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Update on BHP Billiton's Coal Business
BHP Billiton Plc
Registration number 3196209
Registered in England and Wales
Share code: BIL
ISIN: GB0000566504
Issued by: BHP Billiton Plc
Date: 21 June 2016
To: London Stock Exchange
JSE Limited
For Release: Immediately
Contact: Helen Ratsey +44 (0) 20 7802 7540
BHP Billiton Plc – Update on BHP Billiton's Coal Business Presentation
UK Listing Authority Submissions
The following document has today been submitted to the National Storage Mechanism
and will shortly be available for inspection at www.hemscott.com/nsm.do:
- Update on BHP Billiton’s Coal Business Presentation
The document may also be accessed via BHP Billiton’s website - www.bhpbilliton.com
BHP Billiton Plc Registration number 3196209
Registered in England and Wales
Registered Office: Neathouse Place London SW1V 1LH United Kingdom
A member of the BHP Billiton Group which is headquartered in Australia
Sponsor: UBS South Africa (Pty) Limited
NEWS RELEASE
Release Time IMMEDIATE
Date 21 June 2016
Release Number 14/16
BHP BILLITON PROVIDES AN UPDATE ON ITS COAL BUSINESS
BHP Billiton today outlined the path for its Coal business to improve returns by
unlocking productivity, reducing costs and releasing latent capacity.
President Operations Minerals Australia, Mike Henry, told investors at a Coal briefing
that the Company saw significant opportunity to further increase the competitiveness
of its coal operations – both in terms of costs and volumes.
“Rather than waiting for higher prices, we have been deliberate in shaping a quality,
focused portfolio that allows us to deliver value in challenging market conditions and
positions us well for an expected longer-term improvement in coal market
fundamentals,” Mr Henry said.
BHP Billiton’s Coal business has delivered over US$3 billion of productivity gains
since 2012 and is targeting another US$600 million by the end of the 2017 financial
year.
“While cost compression has been evident across the industry, we continue to work
hard under our new operating model to improve our performance,” Mr Henry said.
“Even in today’s difficult environment, all of our operations remain cash positive.”
BHP Billiton can also grow its Coal business by releasing low-cost, latent capacity as
well as by exercising high quality growth options if market conditions call for it.
The Group’s strong position in coal will be further supported by improving market
dynamics.
“The developing world needs steel, steel needs coking coal, and we have the
strongest resource position in the seaborne market,” Mr Henry said.
“Against the backdrop of greater uncertainty in the outlook for thermal coal, we are
confident that base demand in emerging economies will remain resilient for decades
to come and our higher quality coals position us well in an increasingly carbon
constrained world.”
Further information on BHP Billiton can be found at: bhpbilliton.com
Media Relations Investor Relations
Australia and Asia Australia and Asia
Eleanor Colonico Tara Dines
Tel: +61 3 9609 2360 Mobile +61 407 064 748 Tel: +61 3 9609 2222 Mobile: +61 499 249 005
Email: Eleanor.Colonico@bhpbilliton.com Email: Tara.Dines@bhpbilliton.com
Paul Hitchins Andrew Gunn
Tel: +61 3 9609 2592 Mobile +61 419 315 001 Tel: +61 3 9609 3575 Mobile: +61 402 087 354
Email: Paul.Hitchins@bhpbilliton.com Email: Andrew.Gunn@bhpbilliton.com
Amanda Saunders United Kingdom and South Africa
Tel: +61 3 9609 3935 Mobile +61 417 487 973
Email: Amanda.Saunders@bhpbilliton.com Rob Clifford
Tel: +44 20 7802 4131 Mobile: +44 7788 308 844
Fiona Hadley Email: Rob.Clifford@bhpbilliton.com
Tel: +61 3 9609 2211 Mobile +61 427 777 908
Email: Fiona.Hadley@bhpbilliton.com Americas
United Kingdom and South Africa James Wear
Tel: +1 212 310 1421 Mobile: +1 347 882 3011
Ruban Yogarajah Email: James.Wear@bhpbilliton.com
Tel: +44 207 802 4033 Mobile +44 7827 082 022
Email: Ruban.Yogarajah@bhpbilliton.com Joseph Suarez
Tel: +1 212 310 1422 Mobile: +1 646 400 3803
Jennifer White Email: Joseph.Suarez@bhpbilliton.com
Tel : +44 207 802 7462 Mobile +44 7827 253 764
Email: Jennifer.White@bhpbilliton.com
North America
Jaryl Strong
Tel: +1 713 499 5548 Mobile: +1 281 222 6627
Email: Jaryl.Strong@bhpbilliton.com
BHP Billiton Limited ABN 49 004 028 077 BHP Billiton Plc Registration number 3196209
Registered in Australia Registered in England and Wales
Registered Office: Level 18, 171 Collins Street Registered Office: Neathouse Place
Melbourne Victoria 3000 Australia London SW1V 1LH United Kingdom
Tel +61 1300 55 4757 Fax +61 3 9609 3015 Tel +44 20 7802 4000 Fax +44 20 7802 4111
Members of the BHP Billiton Group which is
headquartered in Australia
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