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BHP BILLITON PLC - BHP Billiton Operational Review for the Quarter Ended 30 September 2014

Release Date: 22/10/2014 07:05
Code(s): BIL     PDF:  
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BHP Billiton Operational Review for the Quarter Ended 30 September 2014

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



NEWS RELEASE
Release Time     IMMEDIATE
Date             22 October 2014
Number           19/14

    BHP BILLITON OPERATIONAL REVIEW FOR THE QUARTER ENDED 30 SEPTEMBER 2014

- Group production increased by 9% during the period with records achieved for eight operations and four commodities.
- Production guidance remains unchanged and we are on track to deliver Group production growth of
  16% over the two years to the end of the 2015 financial year.
- Metallurgical coal production increased by 25% to 13 Mt as Queensland Coal achieved record
  quarterly production and sales volumes.
- Western Australia Iron Ore production increased by 15% to a quarterly record of 62 Mt (100% basis)
  as the ramp-up of Jimblebar continued ahead of schedule and we improved the availability, utilisation
  and rate of our integrated supply chain.
- Petroleum production increased by 7% to 67.4 MMboe as Onshore US liquids volumes rose by 49%
  to a record 11.5 MMboe.
- Total copper production(1) decreased by 1% to 389 kt as lower ore grades, a power outage
  throughout Northern Chile and industrial action offset strong underlying operating performance at
  Escondida.
BHP Billiton Chief Executive Officer, Andrew Mackenzie, said: “Robust operating performance across
our diversified portfolio in the September 2014 quarter delivered a nine per cent increase in
production(2) with records achieved for eight operations and four commodities. With production guidance
maintained across all operations and businesses, we remain on track to generate Group production(2)
growth of 16 per cent over the two years to the end of the 2015 financial year.

“Our relentless focus on productivity continues to yield strong results. At Western Australia Iron Ore, we
have completed our major supply chain investments and, for the first time in a decade, we have no major
projects in execution. With our focus now on maximising the value of existing infrastructure, we plan to
reduce costs and invest judiciously in very low capital cost debottlenecking initiatives. These plans are
expected to increase total supply chain capacity to 290 Mtpa(3) by the end of the 2017 financial year and
reduce unit costs(4) by at least 25 per cent to less than US$20 per tonne(5). When combined with other
initiatives across our portfolio we are very well positioned to reduce cash costs(6) by more than US$2.3
billion and deliver volume-related productivity gains(6) of at least US$1.2 billion by the end of the 2017
financial year.”

Note: Unless specified otherwise: variance analysis relates to the relative performance of BHP Billiton
and/or its operations during the September 2014 quarter compared with the September 2013 quarter;
production volumes, sales volumes and capital and exploration expenditure from subsidiaries (which
include Escondida, Jimblebar, BHP Billiton Mitsui Coal and our manganese operations) are reported on
a 100 per cent basis; production volumes, sales volumes and capital and exploration expenditure from
equity accounted investments (which include Antamina, Samarco and Cerrejón) and other operations
are reported on a proportionate consolidation basis. Abbreviations referenced in this report are explained
on page 11.

Summary
Operational performance
                                                                      SEP            SEP Q14          SEP Q14
                                                                     2014                 vs               vs
Production summary                                                    QTR            SEP Q13          JUN Q14
Total petroleum production (MMboe)                                   67.4                 7%               4%
Copper (kt)                                                         389.4                (3%)            (17%)
Iron ore (kt)                                                      57,091                17%               1%
Metallurgical coal (kt)                                            12,769                25%               7%
Energy coal (kt)                                                   17,837                (9%)             (3%)
Alumina (kt)                                                        1,235                (1%)             (7%)
Aluminium (kt)                                                        261               (16%)             (5%)
Manganese ores (kt)                                                 2,259                10%               0%
Manganese alloys (kt)                                                 171                25%              (6%)
Nickel (kt)                                                          35.7               (12%)             16%

Robust operating performance across our diversified portfolio in the September 2014 quarter delivered a
nine per cent increase in production(2) with records achieved across eight operations and four
commodities. Group production(2) growth of 16 per cent is expected over the two years to the end of the
2015 financial year.

Metallurgical coal production increased by 25 per cent in the September 2014 quarter to 13 Mt as
Queensland Coal achieved record production and sales volumes. The new Caval Ridge mine operated
at capacity during the period while the Daunia and South Walker Creek mines also produced at a record
rate. Total metallurgical coal production is forecast to increase by four per cent in the 2015 financial year
to 47 Mt, consistent with prior guidance.

Western Australia Iron Ore (WAIO) achieved record production of 62 Mt (100 per cent basis) as the
ramp-up of Jimblebar continued ahead of schedule and we improved the availability, utilisation and rate
of our integrated supply chain. WAIO production guidance for the 2015 financial year remains
unchanged at 245 Mt (100 per cent basis) while Samarco production is expected to grow by 29 per cent
to 28 Mt (100 per cent basis).

Petroleum production increased by seven per cent in the September 2014 quarter to 67.4 MMboe as
Onshore US liquids volumes rose by 49 per cent to a record 11.5 MMboe. Guidance for the 2015
financial year remains unchanged at 255 MMboe with strong performance at Onshore US expected to
underpin a 16 MMboe increase in total liquids production.

Escondida copper production decreased by three per cent in the September 2014 quarter to 269 kt as
strong operating performance was offset by a 12 per cent decline in ore grades, industrial activity and a
power outage throughout Northern Chile. The temporary reduction in ore grades was anticipated,
ensuring production guidance for Escondida remains unchanged at 1.27 Mt of copper for the 2015
financial year. Total copper production(1) is forecast to increase by five per cent to 1.8 Mt, consistent
with prior guidance. A US$361 million increase in the budget of Escondida Organic Growth Project 1 to
US$4.2 billion was approved during the period. The project remains on schedule for completion in the
first half of the 2015 calendar year.

Energy coal production decreased by nine per cent in the September 2014 quarter to 18 Mt as adverse
weather constrained production at both Cerrejón and New South Wales Energy Coal. Total energy coal
production of 73 Mt is expected for the 2015 financial year, consistent with prior guidance.

Production guidance for the 2015 financial year is summarised in the table below.

Production guidance                                                           FY14(1)       FY15e   % change
Petroleum (MMboe)                                                                243          255         5%
Copper (Mt)                                                                      1.7          1.8         5%
Iron ore (Mt)                                                                    204          225        11%
Metallurgical coal (Mt)                                                           45           47         4%
Energy coal (Mt)                                                                  73           73          -


Corporate update

On 16 October 2014, BHP Billiton confirmed that it will pursue a Standard listing on the UK Listing
Authority’s Official List and admission to trading on the London Stock Exchange for the new company it
plans to create via demerger. This is in addition to the proposed primary listing on the Australian
Securities Exchange and secondary inward listing on the Johannesburg Stock Exchange. The Group
continues to work towards completion of the demerger in the first half of the 2015 calendar year, subject
to receipt of the necessary third party, Board and shareholder approvals.

