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BIL
BIBLT
BIL - BHP Billiton Plc - Production report for the year ended 30 June 2008
BHP Billiton Plc
Share code: BIL
ISIN: GB0000566504
23 July 2008
Number 26/08
BHP BILLITON PRODUCTION REPORT FOR THE YEAR ENDED 30 JUNE 2008
Annual production was significantly up in 13 commodities, with record achieved
in seven commodities. These records were delivered in 14 assets across six of
our nine Customer Sector Groups. This was achieved in an environment in which
supply disruptions and input cost pressures are placing challenges on the
industry response to continued strong global demand for commodities.
We achieved record shipments in iron ore and manganese, at a time when pricing
reached unprecedented levels and demand and outlook remain very strong.
Western Australia Iron Ore achieved an eighth consecutive annual production
record, maintaining an exceptional track record of project delivery.
Metallurgical coal production recovered strongly from the extreme weather
interruptions during the March 2008 quarter.
Newly commissioned petroleum projects in fiscally stable regimes contributed
to a record performance. Ramp up of production from these projects and future
growth options will continue to increase the weighting of high margin liquids
in our portfolio mix at a time of historically high oil prices.
We continue to develop and deliver world class projects that add significant
shareholder value. First product was delivered from 10 major projects across
five commodities during the year. A further seven major projects were
sanctioned during the period. Over the past quarter we announced a significant
increase in our iron ore and manganese resources and reserves. This, along
with the Pampa Escondida prospect (Chile), is an excellent example of our deep
inventory of expansion options. These options are underpinned by an extensive
exploration and development program.
* Annual production records achieved in petroleum, copper, iron
ore, manganese ore and alloy, alumina and molybdenum. Annual
production also increased in crude oil and condensate, uranium,
lead, zinc, silver and diamonds.
* Quarterly production records achieved in alumina, copper, iron
ore and manganese ore.
* Annual production records delivered in Western Australia Iron
Ore, GEMCO, TEMCO, Illawarra Coal, Hunter Valley Coal, Minerva and
Worsley (all Australia), Escondida (Chile), Samarco and Alumar
(both Brazil), Samancor (South Africa), Cerrejon Coal (Colombia),
Zamzama (Pakistan) and Paranam (Suriname).
* Quarterly production records delivered in Escondida, Yabulu
(Australia), Western Australia Iron Ore, GEMCO, Samarco, Samancor,
Alumar and New Mexico Coal (USA).
* Annual volume growth of 27 per cent in crude oil and condensate
from the continuing ramp up of newly commissioned projects and
strong operational performance.
* Annual uranium oxide concentrate production at Olympic Dam
(Australia) was the highest since the Western Mining (WMC)
acquisition.
JUNE JUNE JUNE JUN JUN
YTD 08 Q08 Q08
2008 2008 vs vs vs
PETROLEUM YTD QTR JUNE JUN MAR
YTD 07 Q07 Q08
Crude Oil, Condensate and 68,168 20,331 20% 41% 10%
Natural Gas Liquids (`000 bbl)
(a)
Natural Gas (bcf) (a) 368.01 95.37 5% 2% 11%
Total Petroleum Products 129.50 36.23 13% 20% 11%
(million boe) (a)
Total Petroleum Products - Strong growth in production mainly due to the
continued ramp up of Stybarrow (Australia), Genghis Khan and Atlantis (both
USA), excellent operated facility performance and record natural gas
production. Record quarterly production and a 13 per cent year on year volume
growth is a strong start to our expected 10 per cent compound annual growth
rate through to financial year 2011.
Crude Oil, Condensate and Natural Gas Liquids - Production was higher than all
comparative periods due to significant growth in high margin crude production.
Continued ramp up of new projects and successful development drilling more
than offset natural field decline in existing fields.
Natural Gas - Second consecutive record annual production due to increased
demand in Australia as well as continued strong market growth in Pakistan.
JUNE JUNE JUNE YTD JUN JUN
08 Q08 Q08
2008 2008 vs vs vs
ALUMINIUM YTD QTR JUNE JUN MAR
YTD 07 Q07 Q08
Alumina (`000 tonnes) 4,554 1,149 2% 0% 5%
Aluminium (`000 tonnes) 1,298 305 -3% -9% -4%
Alumina - Annual production and sales records were achieved for the second
consecutive year. All operations achieved record annual output. Worsley
operated consistently above the expanded nameplate capacity.
