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BHP BILLITON PLC - Operational Review for the Year Ended 30 June 2015

Release Date: 22/07/2015 07:05
Code(s): BIL     PDF:  
Wrap Text
Operational Review for the Year Ended 30 June 2015

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



NEWS RELEASE
Release Time       IMMEDIATE
Date               22 July 2015
Number             15/15

                                  BHP BILLITON OPERATIONAL REVIEW
                                  FOR THE YEAR ENDED 30 JUNE 2015

- Group production(1) increased by 9% for the 2015 financial year. Over the past two years, production
  from our core portfolio grew by 27%.

- Petroleum production increased by 4% to a record 256 MMboe, supported by a 67% increase in
  Onshore US liquids volumes to 56 MMboe.

- Copper production(2) was unchanged at 1.7 Mt as strong operating performance at Escondida offset the
  impact of a mill outage at Olympic Dam.

- Western Australia Iron Ore production increased by 13% to a record 254 Mt (100% basis), underpinned
  by productivity gains across the integrated supply chain.

- Metallurgical coal production increased by 13% to a record 43 Mt.

- Three major projects achieved first production during the 2015 financial year, including the Escondida
  Organic Growth Project 1 which was completed in the June 2015 quarter.

- The demerger of South32 from BHP Billiton was successfully completed during the June 2015 quarter.

- Underlying attributable profit(3) in the June 2015 half year is expected to include additional charges in a
  range of approximately US$350 million to US$650 million (detail presented on page 2).


BHP Billiton Chief Executive Officer, Andrew Mackenzie, said: “Our businesses performed well over the
2015 financial year. We have improved the performance of our equipment, reduced costs, and increased
volumes despite a significant reduction in capital spend. Our simpler portfolio following the demerger of
South32 will help us maintain the pace of operational improvement, further supporting cash generation,
margins and returns.

"Better productivity will be the sole source of volume growth at Western Australia Iron Ore in the 2016
financial year with production forecast to increase by seven per cent and unit costs are expected to fall to
US$16 per tonne(4).

“In Petroleum, through improved recoveries and lower drilling costs, we expect to maintain
production in the Black Hawk and Permian in the 2016 financial year despite cutting annual shale
investment by over 50 per cent. Although our decision to cut spending in the Onshore US will mean
deferring gas volumes in the near term, we expect to realise greater value by developing our acreage
later.

“We remain confident that our focus on best-in-class performance together with our unrivalled asset
quality, optimal diversification and continued investment in high-return projects, will create long-term
value through the cycle and deliver superior returns to our shareholders.”

Information has been presented on a continuing operations basis to exclude the contribution from assets that were
demerged with South32, unless otherwise noted. Production and sales volumes from discontinued operations are
presented on pages 21 and 22.

Operational performance summary

Production for the 2015 financial year and guidance for the 2016 financial year are summarised in the
table below.
                                                                       FY15 vs             FY16           FY16e vs
Production                                 Q4 FY15             FY15       FY14         guidance               FY15

Petroleum (MMboe)                               63              256         4%              237               (7%)
Copper (Mt)                                    0.4              1.7       (1%)              1.5              (12%)
Iron ore (Mt)                                   60              233        14%              247                 6%
Metallurgical coal (Mt)                         11               43        13%               40               (6%)
Energy coal (Mt)                                11               41       (5%)               40               (2%)



Major development projects

At the end of the 2015 financial year, BHP Billiton had four major projects under development with a
combined budget of US$7.0 billion.

During the year three major projects achieved first production, namely: Escondida Oxide Leach Area
Project, BMA Hay Point Stage Three Expansion and Escondida Organic Growth Project 1. The
Escondida Organic Growth Project 1 was completed on schedule and revised budget during the June
2015 quarter and is now in the commissioning phase. It will not be reported in future Operational
Reviews.

Corporate update

BHP Billiton expects Underlying attributable profit in the June 2015 half year to include additional
charges in a range of approximately US$350 million to US$650 million as summarised in the table
below.

Additional charges to be recognised in the June 2015 half year (US$             Underlying                 Underlying
million)                                                                           EBIT(3)     attributable profit(3)

Impairments: Cerro Colorado, Copper projects, Neptune                           300 to 400                 200 to 300
Redundancies: predominately in our Copper Business                              200 to 300                 100 to 200
Rig termination: Onshore US                                                     100 to 200                  50 to 150
Total charges                                                                   600 to 900                 350 to 650


On 15 July 2015, BHP Billiton announced that it expects to recognise an impairment charge of
approximately US$2 billion post-tax (or approximately US$2.8 billion pre-tax) against the carrying value
of its Onshore US assets. The Hawkville field accounts for the substantial majority of this charge and the
remainder relates to the impairment of goodwill associated with the Petrohawk acquisition. This will be
reported as an exceptional item in the June 2015 half year.

The demerger of South32 from BHP Billiton was successfully completed during the period and shares in
South32 Limited have been distributed to eligible BHP Billiton shareholders. The Group expects to
recognise a net loss on demerger of approximately US$2.1 billion post-tax as an exceptional item in the
June 2015 half year(5). The amount is net of the fair value uplift as a result of the change in control of
the Manganese business, transaction costs and impairments to the assets upon South32 being
classified as held for sale.

Exceptional items to be recognised in the June 2015 half year
(US$ billion)                                                                                    Attributable profit

Impairment of Onshore US assets                                                                                 ~2.0
Net loss on demerger of South32(5)                                                                              ~2.1

The above guidance will be updated should material information or events arise as the Group finalises its
financial statements.

On 22 April 2015, the Group priced a three tranche Euro denominated bond under its Euro Medium
Term Note Programme. The Euro bond issue comprises EUR600 million Floating Rate Notes due 2020
paying interest at 3 month Euribor plus 35 basis points, EUR650 million 0.750% bonds due 2022 and
EUR750 million 1.500% bonds due 2030.

Marketing update

The average realised prices achieved for our major commodities are summarised in the table below. Iron
ore shipments, on average, were linked to the index price for the month of shipment, with price
differentials reflecting product quality. The majority of metallurgical coal and energy coal exports were
linked to the index price for the month of shipment or sold on the spot market, with price differentials
reflecting product quality.