On 2 September 2014, legislation to repeal the Minerals Resource Rent Tax (MRRT) in Australia
received the support of both Houses of Parliament. The MRRT was applicable until 30 September
2014. At 30 June 2014, the Group carried a MRRT deferred tax asset (net of income tax
consequences) of US$698 million. An income tax charge approximating this amount is expected to be
recognised as an exceptional item in the 2015 financial year and the adjusted effective tax rate
guidance(7) of 30 per cent to 34 per cent for the period remains unchanged.

On 15 August 2014, the Group redeemed all outstanding Petrohawk Energy Corporation 7.25 per cent
Senior Notes due August 2018 and 6.25 per cent Senior Notes due June 2019 at the applicable call
prices. The aggregate principal value of the notes redeemed was approximately US$1.8 billion.

Petroleum and Potash

Production
                                                                    SEP           SEP Q14         SEP Q14
                                                                   2014                vs              vs
                                                                    QTR           SEP Q13         JUN Q14
Crude oil, condensate and natural gas liquids (MMboe)              30.9               19%              7%
Natural gas (bcf)                                                 218.9                0%              2%
Total petroleum products (MMboe)                                   67.4                7%              4%

Total petroleum production – Total petroleum production increased by seven per cent in the
September 2014 quarter to 67.4 MMboe. Guidance for the 2015 financial year remains unchanged at
255 MMboe as strong performance at Onshore US is expected to underpin a 16 MMboe increase in total
liquids production. Total conventional volumes for the 2015 financial year are forecast to remain broadly
unchanged, consistent with prior guidance.

Crude oil, condensate and natural gas liquids – Crude oil, condensate and natural gas liquids
production increased by 19 per cent in the September 2014 quarter to a record 30.9 MMboe.

Onshore US liquids volumes rose by 49 per cent in the September 2014 quarter to a record 11.5
MMboe. This strong performance was underpinned by continued momentum in the Black Hawk and
Permian where liquids production increased by 53 per cent and 141 per cent, respectively. We remain
confident that shale liquids volumes will rise by approximately 50 per cent in the 2015 financial year.

In our Conventional business, liquids production at Atlantis increased by 38 per cent in the September
2014 quarter as the operation benefited from the completion of two production wells in the June 2014
quarter. At Pyrenees, production increased by 24 per cent in the September 2014 quarter following the
completion of five new production wells in the second half of the 2014 financial year.

Natural gas – Natural gas production of 219 bcf was unchanged in the September 2014 quarter.

A two per cent increase in natural gas production from the June 2014 quarter reflected higher seasonal
demand at Bass Strait and stronger uptime performance at North West Shelf following a period of
planned maintenance. This was partially offset by natural field decline at our Onshore US dry gas assets.

Projects and Onshore US capital expenditure

                                Capital           Initial
Project and                 expenditure        production
ownership                        (US$m)       target date Capacity                        Progress
North West Shelf                    400              CY16 To maintain LNG plant           On schedule and budget. The
Greater Western                                           throughput from the North       overall project is 81% complete.
Flank-A                                                   West Shelf operations.
(Australia)
16.67%
(non-operator)

Bass Strait Longford                520              CY16 Designed to process             On schedule and budget. The
Gas Conditioning                                          approximately 400 MMcf/d        overall project is 40% complete.
Plant                                                     of high-CO2 gas.
(Australia)
50% (non-operator)

Onshore US drilling and development expenditure totalled US$895 million in the September 2014
quarter. The Company’s operated rig count increased to 25 during the period, with an additional rig now
operating in the Permian. At the end of the period, 17 operated rigs were in action in the Eagle Ford, five
were in the Permian and three were in the Haynesville. We expect Onshore US drilling and development
expenditure of approximately US$4.0 billion for the 2015 financial year, consistent with prior guidance.

Onshore US                                                     Liquids focused areas     Gas focused areas
September 2014 quarter                                               (Eagle Ford and      (Haynesville and
(September 2013 quarter)                                                    Permian)          Fayetteville)               Total
Capital expenditure            US$ billion                                 0.8 (1.3)              0.1 (0.2)            0.9 (1.5)
Production                     MMboe                                     16.7 (12.4)            13.7 (14.4)          30.4 (26.8)
Production mix                 Natural gas                                 31% (38%)            100% (100%)            62% (71%)
                               Natural gas liquids                         23% (21%)                  - (-)            13% (10%)
                               Crude and condensate                        46% (41%)                  - (-)            25% (19%)


Petroleum exploration
Exploration and appraisal wells drilled during the September 2014 quarter are summarised below.

                                         BHP Billiton                          Water       Total well
Well          Location        Target     equity                Spud Date       depth       depth              Status
Perseus-1     Gulf of Mexico  Oil        15%                   21 September    1,401 m     2,437 m(8)         Drilling
              DC231                      (Statoil operator)    2014                                           ahead


Petroleum exploration expenditure for the September 2014 quarter was US$154 million, of which
US$146 million was expensed. A US$750 million exploration program, largely focused on the Gulf of
Mexico, Western Australia and Trinidad and Tobago is planned for the 2015 financial year. The seismic
acquisition program in Trinidad and Tobago is progressing on schedule.(9)

Following recent economic reforms in Mexico, BHP Billiton and Petroleos Mexicanos (Pemex) signed a
memorandum of understanding and cooperation (MOU) on 25 September 2014 to exchange technical
knowledge, information, experiences and practices in activities related to the oil and gas industry.

Potash
Project and        Investment
ownership              (US$m)  Scope                                                   Progress
Jansen Potash           2,600  Investment to finish the excavation and lining of       The overall project is 36%
(Canada)                       the production and service shafts, and to continue      complete and on budget.
100%                           the installation of essential surface infrastructure
                               and utilities.

Copper

Production
                                                                         SEP             SEP Q14         SEP Q14
                                                                        2014                  vs              vs
                                                                         QTR             SEP Q13         JUN Q14
Copper (kt)                                                            389.4                (3%)           (17%)
Lead (t)                                                              49,574                 7%              7%
Zinc (t)                                                              40,663                42%             40%
Silver (koz)                                                           9,068                 4%              7%
Uranium oxide concentrate (t)                                            866               (11%)           (17%)

Copper – Total copper production(1) decreased by one per cent in the September 2014 quarter to 389
kt. Guidance for the 2015 financial year remains unchanged at 1.8 Mt.

Escondida copper production decreased by three per cent in the September 2014 quarter to 269 kt as
strong operating performance was offset by a 12 per cent decline in ore grades, two days of industrial
action and a power outage throughout Northern Chile. As a result of increased throughput, water
restrictions are anticipated during the December 2014 quarter which may result in the partial deferral of
production to the March 2015 quarter. The Escondida Water Supply project, which involves the
construction of a new 2,500 litre per second sea-water desalination facility, will ensure continued water
supply over the long term. Production guidance for Escondida remains unchanged at 1.27 Mt of copper
for the 2015 financial year.

At Pampa Norte, copper production increased by 28 per cent in the September 2014 quarter to 56 kt, as
Spence benefited from higher grades and recoveries. An increase in pad height at Cerro Colorado to
optimise longer-term leaching stability and tertiary crusher maintenance at Spence contributed to the
weaker performance relative to the June 2014 quarter. Production at Pampa Norte for the 2015 financial
year is expected to be broadly unchanged from the prior year, as higher grades and recoveries at
Spence offset declining grades and recoveries at Cerro Colorado.

