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BHP BILLITON PLC - AJM Conference Presentation

Release Date: 11/03/2014 07:05
Code(s): BIL     PDF:  
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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)

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