                                                                                          FY15 vs   H2 FY15 vs   H2 FY15 vs
Average realised prices(6)                 FY14     H1 FY15        H2 FY15       FY15        FY14      H2 FY14      H1 FY15

Oil (crude and condensate) (US$/bbl)        102          85             52         68       (33%)        (49%)        (39%)

Natural gas (US$/Mscf)                     4.35        4.21           3.29       3.77       (13%)        (33%)        (22%)

US natural gas (US$/Mscf)                  4.10        3.89           2.59       3.27       (20%)        (46%)        (33%)

LNG (US$/Mscf)                            14.67       13.76           9.40      11.65       (21%)        (36%)        (32%)

Copper (US$/lb)(7)                         3.22        2.98           2.61       2.78       (14%)        (16%)        (12%)

Iron ore (US$/wmt, FOB)                     103          70             53         61       (41%)        (45%)        (24%)

Hard coking coal (US$/t)                    131         110             99        105       (20%)        (18%)        (10%)

Weak coking coal (US$/t)                    111          92             85         88       (21%)        (18%)         (8%)

Thermal coal (US$/t)(8)                      74          61             56         58       (22%)        (21%)         (8%)

Nickel metal (US$/t)                     15,273      16,905         13,688     15,301          0%        (18%)        (19%)


At 30 June 2015, the Group had 363 kt of outstanding copper sales that were revalued at a weighted
average price of US$2.61 per pound. The final price of these sales will be determined in the 2016
financial year. In addition, 350 kt of copper sales from the 2014 financial year were subject to a
finalisation adjustment in 2015. The provisional pricing and finalisation adjustments will decrease
earnings before interest and tax by US$382 million in the 2015 financial year (2014 financial year:
US$73 million increase).

Petroleum and Potash

Production
                                                                   JUN          JUN   JUN YTD15     JUN Q15     JUN Q15
                                                                  2015         2015          vs          vs          vs
                                                                   YTD          QTR   JUN YTD14     JUN Q14     MAR Q15
Crude oil, condensate and natural gas liquids (MMboe)            124.6         31.2         17%          8%          0%
Natural gas (bcf)                                                786.6        191.8        (6%)       (11%)          6%
Total petroleum products (MMboe)                                 255.7         63.2          4%        (2%)          3%


Total petroleum production – Total petroleum production for the 2015 financial year increased by four
per cent to a record 256 MMboe. Petroleum production is forecast to decrease by seven per cent in the
2016 financial year to 237 MMboe.

In Onshore US, further improvements in drilling and completions efficiency will support stable volumes in
the liquids-rich Black Hawk and Permian despite the lower level of capital spend in the 2016 financial
year. However, we anticipate a 19 per cent decline in the combined production of the predominantly gas-
rich Haynesville, Fayetteville and Hawkville fields as we continue to defer development of these assets
for longer-term value. Conventional volumes are expected to decrease by approximately four per cent to
125 MMboe as a result of planned maintenance programs and natural field decline.

Crude oil, condensate and natural gas liquids – Crude oil, condensate and natural gas liquids
production for the 2015 financial year increased by 17 per cent to 125 MMboe.

Onshore US liquids volumes for the 2015 financial year rose by 67 per cent to 56 MMboe, exceeding
guidance. 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 in the Gulf of Mexico was more than offset by
the impact of industrial action at Bass Strait, unplanned maintenance at North West Shelf in the June
2015 quarter and natural field decline across the portfolio. As anticipated, Stybarrow reached the end of
its field life and ceased production on 30 June 2015.

Natural gas – Natural gas production for the 2015 financial year declined by six per cent to 787 bcf.

Weaker seasonal demand at Bass Strait, along with lower Onshore US gas volumes as a result of the
decision to defer development activity for longer-term value, contributed to the reduction.

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 92% 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-CO 2 gas.                 project is 60% complete.
Plant
(Australia)
50% (non-operator)


Onshore US development activity

Onshore US drilling and development expenditure for the 2015 financial year was US$3.7 billion, of
which approximately US$400 million related to a reduction in capital creditors. Our Onshore US operated
rig count decreased from 24 to 10 during the 2015 financial year as we moved quickly in response to
lower prices and benefited from significant productivity improvements. We expect Onshore US capital
expenditure to be US$1.5 billion in the 2016 financial year with completions activity tailored to market
conditions.

2015 financial year                                                  Liquids focused areas                 Gas focused areas
(2014 financial year)                                            Eagle Ford           Permian        Haynesville      Fayetteville            Total

Capital expenditure(i)                      US$ billion           2.3 (3.1)          0.8 (0.5)         0.4 (0.4)         0.2 (0.2)        3.7 (4.2)

Rig allocation                              At period end            7 (17)              3 (4)             0 (3)             0 (0)          10 (24)

Net wells drilled and completed(ii)         Period total          188 (262)            45 (43)           25 (38)           45 (71)        303 (414)

Net productive wells(iii)                   At period end         836 (647)            75 (57)         395 (899)     1,070 (1,023)    2,377 (2,626)

(i)   Includes land acquisition, site preparation, drilling, completions, well site facilities, mid-stream infrastructure and pipelines.
(ii)  Can vary significantly between periods based on changes in rig activity and the inventory of wells drilled but not yet completed at period end.
(iii) Change in productive well count includes the reduction associated with the divestments of Pecos unconventional gas assets (Permian) and
      North Louisiana conventional assets (Haynesville).

Petroleum exploration

Exploration and appraisal wells drilled during the June 2015 quarter are summarised below.

Well          Location          Target      BHP Billiton        Spud date         Water depth        Total well   Status
                                            equity                                                   depth
Shenzi        Gulf of Mexico    Oil         44%                 9 April 2015      1,309 m            8,733 m      Plugged and abandoned;
North-2       GC609                         (operator)                                                            currently side-tracking

Shenzi        Gulf of Mexico    Oil         44%                 14 June 2015      1,309 m(9)         8,238 m      Drilling ahead
North-ST1     GC609                         (operator)


Petroleum exploration expenditure for the 2015 financial year was US$567 million, of which US$481
million was expensed. Activity for the period was largely focused on the Gulf of Mexico, Western
Australia and Trinidad and Tobago.

Potash

Project and              Investment
ownership                    (US$m)  Scope                                                Progress

Jansen Potash                 2,600  Investment to finish the excavation and lining of    The project is 46% complete and within the
(Canada)                             the production and service shafts, and to            approved budget. Shaft excavation is steadily
100%                                 continue the installation of essential surface       progressing following the successful redesign of
                                     infrastructure and utilities.                        the temporary liner.