While Olympic Dam copper production increased by 41 per cent in the September 2014 quarter to 39 kt,
the completion of planned smelter maintenance led to a 28 per cent decline in production from the June
2014 quarter. Production at Olympic Dam in the 2015 financial year is expected to remain broadly
unchanged from the prior year.

Antamina copper production declined by 39 per cent in the September 2014 quarter to 26 kt as the mine
plan progressed through a zone of lower grade ore. Average copper grades at Antamina in the 2015
financial year are expected to remain at a similar level to the September 2014 quarter, consistent with
the mine plan.

Lead/silver – Lead and silver production(1) increased by seven per cent and five per cent, respectively,
in the September 2014 quarter as higher mill throughput more than offset lower average ore grades at
Cannington.

Zinc – Total zinc production increased by 42 per cent in the September 2014 quarter and primarily
reflected higher grades at Antamina, consistent with the mine plan. Strong performance at Cannington
was underpinned by higher grades and increased mill throughput.

Uranium – Uranium production decreased by 11 per cent in the September 2014 quarter as lower mill
throughput was only partially offset by higher grades.

Projects
                               Capital     Initial
Project and                expenditure  production
ownership                       (US$m) target date   Capacity                     Progress
Escondida Oxide Leach              933     H2 CY14   New dynamic leaching pad     On revised schedule and
Area Project (Chile)                                 and mineral handling         budget. The overall project is
57.5%                                                system. Maintains oxide      97% complete.
                                                     leaching capacity.
Escondida Organic                4,199     H1 CY15   New concentrator with 152    Budget revised. The overall
Growth Project 1 (Chile)                             ktpd capacity.               project is 86% complete and
57.5%                                                                             remains on schedule.
Escondida Water                  3,430        CY17   New desalination facility to On schedule and budget. The
Supply (Chile)                                       ensure water supply to       overall project is 17% complete.
57.5%                                                Escondida.

A US$361 million increase in the budget of the Escondida Organic Growth Project 1 to US$4.2 billion
was approved during the period and reflected challenges associated with contractor progress which
have now been addressed. The project remains on schedule for completion in the first half of the 2015
calendar year.

Iron Ore

Production
                                                                        SEP           SEP Q14           SEP Q14
                                                                       2014                vs                vs
                                                                        QTR           SEP Q13           JUN Q14
Iron ore (kt)                                                        57,091               17%                1%

Iron ore – Iron ore production increased by 17 per cent in the September 2014 quarter to a record 57
Mt. Total iron ore production is forecast to increase by 11 per cent in the 2015 financial year to 225 Mt,
consistent with prior guidance.

Western Australia Iron Ore (WAIO) production increased by 15 per cent in the September 2014 quarter
to a record 62 Mt (100 per cent basis) as the ramp-up of Jimblebar continued ahead of schedule and we
improved the availability, utilisation and rate of our integrated supply chain. In addition to the strong
operational performance achieved at our mines, a higher proportion of direct to ship ore increased
outflow capacity at the port and facilitated record sales volumes of 63 Mt (100 per cent basis).

WAIO production guidance for the 2015 financial year remains unchanged at 245 Mt (100 per cent basis)
with the tie-in of shiploader 2 expected to be completed during the December 2014 quarter. Further
growth in supply chain capacity to 270 Mtpa (100 per cent basis) is expected to be achieved without the
need for additional fixed plant investment. Beyond that, the Inner Harbour Debottlenecking and
Jimblebar Phase 2 projects(3) have the potential to increase total capacity to 290 Mtpa (100 per cent
basis) by the end of the 2017 financial year at very low capital cost.

As production grows we will maintain a relentless focus on costs. We expect unit cash costs(4) of less
than US$20 per tonne(5) in the medium term, a reduction of more than 25 per cent on the average
achieved in the 2014 financial year. Sustaining capital expenditure guidance of approximately US$5 per
tonne over the next five years reflects the size and quality of our major operating hubs and highly
concentrated resource.

Samarco production increased by 12 per cent from the June 2014 quarter to 7 Mt (100 per cent basis).
The ramp-up of the fourth pellet plant to 30.5 Mtpa (100 per cent basis) is expected before the end of the
2015 financial year.

Coal

Production
                                                                        SEP          SEP Q14         SEP Q14
                                                                       2014               vs              vs
                                                                        QTR          SEP Q13         JUN Q14
Metallurgical coal (kt)                                              12,769              25%              7%
Energy coal (kt)                                                     17,837              (9%)            (3%)

Metallurgical coal – Metallurgical coal production increased by 25 per cent in the September 2014
quarter to a record 13 Mt. Total metallurgical coal production is forecast to increase by four per cent in
the 2015 financial year to 47 Mt, consistent with prior guidance.

Record production at Queensland Coal was underpinned by strong operational performance across the
business and continued improvement in truck and wash-plant utilisation. The new Caval Ridge mine
operated at capacity during the period while the Daunia and South Walker Creek mines also produced at
a record rate.

Illawarra Coal production increased by 64 per cent in the September 2014 quarter to 2.3 Mt as a series
of productivity initiatives enabled the mine to achieve record run-of-mine production. Volumes in the
September 2013 quarter were affected by an extended outage at Dendrobium.

Energy coal – Energy coal production decreased by nine per cent in the September 2014 quarter to 18
Mt. As anticipated, a drought in the La Guajira region of Colombia constrained production volumes at
Cerrejón given the need to manage dust emissions. At New South Wales Energy Coal, adverse weather
and unplanned wash plant outages resulted in a 12 per cent decline in production during the period.
Navajo Coal production also declined following the permanent closure of three of the five power units at
the Four Corners Power Plant.

Total energy coal production of 73 Mt is expected for the 2015 financial year, consistent with prior
guidance.

Projects
                               Capital     Initial
Project and                expenditure  production
ownership                       (US$m) target date Capacity                      Progress
Hay Point Stage Three        1,505(10)        CY15 Increased port capacity from  On revised schedule and buget.
Expansion                                          44 Mtpa to 55 Mtpa and        The overall project is 91%
(Australia)                                        reduces storm vulnerability.  complete.
50%
Appin Area 9                      845         CY16 Maintains Illawarra Coal’s    On schedule and budget. The
(Australia)                                        production capacity with a    overall project is 72% complete.
100%                                               replacement mining domain
                                                   and capacity to produce 3.5
                                                   Mtpa of metallurgical coal.

Aluminium, Manganese and Nickel

Production
                                                                      SEP           SEP Q14          SEP Q14
                                                                     2014                vs               vs
                                                                      QTR           SEP Q13          JUN Q14
Alumina (kt)                                                        1,235               (1%)             (7%)
Aluminium (kt)                                                        261              (16%)             (5%)
Manganese ores (kt)                                                 2,259               10%               0%
Manganese alloy (kt)                                                  171               25%              (6%)
Nickel (kt)                                                          35.7              (12%)             16%

Alumina – Alumina production was broadly unchanged in the September 2014 quarter at 1.2 Mt,
supported by record production at the Alumar refinery. While a series of calciner outages constrained
Worsley production during the September 2014 quarter, volumes are expected to recover as the refinery
processes stockpiled hydrate in future periods.

