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BHPBill to expand Hunter Valley Mine
BHPBill announced approval of a USD400 million investment to expand Hunter Valley Energy Coal in New South Wales, Australia. The expansion, known as the RX1 Project (RX1), will enable Mt Arthur Coal's run-of-mine thermal coal production to increase by 4 million tonnes per annum (mtpa), to approximately 24 mtpa. RX1 is substantially a mine only expansion without an associated increase in coal preparation plant capacity. RX1 is expected to deliver first production in the second half of the 2013 calendar year. In addition to the employment generated by the project during construction, the RX1 expansion is expected to generate approximately 300 new, full time jobs.
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BHPBill -- metallurgical coal expansion
BHPBill approved three key metallurgical coal projects located in the Bowen Basin in Central Queensland, Australia. The projects will add 4.9 million tonnes of annual mine capacity (100% basis) through development of the Daunia operation and a new mining area at Broadmeadow. In addition, 11 million tonnes of annual port capacity (100% basis) will be developed at the Hay Point Coal Terminal. The total investment is USD5 billion, of which BHPBill's share is USD2.5 billion. The investment includes:
- USD1.6 billion (BHPBill share USD800 million) for development of the new Daunia mine, adjacent to Poitrel. The mine will have the capacity to produce 4.5 million tonnes per annum (mtpa) of export metallurgical coal through a new processing facility. First coal is expected in 2013.
- USD900 million (BHPBill share USD450 million) to extend the life of the Broadmeadow mine by a further 21 years. The investment will also increase productive capacity by 0.4 mtpa, to a new total capacity of 4.8 mtpa. The project is due for completion in 2013.
- USD2.5 billion (BHPBill share USD1.25 billion) for the Stage Three expansion of the BHPBill Mitsubishi Alliance's wholly owned Hay Point Coal Terminal, which will increase capacity from 44 mtpa to 55 mtpa. This investment also includes the replacement of the existing jetty to increase its ability to withstand high seas and winds. The expansion will include a new third berth, trestle, surge bins and out- loading conveyors. First shipments from the expanded terminal are expected in 2014.
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BHPBill -- further growth in Western Australia
BHPBill announced approval of USD7.4 billion (BHPBill share USD6.6 billion) of capital investment to continue production growth in the company's Western Australia Iron Ore operations. It will deliver an integrated operation with capacity in excess of 220 million tonnes per annum (mtpa), on a 100% basis, with first production expected from the new Jimblebar mine in early calendar year 2014.
The investment includes:
USD3.4 billion (BHPBill share USD3.3 billion) for the development of Jimblebar mine and rail links, and the procurement of mining equipment and rolling stock that will deliver initial capacity of 35 mtpa, with embedded options for expansion to 55 mtpa for incremental capital investment; USD2.3 billion (BHPBill share USD1.9 billion) to further develop Port Hedland, including two additional berths and shiploaders, a car dumper, connecting conveyor routes and associated rail works and rolling stock; and USD1.7 billion (BHPBill share USD1.4 billion) for port blending facilities and rail yards to enable ore blending, the expansion of resource life and to prepare for the future growth of the business beyond the inner harbour.
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BHPBil -- board changes
BHP Billiton Chairman, Jac Nasser, announced that Mr Alan Boeckmann will retire from the board and Mr Lindsay Maxsted will be appointed as an independent Non-executive Director, both effective as of today,23 March 2011.
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BHPBill-notice of dividend currency exchange rates
On 16 February 2011 we announced an interim dividend for the half year ended 31 December 2010 of 46 US cents. Included in the announcement was the advice that the currency conversion for Australian cents, British pence and New Zealand cents would be based on the foreign currency exchange rates on the Record Date, 11 March 2011, and for South African cents the last date to trade on the JSE Limited, being 4 March 2011.
The following table details the currency exchange rates applicable for the dividend:
Dividend 46 US cents
Exchange rates:
- Australian cents : 1.001395
- British pence: 1.601690
- New Zealand cents: 0.736425
- South African: 6.891175 cents
The dividend will be paid on Thursday, 31 March 2011.
Dividend per ordinary share in local currency:
- Australian cents :45.935919
- British pence: 28.719665
- New Zealand cents: 62.463930
- South African cents: 316.994050
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BHPBill -notice of dividend currency exchange rate
On 16 February 2011 BHP Billiton Plc announced an interim dividend for the half year ended 31 December 2010 of 46 US cents per share.
The currency exchange rate applicable for the dividend payable in South African cents to shareholders on the BHP Billiton Plc branch register is set out below:
- Dividend 46 US cents per share
- Exchange rate South African cents: 6.891175
- Dividend per ordinary share in local currency: 316.994050
The exchange rates applicable to the BHP Billiton dividend being paid in other currencies will be based on the foreign currency exchange rates on the Record Date, being 11 March 2011, and announced to the market on 14 March 2011.
BHP Billiton Plc shareholders registered on the South African section of the register will not be able to dematerialise or rematerialise their shareholdings between the dates of 7 and 11 March 2011, both dates inclusive, nor will transfers between the UK register and the South African register be permitted between the dates of 4 and 11 March 2011, both dates inclusive. The dividend will be paid on Thursday, 31 March 2011.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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