Wrap Text
Operational Review for the Nine Months Ended 31 March 2015
BHP Billiton Plc
Registration number 3196209
Registered in England and Wales
Share code: BIL
ISIN: GB0000566504
NEWS RELEASE
Release Time IMMEDIATE
Date 22 April 2015
Number 07/15
BHP BILLITON OPERATIONAL REVIEW
FOR THE NINE MONTHS ENDED 31 MARCH 2015
- Group production increased by 9% for the nine months ended March 2015 with records achieved for 10 operations
and five commodities. We remain on track to deliver Group production growth(1) of 16% over the two years to the
end of the 2015 financial year.
- Petroleum production increased by 6% to a record 193 MMboe supported by a 76% increase in Onshore US
liquids volumes to 40.2 MMboe. Guidance for the 2015 financial year remains unchanged at 255 MMboe.
- Copper production(2) increased by 2% to 1.3 Mt as strong underlying operating performance at Escondida more
than offset the impacts of severe weather in Northern Chile, lower grades at Antamina and a mill outage at Olympic
Dam. Production for the 2015 financial year is now expected to be 1.7 Mt.
- Western Australia Iron Ore (WAIO) production increased by 16% to a record 188 Mt (100% basis) underpinned by
continued improvements in our integrated supply chain. WAIO production for the 2015 financial year is now
expected to be 250 Mt (100% basis). The potential of our installed infrastructure continues to exceed expectations
and as a result we are deferring the Inner Harbour Debottlenecking project. While this will lead to a slower path to
system capacity of 290 Mtpa, it will come at a lower capital cost.
- Metallurgical coal production increased by 14% to 38 Mt and reflected record volumes at both Queensland Coal
and Illawarra Coal. Production for the 2015 financial year is now expected to be 49 Mt.
BHP Billiton Chief Executive Officer, Andrew Mackenzie, said: “Our teams continue to exceed expectations and
deliver strong operating performance. Our commitment to sustainably improve productivity and lower costs is helping
mitigate the impact of subdued commodity prices and supporting returns for our shareholders.
“In Iron Ore, our focus remains on producing at the lowest possible cost with Western Australia Iron Ore unit costs now below US$20
per tonne(3) as we continue to improve productivity. Over the last decade, China's unprecedented demand growth provided Australia
and BHP Billiton with a unique opportunity. We acted swiftly to bring on new iron ore capacity at some of the lowest
costs globally, generating long-term value for shareholders, the government and communities which would otherwise have been lost
to overseas competitors. Despite the subsequent increase in supply-side competition, these low-cost expansions continue to
deliver attractive margins and returns through the cycle.
“In Petroleum, we have responded quickly to current market conditions by reducing the number of rigs operated in our
Onshore US business by 35 per cent over the March 2015 quarter. We continue to review our drilling and
development program as we seek to maximise the value of our resource base. With higher oil prices expected over
the medium term, we believe deferring development will create more value than producing today. Our high-quality
acreage and excellent operating performance, with industry-leading drilling costs, gives us a strong platform from
which to build.
“The proposed demerger of South32 is also on track, with the BHP Billiton Board unanimously recommending
shareholders vote in favour of the demerger. With a more focused portfolio, BHP Billiton will have the potential to
unlock further shareholder value, while creating a new global diversified metals and mining company with a significant
industry presence in each of its major commodities.”
Operational performance summary
Production for the nine months and quarter ended March 2015 is summarised in the table below.
MAR MAR MAR YTD15 MAR Q15 MAR Q15
2015 2015 vs vs vs
Production YTD QTR MAR YTD14 MAR Q14 DEC Q14
Total petroleum production (MMboe) 192.5 61.5 6% 1% (3%)
Copper (kt) 1,273.1 460.0 1% 11% 9%
Iron ore (kt) 172,422 58,979 17% 20% 5%
Metallurgical coal (kt) 37,765 11,458 14% 0% (15%)
Energy coal (kt) 56,173 19,714 2% 11% 6%
Alumina (kt) 3,881 1,248 1% 0% (11%)
Aluminium (kt) 762 245 (15%) (14%) (4%)
Manganese ores (kt) 6,604 2,049 9% 14% (11%)
Manganese alloys (kt) 554 182 19% 12% (10%)
Nickel (kt) 102.4 32.5 (9%) (5%) (5%)
Production guidance for the 2015 financial year is summarised in the table below.
FY14 Previous New FY14 vs
Production guidance FY15e FY15e FY15e
Petroleum (MMboe)(4) 243 255 255 5%
Copper (Mt)(2) 1.7 1.8 1.7 -
Iron ore (Mt) 204 225 230 13%
Metallurgical coal (Mt) 45 47 49 9%
Energy coal (Mt) 73 73 73 -
Major development projects
The BMA Hay Point Stage Three Expansion project loaded first coal during the March 2015 quarter, on revised
schedule and budget, and will not be reported in future Operational Reviews. At 31 March 2015, BHP Billiton had six
major projects under development with a combined budget of US$12.0 billion.
Corporate update
On 17 March 2015, the BHP Billiton Board recommended shareholders approve the proposed demerger of South32 at
the shareholder meetings to be held on 6 May 2015. The Board believes that with a more focused portfolio, BHP
Billiton will be better placed to achieve further productivity benefits in its core portfolio, while creating a substantial new
company, South32. The proposed demerger would be effected via a distribution of South32 shares by way of an in-
specie dividend to shareholders in both BHP Billiton Limited and BHP Billiton Plc. Eligible BHP Billiton shareholders
will receive one South32 share for every BHP Billiton share held on the applicable record date.
On 19 March 2015, the Group priced a five year A$1.0 billion note issue under its Australian Medium Term Note
Program which will pay interest at three per cent and mature in March 2020. The proceeds will be used for general
corporate purposes.
Petroleum and Potash
Production
MAR MAR MAR YTD15 MAR Q15 MAR Q15
2015 2015 vs vs vs
YTD QTR MAR YTD14 MAR Q14 DEC Q14
Crude oil, condensate and natural gas liquids (MMboe) 93.4 31.3 21% 15% 0%
Natural gas (bcf) 594.8 181.5 (5%) (10%) (7%)
Total petroleum products (MMboe) 192.5 61.5 6% 1% (3%)
Total petroleum production – Total petroleum production for the nine months ended March 2015 increased by six
per cent to a record 192.5 MMboe. Guidance for the 2015 financial year remains unchanged at 255 MMboe.