Copper

Production
                                                                         JUN        JUN       JUN YTD15        JUN Q15        JUN Q15
                                                                        2015       2015              vs             vs             vs
                                                                         YTD        QTR       JUN YTD14        JUN Q14        MAR Q15

Copper (kt)                                                            1,708        435            (1%)           (7%)           (5%)

Lead (t)                                                               2,060        448             38%            13%           (9%)

Zinc (t)                                                              66,435     15,857             28%            18%            17%

Silver (troy koz)                                                      9,336      2,484            (3%)             0%             4%

Uranium oxide concentrate (t)                                          3,144        595           (21%)          (43%)           (2%)


Copper – Total copper production(2) for the 2015 financial year was unchanged at 1.7 Mt as strong
operating performance at Escondida offset the impact of a mill outage at Olympic Dam. Total copper
production is forecast to decrease by 12 per cent in the 2016 financial year to 1.5 Mt.

Escondida copper production for the 2015 financial year increased by six per cent to 1.23 Mt as an 11
per cent improvement in truck utilisation and higher grades more than offset the impact of severe wet
weather, water restrictions, industrial action and a power outage throughout Northern Chile. Escondida
copper production of approximately 940 kt is forecast for the 2016 financial year as increased
throughput, enabled by the completion of the Escondida Organic Growth Project 1 and operational
improvements, will only partly offset an anticipated 27 per cent decline in grade. In the medium term,
completion of the Escondida Water Supply project and the life extension of Los Colorados will enable
utilisation of three concentrators to offset grade decline and support a strong recovery in production.

Pampa Norte copper production for the 2015 financial year increased by seven per cent to 250 kt as
Spence benefited from higher recoveries. Production is forecast to remain at a similar level for the
2016 financial year.

Olympic Dam copper production for the 2015 financial year decreased by 32 per cent to 125 kt following
an electrical failure which caused a mill outage in January 2015. The mill safely resumed operation in
June 2015, ahead of schedule, and is expected to be fully ramped up by the end of July 2015 with an
associated increase in full year production anticipated.

Antamina copper production for the 2015 financial year decreased by 25 per cent to 108 kt as lower
grades more than offset record mill throughput. Higher average copper grades at Antamina are expected
to support an increase in copper volumes in the 2016 financial year.
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.   Mechanical completion achieved in Q2
Growth Project 1                                                                                CY15. Project completed on schedule
(Chile)                                                                                         and in line with revised budget.
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 52% complete.
(Chile)
57.5%


Iron Ore

Production
                                                                    JUN            JUN        JUN YTD15      JUN Q15      JUN Q15
                                                                   2015           2015               vs           vs           vs
                                                                    YTD            QTR        JUN YTD14      JUN Q14      MAR Q15

Iron ore (kt)                                                   232,508         60,086              14%           6%           2%

Iron ore – Total iron ore production for the 2015 financial year increased by 14 per cent to a record 233
Mt, exceeding full-year guidance. Total iron ore production is forecast to increase by six per cent in the
2016 financial year to 247 Mt.

Western Australia Iron Ore (WAIO) production of 254 Mt (100 per cent basis) represents a fifteenth
consecutive annual record and was underpinned by continued improvement in the performance of our
integrated supply chain and the successful ramp-up of the Jimblebar mining hub. Continued optimisation
of the port facilities and an increase in direct to ship ore resulted in record sales volumes of 256 Mt (100
per cent basis).

WAIO production for the 2016 financial year is forecast to increase to approximately 270 Mt (100 per
cent basis) as a result of improved processing efficiency at Mining Area C and Newman. Further
productivity improvements are expected to contribute to an increase in system capacity to 290 Mtpa over
time.

On 21 July 2015, BHP Billiton announced it had approved US$240 million (BHP Billiton share) to
purchase additional tugs and construct a new tug harbour at Port Hedland to improve the reliability of the
port facilities.

Samarco production increased by 33 per cent in the 2015 financial year to 29 Mt (100 per cent basis) as
the fourth pellet plant ramped up to full capacity during the March 2015 quarter.

Coal

Production
                                                                  JUN             JUN      JUN YTD15        JUN Q15      JUN Q15
                                                                 2015            2015             vs             vs           vs
                                                                  YTD             QTR      JUN YTD14        JUN Q14      MAR Q15

Metallurgical coal (kt)                                        42,621          11,393            13%            17%          18%
Energy coal (kt)                                               41,012          10,604           (5%)             2%           1%


Metallurgical coal – Metallurgical coal production for the 2015 financial year increased by 13 per cent to
a record 43 Mt.

Record production and sales volumes at Queensland Coal in the 2015 financial year were supported by
the successful ramp-up of the Caval Ridge mine and continued productivity improvements. An increase
in equipment and wash-plant utilisation rates underpinned record volumes at six other operations.
Production increased by 18 per cent from the March 2015 quarter which was affected by wet weather
and a longwall move at Crinum.

At current mining rates, operations at Crinum are expected to cease in the first quarter of the 2016
calendar year as the mine approaches the end of its economic reserve life.

Production is forecast to decrease in the 2016 financial year to 40 Mt as a result of the closure of
Crinum. Longwall moves at the Broadmeadow and Crinum mines, and wash-plant shutdowns at
Goonyella and Peak Downs mines are scheduled for the September 2015 quarter. Production is
expected to commence from the 1 Mtpa Haju mine in Indonesia during the 2016 financial year.

Energy coal – Energy coal production for the 2015 financial year decreased by five per cent to 41 Mt as
anticipated. Lower production reflected drought conditions and the need to manage dust emissions at
Cerrejón, as well as reduced customer demand for our Navajo Coal product.

On 2 July 2015, BHP Billiton announced that the sale agreement for the San Juan Mine to
Westmoreland Coal Company (WCC) had been executed. Subject to regulatory approval, the
transaction is expected to be completed at the end of this calendar year with WCC assuming full
operation of the mine from 1 January 2016.

Production is forecast to remain broadly unchanged in the 2016 financial year at 40 Mt(10).

Other

Production
                                                                 JUN             JUN      JUN YTD15        JUN Q15       JUN Q15
                                                                2015            2015             vs             vs            vs
                                                                 YTD             QTR      JUN YTD14        JUN Q14       MAR Q15
Nickel (kt)                                                     89.9            19.3           (9%)           (7%)         (12%)


Nickel – Nickel West production for the 2015 financial year decreased by nine per cent to 90 kt and
reflected the closure of the Perseverance underground mine in November 2013.

Mineral exploration

Minerals exploration expenditure in the 2015 financial year was US$267 million, of which US$199 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 2015 financial year compared with the
2014 financial year, unless otherwise noted. Production volumes, sales volumes and capital and exploration expenditure from subsidiaries are
reported on a 100 per cent basis; production and sales volumes from equity accounted investments and other operations are reported on a
proportionate consolidation basis.


