|
BIL
BIBLT
BIL - Bhp Billiton Mitsubishi Alliance Lifts Force Majeure
BHP Billiton Plc
Share code: BIL
ISIN: GB0000566504
NEWS RELEASE
Date 5 June 2008
Number 20/08
BHP BILLITON MITSUBISHI ALLIANCE LIFTS FORCE MAJEURE
BHP Billiton announced today that, effective 5 June 2008, force majeure has
been lifted across the BHP Billiton Mitsubishi Alliance (BMA) managed
operations (including BHP Billiton Mitsui (BMC)). Force majeure was put in
place on 24 January 2008 following extreme weather and flooding across the
central Queensland coalfields.
On 25 February 2008, BHP Billiton advised that its equity coal production
loss from flooding at its BMA and BMC operations was estimated to be between
3.7 and 4.6 million tonnes. The latest assessment indicates that BHP
Billiton`s share of production loss is expected to be at the upper end of
that range. Discussions are continuing with insurance assessors to progress
claims arising from the events.
The extreme weather and declaration of force majeure has also resulted in
delivery delays for some of the 2007 sales contracts. Sales from BMA and BMC
during the 2008 financial year are expected to include approximately 2.1
million tonnes (BHP Billiton share) of coal priced at the higher 2008 agreed
prices. Approximately 1.4 million tonnes (BHP Billiton share) of coal that
will be delivered in the first quarter of the next financial year will be
sold at 2007 prices.
Further information on BHP Billiton can be found on our Internet site:
www.bhpbilliton.com
Australia United Kingdom & South Africa
Samantha Evans, Media Relations Andre Liebenberg, Investor Relations
Tel: +61 3 9609 2898 Mobile: Tel: +44 20 7802 4131 Mobile: +44 7920
+61 400 693 915 236 974
email: email: Andre.Liebenberg@bhpbilliton.com
Samantha.Evans@bhpbilliton.com
Leng Lau, Investor Relations Illtud Harri, Media Relations
Tel: +61 3 9609 4202 Mobile: Tel: +44 20 7802 4195 Mobile: +44 7920
+61 403 533 706 237 246
email: email: Illtud.Harri@bhpbilliton.com
Leng.Y.Lau@bhpbilliton.com
United States
Tracey Whitehead, Investor & Media Relations
Tel: US +1 713 599 6100 or UK +44 20 7802 4031
Mobile: +44 7917 648 093
email: Tracey.Whitehead@bhpbilliton.com
Date: 05/06/2008 08:46:38 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS. |
|