Production was marginally higher than the March 2008 quarter.
Aluminium - Southern African smelters continued to operate at reduced levels
to comply with the mandatory reduction in power consumption. This was in part
offset by equal annual record production from Alumar.
JUNE JUNE JUNE JUN JUN
YTD 08 Q08 Q08
2008 2008 vs vs vs
BASE METALS YTD QTR JUNE JUN MAR
YTD 07 Q07 Q08
Copper (`000 tonnes) 1,375.5 390.7 10% 14% 19%
Lead (tonnes) 253,126 53,176 19% -15% -22%
Zinc (tonnes) 144,490 43,454 22% 11% 21%
Silver (`000 ounces) 43,487 9,236 19% -21% -18%
Uranium Oxide Concentrate 4,144 1,027 19% 4% 3%
(Uranium) (tonnes)
Copper - A third consecutive annual production record was set with the
continued ramp up of Escondida Sulphide Leach and Spence (both Chile) and
Pinto Valley (USA). In aggregate, these projects contributed 244,300 tonnes
for the year ended June 2008. This was achieved despite the impact of two
earthquakes in Chile in the December 2007 quarter.
Production increased by 19 per cent versus the March 2008 quarter. In
addition, Olympic Dam performed at the highest level since the WMC
acquisition, with the build up of underground stockpiles progressing according
to the development program.
At 30 June 2008, the Group had 327,941 tonnes of outstanding copper sales that
were revalued at a weighted average price of US$8,555 per tonne. The final
price of these sales will be determined in the 2009 financial year.In
addition, 311,410 tonnes of copper sales were subject to a finalisation
adjustment from the prior period. The finalisation adjustment and provisional
pricing impact as at 30 June 2008 increased earnings(b) by US$225 million for
the period.
Total copper production at Escondida is expected to decline in the 2009
financial year by approximately 10 to 15 per cent compared to 2008 financial
year levels due to lower ore grade. Production is then expected to continue at
similar levels to the 2009 financial year. The Escondida resource base
presents numerous options for delivering production growth in future years,
which are currently under study. Exciting results from exploration of the
Escondida mining lease are being obtained in areas close to existing
infrastructure and processing facilities, including the new Pampa Escondida
prospect. Refer to BHP Billiton`s Quarterly Exploration and Development
Report, also released today, for further information.
Lead - Production for the year ended June 2008 increased due to the completion
of the Cannington (Australia) rehabilitation project. Production was lower
compared to the March 2008 and June 2007 quarters due to reduced mill
throughput and head grades.
Zinc - Production was higher than all comparative periods mainly due to
improved grade and an increased proportion of zinc containing ore being
processed at Antamina (Peru). The completion of the Cannington rehabilitation
project also positively impacted production for the year ended June 2008.
Silver - Production for the year ended June 2008 improved significantly due to
the successful completion of the Cannington rehabilitation project and record
performance from Escondida and Antamina. Production decreased versus the March
2008 and June 2007 quarters primarily due to lower head grades at Cannington.
Uranium - Production increased significantly due to improvement in recovery
and leach circuit performance at Olympic Dam. Olympic Dam achieved the highest
production since the WMC acquisition and an all time record of ore hoisted and
material milled.
Third party products were purchased from the spot market to meet contractual
requirements. This decreased earnings (b) by US$187 million for the financial
year.
JUNE JUNE JUNE YTD JUN JUN
08 Q08 Q08
2008 2008 vs vs vs
DIAMONDS & SPECIALTY PRODUCTS YTD QTR JUNE JUN MAR
YTD 07 Q07 Q08
Diamonds (`000 carats) 3,349 864 4% -5% 39%
Diamonds - Production increased compared to the March 2008 quarter mainly due
to a record volume of ore processed during the quarter. As Ekati (Canada)
transitions from open pit mining to underground mining the mix of ore
processed will change from time to time. In the year ended June 2008, Ekati
processed a higher proportion of higher value carats from both Koala and Panda
undergrounds versus the year ended June 2007.
