.Dines@bhpbilliton.com Fiona Hadley Jodie Phillips Tel: +61 3 9609 2211 Mobile: +61 427 777 908 Tel: +61 3 9609 2069 Mobile: +61 418 710 516 email: Fiona.Hadley@bhpbilliton.com email: Jodie.Phillips@bhpbilliton.com Eleanor Nichols United Kingdom and South Africa Tel: +61 3 9609 2360 Mobile: +61 407 064 748 email: Eleanor.Nichols@bhpbilliton.com Jonathan Price Tel: +44 20 7802 4131 Mobile: +44 7990 527 726 United Kingdom email: Jonathan.H.Price@bhpbilliton.com Ruban Yogarajah Dean Simon Tel: +44 20 7802 4033 Mobile: +44 7827 082 022 Tel: +44 20 7802 7461 Mobile: +44 7717 511 193 email: Ruban.Yogarajah@bhpbilliton.com email: Dean.Simon@bhpbilliton.com Jennifer White Americas Tel: +44 20 7802 7462 Mobile: +44 7827 253 764 email: Jennifer.White@bhpbilliton.com James Agar Tel: +1 212 310 1421 Mobile: +1 347 882 3011 Americas email: James.Agar@bhpbilliton.com Ruban Yogarajah Joseph Suarez Tel: +44 20 7802 4033 Mobile: +44 7827 082 022 Tel: +1 212 310 1422 Mobile: +1 646 400 3803 email: Ruban.Yogarajah@bhpbilliton.com email: Joseph.Suarez@bhpbilliton.com BHP Billiton Limited ABN 49 004 028 077 BHP Billiton Plc Registration number 3196209 Registered in Australia Registered in England and Wales Registered Office: Level 16, 171 Collins Street Registered Office: Neathouse Place Melbourne Victoria 3000 Australia London SW1V 1LH United Kingdom Tel +61 1300 55 4757 Fax +61 3 9609 3015 Tel +44 20 7802 4000 Fax +44 20 7802 4111 Members of the BHP Billiton Group which is headquartered in Australia Sponsor: Absa Bank Limited (acting through its Corporate and Investment Banking Division) Date: 11/03/2014 07:05:00 Produced by the JSE SENS Department. 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