The following footnotes apply to this Operational Review:
(1) Copper equivalent production based on average realised product prices for the 2013 financial year.
(2) Excludes Pinto Valley which was sold during the 2014 financial year.
(3) Underlying attributable profit and Underlying EBIT are used to reflect the underlying performance of BHP Billiton.
    Underlying attributable profit is Attributable profit excluding any exceptional items. Underlying EBIT is earnings before net
    finance costs, taxation and any exceptional items.
(4) Unit cash cost excluding freight and royalties. 2016 financial year guidance is based on an exchange rate of AUD/USD
    0.80.
(5) The net loss on demerger will be included as an exceptional item in profit after taxation from discontinued operations in the
    financial statements.
(6) Based on provisional, unaudited estimates. Prices exclude third party product and internal sales, and represent the
    weighted average of various sales terms (for example: FOB, CIF and CFR), unless otherwise noted.
(7) Includes third party product.
(8) Export sales only; excludes Cerrejón. Includes thermal coal sales from metallurgical coal mines.
(9) Well depth as at 30 June 2015; drilling still in progress.
(10)Guidance assumes a full year of production from the San Juan mine.

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.

Media Relations                                            Investor Relations

Australia                                                  Australia

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email: Eleanor.Nichols@bhpbilliton.com                     Jonathan Price
                                                           Tel: +44 20 7802 4131 Mobile: +44 7990 527 726
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 BHP BILLITON PRODUCTION SUMMARY

                                                            QUARTER ENDED                 YEAR TO DATE               % CHANGE
                                                                                                               JUN      JUN     JUN
                                                                                                              YTD15     Q15     Q15
                                                    JUN          MAR        JUN         JUN          JUN        vs       vs      vs
                                                                                                               JUN      JUN     MAR
                                                   2014         2015       2015        2015         2014      YTD14     Q14     Q15
 Petroleum
 Crude oil, condensate and NGL   (Mboe)          28,877       31,298     31,172     124,578      106,147        17%      8%     (0%)
 Natural gas                     (bcf)            215.0        181.5      191.8       786.6        839.3       (6%)    (11%)      6%
 Total petroleum products        (MMboe)           64.7         61.5       63.2       255.7        246.0         4%     (2%)      3%

 Copper
 Copper                          (kt)             470.0        460.0      435.2     1,708.3      1,727.1       (1%)     (7%)     (5%)
 Lead                            (t)                397          493        448       2,060        1,498        38%      13%     (9%)
 Zinc                            (t)             13,450       13,571     15,857      66,435       52,039        28%      18%      17%
 Gold                            (troy oz)       59,705       47,706     34,992     186,289      194,288       (4%)    (41%)    (27%)
 Silver                          (troy koz)       2,480        2,399      2,484       9,336        9,643       (3%)       0%       4%
 Uranium                         (t)              1,044          607        595       3,144        3,988      (21%)    (43%)     (2%)
 Molybdenum                      (t)                 83          151        206         472        1,201      (61%)     148%      36%

 Iron ore
 Iron Ore                        (kt)            56,643       58,979     60,086     232,508      203,564       14%        6%       2%

 Coal
 Metallurgical coal              (kt)             9,739        9,659     11,393      42,621       37,565        13%      17%      18%
 Energy coal                     (kt)            10,350       10,474     10,604      41,012       43,108       (5%)       2%       1%

 Other
 Nickel                          (kt)              20.7         21.9       19.3        89.9         98.9       (9%)     (7%)    (12%)


 Throughout this report figures in italics indicate that this figure has been adjusted since it was previously reported. Figures have been presented
 on a continuing operations basis to exclude the contribution from assets that were demerged with South32. Discontinued operations are
 presented on pages 21 and 22.

BHP BILLITON PRODUCTION
                                                                           QUARTER ENDED                                 YEAR TO DATE
                                           BHP Billiton          JUN         SEP        DEC       MAR          JUN        JUN        JUN
                                            interest            2014        2014       2014      2015         2015       2015       2014
Petroleum
Petroleum
Crude oil, condensate and NGL (Mboe) (1)
     Onshore US                                               10,540      11,460     12,905    15,848       15,413     55,626     33,348
     Conventional                                             18,337      19,485     18,258    15,450       15,759     68,952     72,799
     Total                                                    28,877      30,945     31,163    31,298       31,172    124,578    106,147

Natural Gas (bcf)
Onshore US                                                     118.9       113.6      110.3      99.9         96.4      420.2      448.8
Conventional                                                    96.1       105.3       84.1      81.6         95.4      366.4      390.5
Total                                                          215.0       218.9      194.4     181.5        191.8      786.6      839.3

Total petroleum production (MMboe)                              64.7        67.4       63.6      61.5         63.2      255.7      246.0

Copper (2)
Copper
Payable metal in concentrate (kt)
    Escondida (3)                             57.5%            241.0       199.4      208.8     260.9        247.0      916.1      844.7
    Antamina                                  33.8%             26.2        25.7       27.3      26.7         28.0      107.7      143.5
    Pinto Valley                               100%                -           -          -         -            -          -       12.5
    Total                                                      267.2       225.1      236.1     287.6        275.0    1,023.8    1,000.7

Cathode (kt)
    Escondida (3)                             57.5%             81.5        69.3       75.0      77.3         88.8      310.4      308.0
    Pampa Norte (4)                            100%             66.8        55.8       69.6      66.5         57.7      249.6      233.1
    Pinto Valley                               100%                -           -          -         -            -          -        0.9
    Olympic Dam                                100%             54.5        39.2       43.0      28.6         13.7      124.5      184.4
    Total                                                      202.8       164.3      187.6     172.4        160.2      684.5      726.4
    Total Copper                                               470.0       389.4      423.7     460.0        435.2    1,708.3    1,727.1

Lead
Payable metal in concentrate (t)
     Antamina                                 33.8%              397         633        486       493          448      2,060      1,498
     Total                                                       397         633        486       493          448      2,060      1,498

Zinc
Payable metal in concentrate (t)
     Antamina                                 33.8%           13,450      20,736     16,271    13,571       15,857     66,435     52,039
     Total                                                    13,450      20,736     16,271    13,571       15,857     66,435     52,039