JUNE JUNE JUNE YTD JUN JUN
08 Q08 Q08
2008 2008 vs vs vs
STAINLESS STEEL MATERIALS YTD QTR JUNE JUN MAR
YTD 07 Q07 Q08
Nickel (`000 tonnes) 167.9 42.6 -10% -12% -1%
Nickel - Production for the year ended June 2008 was impacted by industrial
stoppage at Cerro Matoso (Colombia), wet weather interruptions at Yabulu
and scheduled maintenance across all operations. This was partially offset
by strong production from the Kwinana Nickel Refinery (Australia) and the
continued ramp up of Ravensthorpe and the Yabulu Expansion Project (both
Australia). The start up of operations at Ravensthorpe and the Yabulu
Expansion Project adversely impacted earnings(b) by US$313 million for the
year ended June 2008.
Towards the end of the June 2008 quarter, Kalgoorlie Nickel Smelter
(Australia) commenced a major rebuild of the furnace. The duration of the
rebuild is estimated to be around four months. Kwinana Nickel Refinery
production will be impacted for the duration of the rebuild.
JUNE JUNE JUNE YTD JUN JUN
08 Q08 Q08
2008 2008 vs vs vs
IRON ORE YTD QTR JUNE JUN MAR
YTD 07 Q07 Q08
Iron ore (`000 tonnes) (c) 111,319 29,673 13% 15% 6%
Iron Ore - Record production and shipments were achieved for the year and
quarter ended June 2008. Western Australia Iron Ore and Samarco (Brazil) set
annual and quarterly production records. Successful delivery of ongoing
expansion projects led to an eighth consecutive annual production record at
our Western Australian iron ore operations. The Samarco expansion project
delivered first production during the quarter and continues to ramp up in
line with schedule.
With the successful ramp up of Western Australia Iron Ore Rapid Growth Project
3 and continuous operational improvement, Western Australia Iron Ore is
expected to produce 137 million tonnes (100 per cent basis) in the next
financial year.
JUNE JUNE JUNE YTD JUN JUN
08 Q08 Q08
2008 2008 vs vs vs
MANGANESE YTD QTR JUNE JUN MAR
YTD 07 Q07 Q08
Manganese Ore (`000 tonnes) 6,575 1,851 9% 22% 11%
Manganese Alloy (`000 tonnes) 775 190 6% 2% -1%
Manganese Ore - Production for the year and quarter ended June 2008 were all
time records for all operations. South African operations achieved a third
consecutive quarterly record despite the impact of the mandatory 10 per cent
reduction in power consumption. Furthermore, GEMCO production benefited from
the implementation of improvement initiatives in preparation for the expansion
project.
Manganese Alloy - Record annual production due to improved facility
availability and utilisation at TEMCO and Samancor. This was achieved despite
the impact of the mandatory 10 per cent reduction in power consumption and
load shedding in South Africa.
JUNE JUNE JUNE YTD JUN JUN
08 Q08 Q08
2008 2008 vs vs vs
METALLURGICAL COAL YTD QTR JUNE JUN MAR
YTD 07 Q07 Q08
Metallurgical Coal (`000 tonnes) 35,193 9,132 -8% -18% 33%
Metallurgical Coal - Production and shipments were impacted by extreme wet
weather experienced at Queensland Coal (Australia) during the March 2008
quarter. Production recovered strongly with force majeure lifted during the
June 2008 quarter. Recovery efforts continue and on average, mines are
operating at approximately 90 per cent capacity.
The extreme weather and declaration of force majeure also resulted in delivery
delays for some of the 2007 sales contracts. Sales from Queensland Coal during
the 2008 financial year are estimated to include 2.1 million tonnes of coal
priced at the higher agreed prices. Approximately 1.4 million tonnes of coal
that will be delivered in the first quarter of the next financial year will
be sold at 2007 prices.
Illawarra Coal (Australia) had record annual production despite production
for the June 2008 quarter being impacted by a planned longwall move.
JUNE JUNE JUNE YTD JUN JUN
08 Q08 Q08
2008 2008 vs vs vs
ENERGY COAL YTD QTR JUNE JUN MAR
YTD 07 Q07 Q08
Energy Coal (`000 tonnes) (d) 80,868 21,353 -2% 1% 11%
(e)
Energy Coal - Production was in line with the year ended June 2007. Record
annual production was achieved for the third consecutive year at Cerrejon Coal
and second consecutive year at Hunter Valley Coal.
New Mexico Coal production for the June 2008 quarter reached an all time high
following the scheduled longwall move at San Juan (USA).
