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BIL
BIBLT
BIL - BHP Billiton Agrees Iron Ore Prices With Baosteel, China
BHP Billiton Plc
Share code: BIL
ISIN: GB0000566504
BHP BILLITON AGREES IRON ORE PRICES WITH BAOSTEEL, CHINA
BHP Billiton today announced it had reached agreement with China`s Baosteel on
the price for iron ore deliveries for the contract year commencing 1 April 2008.
The following prices apply to all of its long-term supply agreements for
deliveries in the contract year with Baosteel.
Yandi Fine Ore
Newman Fine Ore
US cents 144.66 per dry metric tonne unit.
Newman Lump Ore
US cents 201.69 per dry metric tonne unit.
President BHP Billiton Marketing, Tom Schutte said: "We note the recent 2008
contract year price settlement of a major supply source for Australian iron ore
with Baosteel. We are pleased to have also reached agreement with Baosteel at
the prices announced today. We will now seek to settle agreements with the
remainder of our customers under existing long-term supply agreements both in
China and other countries."
Chief Executive Ferrous and Coal, Marcus Randolph added: "Together with our
positions in metallurgical coal and manganese, our iron ore business gives us a
leading position in the supply of commodities to the steelmaking industry. We
are happy to have been able to settle the prices announced today with one of our
most important customers and we`ve been particularly pleased with the spirit in
which both Baosteel and BHP Billiton undertook negotiations. At the end of what
has been a long process, we believe our relationship with our customers remains
as positive and strong as ever."
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
Tel: +61 3 9609 2898 Mobile: +61 Relations
400 693 915 Tel: +44 20 7802 4131 Mobile: +44
email: 7920 236 974
Samantha.Evans@bhpbilliton.com email:
Andre.Liebenberg@bhpbilliton.com
Leng Lau, Investor Relations Illtud Harri, Media Relations
Tel: +61 3 9609 4202 Mobile: +61 Tel: +44 20 7802 4195 Mobile: +44
403 533 706 7920 237 246
email: Leng.Y.Lau@bhpbilliton.com email:
Illtud.Harri@bhpbilliton.com
United States
Scott Espenshade, Investor Relations
Tel: +1 713 599 6431 Mobile: +1 713 208 8565
email: Scott.Espenshade@bhpbilliton.com
Date: 04/07/2008 09:52:01 Produced by the JSE SENS Department.
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