Gold
Payable metal in concentrate (troy oz)
     Escondida (3)                            57.5%           20,920      21,980     12,710    21,265       25,554     81,509     72,904
     Olympic Dam (refined gold)                100%           38,785      30,364     38,537    26,441        9,438    104,780    121,335
     Pinto Valley                              100%                -           -          -         -            -          -         49
     Total                                                    59,705      52,344     51,247    47,706       34,992    186,289    194,288

Silver
Payable metal in concentrate (troy koz)
     Escondida (3)                           57.5%             1,320       1,159        958     1,355        1,314      4,786      4,271
     Antamina                                33.8%               843         954        885       872        1,115      3,826      4,359
     Olympic Dam (refined silver)             100%               317         254        243       172           55        724        972
     Pinto Valley                             100%                 -           -          -         -            -          -         41
     Total                                                     2,480       2,367      2,086     2,399        2,484      9,336      9,643

Uranium
Payable metal in concentrate (t)
     Olympic Dam                              100%             1,044         866      1,076       607          595      3,144      3,988
     Total                                                     1,044         866      1,076       607          595      3,144      3,988

Molybdenum
Payable metal in concentrate (t)
     Antamina                                33.8%                83          40         75       151          206        472      1,201
     Total                                                        83          40         75       151          206        472      1,201

Iron Ore
Iron Ore
Production (kt) (6)
     Newman                                    85%            16,766      16,707     16,012    14,916       16,062     63,697     56,915
     Yarrie                                    85%                 -           -          -         -            -          -        836
     Area C Joint Venture                      85%            12,481      13,265     11,314    13,201       12,214     49,994     46,960
     Yandi Joint Venture                       85%            17,615      16,607     17,694    16,798       17,452     68,551     68,518
     Jimblebar (6)                             85%             3,740       3,971      2,813     4,513        5,462     16,759      8,863
     Wheelarra                                 85%            2 ,973       3,115      4,755     5,965        5,159     18,994     10,553
     Samarco                                   50%             3,068       3,426      3,764     3,586        3,737     14,513     10,919
     Total                                                    56,643      57,091     56,352    58,979       60,086    232,508    203,564 

Coal
Metallurgical coal
Production (kt) (7)
     BMA                                       50%             7,596       8,228      9,009     7,602        9,023     33,862     29,256
     BHP Mitsui Coal(8)                        80%             2,143       2,204      2,128     2,057        2,370      8,759      8,309
     Total                                                     9,739      10,432     11,137     9,659       11,393     42,621     37,565

Energy Coal
Production (kt)
    USA                                       100%             2,412       2,690      2,512     2,247        2,574     10,023     10,812
    Australia                                 100%             5,030       4,752      4,608     5,252        5,086     19,698     19,964
    Colombia                                 33.3%             2,908       2,369      3,003     2,975        2,944     11,291     12,332
    Total                                                     10,350       9,811     10,123    10,474       10,604     41,012     43,108

Other
Nickel
Saleable production (kt)
     Nickel West                              100%              20.7        25.0       23.7      21.9         19.3       89.9       98.9
     Total                                                      20.7        25.0       23.7      21.9         19.3       89.9       98.9

 (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%.

PRODUCTION AND SALES REPORT
                                                                     QUARTER ENDED                            YEAR TO DATE
                                                         JUN        SEP         DEC        MAR        JUN        JUN        JUN
                                                        2014       2014        2014       2015       2015       2015       2014
Petroleum

Crude oil, condensate and NGL (Mboe)
Crude oil and condensate
   Bass Strait                                         2,355      2,818       2,284      1,156      1,707      7,965      8,655
   North West Shelf                                    1,408      1,501       1,395      1,355      1,215      5,466      6,274
   Stybarrow                                             255        225         248        194         93        760      1,202
   Pyrenees                                            2,075      2,109       1,901      1,709      1,435      7,154      7,463
   Other Australia (1)                                    14         17          11         11         13         52         51
   Atlantis (2)                                        4,114      4,175       3,740      3,645      3,110     14,670     14,789
   Mad Dog (2)                                           187        390         877        720        651      2,638      2,119
   Shenzi (2)                                          3,530      3,530       3,502      3,283      3,369     13,684     13,665
   Eagle Ford (3)                                      6,593      7,060       8,098     10,837      9,363     35,358     20,462
   Permian (3)                                           463        601         807        856      1,447      3,711      1,421
   Haynesville (3)(4)                                     13         16           4          -          -         20         57
   Trinidad/Tobago                                       248        252         227        196        562      1,237      1,161
   Other Americas (2)(5)                                 371        349         500        348        348      1,545      1,451
   UK (6)                                                 27         34          77         64         76        251        728
   Algeria                                               996      1,011       1,050        975        912      3,948      4,363
   Pakistan                                               37         38          33         27         25        123        200
   Total                                              22,686     24,126      24,754     25,376     24,326     98,582     84,061

   NGL
   Bass Strait                                         2,026      2,161       1,512        961      1,548      6,182      7,251
   North West Shelf                                      288        293         273        268        198      1,032      1,197
   Atlantis (2)                                          111        248         294        245        209        996      1,002
   Mad Dog (2)                                            39         21          42         37         20        120        137
   Shenzi (2)                                            252        271         260        235        174        940      1,050
   Eagle Ford (3)                                      3,179      3,421       3,638      3,868      4,183     15,110     10,478
   Permian (3)                                           292        362         358        287        420      1,427        928
   Haynesville (3)(4)                                      -          -           -          -          -          -          2
   Other Americas (2)(5)                                   -         38          25         14         11         88         23
   UK (6)                                                  4          4           7          7         83        101         18
   Total                                               6,191      6,819       6,409      5,922      6,846     25,996     22,086

   Total crude oil, condensate and NGL                28,877     30,945      31,163     31,298     31,172    124,578    106,147

Natual gas (bcf)
   Bass Strait                                          30.5       33.3        18.8       18.3       31.9      102.3      108.6
   North West Shelf                                     31.8       36.9        33.4       32.8       29.9      133.0      127.7
   Other Australia (1)                                  13.6       16.4        13.0       14.1       16.0       59.5       51.2
   Atlantis (2)                                          1.9        1.7         2.3        1.7        1.7        7.4        6.8
   Mad Dog (2)                                           0.1        0.1         0.1        0.1        0.1        0.4        0.4
   Shenzi (2)                                            0.8        0.8         0.8        0.7        0.7        3.0        3.2
   Eagle Ford (3)                                       30.8       28.5        26.3       27.7       26.1      108.6      102.9
   Permian (3)                                           2.5        3.0         2.8        2.1        3.0       10.9        9.0
   Haynesville (3) (4)                                  45.7       45.7        43.6       37.8       35.4      162.5      183.5
   Fayetteville (3)                                     39.9       36.4        37.6       32.3       31.9      138.2      153.4
   Trinidad/Tobago                                       9.1        8.8         7.8        7.2        9.1       32.9       38.0
   Other Americas (2) (5)                                0.2        0.2         0.2        0.2        0.1        0.7        1.0
   UK (6)                                                0.8        0.7         1.4        1.1        1.0        4.2       15.9
   Pakistan                                              7.3        6.4         6.3        5.4        4.9       23.0       37.7
   Total                                               215.0      218.9       194.4      181.5      191.8      786.6      839.3