Aluminium – Aluminium production decreased by 16 per cent in the September 2014 quarter to 261 kt.
Lower volumes primarily reflected the cessation of smelting activities at Bayside in June 2014 and the
suspension of capacity at the Alumar smelter during the 2014 financial year. This was partially offset by
record production at Mozal during the period.

Manganese ores – Manganese ore production increased by 10 per cent in the September 2014 quarter
to a record 2.3 Mt as an improvement in ore recovery at Mamatwan and an increase in plant availability
at Wessels resulted in record quarterly production at Hotazel.

Manganese alloys – Manganese alloy production increased by 25 per cent in the September 2014
quarter to 171 kt as smelter reliability improved at both Metalloys and TEMCO.

Nickel – Nickel production declined by 12 per cent in the September 2014 quarter to 36 kt, primarily as a
result of the closure of the Perseverance underground mine at Nickel West in November 2013.
Consistent with prior guidance, we expect saleable nickel production at Nickel West to decline by four
per cent in the 2015 financial year to 95 kt. Ferro-nickel production at Cerro Matoso is expected to
decline by three per cent to 43 kt as a result of lower grades and recoveries.

Minerals exploration

Minerals exploration expenditure for the September 2014 quarter was US$79 million, of which US$58
million was expensed. Greenfield minerals exploration is predominantly focused on advancing copper
targets within Chile, Peru and the South-West United States.


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 2014.


 1.    Excludes operations which were sold during the 2014 financial year (Liverpool Bay and Pinto Valley).
 2.    Refers to copper equivalent production based on average realised prices for the 2013 financial year.
 3.    Subject to Board approval.
 4.    Excludes freight and royalties.
 5.    Based on real 2014 terms; AUD:USD of 0.91.
 6.    Represents planned annualised controllable cash cost and volume-related productivity gains from our core
       assets only, relative to the 2014 financial year.
 7.    The Group’s adjusted effective tax rate excludes the influence of exchange rate movements, remeasurement
       of deferred tax assets associated with the Minerals Resource Rent Tax (MRRT) and exceptional items.
 8.    Well depth as at 30 September 2014; drilling still in progress.
 9.    17,719 square kilometres 3D seismic acquisition in progress over Trinidad and Tobago Blocks 5, 6, 14, 23a,
       23b, 28 and 29.
 10.   Excludes announced pre-commitment funding.


The following abbreviations may have been used throughout this report: barrels (bbl); billion cubic feet (bcf); cost and
freight (CFR); cost, insurance and freight (CIF); dry metric tonne unit (dmtu); free on board (FOB); grams per tonne
(g/t); kilograms per tonne (kg/t); kilometre (km); metre (m); million barrels of oil equivalent (MMboe); million cubic
feet per day (MMcf/d); million tonnes (Mt); million tonnes per annum (Mtpa); ounces (oz); pounds (lb); thousand
barrels of oil equivalent (Mboe); thousand ounces (koz); thousand standard cubic feet (Mscf); thousand tonnes (kt);
thousand tonnes per annum (ktpa); thousand tonnes per day (ktpd); tonnes (t); and wet metric tonnes (wmt).


Further information on BHP Billiton can be found at: www.bhpbilliton.com.

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Media Relations                                     Investor Relations

Australia                                           Australia

Emily Perry                                         Tara Dines
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email: Emily.Perry@bhpbilliton.com                  Email: Tara.Dines@bhpbilliton.com

Paul Hitchins                                       Jodie Phillips
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email: Paul.Hitchins@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
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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
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BHP BILLITON PRODUCTION SUMMARY
                                                              QUARTER ENDED       YEAR TO DATE        % CHANGE
                                                                                                     SEP   SEP
                                                                                                     Q14   Q14
                                                  SEP      JUN       SEP      SEP       SEP           vs    vs
                                                  2013     2014      2014     2014      2013         SEP   JUN
                                                                                                     Q13   Q14
Petroleum
Crude oil & condensate and NGL      (Mboe)        26,053    28,877   30,945   30,945    26,053       19%    7%
Natural gas                         (bcf)          219.7     215.0    218.9    218.9     219.7       (0%)   2%
Total petroleum production          (MMboe)         62.7      64.7     67.4     67.4      62.7        7%    4%

Copper
Copper                              (kt)           403.3     470.0    389.4    389.4     403.3       (3%) (17%)
Lead                                (t)           46,445    46,165   49,574   49,574    46,445        7%    7%
Zinc                                (t)           28,555   29,-116   40,663   40,663    28,555       42%   40%
Gold                                (oz)          40,188    59,705   52,344   52,344    40,188       30%  (12%)
Silver                              (koz)          8,688     8,509    9,068    9,068     8,688        4%    7%
Uranium                             (t)              970     1,044      866      866       970      (11%) (17%)
Molybdenum                          (t)              458        83       40       40       458      (91%) (52%)
 
Iron ore
Iron ore                            (kt)          48,953    56,643   57,091   57,091    48,953       17%    1%

Coal
Metallurgical coal                  (kt)          10,185    11,886   12,769   12,769    10,185      25%     7%
Energy coal                         (kt)          19,639    18,363   17,837   17,837    19,639      (9%)   (3%)

Aluminium, Manganese and Nickel
Alumina                             (kt)           1,251     1,325    1,235    1,235     1,251      (1%)   (7%)
Aluminium                           (kt)             310       276      261      261       310     (16%)   (5%)
Manganese ores                      (kt)           2,046     2,255    2,259    2,259     2,046       10%    0%
Manganese alloys                    (kt)             137       181      171      171       137       25%   (6%)
Nickel                              (kt)            40.4      30.9     35.7     35.7      40.4     (12%)   16%

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

BHP BILLITON PRODUCTION
                                                                QUARTER ENDED                                 YEAR TO DATE
                                         BHP
                                        Billiton      SEP        DEC        MAR       JUN         SEP          SEP        SEP
                                       interest      2013       2013       2014      2014        2014         2014            2013

Petroleum
Production
    Crude oil, condensate and
    NGL (Mboe)(1)                                   26,053     23,973     27,244    28,877     30,945       30,945          26,053
    Natural gas (bcf)                                219.7      202.6      202.0     215.0      218.9        218.9           219.7
    Total petroleum production
    (MMboe)                                           62.7       57.7       60.9      64.7       67.4         67.4            62.7

Copper (2)
Copper
Payable metal in concentrate (kt)
    Escondida (3)                         57.5%      205.1      208.0      190.6     241.0      199.4        199.4           205.1
    Antamina                              33.8%       41.9       42.4       33.0      26.2       25.7         25.7            41.9
    Pinto Valley                           100%       10.9        1.6          -         -          -            -            10.9
    Total                                            257.9      252.0      223.6     267.2      225.1        225.1           257.9