Crude oil, condensate and natural gas liquids – Crude oil, condensate and natural gas liquids production for the
nine months ended March 2015 increased by 21 per cent to 93.4 MMboe.
Onshore US liquids volumes for the nine months ended March 2015 rose by 76 per cent to 40.2 MMboe. This strong
performance was underpinned by a doubling of liquids production from both the Black Hawk and Permian as we
continue to realise significant improvements in shale drilling and completions efficiency.
In our Conventional business, strong uptime performance at Atlantis and Pyrenees was offset by natural field decline
at North West Shelf and the impact of industrial action at Bass Strait.
Natural gas – Natural gas production for the nine months ended March 2015 declined by five per cent to 595 bcf.
Strong uptime performance at North West Shelf and Macedon partially offset scheduled maintenance at Pakistan,
industrial action and weaker seasonal demand at Bass Strait and the divestment of Liverpool Bay in the 2014 financial
year.
On 16 February 2015, BHP Billiton signed an agreement with Tri-Resources, a subsidiary of the Hashoo Group, for
the sale of our gas business in Pakistan. The transaction is subject to regulatory approval.
Projects
Capital Initial
Project and expenditure production
ownership (US$m) target date Capacity Progress
North West Shelf 400 CY16 To maintain LNG plant throughput from On schedule and budget. The overall
Greater Western the North West Shelf operations. project is 89% complete.
Flank-A
(Australia)
16.67%
(non-operator)
Bass Strait Longford 520 CY16 Designed to process approximately On schedule and budget. The overall
Gas Conditioning 400 MMcf/d of high-CO2 gas. project is 54% complete.
Plant
(Australia)
50% (non-operator)
Onshore US development activity
Onshore US drilling and development expenditure totalled US$3.0 billion for the nine months ended March 2015 and
we expect expenditure of approximately US$3.4 billion in the 2015 financial year.
Our Onshore US operated rig count decreased from 26 to 17 during the March 2015 quarter. The reduction in drilling
activity will not impact 2015 financial year production guidance and we are confident that shale liquids volumes will
rise by over 50 per cent in the period. We continue to review our drilling and development program and will exercise
the flexibility within our shale portfolio to maximise value.
March 2015 YTD Liquids focused areas Gas focused areas
(March 2014 YTD) Eagle Ford Permian Haynesville Fayetteville Total
Capital expenditure US$ billion 1.9 (2.4) 0.6 (0.4) 0.3 (0.3) 0.2 (0.2) 3.0 (3.2)
Rig allocation At period end 12 (17) 4 (4) 1 (3) 0 (0) 17 (24)
Net wells drilled and completed Period total 153 (218) 32 (32) 18 (31) 36 (60) 239 (341)
Net productive wells At period end 796 (606) 63(5) (61) 388(5) (892) 1,028 (1,012) 2,275 (2,571)
Capital expenditure includes land acquisition, site preparation, drilling, completions, well site facilities, mid-stream infrastructure and pipelines. The
number of wells drilled and completed can vary significantly from period to period based on changes in rig activity and the inventory of wells drilled
but not yet completed at period end.
Petroleum exploration
There were no exploration or appraisal wells drilled during the March 2015 quarter. Petroleum exploration expenditure
for the nine months ended March 2015 was US$393 million, of which US$363 million was expensed. Total petroleum
exploration expenditure for the 2015 financial year is expected to be US$600 million and remains focused on the Gulf
of Mexico, Western Australia and Trinidad and Tobago.
The seismic acquisition program in Trinidad and Tobago was successfully completed for the nine deep water blocks
accessed between 2012 and 2014(6).
Potash
Project and Investment
ownership (US$m) Scope Progress
Jansen Potash 2,600 Investment to finish the excavation and lining of the The project is 42% complete and
(Canada) production and service shafts, and to continue the within the approved budget. Shaft
100% installation of essential surface infrastructure and excavation is steadily progressing
utilities. following the successful redesign of
the temporary liner.
Copper
Production
MAR MAR MAR YTD15 MAR Q15 MAR Q15
2015 2015 vs vs vs
YTD QTR MAR YTD14 MAR Q14 DEC Q14
Copper (kt) 1,273.1 460.0 1% 11% 9%
Lead (t) 140,289 40,604 (1%) (15%) (19%)
Zinc (t) 103,933 29,960 29% 54% (10%)
Silver (troy koz) 24,217 7,529 (8%) (14%) (1%)
Uranium oxide concentrate (t) 2,549 607 (13%) (37%) (44%)
Copper – Total copper production(2) for the nine months ended March 2015 increased by two per cent to 1.3 Mt.
Production for the 2015 financial year is now expected to be 1.7 Mt, six per cent below prior guidance. The revision to
guidance reflects the impact of heavy rainfall in Northern Chile in March 2015 and an electrical failure which caused a
mill outage at Olympic Dam in January 2015.
Escondida copper production for the nine months ended March 2015 increased by seven per cent to 891 kt. Strong
operating performance, including a 14 per cent increase in truck utilisation, resulted in record material mined for the
period. This was partially offset by the impact of severe wet weather in March 2015, along with water restrictions, two
days of industrial action and a power outage throughout Northern Chile in the first half of the 2015 financial year.
Escondida copper production of approximately 1.22 Mt is now anticipated for the 2015 financial year.
Pampa Norte copper production for the nine months ended March 2015 increased by 15 per cent to 192 kt as Spence
benefited from higher recoveries. Production at Pampa Norte for the 2015 financial year is now expected to be
marginally higher than the prior year, despite the impact of severe wet weather in March 2015, as improved grades
and recoveries at Spence continue to offset declining grades and recoveries at Cerro Colorado.
Olympic Dam copper production for the nine months ended March 2015 decreased by 15 per cent to 111 kt following
an electrical failure which caused a mill outage in January 2015. The mill is expected to be offline for approximately six
months with an associated reduction in copper production of 60 to 70 kt with the majority of the impact anticipated this
financial year.