Total petroleum products (MMboe) (7)                    64.7       67.4        63.6       61.5       63.2      255.7      246.0

Petroleum (continued)
Total petroleum products (MMboe) (7)
   Bass Strait                                           9.5       10.5         6.9        5.2        8.6       31.2       33.9
   North West Shelf                                      7.0        7.9         7.2        7.1        6.4       28.6       28.8
   Stybarrow                                             0.3        0.2         0.2        0.2        0.1        0.7        1.2
   Pyrenees                                              2.1        2.1         1.9        1.7        1.4        7.1        7.5
   Other Australia (1)                                   2.3        2.8         2.2        2.4        2.7       10.1        8.6
   Atlantis (2)                                          4.5        4.7         4.4        4.2        3.6       16.9       16.8
   Mad Dog (2)                                           0.2        0.4         0.9        0.8        0.7        2.8        2.3
   Shenzi (2)                                            3.9        3.9         3.9        3.6        3.7       15.1       15.3
   Eagle Ford (3)                                       14.9       15.2        16.1       19.3       17.9       68.5       48.1
   Permian (3)                                           1.2        1.5         1.6        1.5        2.4        7.0        3.9
   Haynesville (3) (4)                                   7.6        7.6         7.3        6.3        5.9       27.1       30.6
   Fayetteville (3)                                      6.7        6.1         6.3        5.4        5.3       23.1       25.6
   Trinidad/Tobago                                       1.8        1.7         1.5        1.4        2.1        6.7        7.5
   Other Americas (2) (5)                                0.4        0.4         0.6        0.4        0.4        1.8        1.6
   UK (6)                                                0.2        0.2         0.3        0.3        0.3        1.1        3.4
   Algeria                                               1.0        1.0         1.1        1.0        0.9        4.0        4.4
   Pakistan                                              1.3        1.1         1.1        0.9        0.8        3.9        6.5
   Total                                                64.9       67.3        63.5       61.7       63.2      255.7      246.0

 (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
                                                              JUN         SEP          DEC         MAR      JUN       JUN       JUN
                                                             2014        2014         2014        2015     2015      2015      2014
Copper
Metals production is payable metal unless otherwise stated.

Escondida, Chile (1)
  Material mined                    (kt)                   88,745      93,474      103,750      91,139   96,337   384,700   351,562
  Sulphide ore milled               (kt)                   21,438      20,651       18,354      21,382   22,909    83,296    80,349
  Average copper grade              (%)                     1.33%       1.20%        1.45%       1.49%    1.32%     1.36%     1.28%
  Production ex mill                (kt)                    235.6       205.5        215.5       266.3    249.6     936.9     856.1

  Production
  Payable copper (2)                (kt)                    241.0       199.4        208.8       260.9    247.0     916.1     844.7
  Payable gold concentrate          (troy oz)              20,920      21,980       12,710      21,265   25,554    81,509    72,904
  Copper cathode (EW)               (kt)                     81.5        69.3         75.0        77.3     88.8     310.4     308.0
  Payable silver concentrate        (troy koz)              1,320       1,159          958       1,355    1,314     4,786     4,271

  Sales
  Payable copper                    (kt)                    239.1       203.3        203.2       269.6    243.0     919.1     832.7
  Payable gold concentrate          (troy oz)              20,920      21,980       12,710      21,265   25,554    81,509    72,901
  Copper cathode (EW)               (kt)                     83.3        64.1         79.8        64.9    101.4     310.2     309.4
  Payable silver concentrate        (troy koz)              1,320       1,159          958       1,355    1,314     4,787     4,278

  (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)                   17,087      15,517       16,124      15,030   14,211    60,882    66,284
  Ore milled                        (kt)                    4,016       4,189        4,446       4,501    4,798    17,934    17,186
  Average copper grade              (%)                     0.76%       0.77%        0.70%       0.68%    0.70%     0.71%     0.76%

  Production
  Copper cathode (EW)               (kt)                     21.3        15.7         20.6        21.5     20.4      78.2      80.3

  Sales
  Copper cathode (EW)               (kt)                     28.7        20.0         21.0        22.0     20.8      83.8      76.0

  Spence
  Material mined                    (kt)                   25,962      24,238       23,422      21,429   21,062    90,151   103,241
  Ore milled                        (kt)                    3,775       4,409        4,560       3,783    4,082    16,834    18,158
  Average copper grade              (%)                     1.30%       1.33%        1.20%       1.06%    1.24%     1.21%     1.22%

  Production
  Copper cathode (EW)               (kt)                     45.5        40.1         49.0        45.0     37.3     171.4     152.8

  Sales
  Copper cathode (EW)               (kt)                     49.6        36.9         51.8        45.0     40.6     174.3     151.4

Copper (continued)
Metals production is payable metal unless otherwise stated.

Antamina, Peru
  Material mined (100%)             (kt)                   49,797      54,675       43,793      49,787   56,944   205,199   202,934
  Sulphide ore milled (100%)        (kt)                   12,756      12,370       13,594      12,880   14,831    53,675    48,771
  Average head grades
   - Copper                         (%)                     0.77%       0.81%        0.74%       0.79%    0.74%     0.77%     1.03%
   - Zinc                           (%)                     0.58%       0.84%        0.66%       0.69%    0.56%     0.68%     0.60%

  Production
  Payable copper                    (kt)                     26.2        25.7         27.3        26.7     28.0     107.7     143.5
  Payable zinc                      (t)                    13,450      20,736       16,271      13,571   15,857    66,435    52,039
  Payable silver                    (troy koz)                843         954          885         872    1,115     3,826     4,359
  Payable lead                      (t)                       397         633          486         493      448     2,060     1,498
  Payable molybdenum                (t)                        83          40           75         151      206       472     1,201