Cathode (kt)
    Escondida (3)                         57.5%       73.2       77.5       75.8      81.5       69.3         69.3            73.2
    Pampa Norte (4)                        100%       43.5       59.4       63.4      66.8       55.8         55.8            43.5
    Pinto Valley                           100%        0.8        0.1          -         -          -            -             0.8
    Olympic Dam                            100%       27.9       50.9       51.1      54.5       39.2         39.2            27.9
    Total                                            145.4      187.9      190.3     202.8      164.3        164.3           145.4
    Total Copper                                     403.3      439.9      413.9     470.0      389.4        389.4           403.3

Lead
Payable metal in concentrate (t)
    Cannington                             100%     46,287     47,259     47,214    45,768     48,941       48,941          46,287
    Antamina                              33.8%        158        580        363       397        633          633             158
    Total                                           46,445     47,839     47,577    46,165     49,574       49,574          46,445

Zinc
Payable metal in concentrate (t)
    Cannington                             100%     16,033     16,123     10,074    15,666     19,927       19,927          16,033
    Antamina                              33.8%     12,522     16,732      9,335    13,450     20,736       20,736          12,522
    Total                                           28,555     32,855     19,409    29,116     40,663       40,663          28,555

Gold
Payable metal in concentrate
(oz)
    Escondida (3)                         57.5%     12,490     19,384     20,110    20,920     21,980       21,980          12,490
    Olympic Dam (refined gold)             100%     27,649     26,271     28,630    38,785     30,364       30,364          27,649
    Pinto Valley                           100%         49          -          -         -          -            -              49
    Total                                           40,188     45,655     48,740    59,705     52,344       52,344          40,188
Silver
Payable metal in concentrate (koz)

   Escondida (3)                          57.5%        891        982      1,078     1,320      1,159        1,159             891
   Antamina                               33.8%      1,205      1,350        961       843        954          954           1,205
   Cannington                              100%      6,361      6,306      6,465     6,029      6,701        6,701           6,361
   Olympic Dam (refined silver)            100%        190        212        253       317        254          254             190
   Pinto Valley                            100%         41          -          -         -          -            -              41
   Total                                             8,688      8,850      8,757     8,509      9,068        9,068           8,688
 
Uranium
Payable metal in concentrate (t)
   Olympic Dam                             100%        970      1,008        966     1,044        866          866             970
   Total                                               970      1,008        966     1,044        866          866             970

Molybdenum
Payable metal in concentrate (t)
   Antamina                               33.8%        458        379        281        83         40           40             458
   Total                                               458        379        281        83         40           40             458

Refer footnotes on page 16.

Iron Ore
Production (kt) (5)
   Newman                                   85%     12,196     12,483     15,470    16,766     16,707       16,707          12,196
   Yarrie                                   85%        202        428        206         -          -            -             202
   Area C Joint Venture                     85%     11,814     11,383     11,282    12,481     13,265       13,265          11,814
   Yandi Joint Venture                      85%     18,146     17,135     15,622    17,615     16,607       16,607          18,146
   Jimblebar (6)                            85%        700      1,702      2,721     3,740      3,971        3,971             700
   Wheelarra (7)                            85%      3,166      2,716      1,698     2,973      3,115        3,115           3,166
   Samarco                                  50%      2,729      2,841      2,281     3,068      3,426        3,426           2,729
   Total                                            48,953     48,688     49,280    56,643     57,091       57,091          48,953

Coal
Metallurgical coal
Production (kt) (8)
   BMA                                      50%      6,705      7,494      7,461     7,596      8,228        8,228           6,705
   BHP Mitsui Coal (9)                      80%      2,057      2,114      1,995     2,143      2,204        2,204           2,057
   Illawarra                               100%      1,423      1,932      2,011     2,147      2,337        2,337           1,423
   Total                                            10,185     11,540     11,467    11,886     12,769       12,769          10,185

Energy Coal
Production (kt)
   South Africa (10)                        90%      7,937      7,036      7,398     8,013      8,026        8,026           7,937
   USA                                     100%      3,145      2,896      2,359     2,412      2,690        2,690           3,145
   Australia                               100%      5,372      4,544      5,018     5,030      4,752        4,752           5,372
   Colombia                               33.3%      3,185      3,291      2,948     2,908      2,369        2,369           3,185
   Total                                            19,639     17,767     17,723    18,363     17,837       17,837          19,639
  
Aluminum, Manganese and
Nickel
Alumina
Saleable production (kt)
   Worsley                                  86%        946      1,024        936     1,010        893          893             946
   Alumar                                   36%        305        328        314       315        342          342             305
   Total                                             1,251      1,352      1,250     1,325      1,235        1,235           1,251

Aluminium
Production (kt)
   Hillside                                100%        184        183        172       176        180          180             184
   Bayside (11)                            100%         24         24         23        18          -            -              24
   Alumar                                   40%         35         28         26        15         13           13              35
   Mozal                                  47.1%         67         67         65        67         68           68              67
   Total                                               310        302        286       276        261          261             310
Manganese ores
Saleable production (kt)
   South Africa (12)                      44.4%        864        944        782       936      1,049        1,049             864
   Australia (12)                           60%      1,182      1,256      1,019     1,319      1,210        1,210           1,182
   Total                                             2,046      2,200      1,801     2,255      2,259        2,259           2,046

Manganese alloys
Saleable production (kt)
   South Africa (12) (13)                   60%         86         94         91       106        112          112              86
   Australia (12)                           60%         51         72         71        75         59           59              51
   Total                                               137        166        162       181        171          171             137

Nickel
Saleable production (kt)

   Cerro Matoso                           99.9%       12.0       12.3        9.8      10.2       10.7         10.7            12.0
   Nickel West                             100%       28.4       25.5       24.3      20.7       25.0         25.0            28.4
   Total                                              40.4       37.8       34.1      30.9       35.7         35.7            40.4

   Refer footnotes on page 16

BHP BILLITON PRODUCTION

(1) LPG and ethane are reported as natural gas liquids (NGL). Product-specific conversions are made and NGL is
reported in barrels of oil equivalent (boe). Total boe conversions are based on 6,000 scf of natural gas equals 1
boe.
(2) Metal production is reported on the basis of payable metal.
(3) Shown on 100% basis. BHP Billiton interest in saleable production is 57.5%.
(4) Includes Cerro Colorado and Spence.
(5) Iron ore production is reported on a wet tonnes basis.
(6) Shown on 100% basis. BHP Billiton interest in saleable production is 85%.
(7) All production from Wheelarra is now processed via the Jimblebar processing hub.
(8) Metallurgical coal production is reported on the basis of saleable product. Production figures include some
thermal coal.
(9) Shown on 100% basis. BHP Billiton interest in saleable production is 80%.
(10) Shown on 100% basis. BHP Billiton interest in saleable production is 90%.
(11) Aluminium smelting at Bayside ceased with the closure of the final potline in June 2014.
(12) Shown on 100% basis. BHP Billiton interest in saleable production is 60%, except Hotazel Manganese Mines
which is 44.4%.
(13) Production includes Medium Carbon Ferro Manganese.