Antamina copper production for the nine months ended March 2015 decreased by 32 per cent to 80 kt as lower
grades more than offset record mill throughput. Average copper grades at Antamina are expected to remain broadly
unchanged in the June 2015 quarter, consistent with the mine plan.
Lead – Lead production for the nine months ended March 2015 was in line with the prior period.
Silver – Silver production for the nine months ended March 2015 decreased by eight per cent as higher mill
throughput at Antamina and Cannington was more than offset by lower ore grades at both operations, consistent with
the mine plans.
Zinc – Zinc production for the nine months ended March 2015 increased by 29 per cent and primarily reflected
increased mill throughput and higher grades at Antamina and Cannington.
Uranium – Uranium production for the nine months ended March 2015 decreased by 13 per cent as a result of the
mill outage at Olympic Dam.
Projects
Capital Initial
Project and expenditure production
ownership (US$m) target date Capacity Progress
Escondida Organic 4,199 H1 CY15 New concentrator with 152 ktpd capacity. On schedule and revised budget. The
Growth Project 1 overall project is 98% complete.
(Chile)
57.5%
Escondida Water 3,430 CY17 New desalination facility to ensure On schedule and budget. The overall
Supply continued water supply to Escondida. project is 37% complete.
(Chile)
57.5%
Iron Ore
Production
MAR MAR MAR YTD15 MAR Q15 MAR Q15
2015 2015 vs vs vs
YTD QTR MAR YTD14 MAR Q14 DEC Q14
Iron ore (kt) 172,422 58,979 17% 20% 5%
Iron ore – Total iron ore production for the nine months ended March 2015 increased by 17 per cent to a record 172
Mt. Production for the 2015 financial year is now expected to be 230 Mt, two per cent higher than prior guidance.
Western Australia Iron Ore (WAIO) production for the nine months ended March 2015 increased by 16 per cent to a
record 188 Mt (100 per cent basis). This result was underpinned by continued improvement in the performance of our
integrated supply chain, the successful ramp-up of the Jimblebar mining hub to a rate in excess of 45 Mtpa, and the
relatively limited impact of the wet season. WAIO also achieved record sales volumes of 190 Mt (100 per cent basis)
as our strategy of increasing the percentage of direct to ship ore unlocked port capacity.
WAIO production for the 2015 financial year is now expected to be 250 Mt (100 per cent basis), two per cent higher
than prior guidance. 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. The potential of our installed infrastrcuture continues
to exceed expectations and as a result we are deferring the Inner Harbour Debottlenecking project. While this will lead to
a slower path to system capacity of 290 Mtpa it will come at a lower capital cost.
Samarco production for the nine months ended March 2015 increased by 37 per cent to a record 22 Mt (100 per cent
basis) as the fourth pellet plant reached full capacity during the period.
Coal
Production
MAR MAR MAR YTD15 MAR Q15 MAR Q15
2015 2015 vs vs vs
YTD QTR MAR YTD14 MAR Q14 DEC Q14
Metallurgical coal (kt) 37,765 11,458 14% 0% (15%)
Energy coal (kt) 56,173 19,714 2% 11% 6%
Metallurgical coal – Metallurgical coal production for the nine months ended March 2015 increased by 14 per cent to
a record 38 Mt. Production for the 2015 financial year is now expected to be 49 Mt, four per cent higher than prior
guidance.
Record production and sales volumes at Queensland Coal for the nine months ended March 2015, reflected the
successful ramp-up of the Caval Ridge mine and sustained improvements in truck and wash-plant utilisation across
the operations. Production declined by 13 per cent from the December 2014 quarter as a result of a longwall move at
Crinum and wet weather.
Illawarra Coal achieved record production for the nine months ended March 2015 of 6.5 Mt as maintenance
efficiencies supported higher equipment utilisation rates. Longwall moves at Dendrobium and West Cliff led to a
25 per cent decline in volumes during the March 2015 quarter.
Energy coal – Energy coal production for the nine months ended March 2015 increased by two per cent to 56 Mt.
Guidance for the 2015 financial year remains unchanged at 73 Mt.
South Africa Energy Coal production for the nine months ended March 2015 increased by 15 per cent and reflected
improved equipment utilisation and optimised mine planning. This was partially offset by lower production at Cerrejón
as a result of drought conditions and the need to manage dust emissions, and lower customer demand for our Navajo
Coal product.
Projects
Capital Initial
Project and expenditure production
ownership (US$m) target date Capacity Progress
Hay Point Stage 1,505(7) CY15 Increases port capacity from 44 Mtpa to On revised schedule and budget. The
Three Expansion 55 Mtpa and reduces storm vulnerability. overall project is 96% complete. First coal
(Australia) loaded on 12 January 2015.
50%
Appin Area 9 845 CY16 Maintains Illawarra Coal’s production On schedule and budget. The overall
(Australia) capacity with a replacement mining project is 81% complete.
100% domain and capacity to produce 3.5 Mtpa
of metallurgical coal.
Aluminium, Manganese and Nickel
Production
MAR MAR MAR YTD15 MAR Q15 MAR Q15
2015 2015 vs vs vs
YTD QTR MAR YTD14 MAR Q14 DEC Q14
Alumina (kt) 3,881 1,248 1% 0% (11%)
Aluminium (kt) 762 245 (15%) (14%) (4%)
Manganese ores (kt) 6,604 2,049 9% 14% (11%)
Manganese alloys (kt) 554 182 19% 12% (10%)
Nickel (kt) 102.4 32.5 (9%) (5%) (5%)
Alumina – Alumina production was broadly unchanged for the nine months ended March 2015 at 3.9 Mt and included
record production at the Alumar refinery. Worsley volumes decreased by 12 per cent from the December 2014
quarter, which benefitted from the processing of stockpiled hydrate.
Aluminium – Aluminium production for the nine months ended March 2015 decreased by 15 per cent to 762 kt
despite record production at Mozal. Lower volumes primarily reflected the cessation of smelting activities at Bayside
and the temporary suspension of potlines II and III at Alumar in the 2014 financial year, and the planned replacement
of transformers at Hillside. Production at Hillside and Mozal remains robust despite the increased frequency of load shedding.