  Sales
  Payable copper                    (kt)                     26.5        26.3         29.8        26.5     26.3     108.9     142.5
  Payable zinc                      (t)                    14,527      12,912       21,459      15,545   13,645    63,561    59,205
  Payable silver                    (troy koz)                893         896        1,026         915      911     3,748     4,673
  Payable lead                      (t)                       521         320          711         461      624     2,116     1,591
  Payable molybdenum                (t)                       142          50           90         163      157       460     1,342

Olympic Dam, Australia
  Material mined (1)                (kt)                    2,405       2,692        2,667       2,186    1,773     9,318    10,514
  Ore milled                        (kt)                    2,654       2,206        2,776       1,477    1,469     7,928    10,120
  Average copper grade              (%)                     1.91%       1.97%        1.70%       1.88%    1.97%     1.86%     1.88%
  Average uranium grade             (kg/t)                   0.51        0.61         0.52        0.56     0.62      0.57      0.52

  Production
  Copper cathode (ER)               (kt)                     51.3        36.9         39.9       26.3      11.9     115.0     173.2
  Copper cathode (EW)               (kt)                      3.2         2.3          3.1        2.3       1.8       9.5      11.2
  Uranium oxide concentrate         (t)                     1,044         866        1,076        607       595     3,144     3,988
  Refined gold                      (troy oz)              38,785      30,364       38,537     26,441     9,438   104,780   121,335
  Refined silver                    (troy koz)                317         254          243        172        55       724       972

  Sales
  Copper cathode (ER)               (kt)                     54.2        36.6         39.9       28.0      12.7     117.2     171.8
  Copper cathode (EW)               (kt)                      3.0         2.5          3.1        2.7       1.8      10.1      10.4
  Uranium oxide concentrate         (t)                     1,426         848        1,125        877       921     3,771     4,125
  Refined gold                      (troy oz)              38,500      30,707       34,938     31,938     9,064   106,647   123,530
  Refined silver                    (troy koz)                367         227          238        206        61       732       982

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

PRODUCTION AND SALES REPORT
                                                                     QUARTER ENDED                                 YEAR TO DATE
                                                              JUN         SEP          DEC        MAR       JUN       JUN       JUN
                                                             2014        2014         2014       2015      2015      2015      2014
Iron Ore
(kt)

Iron ore
Pilbara, Australia
  Production (1)
  Newman                                                  16,766       16,707        16,012    14,916    16,062    63,697    56,915
  Yarrie (2)                                                   -            -             -         -         -         -       836
  Area C Joint Venture                                    12,481       13,265        11,314    13,201    12,214    49,994    46,960
  Yandi Joint Venture                                     17,615       16,607        17,694    16,798    17,452    68,551    68,518
  Jimblebar (3)                                            3,740        3,971         2,813     4,513     5,462    16,759     8,863
  Wheelarra (4)                                            2,973        3,115         4,755     5,965     5,159    18,994    10,553
  Total                                                   53,575       53,665        52,588    55,393    56,349   217,995   192,645
  Total production (100%)                                 62,369       62,436        61,371    64,372    65,330   253,509   225,077

  Sales
  Lump                                                    11,572       12,766        12,661    12,617    13,234    51,278    43,090
  Fines                                                   40,834       41,633        41,185    42,635    43,430   168,883   147,753
  Total                                                   52,406       54,399        53,846    55,252    56,664   220,161   190,843
  Total sales (100%)                                      61,015       63,303        62,848    64,201    65,703   256,055   223,402

 (1) Iron ore production and sales are reported on a wet tonnes basis.
 (2) Yarrie ceased production on 25 February 2014.
 (3) Shown on a 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)                                           3,068        3,426         3,764     3,586     3,737    14,513    10,919

  Sales                                                    3,077        3,303         4,151     2,876     3,627    13,957    10,814

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

PRODUCTION AND SALES REPORT
                                                                        QUARTER ENDED                             YEAR TO DATE
                                                            JUN           SEP          DEC        MAR       JUN       JUN      JUN
                                                           2014          2014         2014       2015      2015      2015     2014
Coal
(kt)

Metallurgical coal
Queensland Coal
  Production (1)
  BMA
  Blackwater                                              1,625        1,777        1,775       1,569     1,873     6,994    6,730
  Goonyella                                               1,553        2,144        2,350       1,951     2,065     8,510    7,330
  Peak Downs                                              1,282        1,144        1,235       1,263     1,469     5,111    4,909
  Saraji                                                  1,058        1,022        1,257       1,033     1,194     4,506    4,558
  Gregory Joint Venture                                     997          808          994         607       885     3,294    2,965
  Daunia                                                    518          628          617         489       649     2,383    2,201
  Caval Ridge                                               563          705          781         690       888     3,064      563
  Total BMA                                               7,596        8,228        9,009       7,602     9,023    33,862   29,256

  BHP Billiton Mitsui Coal (2)
  South Walker Creek                                      1,323        1,391        1,236       1,282     1,384     5,293    5,246
  Poitrel                                                   820          813          892         775       986     3,466    3,063
  Total BHP Billiton Mitsui Coal                          2,143        2,204        2,128       2,057     2,370     8,759    8,309
  Total Queensland Coal                                   9,739       10,432       11,137       9,659    11,393    42,621   37,565

  Sales
  Coking coal                                             7,250        7,306        8,379       7,118     7,616    30,419   26,920
  Weak coking coal                                        2,358        2,859        2,670       2,720     2,850    11,099    9,854
  Thermal coal                                              134           43          171         182       375       771      687
  Total                                                   9,742       10,208       11,220      10,020    10,841    42,289   37,461

 (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%.