(a)Excluding Illawarra Coal Bed Methane, this has not been reported through
the Petroleum CSG since 1 July 2007.
(b) Earnings before interest and tax.
(c) Excluding Goldsworthy operations which were suspended mid calendar year
2006.
(d) Excluding Koornfontein operation which was sold effective 1 July 2007.
(e) Including 11.3 million tonnes of production from our South African Optimum
operation (3.96 million tonnes export and 7.3 million tonnes domestic).
Earnings on these tonnes will be excluded as the entitlement to those
earnings vested with the intended purchaser effective from 1 July 2007.
Throughout this report, unless otherwise stated, production volumes refer to
BHP Billiton share and exclude suspended and sold operations.
Further information on BHP Billiton can be found on our Internet site:
www.bhpbilliton.com
AustraliaSamantha Evans, Media RelationsTel: +61 3 9609 2898Mobile: +61 400
693 915email: Samantha.Evans@bhpbilliton.com
Leng Lau, Investor RelationsTel: +61 3 9609 4202Mobile: +61 403 533 706email:
Leng.Y.Lau@bhpbilliton.com
United Kingdom & South AfricaAndre Liebenberg, Investor RelationsTel: +44 20
7802 4131Mobile: +44 7920 236 974email: Andre.Liebenberg@bhpbilliton.com
Illtud Harri, Media RelationsTel: +44 20 7802 4195Mobile: +44 7920 237
246email: Illtud.Harri@bhpbilliton.comUnited StatesScott Espenshade, Investor
RelationsTel: +1 713 599 6431 Mobile: +1 713 208 8565email:
Scott.Espenshade@bhpbilliton.com
BHP BILLITON PRODUCTION SUMMARY -
CONTINUING OPERATIONS
QUARTER ENDED YEAR ENDED % CHANGE
JUNE JUN JUN
YTD Q08 Q08
08
JUNE MAR JUNE JUNE JUNE vs vs vs
2007 2008 2008 2008 2007 JUNE JUN MAR
YTD Q07 Q08
07
PETROLEUM
Crude oil & (`000 11,443 16,240 17,588 57,444 45,168 27% 54% 8%
condensate bbl)
Natural gas (a) (bcf) 93.48 85.75 95.37 368.01 349.90 5% 2% 11%
Natural gas (`000 3,018 2,201 2,743 10,724 11,522 -7% -9% 25%
liquid bbl)
Total Petroleum (million 30.18 32.73 36.23 129.50 115.05 13% 20% 11%
Products (a) boe)
ALUMINIUM
Alumina (`000 1,144 1,095 1,149 4,554 4,460 2% 0% 5%
tonnes)
Aluminium (`000 334 318 305 1,298 1,340 -3% -9% -4%
tonnes)
BASE METALS
Copper (`000 342.1 328.9 390.7 1,375.5 1,250.1 10% 14% 19%
tonnes)
Lead (tonnes) 62,726 67,885 53,176 253,126 212,283 19% -15% -22%
Zinc (tonnes) 39,148 35,970 43,454 144,490 118,695 22% 11% 21%
Gold (ounces) 52,443 37,515 38,424 161,966 176,071 -8% -27% 2%
Silver (`000 11,625 11,221 9,236 43,487 36,565 19% -21% -18%
ounces)
Uranium oxide (tonnes) 988 993 1,027 4,144 3,486 19% 4% 3%
concentrate
Molybdenum (tonnes) 493 580 590 2,542 2,268 12% 20% 2%
DIAMONDS AND SPECIALTY
PRODUCTS
Diamonds (`000 911 620 864 3,349 3,224 4% -5% 39%
carats)
STAINLESS STEEL
MATERIALS
Nickel (`000 48.6 43.0 42.6 167.9 187.2 -10% -12% -1%
tonnes)
IRON ORE
Iron ore (b) (`000 25,746 28,033 29,673 111,319 98,197 13% 15% 6%
tonnes)
MANGANESE
Manganese ore (`000 1,519 1,666 1,851 6,575 6,009 9% 22% 11%
tonnes)
Manganese alloy (`000 186 192 190 775 732 6% 2% -1%
tonnes)
METALLURGICAL COAL
Metallurgical coal (`000 11,132 6,846 9,132 35,193 38,429 -8% -18% 33%
tonnes)
ENERGY COAL
Energy coal (c) (`000 21,232 19,283 21,353 80,868 82,167 -2% 1% 11%
tonnes)
(a) Excluding Moranbah Coal Bed Methane (sold September 2006
quarter), Typhoon / Boris (sold December 2006 quarter); and excludes
Illawarra Coal Bed Methane as volumes have not been reported through
the Petroleum CSG since July 1, 2007.