On 30 March 2015, BHP Billiton announced that South32 had agreed with Alcoa, its joint venture partner and operator
of the Alumar aluminium smelter, to suspend potline I from 15 April 2015. All three potlines will continue to be subject
to ongoing review, having regard to market conditions.
Manganese ores – Manganese ore production for the nine months ended March 2015 increased by nine per cent to
6.6 Mt as an increase in plant availability at Wessels and an improvement in ore recovery at Mamatwan underpinned
record production at Hotazel. Higher mill throughput and grades at GEMCO partially offset adverse weather conditions
in the March 2015 quarter.
Manganese alloys – Manganese alloy production for the nine months ended March 2015 increased by 19 per cent to
554 kt as Metalloys and TEMCO benefitted from improved smelter stability and availability.
Nickel – Nickel production for the nine months ended March 2015 decreased by nine per cent to 102 kt. Lower Nickel
West production reflected the closure of the Perseverance underground mine in November 2013 and an unplanned
outage at the Kwinana refinery, while lower grades affected Cerro Matoso production. Production for the 2015
financial year at Nickel West is now expected to be 90 kt, while guidance at Cerro Matoso remains unchanged at 43kt.
Minerals exploration
Minerals exploration expenditure for the nine months ended March 2015 was US$203 million, of which US$148 million
was expensed. Greenfield minerals exploration is predominantly focused on advancing copper targets within Chile,
Peru and the South-West United States.
Variance analysis relates to the relative performance of BHP Billiton and/or its operations during the nine months ended March 2015 compared with
the nine months ended 2014, unless otherwise noted. Production volumes, sales volumes and capital and exploration expenditure from subsidiaries
are reported on a 100 per cent basis; production volumes, sales volumes and capital and exploration expenditure from equity accounted
investments and other operations are reported on a proportionate consolidation basis. Production and sales volumes for our manganese operations
are reported on a 100 per cent basis.
The following footnotes apply to this Operational Review:
(1) Copper equivalent production based on FY13 average realised product prices.
(2) Excludes Pinto Valley which was sold during the 2014 financial year.
(3) Unit cash cost excluding freight and royalties.
(4) Excludes Liverpool Bay which was sold during the 2014 financial year.
(5) Change in productive well count includes the reduction associated with the divestments of North Louisiana
conventional assets (Haynesville) and Pecos unconventional gas assets (Permian).
(6) 21,220 square kilometres 3D seismic acquisition completed over Trinidad and Tobago Blocks 3, 5, 6, 7, 14, 23a,
23b, 28 and 29.
(7) 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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BHP Billiton Limited ABN 49 004 028 077 BHP Billiton Plc Registration number 3196209
Registered in Australia Registered in England and Wales
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BHP BILLITON PRODUCTION SUMMARY
QUARTER ENDED YEAR TO DATE % CHANGE
MAR MAR MAR
YTD15 Q15 Q15
MAR DEC MAR MAR MAR vs vs vs
2014 2014 2015 2015 2014 MAR MAR DEC
YTD14 Q14 Q14
Petroleum
Crude oil, condensate and NGL (Mboe) 27,244 31,163 31,298 93,406 77,270 21% 15% 0%
Natural gas (bcf) 202.0 194.4 181.5 594.8 624.3 (5%) (10%) (7%)
Total petroleum production (MMboe) 60.9 63.6 61.5 192.5 181.3 6% 1% (3%)
Copper
Copper (kt) 413.9 423.7 460.0 1,273.1 1,257.1 1% 11% 9%
Lead (t) 47,577 50,111 40,604 140,289 141,861 (1%) (15%) (19%)
Zinc (t) 19,409 33,310 29,960 103,933 80,819 29% 54% (10%)
Gold (troy oz) 48,740 51,247 47,706 151,297 134,583 12% (2%) (7%)
Silver (troy koz) 8,757 7,620 7,529 24,217 26,295 (8%) (14%) (1%)
Uranium (t) 966 1,076 607 2,549 2,944 (13%) (37%) (44%)
Molybdenum (t) 281 75 151 266 1,118 (76%) (46%) 101%
Iron ore
Iron Ore (kt) 49,280 56,352 58,979 172,422 146,921 17% 20% 5%
Coal
Metallurgical coal (kt) 11,467 13,538 11,458 37,765 33,192 14% (0%) (15%)
Energy coal (kt) 17,723 18,622 19,714 56,173 55,129 2% 11% 6%
Aluminium, Manganese and Nickel
Alumina (kt) 1,250 1,398 1,248 3,881 3,853 1% (0%) (11%)
Aluminium (kt) 286 256 245 762 898 (15%) (14%) (4%)
Manganese ores (kt) 1,801 2,296 2,049 6,604 6,047 9% 14% (11%)
Manganese alloy (kt) 162 201 182 554 465 19% 12% (10%)
Nickel (kt) 34.1 34.2 32.5 102.4 112.3 (9%) (5%) (5%)
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 MAR JUN SEP DEC MAR MAR MAR
interest 2014 2014 2014 2014 2015 2015 2014
Petroleum
Production
Crude oil, condensate and NGL (Mboe) (1)
Onshore US 8,575 10,540 11,460 12,905 15,848 40,213 22,808