PRODUCTION AND SALES REPORT
                                                            QUARTER ENDED                        YEAR TO DATE
                                                  SEP       DEC       MAR       JUN       SEP       SEP       SEP
                                                 2013      2013      2014      2014      2014      2014      2013
Petroleum

Crude oil, condensate and NGL (Mboe)
  Crude oil and condensate
  Bass Strait                                   2,247     1,958     2,095     2,355     2,818     2,818     2,247
  North West Shelf                              1,865     1,497     1,504     1,408     1,501     1,501     1,865
  Stybarrow                                       348       317       282       255       225       225       348
  Pyrenees                                      1,707     1,295     2,386     2,075     2,109     2,109     1,707
  Other Australia (1)                              14        12        11        14        17        17        14
  Atlantis (2)                                  2,953     3,988     3,734     4,114     4,175     4,175     2,953
  Mad Dog (2)                                     732       496       704       187       390       390       732
  Shenzi (2)                                    3,467     3,201     3,467     3,530     3,530     3,530     3,467
  Onshore US (3)                                5,044     4,238     5,589     7,069     7,677     7,677     5,044
  Trinidad/Tobago                                 320       314       279       248       252       252       320
  Other Americas (2) (4)                          378       373       329       371       349       349       378
  UK (5)                                          142       305       254        27        34        34       142
  Algeria                                       1,142     1,156     1,069       996     1,011     1,011     1,142
  Pakistan                                         62        52        49        37        38        38        62
  Total                                        20,421    19,202    21,752    22,686    24,126    24,126    20,421
NGL
  Bass Strait                                   2,001     1,603     1,621     2,026     2,161     2,161     2,001
  North West Shelf                                399       234       276       288       293       293       399
  Atlantis (2)                                    255       348       288       111       248       248       255
  Mad Dog (2)                                      38        24        36        39        21        21        38
  Shenzi (2)                                      266       252       280       252       271       271       266
  Onshore US (3)                                2,656     2,295     2,986     3,471     3,783     3,783     2,656
  Other Americas (2) (4)                           11        10         2         -        38        38        11
  UK (5)                                            6         5         3         4         4         4         6
  Total                                         5,632     4,771     5,492     6,191     6,819     6,819     5,632

  Total crude oil, condensate and NGL          26,053    23,973    27,244    28,877    30,945    30,945    26,053

Natural Gas (bcf)
  Bass Strait                                    34.2      22.7      21.2      30.5      33.3      33.3      34.2
  North West Shelf                               34.2      30.3      31.4      31.8      36.9      36.9      34.2
  Other Australia (1)                             9.3      15.1      13.2      13.6      16.4      16.4       9.3
  Atlantis (2)                                    1.3       1.8       1.8       1.9       1.7       1.7       1.3
  Mad Dog (2)                                     0.1       0.1       0.1       0.1       0.1       0.1       0.1
  Shenzi (2)                                      0.8       0.8       0.8       0.8       0.8       0.8       0.8
  Onshore US (3)                                114.9     105.3     109.7     118.9     113.6     113.6     114.9
  Trinidad/Tobago                                 9.9       9.7       9.3       9.1       8.8       8.8       9.9
  Other Americas (2) (4)                          0.3       0.3       0.2       0.2       0.2       0.2       0.3
  UK (5)                                          3.5       6.2       5.4       0.8       0.7       0.7       3.5
  Pakistan                                       11.2      10.3       8.9       7.3       6.4       6.4      11.2
  Total                                         219.7     202.6     202.0     215.0     218.9     218.9     219.7

Total Petroleum production
(MMboe) (6)                                      62.7      57.7      60.9      64.7      67.4      67.4      62.7

(1) Other Australia includes Minerva and Macedon.
(2) Gulf of Mexico volumes are net of royalties.
(3) Onshore US volumes are net of mineral holder royalties.
(4) Other Americas includes Neptune, Genesis and Overriding Royalty Interest.
(5) UK includes Bruce/Keith and Liverpool Bay. BHP Billiton completed the sale of its 46.1% operated interest in
Liverpool Bay on 31 March 2014.
(6) Total boe conversions are based on 6,000 scf of natural gas equals 1 boe.

PRODUCTION AND SALES REPORT
                                                            QUARTER ENDED                         YEAR TO DATE
                                                  SEP       DEC         MAR      JUN        SEP       SEP       SEP
                                                 2013      2013        2014     2014       2014      2014      2013

Copper
Metals production is payable metal unless otherwise stated.

Escondida, Chile (1)
  Material mined                  (kt)         93,744    93,814      96,420   94,673    101,920   101,920    93,744
  Sulphide ore milled             (kt)         18,276    19,584      21,051   21,438     20,651    20,651    18,276
  Average copper grade            (%)           1.37%     1.30%       1.12%    1.33%      1.20%     1.20%     1.37%
  Production ex mill              (kt)          210.6     214.4       195.5    235.6      205.5     205.5     210.6

  Production
  Payable copper (2)              (kt)          205.1     208.0       190.6    241.0      199.4     199.4     205.1
  Payable gold concentrate        (fine oz)    12,490    19,384      20,110   20,920     21,980    21,980    12,490
  Copper cathode (EW)             (kt)           73.2      77.5        75.8     81.5       69.3      69.3      73.2
  Payable silver concentrate      (koz)           891       982       1,078    1,320      1,159     1,159       891

  Sales
  Payable copper                  (kt)          192.3     228.1       173.2    239.1      203.3     203.3     192.3
  Payable gold concentrate        (fine oz)    12,490    18,602      20,889   20,920     21,980    21,980    12,490
  Copper cathode (EW)             (kt)           63.0      86.7        76.4     83.3       64.1      64.1      63.0
  Payable silver concentrate      (koz)           836     1,076       1,046    1,320      1,159     1,159       836
  (1) Shown on 100% basis. BHP Billiton interest in saleable production is 57.5%.
  (2) June 2014 quarter includes 4.3 kt of copper contained in ore sold to third parties.

Pampa Norte, Chile
  Cerro Colorado
  Material mined                  (kt)         15,771    17,487      15,939   17,087     15,517    15,517    15,771
  Ore milled                      (kt)          4,161     4,501       4,508    4,016      4,189     4,189     4,161
  Average copper grade            (%)           0.78%     0.76%       0.75%    0.76%      0.77%     0.77%     0.78%

  Production
  Copper cathode (EW)             (kt)           17.6      19.4        22.0     21.3       15.7      15.7      17.6

  Sales
  Copper cathode (EW)             (kt)           17.3      17.6        12.4     28.7       20.0      20.0      17.3

  Spence
  Material mined                  (kt)         24,331    27,911      25,037   25,962     24,238    24,238    24,331
  Ore milled                      (kt)          4,860     4,788       4,735    3,775      4,409     4,409     4,860
  Average copper grade             (%)          1.11%     1.25%       1.23%    1.30%      1.33%     1.33%     1.11%

  Production
  Copper cathode (EW)             (kt)           25.9      40.0        41.4     45.5       40.1      40.1      25.9

  Sales
  Copper cathode (EW)             (kt)           25.9      35.9        40.0     49.6       36.9      36.9      25.9