(b) Excluding Goldsworthy operations which were suspended mid
calendar year 2006.
(c) Excluding Koornfontein which was disposed effective 1 July 2007.
Throughout this report figures in italics indicate that this
figure has been adjusted since it was previously reported.
BHP BILLITON ATTRIBUTABLE
PRODUCTION
QUARTER ENDED YEAR ENDED
BHP JUNE SEPT DEC MAR JUNE JUNE JUNE
Billiton
Interest 2007 2007 2007 2008 2008 2008 2007
PETROLEUM
Production
Crude oil & (`000 11,443 11,299 12,317 16,240 17,588 57,444 45,168
condensate bbl)
Natural gas (bcf) 95.25 95.68 91.21 85.76 95.37 368.01 356.85
NGL (a) (`000 3,018 3,095 2,685 2,201 2,743 10,724 11,522
bbl)
Total Petroleum (million 30.47 30.34 30.20 32.73 36.23 129.50 116.20
Products boe)
ALUMINIUM
ALUMINA
Production (`000
tonnes)
Worsley 86% 768 784 771 712 768 3,035 2,956
Suriname 45% 243 244 252 247 240 983 978
Alumar 36% 133 125 134 136 141 536 526
Total 1,144 1,153 1,157 1,095 1,149 4,554 4,460
ALUMINIUM
Production (`000
tonnes)
Hillside 100% 177 178 180 167 170 695 704
Bayside 100% 47 48 47 44 29 168 194
Alumar 40% 44 44 44 45 45 178 177
Mozal 47% 66 67 67 62 61 257 265
Total 334 337 338 318 305 1,298 1,340
BASE METALS (b)
COPPER
Payable metal in
concentrate (`000
tonnes)
Escondida 57.5% 170.5 167.0 177.3 157.0 178.2 679.5 638.9
Antamina 33.8% 26.4 27.5 29.3 24.1 30.8 111.7 113.7
Pinto Valley 100% - - 5.2 9.6 12.0 26.8 -
Total 196.9 194.5 211.8 190.7 221.0 818.0 752.6
Cathode (`000
tonnes)
Escondida 57.5% 37.7 30.9 30.3 30.1 40.3 131.6 126.1
Cerro Colorado 100% 20.3 23.1 27.3 28.7 27.3 106.4 105.8
Spence (c) 100% 37.7 23.9 34.2 41.6 43.0 142.7 75.5
Pinto Valley 100% 1.9 1.8 1.7 1.8 1.6 6.9 7.6
Olympic Dam 100% 47.6 33.6 42.8 36.0 57.5 169.9 182.5
Total 145.2 113.3 136.3 138.2 169.7 557.5 497.5
LEAD
Payable metal in
concentrate (tonnes)
Cannington 100% 62,409 61,073 70,369 67,505 52,601 251,548 210,814
Antamina 33.8% 317 448 175 380 575 1,578 1,469
Total 62,726 61,521 70,544 67,885 53,176 253,126 212,283
ZINC
Payable metal in
concentrate (tonnes)
Cannington 100% 11,355 14,503 15,487 13,735 17,244 60,969 45,682
Antamina 33.8% 27,793 22,756 12,320 22,235 26,210 83,521 73,013
Total 39,148 37,259 27,807 35,970 43,454 144,490 118,695
Refer footnotes on page 4.