Coventional 18,669 18,337 19,485 18,258 15,450 53,193 54,462
Total 27,244 28,877 30,945 31,163 31,298 93,406 77,270
Natural gas (bcf)
Onshore US 109.7 118.9 113.6 110.3 99.9 323.8 329.9
Coventional 92.3 96.1 105.3 84.1 81.6 271.0 294.4
Total 202.0 215.0 218.9 194.4 181.5 594.8 624.3
Total petroleum production (MMboe) 60.9 64.7 67.4 63.6 61.5 192.5 181.3
Copper (2)
Copper
Payable metal in concentrate (kt)
Escondida(3) 57.5% 190.6 241.0 199.4 208.8 260.9 669.1 603.7
Antamina 33.8% 33.0 26.2 25.7 27.3 26.7 79.7 117.3
Pinto Valley 100% - - - - - - 12.5
Total 223.6 267.2 225.1 236.1 287.6 748.8 733.5
Cathode (kt)
Escondida(3) 57.5% 75.8 81.5 69.3 75.0 77.3 221.6 226.5
Pampa Norte(4) 100% 63.4 66.8 55.8 69.6 66.5 191.9 166.3
Pinto Valley 100% - - - - - - 0.9
Olympic Dam 100% 51.1 54.5 39.2 43.0 28.6 110.8 129.9
Total 190.3 202.8 164.3 187.6 172.4 524.3 523.6
Total Copper 413.9 470.0 389.4 423.7 460.0 1,273.1 1,257.1
Lead
Payable metal in concentrate (t)
Cannington 100% 47,214 45,768 48,941 49,625 40,111 138,677 140,760
Antamina 33.8% 363 397 633 486 493 1,612 1,101
Total 47,577 46,165 49,574 50,111 40,604 140,289 141,861
Zinc
Payable metal in concentrate (t)
Cannington 100% 10,074 15,666 19,927 17,039 16,389 53,355 42,230
Antamina 33.8% 9,335 13,450 20,736 16,271 13,571 50,578 38,589
Total 19,409 29,116 40,663 33,310 29,960 103,933 80,819
Gold
Payable metal in concentrate (troy oz)
Escondida(3) 57.5% 20,110 20,920 21,980 12,710 21,265 55,955 51,984
Olympic Dam (refined gold) 100% 28,630 38,785 30,364 38,537 26,441 95,342 82,550
Pinto Valley 100% - - - - - - 49
Total 48,740 59,705 52,344 51,247 47,706 151,297 134,583
Silver
Payable metal in concentrate (troy koz)
Escondida(3) 57.5% 1,078 1,320 1,159 958 1,355 3,472 2,951
Antamina 33.8% 961 843 954 885 872 2,711 3,516
Cannington 100% 6,465 6,029 6,701 5,534 5,130 17,365 19,132
Olympic Dam (refined silver) 100% 253 317 254 243 172 669 655
Pinto Valley 100% - - - - - - 41
Total 8,757 8,509 9,068 7,620 7,529 24,217 26,295
Uranium
Payable metal in concentrate (t)
Olympic Dam 100% 966 1,044 866 1,076 607 2,549 2,944
Total 966 1,044 866 1,076 607 2,549 2,944
Molybdenum
Payable metal in concentrate (t)
Antamina 33.8% 281 83 40 75 151 266 1,118
Total 281 83 40 75 151 266 1,118
Iron Ore
Production (kt)(5)
Newman 85% 15,470 16,766 16,707 16,012 14,916 47,635 40,149
Yarrie 85% 206 - - - - - 836
Area C Joint Venture 85% 11,282 12,481 13,265 11,314 13,201 37,780 34,479
Yandi Joint Venture 85% 15,622 17,615 16,607 17,694 16,798 51,099 50,903
Jimblebar(6) 85% 2,721 3,740 3,971 2,813 4,513 11,297 5,123
Wheelarra 85% 1,698 2,973 3,115 4,755 5,965 13,835 7,580
Samarco 50% 2,281 3,068 3,426 3,764 3,586 10,776 7,851
Total 49,280 56,643 57,091 56,352 58,979 172,422 146,921
Coal
Metallurgical coal
Production (kt)(7)
BMA 50% 7,461 7,596 8,228 9,009 7,602 24,839 21,660
BHP Mitsui Coal (8) 80% 1,995 2,143 2,204 2,128 2,057 6,389 6,166
Illawarra 100% 2,011 2,147 2,337 2,401 1,799 6,537 5,366
Total 11,467 11,886 12,769 13,538 11,458 37,765 33,192
Energy coal
Production (kt)
South Africa(9) 90% 7,398 8,013 8,026 8,499 9,240 25,765 22,371
USA 100% 2,359 2,412 2,690 2,512 2,247 7,449 8,400
Australia 100% 5,018 5,030 4,752 4,608 5,252 14,612 14,934
Colombia 33.3% 2,948 2,908 2,369 3,003 2,975 8,347 9,424
Total 17,723 18,363 17,837 18,622 19,714 56,173 55,129
Aluminium, Manganese and Nickel
Alumina
Saleable production (kt)
Worsley 86% 936 1,010 893 1,060 937 2,890 2,906
Alumar 36% 314 315 342 338 311 991 947
Total 1,250 1,325 1,235 1,398 1,248 3,881 3,853
Aluminium
Production (kt)
Hillside 100% 172 176 180 176 168 524 539
Bayside 100% 23 18 - - - - 71
Alumar 40% 26 15 13 13 12 38 89
Mozal 47.1% 65 67 68 67 65 200 199
Total 286 276 261 256 245 762 898
Manganese ores
Saleable production (kt)
South Africa(10) 44.4% 782 936 1,049 1,007 913 2,969 2,590
Australia(10) 60% 1,019 1,319 1,210 1,289 1,136 3,635 3,457
Total 1,801 2,255 2,259 2,296 2,049 6,604 6,047
Manganese alloy
Saleable production (kt)
South Africa(10)(11) 60% 91 106 112 121 114 347 271
Australia(10) 60% 71 75 59 80 68 207 194
Total 162 181 171 201 182 554 465
Nickel
Saleable production (kt)
Cerro Matoso 99.9% 9.8 10.2 10.7 10.5 10.6 31.8 34.1
Nickel West 100% 24.3 20.7 25.0 23.7 21.9 70.6 78.2
Total 34.1 30.9 35.7 34.2 32.5 102.4 112.3
Refer footnotes on page 15.
(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) Metallurgical coal production is reported on the basis of saleable product. Production figures include some thermal coal.
(8) Shown on 100% basis. BHP Billiton interest in saleable production is 80%.
(9) Shown on 100% basis. BHP Billiton interest in saleable production is 90%.
(10) Shown on 100% basis. BHP Billiton interest in saleable production is 60%, except Hotazel Manganese Mines which is
44.4%.
(11) Production includes Medium Carbon Ferro Manganese.
