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BHPBill -- presentation
BHPBill Chief Executive Ferrous and Coal, Marcus Randolph, will present on the company's Iron Ore and Metallurgical Coal businesses at a briefing in Sydney on 30 October 2012. A copy of the presentation has been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.hemscott.com/nsm.do. The document may also be accessed via BHPBill's website (www.bhpbilliton.com) or by using the following web link: http://www.bhpbilliton.com/home/investors/reports/Documents/2012/121030_DeliveringValueT hroughOptimisation.pdf
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BHPBill production report
BHPBill released its production report for the quarter ended 30 September 2012. Highlights include:
- The release of latent capacity and robust operating performance across BHPBill's diversified portfolio continues to underpin strong growth in their high margin businesses.
- Petroleum production averaged a record 666 thousand barrels of oil equivalent per day during the September 2012 quarter as the Atlantis and Mad Dog facilities in the Gulf of Mexico successfully recommenced production.
- Queensland Coal volumes rose by 20% during the September 2012 quarter as BMA production increased to over 80% of supply chain capacity.
- Western Australia Iron Ore achieved another significant milestone with first ore loaded from the two recently installed shiploaders at Nelson Point as part of the Inner Harbour Expansion project.
- Escondida copper production remains on track to increase by 20% in the 2013 financial year following the completion of scheduled maintenance and tie-in activities in the September 2012 quarter.
Further information can be found at: www.bhpbilliton.com.
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BHPBill exploration & development report
BHPBill released an exploration and development report for the quarter ended 30 September 2012. BHPBill remains committed to its proven strategy which is to invest in large, long life, low cost, expandable, upstream assets, diversified by commodity, geography and market, throughout the economic cycle. In that regard, the Group has 19 high quality, low risk, largely brownfield projects currently in execution that are expected to deliver strong financial returns for our shareholders. The majority of these projects are scheduled to achieve first production before the end of the 2015 financial year which will support strong growth in our major, high margin businesses. With capital and exploration expenditure of USD22 billion forecast for the Group in the 2013 financial year, we are fully committed and no major project approvals are anticipated over this timeframe.
In response to the more challenging external environment, during the September 2012 quarter BHPBill decided not to proceed with the 2.5 million tonnes per annum (100 per cent basis) expansion of Peak Downs that is associated with the Caval Ridge mine development (Australia). Importantly, the 5.5 million tonnes per annum (100 per cent basis) Caval Ridge mine remains on schedule to deliver first production in the 2014 calendar year while the valuable Peak Downs expansion option remains embedded within the portfolio. The Bass Strait Kipper gas field (Australia) offshore production facilities were completed in the September 2012 quarter and are ready to commence production pending resolution of the mercury content. The Bass Strait Kipper project will not be reported in future Exploration and Development Reports. BHPBill's Onshore US drilling and development expenditure totalled USD1 billion in the September 2012 quarter. Our guidance for Onshore US drilling and development expenditure for the 2013 financial year remains unchanged at USD4 billion. Over 80 per cent of this expenditure will be focused on the liquids rich Eagle Ford shale and Permian Basin. Further information on BHPBill can be found at: www.bhpbilliton.com.
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BHPBill base metals briefing & Chilean site tour
The Base Metals briefing and individual Chilean site tour presentations will be made available on BHPBill's website - www.bhpbilliton.com.
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Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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