Energy Coal
New Mexico, USA
  Production
  Navajo Coal (1)                                        1,082        1,243        1,064       1,156      1,395     4,858    5,127
  San Juan Coal                                          1,330        1,447        1,448       1,091      1,179     5,165    5,685
  Total                                                  2,412        2,690        2,512       2,247      2,574    10,023   10,812

  Sales - local utility                                  2,382        2,723        2,592       2,177      2,539    10,031   10,821

  (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                                             5,030        4,752        4,608       5,252      5,086    19,698   19,964

  Sales
  Export                                                 4,548        4,787        4,625       4,897      4,550    18,859   17,818
  Inland                                                   333          371          228         337        286     1,222    1,381
  Total                                                  4,881        5,158        4,853       5,234      4,836    20,081   19,199


Cerrejon, Colombia
  Production                                             2,908        2,369        3,003       2,975      2,944    11,291   12,332

  Sales - export                                         2,858        3,077        2,732       3,005      2,766    11,580   11,727


PRODUCTION AND SALES REPORT
                                                                        QUARTER ENDED                           YEAR TO DATE
                                                           JUN          SEP          DEC         MAR        JUN       JUN      JUN
                                                          2014         2014         2014        2015       2015      2015     2014
Other
(kt)

Nickel
Nickel West, Australia
  Saleable production
  Nickel contained in concentrate                         1.6           2.2          1.7        1.9         1.5       7.3      9.9
  Nickel contained in finished matte                      4.4           9.1          5.5        6.1         3.9      24.6     25.4
  Nickel metal                                           14.7          13.7         16.5       13.9        13.9      58.0     63.6
  Nickel production                                      20.7          25.0         23.7       21.9        19.3      89.9     98.9

  Sales
  Nickel contained in concentrate                         1.6           2.1          1.6        2.0         1.6       7.3      9.4
  Nickel contained in finished matte                      6.2           6.6          7.4        6.4         4.4      24.8     26.7
  Nickel metal                                           14.4          11.9         17.5       13.5        15.7      58.6     63.6
  Nickel sales                                           22.2          20.6         26.5       21.9        21.7      90.7     99.7

PRODUCTION AND SALES REPORT
                                                                       QUARTER ENDED                                  YEAR TO DATE
                                                          JUN           SEP          DEC        MAR         APR       APR      JUN
                                                         2014          2014         2014       2015        2015      2015     2014
Discontinued operations
Production shown for the 10 months until 30 April 2015.

Lead, Silver, Zinc
Cannington, Australia
  Material mined                    (kt)                  806           823          925        813         276     2,837    3,446
  Ore milled                        (kt)                  821           819          850        791         279     2,739    3,202
  Average head grades
   - Silver                         (g/t)                 286           301          246        247         183       256      296
   - Lead                           (%)                  6.9%          7.1%         7.0%       6.3%        5.6%      6.7%     7.1%
   - Zinc                           (%)                  3.1%          3.8%         3.2%       3.2%        3.5%      3.4%     3.0%

   Production
   Payable silver                   (troy koz)          6,029         6,701        5,534      5,130       1,353    18,718   25,161
   Payable lead                     (t)                45,768        48,941       49,625     40,111      12,920   151,597  186,528
   Payable zinc                     (t)                15,666        19,927       17,039     16,389       6,678    60,033   57,896

   Sales
   Payable silver                   (troy koz)          5,641         7,084        5,631      4,972       1,677    19,364   26,160
   Payable lead                     (t)                41,607        51,197       48,482     40,341      13,379   153,399  188,941
   Payable zinc                     (t)                15,708        15,450       18,028     17,057       7,282    57,817   62,255

Metallurgical coal
Illawarra, Australia
   Production (1)                   (kt)                2,147         2,337        2,401      1,799         679     7,216    7,513

   Sales
   Coking coal                      (kt)                1,761         1,617        1,830      1,810         551     5,808    5,921
   Thermal coal                     (kt)                  486           373          426        272          84     1,155    1,623
   Total                            (kt)                2,247         1,990        2,256      2,082         635     6,963    7,544
 
   (1) Metallurgical coal production is reported on the basis of saleable product. Production figures include some thermal coal.

Energy Coal
South Africa (1)
  Production                        (kt)                8,013         8,026        8,499      9,240       2,912    28,677   30,384

   Sales
   Export                           (kt)                3,528         3,739        4,174      4,354       1,528    13,795   13,298
   Local utility                    (kt)                4,498         4,367        4,650      4,753       1,410    15,180   16,330
   Inland                           (kt)                    -            36           84        168          63       351        -
   Total                            (kt)                8,026         8,142        8,908      9,275       3,001    29,326   29,628

(1) Shown on 100% basis. BHP Billiton interest in saleable production was 90% during the period.


Nickel
Cerro Matoso, Colombia
   Production                       (kt)                 10.2          10.7         10.5       10.6         1.9      33.7     44.3

   Sales                            (kt)                 10.2          10.5         10.1       11.0         2.4      34.0     45.1

Discontinued operations (continued)
Production shown for the 10 months until 30 April 2015.

Aluminia
   Sealable production
   Worsley, Australia               (kt)                1,010           893        1,060        937         291     3,181    3,916
   Alumar, Brazil                   (kt)                  315           342          338        311         112     1,103    1,262
   Total                            (kt)                1,325         1,235        1,398      1,248         403     4,284    5,178

   Sales
   Worsley, Australia               (kt)                1,020           875        1,068        866         354     3,163    3,864
   Alumar, Brazil                   (kt)                  388           323          371        285         104     1,083    1,248
   Total                            (kt)                1,408         1,198        1,439      1,151         458     4,246    5,112

Aluminium
   Production
   Hillside, South Africa           (kt)                  176           180          176        168          57       581      715
   Bayside, South Africa (1)        (kt)                   18             -            -          -           -         -       89
   Alumar, Brazil                   (kt)                   15            13           13         12           2        40      104
   Mozal, Mozambique                (kt)                   67            68           67         65          22       222      266
   Total                            (kt)                  276           261          256        245          81       843    1,174

   Sales   
   Hillside, South Africa           (kt)                  168           174          178        166          59       577      708
   Bayside, South Africa (1)        (kt)                   24             -            -          -           -         -       96
   Alumar, Brazil                   (kt)                   17            12           13         13           3        41      104
   Mozal, Mozambique                (kt)                   62            64           73         66          24       227      276
   Total                            (kt)                  271           250          264        245          86       845    1,184

   (1) Aluminum smelting at Bayside ceased with the closure of the final potline in June 2014.

Manganese ores
  Sealable Production
  South Africa (1)                  (kt)                  936         1,049        1,007        913         169     3,138    3,526
  Australia (1)                     (kt)                1,319         1,210        1,289      1,136         451     4,086    4,776
  Total                             (kt)                2,255         2,259        2,296      2,049         620     7,224    8,302

  Sales
  South Africa (1)                  (kt)                  931           999          983      1,024         281     3,287    3,480
  Australia (1)                     (kt)                1,288         1,224        1,208      1,143         325     3,900    5,063
  Total                             (kt)                2,219         2,223        2,191      2,167         606     7,187    8,543
  
Manganese alloys
  Sealable Production 
  South Africa (1) (2)              (kt)                  106           112          121        114          32       379      377
  Australia (1)                     (kt)                   75            59           80         68          26       233      269
  Total                             (kt)                  181           171          201        182          58       611      646

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

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