BASE METALS
(continued)
GOLD
Payable metal in
concentrate (ounces)
Escondida 57.5% 23,754 23,194 21,376 17,660 17,501 79,731 84,411
Olympic Dam (refined 100% 28,689 17,119 24,338 18,555 20,505 80,517 91,660
gold)
Pinto Valley 100% - - - 1,300 418 1,718 -
Total 52,443 40,313 45,714 37,515 38,424 161,966
176,071
SILVER
Payable metal in concentrate
(`000 ounces)
Escondida 57.5% 990 1,116 877 790 821 3,604 3,514
Antamina 33.8% 934 1,056 652 803 994 3,505 3,132
Cannington 100% 9,426 8,759 10,124 9,421 7,181 35,485 29,105
Olympic Dam (refined 100% 275 193 239 169 179 780 814
silver)
Pinto Valley 100% - - 13 38 62 113 -
Total 11,625 11,124 11,905 11,221 9,236 43,487 36,565
URANIUM OXIDE
CONCENTRATE
Payable metal in
concentrate (tonnes)
Olympic Dam 100% 988 933 1,191 993 1,027 4,144 3,486
Total 988 933 1,191 993 1,027 4,144 3,486
MOLYBDENUM
Payable metal in
concentrate (tonnes)
Antamina 33.8% 493 693 679 580 590 2,542 2,268
Total 493 693 679 580 590 2,542 2,268
DIAMONDS AND SPECIALTY
PRODUCTS
DIAMONDS
Production (`000
carats)
Ekati(TM) 80% 911 1,022 843 620 864 3,349 3,224
STAINLESS STEEL
MATERIALS
NICKEL
Production (`000
tonnes)
CMSA 99.9% 12.7 12.5 11.4 7.8 10.1 41.8 51.0
Yabulu 100% 9.3 5.5 6.0 6.2 10.3 28.0 32.1
Nickel West 100% 26.6 20.6 26.3 29.0 22.1 98.1 104.1
Total 48.6 38.6 43.7 43.0 42.6 167.9 187.2
Refer footnotes on page 4.
IRON ORE
Production (`000
tonnes) (d)
Mt Newman Joint 85% 7,665 7,904 8,147 7,265 7,013 30,330
29,306
Venture
Goldsworthy Joint 85% 195 134 170 386 251 941
1,227
Venture
Area C Joint Venture 85% 5,078 4,916 6,474 7,114 8,626 27,130
20,086
Yandi Joint Venture 85% 9,661 9,823 9,770 10,061 10,622 40,276
35,548
Jimblebar 85% 1,341 1,157 1,248 1,660 1,054 5,119
5,457
Samarco 50% 2,001 2,067 2,107 1,933 2,357 8,464
7,800
Total 25,941 26,001 27,916 28,419 29,924 112,260
99,424
MANGANESE
MANGANESE ORES
Saleable production
(`000 tonnes)
South Africa (e) 60% 631 572 709 877 882 3,040
2,570
Australia (e) 60% 888 873 904 789 969 3,535
3,439
Total 1,519 1,445 1,613 1,666 1,851 6,575
6,009
MANGANESE ALLOYS
Saleable production
(`000 tonnes)
South Africa (e) (f) 60% 137 123 141 125 124 513 493
Australia (e) 60% 49 61 68 67 66 262 239
Total 186 184 209 192 190 775 732
METALLURGICAL COAL
Production (`000
tonnes) (g)
BMA 50% 7,442 5,917 6,138 4,232 6,508 22,795
26,683
BHP Mitsui Coal (h) 80% 2,047 1,454 1,526 847 1,306 5,133
4,860
Illawarra 100% 1,643 2,201 1,979 1,767 1,318 7,265
6,886
Total 11,132 9,572 9,643 6,846 9,132 35,193
38,429
ENERGY COAL
Production (`000
tonnes)
South Africa (I) 100% 12,596 11,706 11,277 11,129 10,960 45,072
51,642
USA 100% 4,636 2,511 3,671 2,636 4,834 13,652
15,080
Australia 100% 2,610 2,918 2,959 2,965 2,934 11,776
10,897
Colombia 33% 2,441 2,488 2,702 2,553 2,625 10,368
9,406
Total 22,283 19,623 20,609 19,283 21,353 80,868
87,025
(a) LPG and Ethane are reported as Natural Gas Liquid (NGL). Product-specific
conversions are made and NGL is reported in barrels of oil equivalent (boe).
(b) Metal production is reported on the basis of payable metal.
Copyright Spence operations were commissioned during the December 2006
quarter.
(d) Iron ore production is reported on a wet ones basis.
(e) Shown on 100% basis.BHP Billiton interest in saleable production is 60%.
(f) Production includes Medium Carbon Ferro Manganese.
(g) Metallurgical coal production is reported on the basis of saleable
product.Production figures include some thermal coal.
(h) Shown on 100% basis.BHP Billiton interest in saleable production is 80%.