PRODUCTION AND SALES REPORT
QUARTER ENDED YEAR TO DATE
MAR JUN SEP DEC MAR MAR MAR
2014 2014 2014 2014 2015 2015 2014
Petroleum
Crude oil, condensate and NGL (Mboe)
Crude oil and condensate
Bass Strait 2,095 2,355 2,818 2,284 1,156 6,258 6,300
North West Shelf 1,504 1,408 1,501 1,395 1,355 4,251 4,866
Stybarrow 282 255 225 248 194 667 947
Pyrenees 2,386 2,075 2,109 1,901 1,709 5,719 5,388
Other Australia(1) 11 14 17 11 11 39 37
Atlantis(2) 3,734 4,114 4,175 3,740 3,645 11,560 10,675
Mad Dog(2) 704 187 390 877 720 1,987 1,932
Shenzi(2) 3,467 3,530 3,530 3,502 3,283 10,315 10,135
Eagle Ford(3) 5,215 6,593 7,060 8,098 10,837 25,995 13,869
Permian(3) 356 463 601 807 856 2,264 958
Haynesville(3)(4) 18 13 16 4 - 20 44
Trinidad/Tobago 279 248 252 227 196 675 913
Other Americas(2)(5) 329 371 349 500 348 1,197 1,080
UK(6) 254 27 34 77 64 175 701
Algeria 1,069 996 1,011 1,050 975 3,036 3,367
Pakistan 49 37 38 33 27 98 163
Total 21,752 22,686 24,126 24,754 25,376 74,256 61,375
NGL
Bass Strait 1,621 2,026 2,161 1,512 961 4,634 5,225
North West Shelf 276 288 293 273 268 834 909
Atlantis(2) 288 111 248 294 245 787 891
Mad Dog(2) 36 39 21 42 37 100 98
Shenzi(2) 280 252 271 260 235 766 798
Eagle Ford(3) 2,775 3,179 3,421 3,638 3,868 10,927 7,299
Permian(3) 211 292 362 358 287 1,007 636
Haynesville(3)(4) - - - - - - 2
Other Americas (2)(5) 2 - 38 25 14 77 23
UK (6) 3 4 4 7 7 18 14
Total 5,492 6,191 6,819 6,409 5,922 19,150 15,895
Total crude oil, condensate and NGL 27,244 28,877 30,945 31,163 31,298 93,406 77,270
Natural gas (bcf)
Bass Strait 21.2 30.5 33.3 18.8 18.3 70.4 78.1
North West Shelf 31.4 31.8 36.9 33.4 32.8 103.1 95.9
Other Australia(1) 13.2 13.6 16.4 13.0 14.1 43.5 37.6
Atlantis(2) 1.8 1.9 1.7 2.3 1.7 5.7 4.9
Mad Dog(2) 0.1 0.1 0.1 0.1 0.1 0.3 0.3
Shenzi(2) 0.8 0.8 0.8 0.8 0.7 2.3 2.4
Eagle Ford(3) 23.9 30.8 28.5 26.3 27.7 82.5 72.1
Permian(3) 2.2 2.5 3.0 2.8 2.1 7.9 6.5
Haynesville(3)(4) 46.3 45.7 45.7 43.6 37.8 127.1 137.8
Fayetteville(3) 37.3 39.9 36.4 37.6 32.3 106.3 113.5
Trinidad/Tobago 9.3 9.1 8.8 7.8 7.2 23.8 28.9
Other Americas(2)(5) 0.2 0.2 0.2 0.2 0.2 0.6 0.8
UK(6) 5.4 0.8 0.7 1.4 1.1 3.2 15.1
Pakistan 8.9 7.3 6.4 6.3 5.4 18.1 30.4
Total 202.0 215.0 218.9 194.4 181.5 594.8 624.3
Total petroleum production (MMboe)(7) 60.9 64.7 67.4 63.6 61.5 192.5 181.3
(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) Haynesville includes North Louisiana Conventional. BHP Billiton completed the sale of North Louisiana Conventional on 17
November 2014.
(5) Other Americas includes Neptune, Genesis and Overriding Royalty Interest.
(6) 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.
(7) Total boe conversions are based on 6,000 scf of natural gas equals 1 boe.
PRODUCTION AND SALES REPORT
QUARTER ENDED YEAR TO DATE
MAR JUN SEP DEC MAR MAR MAR
2014 2014 2014 2014 2015 2015 2014
Copper
Metals production is payable metal unless otherwise stated.
Escondida, Chile(1)
Material mined (kt) 96,420 94,673 101,920 113,522 110,607 326,049 283,978
Sulphide ore milled (kt) 21,051 21,438 20,651 18,354 21,382 60,387 58,911
Average copper grade (%) 1.12% 1.33% 1.20% 1.45% 1.49% 1.38% 1.26%
Production ex mill (kt) 195.5 235.6 205.5 215.5 266.3 687.3 620.5
Production
Payable copper(2) (kt) 190.6 241.0 199.4 208.8 260.9 669.1 603.7
Payable gold concentrate (troy oz) 20,110 20,920 21,980 12,710 21,265 55,955 51,984
Copper cathode (EW) (kt) 75.8 81.5 69.3 75.0 77.3 221.6 226.5
Payable silver concentrate (troy koz) 1,078 1,320 1,159 958 1,355 3,472 2,951
Sales
Payable copper (kt) 173.2 239.1 203.3 203.2 269.6 676.1 593.6
Payable gold concentrate (troy oz) 20,889 20,920 21,980 12,710 21,265 55,955 51,981
Copper cathode (EW) (kt) 76.4 83.3 64.1 79.8 64.9 208.8 226.1
Payable silver concentrate (troy koz) 1,046 1,320 1,159 958 1,355 3,472 2,958
(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) 15,939 17,087 15,517 16,124 15,030 46,671 49,197
Ore milled (kt) 4,508 4,016 4,189 4,446 4,501 13,136 13,170
Average copper grade (%) 0.75% 0.76% 0.77% 0.70% 0.68% 0.72% 0.76%
Production
Copper cathode (EW) (kt) 22.0 21.3 15.7 20.6 21.5 57.8 59.0
Sales
Copper cathode (EW) (kt) 12.4 28.7 20.0 21.0 22.0 63.0 47.3
Spence
Material mined (kt) 25,037 25,962 24,238 23,422 21,429 69,089 77,279
Ore milled (kt) 4,735 3,775 4,409 4,560 3,783 12,752 14,383
Average copper grade (%) 1.23% 1.30% 1.33% 1.20% 1.06% 1.20% 1.20%
Production
Copper cathode (EW) (kt) 41.4 45.5 40.1 49.0 45.0 134.1 107.3
Sales
Copper cathode (EW) (kt) 40.0 49.6 36.9 51.8 45.0 133.7 101.8
Metals production is payable metal unless otherwise stated.