Antamina, Peru
  Material mined (100%)           (kt)         56,428    50,872      45,837   49,797     54,675    54,675    56,428
  Sulphide ore milled (100%)      (kt)         11,765    12,521      11,729   12,756     12,370    12,370    11,765
  Average head grades
  - Copper                         (%)          1.21%     1.15%       1.00%    0.77%      0.81%     0.81%     1.21%
  - Zinc                           (%)          0.56%     0.72%       0.54%    0.58%      0.84%     0.84%     0.56%

  Production
  Payable copper                  (kt)           41.9      42.4        33.0     26.2       25.7      25.7      41.9
  Payable zinc                    (t)          12,522    16,732       9,335   13,450     20,736    20,736    12,522
  Payable silver                  (koz)         1,205     1,350         961      843        954       954     1,205
  Payable lead                    (t)             158       580         363      397        633       633       158
  Payable molybdenum              (tonnes)        458       379         281       83         40        40       458

  Sales
  Payable copper                  (kt)           41.3      44.5        30.2     26.5       26.3      26.3      41.3
  Payable zinc                    (t)          16,123    18,397      10,158   14,527     12,912    12,912    16,123
  Payable silver                  (koz)         1,503     1,367         910      893        896       896     1,503
  Payable lead                    (t)             297       368         405      521        320       320       297
  Payable molybdenum              (t)             411       442         347      142         50        50       411

Cannington, Australia
  Material mined                  (kt)            893       974         773      806        823       823       893
  Ore milled                      (kt)            750       852         779      821        819       819       750
  Average head grades
  - Silver                        (g/t)           315       274         311      286        301       301       315
  - Lead                          (%)            7.4%      6.7%        7.3%     6.9%       7.1%      7.1%      7.4%
  - Zinc                          (%)            3.3%      3.1%        2.4%     3.1%       3.8%      3.8%      3.3%

  Production
  Payable silver                  (koz)         6,361     6,306       6,465    6,029      6,701     6,701     6,361
  Payable lead                    (t)          46,287    47,259      47,214   45,768     48,941    48,941    46,287
  Payable zinc                    (t)          16,033    16,123      10,074   15,666     19,927    19,927    16,033

  Sales
  Payable silver                  (koz)         7,844      6,548      6,127    5,641      7,084     7,084     7,844
  Payable lead                    (t)          56,500     47,185     43,649   41,607     51,197    51,197    56,500
  Payable zinc                    (t)          17,286     18,241     11,020   15,708     15,450    15,450    17,286

Olympic Dam, Australia
  Material mined (1)              (kt)          2,897      2,717      2,495    2,405      2,692     2,692     2,897
  Ore milled                      (kt)          2,404      2,641      2,421    2,654      2,206     2,206     2,404
  Average copper grade            (%)           1.85%      1.86%      1.90%    1.91%      1.97%     1.97%     1.85%
  Average uranium grade           (kg/t)         0.53       0.52       0.54     0.51       0.59      0.59      0.53

  Production
  Copper cathode (ER)             (kt)           25.9       47.6       48.4     51.3       36.9      36.9      25.9
  Copper cathode (EW)             (kt)            2.0        3.3        2.7      3.2        2.3       2.3       2.0
  Uranium oxide concentrate       (t)             970      1,008        966    1,044        866       866       970
  Refined gold                    (fine oz)    27,649     26,271     28,630   38,785     30,364    30,364    27,649
  Refined silver                  (koz)           190        212        253      317        254       254       190

  Sales
  Copper cathode (ER)             (kt)           26.8       43.3       47.5     54.2       36.6      36.6      26.8
  Copper cathode (EW)             (kt)            2.1        2.8        2.5      3.0        2.5       2.5       2.1
  Uranium oxide concentrate       (t)             930      1,037        732    1,426        848       848       930
  Refined gold                    (fine oz)    21,675     32,226     31,129   38,500     30,707    30,707    21,675
  Refined silver                  (koz)           176        177        262      367        227       227       176

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

Pinto Valley, US (1)
  Production
  Payable copper                  (kt)           10.9       1.6           -        -          -         -      10.9
  Copper cathode (EW)             (kt)            0.8       0.1           -        -          -         -       0.8
  Payable silver                  (koz)            41         -           -        -          -         -        41
  Payable gold                    (oz)             49         -           -        -          -         -        49

  Sales
  Payable copper                  (kt)           10.0         -           -        -          -         -      10.0
  Copper cathode (EW)             (kt)            1.1       0.2           -        -          -         -       1.1
  Payable silver                  (koz)            41         -           -        -          -         -        41
  Payable gold                    (oz)             49         -           -        -          -         -        49

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

PRODUCTION AND SALES REPORT
                                                           QUARTER ENDED                            YEAR TO DATE
                                                SEP       DEC        MAR          JUN       SEP       SEP       SEP
                                               2013      2013       2014         2014      2014      2014      2013
 
Iron Ore
(kt)

Iron ore
Pilbara, Australia
  Production (1)
  Newman                                     12,196    12,483     15,470       16,766    16,707    16,707    12,196
  Yarrie (2)                                    202       428        206            -         -         -       202
  Area C Joint Venture                       11,814    11,383     11,282       12,481    13,265    13,265    11,814
  Yandi Joint Venture                        18,146    17,135     15,622       17,615    16,607    16,607    18,146
  Jimblebar (3)                                 700     1,702      2,721        3,740     3,971     3,971       700
  Wheelarra (4)                               3,166     2,716      1,698        2,973     3,115     3,115     3,166
  Total                                      46,224    45,847     46,999       53,575    53,665    53,665    46,224
  Total production (100%)                    54,258    53,638     54,812       62,369    62,436    62,436    54,258

  Sales
  Lump                                       10,292     9,996     11,230       11,572    12,766    12,766    10,292
  Fines                                      35,283    35,756     35,880       40,834    41,633    41,633    35,283
  Total                                      45,575    45,752     47,110       52,406    54,399    54,399    45,575
  Total sales (100%)                         53,561    53,808     55,018       61,015    63,303    63,303    53,561

  (1) Iron ore production and sales are reported on a wet tonnes basis.
  (2) Yarrie ceased production on 25 February 2014.
  (3) Shown on 100% basis. BHP Billiton interest in saleable production is 85%.
  (4) All production from Wheelarra is now processed via the Jimblebar processing hub.