(i) Including 11.3 million ones of production from our South African Optimum
operation (3.96 million ones export and 7.3 million ones domestic).Earnings on
these ones will be excluded as the entitlement to those earnings vested with
the intended purchaser effective from 1 July 2007.
PRODUCTION AND
SHIPMENT REPORT
QUARTER ENDED YEAR ENDED
JUNE SEPT DEC MAR JUNE JUNE JUNE
2007 2007 2007 2008 2008 2008 2007
PETROLEUM
BHP Billiton attributable production unless otherwise stated.
CRUDE OIL & CONDENSATE
(`000 barrels)
Bass Strait 3,929 3,638 3,103 2,918 3,184 12,843 14,231
North West Shelf 2,514 2,532 2,493 1,912 2,153 9,090 10,765
Atlantis (a) - - 615 3,320 3,471 7,406 -
Shenzi (a) - - 32 194 322 548 -
Liverpool Bay & 1,011 923 946 935 836 3,640 4,656
Bruce / Keith
ROD / Ohanet 1,730 1,830 1,709 1,628 1,555 6,722 7,591
Other (b) 2,259 2,376 3,419 5,333 6,066 17,194 7,925
Total 11,443 11,299 12,317 16,240 17,588 57,444 45,168
NATURAL GAS (billion
cubic feet) Copyright
Bass Strait 37.70 39.77 28.41 22.44 33.31 123.93 114.50
North West Shelf 25.70 27.17 28.13 26.43 26.76 108.49 105.50
Atlantis (a) - - 0.12 1.54 2.07 3.73 -
Shenzi (a) - - 0.01 0.06 0.07 0.14 -
Liverpool Bay & 12.71 8.87 12.70 12.32 11.32 45.21 53.26
Bruce / Keith
Other (b) 19.14 19.87 21.84 22.97 21.83 86.51 83.60
Total 95.25 95.68 91.21 85.76 95.37 368.01 356.85
NGL (`000 barrels)
Bass Strait 2,163 2,327 1,801 1,571 2,056 7,755 7,756
North West Shelf 369 438 417 300 343 1,498 1,689
Liverpool Bay & 124 48 153 109 116 426 563
Bruce / Keith
ROD / Ohanet 362 282 314 221 228 1,045 1,514
Total 3,018 3,095 2,685 2,201 2,743 10,724 11,522
TOTAL PETROLEUM 30.47 30.34 30.20 32.73 36.23 129.50 116.20
PRODUCTS
(million barrels of
oil equivalent) (d)
(a) Atlantis and Genghis Khan operations were commissioned during the
December 2007 quarter. Genghis Khan is reported in Shenzi.
(b) Other includes Stybarrow, Griffin, Minerva, Angostura, Mad Dog, West
Cameron 76, Mustang, Genesis, Starlifter, and Pakistan. Stybarrow operation
was commisioned during the December 2007 quarter.
(c) Excludes Illawarra Coal Bed Methane as volumes have not been reported
through the Petroleum CSG since 1 July 2007.
(d) Total barrels of oil equivalent (boe) conversions are based on 6000scf
of natural gas equals 1 boe.
PRODUCTION AND SHIPMENT
REPORT
QUARTER ENDED YEAR ENDED
JUNE SEPT DEC MAR JUNE JUNE JUNE
2007 2007 2007 2008 2008 2008 2007
ALUMINIUM
BHP Billiton attributable production and sales unless otherwise
stated.
(`000 tonnes)
ALUMINA
Production
Worsley, 768 784 771 712 768 3,035 2,956
Australia
Paranam, Suriname 243 244 252 247 240 983 978
Alumar, Brazil 133 125 134 136 141 536 526
Total 1,144 1,153 1,157 1,095 1,149 4,554 4,460
Sales
Worsley, 794 792 803 683 703 2,981 2,939
Australia
Paranam, Suriname 253 244 265 246 261 1,016 957
Alumar, Brazil 164 131 128 135 137 531 529
Total (a) 1,211 1,167 1,196 1,064 1,101 4,528 4,425
ALUMINIUM
Production
Hillside, South 177 178 180 167 170 695 704
Africa
Bayside, South 47 48 47 44 29 168 194
Africa
Alumar, Brazil 44 44 44 45 45 178 177
Mozal, Mozambique 66 67 67 62 61 257 265
Total 334 337 338 318 305 1,298 1,340
Sales
Hillside, South 188 165 180 159 183 687 693
Africa
Bayside, South 57 50 50 48 29 177 194
Africa
Alumar, Brazil 47 43 48 43 47 181 171
Mozal, Mozambique 70 56 72 57 73 258 260
Total 362 314 350 307 332 1,303 1,318
Tolling Agreement 32 33 33 30 34 130 109
(a)
394 347 383 337 366 1,433 1,427
(a) Equity Alumina is converted into Aluminium under a third party
tolling agreement. These tonnages are allocated to equity sales.