Antamina, Peru
Material mined (100%) (kt) 45,837 49,797 54,675 43,793 49,787 148,255 153,137
Sulphide ore milled (100%) (kt) 11,729 12,756 12,370 13,594 12,880 38,844 36,015
Average head grades
- Copper (%) 1.00% 0.77% 0.81% 0.74% 0.79% 0.78% 1.12%
- Zinc (%) 0.54% 0.58% 0.84% 0.66% 0.69% 0.73% 0.61%
Production
Payable copper (kt) 33.0 26.2 25.7 27.3 26.7 79.7 117.3
Payable zinc (t) 9,335 13,450 20,736 16,271 13,571 50,578 38,589
Payable silver (troy koz) 961 843 954 885 872 2,711 3,516
Payable lead (t) 363 397 633 486 493 1,612 1,101
Payable molybdenum (t) 281 83 40 75 151 266 1,118
Sales
Payable copper (kt) 30.2 26.5 26.3 29.8 26.5 82.6 116.0
Payable zinc (t) 10,158 14,527 12,912 21,459 15,545 49,916 44,678
Payable silver (troy koz) 910 893 896 1,026 915 2,837 3,780
Payable lead (t) 405 521 320 711 461 1,492 1,070
Payable molybdenum (t) 347 142 50 90 163 303 1,200
Cannington, Australia
Material mined (kt) 773 806 823 925 813 2,561 2,640
Ore milled (kt) 779 821 819 850 791 2,460 2,381
Average head grades
- Silver (g/t) 311 286 301 246 247 265 299
- Lead (%) 7.3% 6.9% 7.1% 7.0% 6.3% 6.8% 7.1%
- Zinc (%) 2.4% 3.1% 3.8% 3.2% 3.2% 3.4% 2.9%
Production
Payable silver (troy koz) 6,465 6,029 6,701 5,534 5,130 17,365 19,132
Payable lead (t) 47,214 45,768 48,941 49,625 40,111 138,677 140,760
Payable zinc (t) 10,074 15,666 19,927 17,039 16,389 53,355 42,230
Sales
Payable silver (troy koz) 6,127 5,641 7,084 5,631 4,972 17,687 20,519
Payable lead (t) 43,649 41,607 51,197 48,482 40,341 140,020 147,334
Payable zinc (t) 11,020 15,708 15,450 18,028 17,057 50,535 46,547
Metals production is payable metal unless otherwise stated.
Olympic Dam, Australia
Material mined(1) (kt) 2,495 2,405 2,692 2,667 2,186 7,545 8,109
Ore milled (kt) 2,421 2,654 2,206 2,776 1,477 6,459 7,466
Average copper grade (%) 1.90% 1.91% 1.97% 1.70% 1.88% 1.83% 1.87%
Average uranium grade (kg/t) 0.54 0.51 0.61 0.52 0.56 0.56 0.53
Production
Copper cathode (ER) (kt) 48.4 51.3 36.9 39.9 26.3 103.1 121.9
Copper cathode (EW) (kt) 2.7 3.2 2.3 3.1 2.3 7.7 8.0
Uranium oxide concentrate (t) 966 1,044 866 1,076 607 2,549 2,944
Refined gold (troy oz) 28,630 38,785 30,364 38,537 26,441 95,342 82,550
Refined silver (troy koz) 253 317 254 243 172 669 655
Sales
Copper cathode (ER) (kt) 47.5 54.2 36.6 39.9 28.0 104.5 117.6
Copper cathode (EW) (kt) 2.5 3.0 2.5 3.1 2.7 8.3 7.4
Uranium oxide concentrate (t) 732 1,426 848 1,125 877 2,850 2,699
Refined gold (troy oz) 31,129 38,500 30,707 34,938 31,938 97,583 85,030
Refined silver (troy koz) 262 367 227 238 206 671 615
(1) Material mined refers to run of mine ore mined and hoisted.
PRODUCTION AND SALES REPORT
QUARTER ENDED YEAR TO DATE
MAR JUN SEP DEC MAR MAR MAR
2014 2014 2014 2014 2015 2015 2014
Iron ore
(kt)
Iron ore
Pilbara, Australia
Production(1)
Newman 15,470 16,766 16,707 16,012 14,916 47,635 40,149
Yarrie(2) 206 - - - - - 836
Area C Joint Venture 11,282 12,481 13,265 11,314 13,201 37,780 34,479
Yandi Joint Venture 15,622 17,615 16,607 17,694 16,798 51,099 50,903
Jimblebar(3) 2,721 3,740 3,971 2,813 4,513 11,297 5,123
Wheelarra(4) 1,698 2,973 3,115 4,755 5,965 13,835 7,580
Total 46,999 53,575 53,665 52,588 55,393 161,646 139,070
Total production (100%) 54,812 62,369 62,436 61,371 64,372 188,179 162,708
Sales
Lump 11,230 11,572 12,766 12,661 12,617 38,044 31,518
Fines 35,880 40,834 41,633 41,185 42,635 125,453 106,919
Total 47,110 52,406 54,399 53,846 55,252 163,497 138,437
Total sales (100%) 55,018 61,015 63,303 62,848 64,201 190,352 162,387
(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) Production from Wheelarra is processed via the Jimblebar processing hub.
Samarco, Brazil
Production(1) 2,281 3,068 3,426 3,764 3,586 10,776 7,851
Sales 2,036 3,077 3,303 4,151 2,876 10,330 7,737
(1) Iron ore production and sales are reported on a wet tonnes basis.