Samarco, Brazil
  Production (1)                              2,729     2,841      2,281        3,068     3,426     3,426     2,729

  Sales                                       2,676     3,025      2,036        3,077     3,303     3,303     2,676

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

PRODUCTION AND SALES REPORT
                                                            QUARTER ENDED                         YEAR TO DATE
                                                SEP       DEC        MAR          JUN       SEP       SEP       SEP
                                               2013      2013       2014         2014      2014      2014      2013
 
Coal
(kt)

Metallurgical coal
Queensland Coal
  Production (1)
  BMA
  Blackwater                                  1,691     1,655      1,759        1,625     1,777     1,777     1,691
  Goonyella                                   1,737     1,999      2,041        1,553     2,144     2,144     1,737
  Peak Downs                                  1,112     1,201      1,314        1,282     1,144     1,144     1,112
  Saraji                                      1,197     1,195      1,108        1,058     1,022     1,022     1,197
  Gregory Joint Venture                         464       850        654          997       808       808       464
  Daunia                                        504       594        585          518       628       628       504
  Caval Ridge                                     -         -          -          563       705       705         -
  Total BMA                                   6,705     7,494      7,461        7,596     8,228     8,228     6,705

  BHP Mitsui Coal (2)
  South Walker Creek                          1,298     1,313      1,312        1,323     1,391     1,391     1,298
  Poitrel                                       759       801        683          820       813       813       759
  Total BHP Mitsui Coal total                 2,057     2,114      1,995        2,143     2,204     2,204     2,057
  Total Queensland Coal                       8,762     9,608      9,456        9,739    10,432    10,432     8,762
 
  Sales
  Coking coal                                 6,123     6,517      7,030        7,250     7,306     7,306     6,123
  Weak coking coal                            2,397     2,505      2,594        2,358     2,859     2,859     2,397
  Thermal coal                                  160       271        122          134        43        43       160
  Total                                       8,680     9,293      9,746        9,742    10,208    10,208     8,680

    (1) Metallurgical coal production is reported on the basis of saleable product. Production figures include some
    thermal coal.
    (2) Shown on 100% basis. BHP Billiton interest in saleable production is 80%.

Illawarra, Australia
    Production (1)                            1,423      1,932     2,011        2,147     2,337     2,337     1,423

  Sales
  Coking coal                                 1,084      1,495     1,581        1,761     1,617     1,617     1,084
  Thermal coal                                  359        318       460          486       373       373       359
  Total                                       1,443      1,813     2,041        2,247     1,990     1,990     1,443

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

Energy coal
South Africa (1)
  Production                                  7,937      7,036     7,398        8,013     8,026     8,026     7,937

  Sales
  Export                                      2,504      4,087     3,179        3,528     3,739     3,739     2,504
  Local utility                               4,543      3,811     3,478        4,498     4,367     4,367     4,543
  Inland                                          -          -         -            -        36        36         -
  Total                                       7,047      7,898     6,657        8,026     8,142     8,142     7,047

  (1) Shown on 100% basis. BHP Billiton interest in saleable product is 90%.

New Mexico, USA
  Production
  Navajo Coal(1)                              1,670      1,400       975        1,082     1,243     1,243     1,670
  San Juan Coal                               1,475      1,496     1,384        1,330     1,447     1,447     1,475
  Total                                       3,145      2,896     2,359        2,412     2,690     2,690     3,145

  Sales - local utility                       3,129      2,950     2,360        2,382     2,723     2,723     3,129

   (1) BHP Billiton completed the scale of Navajo Mine on 30 December 2013. As BHP Billiton will retain control of
   the mine until full consideration is received, production will continue to be reported by the Group.

NSW Energy Coal, Australia
  Production                                  5,372      4,544     5,018        5,030     4,752     4,752     5,372

  Sales
  Export                                      4,037      4,887     4,346        4,548     4,787     4,787     4,037
  Inland                                        446        332       270          333       371       371       446
  Total                                       4,483      5,219     4,616        4,881     5,158     5,158     4,483

Cerrejón, Colombia
  Production                                  3,185      3,291     2,948        2,908     2,369     2,369     3,185

  Sales - export                              3,155      3,067     2,647        2,858     3,077     3,077     3,155

PRODUCTION AND SALES REPORT
                                                           QUARTER ENDED                           YEAR TO DATE
                                                SEP        DEC       MAR          JUN       SEP       SEP       SEP
                                               2013       2013      2014         2014      2014      2014      2013
Aluminium, Manganese and Nickel
(kt)

Alumina
  Saleable production
  Worsley, Australia                            946      1,024       936        1,010       893       893       946
  Alumar, Brazil                                305        328       314          315       342       342       305
  Total                                       1,251      1,352     1,250        1,325     1,235     1,235     1,251

  Sales
  Worsley, Australia                            897        961       986        1,020       875       875       897
  Alumar, Brazil                                278        320       262          388       323       323       278
  Total                                       1,175      1,281     1,248        1,408     1,198     1,198     1,175

Aluminium
  Production
  Hillside, South Africa                        184        183       172          176       180       180       184
  Bayside, South Africa(1)                       24         24        23           18         -         -        24
  Alumar, Brazil                                 35         28        26           15        13        13        35
  Mozal, Mozambique                              67         67        65           67        68        68        67
  Total                                         310        302       286          276       261       261       310

  Sales
  Hillside, South Africa                        180        173       187          168       174       174       180
  Bayside, South Africa(1)                       24         24        24           24         -         -        24
  Alumar, Brazil                                 34         28        25           17        15        15        34
  Mozal, Mozambique                              68         74        72           62        64        64        68
  Total                                         306        299       308          271       253       253       306

  (1) Aluminium smelting at Bayside ceased with the closure of the final potline in June 2014.
Manganese ores
  Saleable production
  South Africa (1)                              864        944       782          936     1,049     1,049       864
  Australia (1)                               1,182      1,256     1,019        1,319     1,210     1,210     1,182
  Total                                       2,046      2,200     1,801        2,255     2,259     2,259     2,046

  Sales
  South Africa (1)                              920        714       915          931       999       999       920
  Australia (1)                               1,078      1,445     1,252        1,288     1,224     1,224     1,078
  Total                                       1,998      2,159     2,167        2,219     2,223     2,223     1,998

Manganese alloys
  Saleable production
  South Africa (1) (2)                           86         94        91          106       112       112        86
  Australia (1)                                  51         72        71           75        59        59        51
  Total                                         137        166       162          181       171       171       137

  Sales
  South Africa (1) (2)                           88         87       113          112       115       115        88
  Australia (1)                                  54         63        85           74        56        56        54
  Total                                         142        150       198          186       171       171       142

    (1) Shown on 100% basis. BHP Billiton interest in saleable production is 60%, except Hotazel Manganese
    Mines which is 44.4%.
    (2) Production includes Medium Carbon Ferro Manganese.

Nickel
Cerro Matoso, Colombia
  Production                                   12.0       12.3       9.8         10.2      10.7     10.7       12.0

  Sales                                        12.6       12.3      10.0         10.2      10.5     10.5       12.6

Nickel West, Australia
  Saleable production
  Nickel contained in concentrate               3.4        2.4       2.5          1.6       2.2      2.2        3.4
  Nickel contained in finished matte            8.8        6.1       6.1          4.4       9.1      9.1        8.8
  Nickel metal                                 16.2       17.0      15.7         14.7      13.7     13.7       16.2
  Nickel production                            28.4       25.5      24.3         20.7      25.0     25.0       28.4

  Sales
  Nickel contained in concentrate               2.7        2.8       2.3          1.6       2.1      2.1        2.7
  Nickel contained in finished matte            7.8        7.4       5.3          6.2       6.6      6.6        7.8
  Nickel metal                                 15.3       17.2      16.7         14.4      11.9     11.9       15.3
  Nickel sales                                 25.8       27.4      24.3         22.2      20.6     20.6       25.8

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