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AJM Conference Presentation
BHP Billiton Plc
Registration number 3196209
Registered in England and Wales
Share code: BIL
ISIN: GB0000566504
Issued by: BHP Billiton Plc
Date: 10 March 2015
To: London Stock Exchange
JSE Limited
For Release: Immediately
Contact: Helen Ratsey +44 (0) 20 7802 7540
BHP Billiton Plc – Australian Journal of Mining Conference Presentation
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• Australian Journal of Mining Conference Presentation
The document may also be accessed via BHP Billiton’s website - www.bhpbilliton.com
BHP Billiton Plc Registration number 3196209
Registered in England and Wales
Registered Office: Neathouse Place London SW1V 1LH United Kingdom
A member of the BHP Billiton Group which is headquartered in Australia
Sponsor: Merrill Lynch South Africa Proprietary Limited
NEWS RELEASE
Release Time IMMEDIATE
Date 10 March 2015
Number 03/15
DELIVERING EXCEPTIONAL RETURNS FROM INSTALLED CAPACITY
BHP Billiton will today reaffirm its ongoing commitment to safely maximising returns
on installed capacity at its Western Australia Iron Ore business (WAIO).
Speaking in Perth at the annual Global Iron Ore and Steel Forecast Conference, BHP
Billiton President Iron Ore, Jimmy Wilson, will highlight the exceptional returns from
the Company’s productivity agenda.
“The effectiveness of our approach is validated by our robust financial and operating
results despite the challenging market conditions,” he said.
“For the first half of this financial year the team has delivered a solid underlying EBIT
margin of 49 per cent and a return on assets of 34 per cent.”
Mr Wilson will also reiterate WAIO is on track to achieve unit cash costs of less than
US$20 per tonne(1) through a relentless pursuit of equipment availability and
utilisation, efficient procurement and supply management and capital and workforce
productivity.
He will also highlight BHP Billiton’s strong and differentiated position in the Pilbara.
“Not only is our concentrated resource position a competitive advantage, but the
quality and high-grade characteristics of our orebodies translates into premium
products in the market,” Mr Wilson said.
“The majority are high Fe Brockman and Marra Mamba ores, with low impurities and a
high proportion of lump, around which we optimise our mine plans to maximise our
profit margin.
“We can deliver high-quality product that our customers value, through existing hub
infrastructure, at a low operating cost. Our footprint also means that we won’t need to
invest in new mining hubs to sustain current operations for decades.”
BHP Billiton also anticipated the increasing supply of seaborne iron ore, approving the
last of its major capital investments in its Pilbara infrastructure in 2011.
“Over the past decade, BHP Billiton made a US$25 billion capital investment in
infrastructure and equipment in our WAIO operations. Through our disciplined
program of investment, we were able to deliver valuable tonnes to market and
maintain our share of supply,” Mr Wilson said.
“We have no major projects in execution and our growth pathway will be achieved by
continuing to make our existing infrastructure more productive.
“With this strategy we are maintaining Australia’s competitive position in the global
market and providing the revenue, royalties, employment and innovation that is so
important for this country’s future.”
WAIO achieved record production of 124 million tonnes in the first half and is on track
to deliver 245 million tonnes in the 2015 financial year (100 per cent basis).
Further information on BHP Billiton can be found at: www.bhpbilliton.com.
(1) Excluding freight and royalties, based on an exchange rate of AUD/USD 0.91.
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
Paul Hitchins Andrew Gunn
Tel: + 61 3 9609 2592 Mobile: + 61 419 315 001 Tel: +61 3 9609 3575 Mobile: +61 402 087 354
email: Paul.Hitchins@bhpbilliton.com email: Andrew.Gunn@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
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