PRODUCTION AND SALES REPORT
QUARTER ENDED YEAR TO DATE
MAR JUN SEP DEC MAR MAR MAR
2014 2014 2014 2014 2015 2015 2014
Coal
(kt)
Metallurgical coal
Queensland Coal
Production(1)
BMA
Blackwater 1,759 1,625 1,777 1,775 1,569 5,121 5,105
Goonyella 2,041 1,553 2,144 2,350 1,951 6,445 5,777
Peak Downs 1,314 1,282 1,144 1,235 1,263 3,642 3,627
Saraji 1,108 1,058 1,022 1,257 1,033 3,312 3,500
Gregory Joint Venture 654 997 808 994 607 2,409 1,968
Daunia 585 518 628 617 489 1,734 1,683
Caval Ridge - 563 705 781 690 2,176 -
Total BMA 7,461 7,596 8,228 9,009 7,602 24,839 21,660
BHP Billiton Mitsui Coal(2)
South Walker Creek 1,312 1,323 1,391 1,236 1,282 3,909 3,923
Poitrel 683 820 813 892 775 2,480 2,243
Total BHP Billiton Mitsui Coal 1,995 2,143 2,204 2,128 2,057 6,389 6,166
Total Queensland Coal 9,456 9,739 10,432 11,137 9,659 31,228 27,826
Sales
Coking coal 7,030 7,250 7,306 8,379 7,118 22,803 19,670
Weak coking coal 2,594 2,358 2,859 2,670 2,720 8,249 7,496
Thermal coal 122 134 43 171 182 396 553
Total 9,746 9,742 10,208 11,220 10,020 31,448 27,719
(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) 2,011 2,147 2,337 2,401 1,799 6,537 5,366
Sales
Coking coal 1,581 1,761 1,617 1,830 1,810 5,257 4,160
Thermal coal 460 486 373 426 272 1,071 1,137
Total 2,041 2,247 1,990 2,256 2,082 6,328 5,297
(1) Metallurgical coal production is reported on the basis of saleable product. Production figures include some thermal coal.
Energy Coal
South Africa(1)
Production 7,398 8,013 8,026 8,499 9,240 25,765 22,371
Sales
Export 3,179 3,528 3,739 4,174 4,354 12,267 9,770
Local utility 3,478 4,498 4,367 4,650 4,753 13,770 11,832
Inland - - 36 84 168 288 -
Total 6,657 8,026 8,142 8,908 9,275 26,325 21,602
(1) Shown on 100% basis. BHP Billiton interest in saleable production is 90%.
New Mexico, USA
Production
Navajo Coal(1) 975 1,082 1,243 1,064 1,156 3,463 4,045
San Juan Coal 1,384 1,330 1,447 1,448 1,091 3,986 4,355
Total 2,359 2,412 2,690 2,512 2,247 7,449 8,400
Sales - local utility 2,360 2,382 2,723 2,592 2,177 7,492 8,439
(1) BHP Billiton completed the sale 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 5,018 5,030 4,752 4,608 5,252 14,612 14,934
Sales
Export 4,346 4,548 4,787 4,625 4,897 14,309 13,270
Inland 270 333 371 228 337 936 1,048
Total 4,616 4,881 5,158 4,853 5,234 15,245 14,318
Cerrejón, Colombia
Production 2,948 2,908 2,369 3,003 2,975 8,347 9,424
Sales - export 2,647 2,858 3,077 2,732 3,005 8,814 8,869
PRODUCTION AND SALES REPORT
QUARTER ENDED YEAR TO DATE
MAR JUN SEP DEC MAR MAR MAR
2014 2014 2014 2014 2015 2015 2014
Aluminium, Manganese and Nickel
(kt)
Alumina
Saleable production
Worsley, Australia 936 1,010 893 1,060 937 2,890 2,906
Alumar, Brazil 314 315 342 338 311 991 947
Total 1,250 1,325 1,235 1,398 1,248 3,881 3,853
Sales
Worsley, Australia 986 1,020 875 1,068 866 2,809 2,844
Alumar, Brazil 262 388 323 371 285 979 860
Total 1,248 1,408 1,198 1,439 1,151 3,788 3,704
Aluminium
Production
Hillside, South Africa 172 176 180 176 168 524 539
Bayside, South Africa(1) 23 18 - - - - 71
Alumar, Brazil 26 15 13 13 12 38 89
Mozal, Mozambique 65 67 68 67 65 200 199
Total 286 276 261 256 245 762 898
Sales
Hillside, South Africa 187 168 174 178 166 518 540
Bayside, South Africa(1) 24 24 - - - - 72
Alumar, Brazil 25 17 12 13 13 38 87
Mozal, Mozambique 72 62 64 73 66 203 214
Total 308 271 250 264 245 759 913
(1) Aluminium smelting at Bayside ceased with the closure of the final potline in June 2014.
Manganese Ores
Saleable production
South Africa(1) 782 936 1,049 1,007 913 2,969 2,590
Australia(1) 1,019 1,319 1,210 1,289 1,136 3,635 3,457
Total 1,801 2,255 2,259 2,296 2,049 6,604 6,047
Sales
South Africa(1) 915 931 999 983 1,024 3,006 2,549
Australia(1) 1,252 1,288 1,224 1,208 1,143 3,575 3,775
Total 2,167 2,219 2,223 2,191 2,167 6,581 6,324
Manganese alloy
Saleable production
South Africa(1)(2) 91 106 112 121 114 347 271
Australia (1) 71 75 59 80 68 207 194
Total 162 181 171 201 182 554 465
Sales
South Africa(1)(2) 113 112 115 109 116 340 288
Australia(1) 85 74 56 73 43 172 202
Total 198 186 171 182 159 512 490
(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 9.8 10.2 10.7 10.5 10.6 31.8 34.1
Sales 10.0 10.2 10.5 10.1 11.0 31.6 34.9
Nickel West, Australia
Saleable production
Nickel contained in concentrate 2.5 1.6 2.2 1.7 1.9 5.8 8.3
Nickel contained in finished matte 6.1 4.4 9.1 5.5 6.1 20.7 21.0
Nickel metal 15.7 14.7 13.7 16.5 13.9 44.1 48.9
Nickel production 24.3 20.7 25.0 23.7 21.9 70.6 78.2
Sales
Nickel contained in concentrate 2.3 1.6 2.1 1.6 2.0 5.7 7.8
Nickel contained in finished matte 5.3 6.2 6.6 7.4 6.4 20.4 20.5
Nickel metal 16.7 14.4 11.9 17.5 13.5 42.9 49.2
Nickel sales 24.3 22.2 20.6 26.5 21.9 69.0 77.5
Date: 22/04/2015 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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