QUARTER ENDED YEAR ENDED
JUNE SEPT DEC MAR JUNE JUNE JUNE
2007 2007 2007 2008 2008 2008 2007
Material mined (`000 88,409 82,995 88,319 102,566 103,253 377,134 327,4
(100%) tonnes) 34
Sulphide ore (`000 23,064 22,406 21,777 22,029 24,491 90,703 87,35
milled (100%) tonnes) 6
Average copper (%) 1.58% 1.63% 1.72% 1.56% 1.55% 1.62% 1.58%
grade
Production ex (`000 306.0 305.2 316.8 285.0 313 1,219.8 1,149
Mill (100%) tonnes)
Production
Payable copper (`000 170.5 167.0 177.3 157.0 178.2 679.5 638.9
tonnes)
Payable gold (fine 23,754 23,194 21,376 17,660 17,501 79,731 84,41
concentrate ounces) 1
Copper cathode (`000 37.7 30.9 30.3 30.1 40.3 131.6 126.1
(EW) tonnes)
Payable silver (`000 990 1,116 877 790 821 3,604 3,514
concentrate ounces)
Sales
Payable copper (`000 199.0 162.9 173.0 160.6 178.4 674.9 650.1
tonnes)
Payable gold (fine 27,623 22,957 21,158 18,190 17,477 79,782 86,45
concentrate ounces) 6
Copper cathode (`000 43.0 31.7 23.8 32.3 41.6 129.4 120.5
(EW) tonnes)
Payable silver (`000 1,153 1,089 864 813 820 3,586 3,599
concentrate ounces)
Material mined (`000 13,984 17,095 17,798 16,769 17,107 68,769 64,60
tonnes) 5
Ore milled (`000 4,365 4,278 4,410 4,437 4,599 17,724 17,84
tonnes) 9
Average copper (%) 0.79% 0.84% 1.03% 0.80% 0.85% 0.88% 0.83%
grade
Production
Copper cathode (`000 20.3 23.1 27.3 28.7 27.3 106.4 105.8
(EW) tonnes)
Sales
Copper cathode (`000 24.1 23.5 24.5 28.5 29.8 106.3 108.2
(EW) tonnes)
Material mined (`000 20,275 16,983 19,758 20,335 20,065 77,141 60,28
tonnes) 8
Ore milled (`000 3,718 4,132 4,333 3,918 4,255 16,638 11,51
tonnes) 0
Average copper (%) 1.80% 1.56% 1.61% 1.48% 1.85% 1.63% 1.86%
grade
Production
Copper cathode (`000 37.7 23.9 34.2 41.6 43.0 142.7 75.5
(EW) tonnes)
Sales
Copper cathode (`000 40.4 29.5 24.0 39.9 51.3 144.7 69.7
(EW) tonnes)
Material mined (`000 29,034 31,14 31,28 29,095 29,336 120,865 111,696
(100%) tonnes) 5 9
Sulphide ore (`000 8,033 8,344 6,955 6,518 7,729 29,546 31,385
milled (100%) tonnes)
Average head
grades
- Copper (%) 1.17% 1.15% 1.47% 1.21% 1.38% 1.30% 1.23%
- Zinc (%) 1.46% 1.17% 0.69% 1.55% 1.46% 1.22% 1.06%
Production
Payable copper (`000 26.4 27.5 29.3 24.1 30.8 111.7 113.7
tonnes)
Payable zinc (tonnes) 27,793 22,75 12,32 22,235 26,210 83,521 73,013
6 0
Payable silver (`000 934 1,056 652 803 994 3,505 3,132
ounces)
Payable lead (tonnes) 317 448 175 380 575 1,578 1,469
Payable (tonnes) 493 693 679 580 590 2,542 2,268
molybdenum
Sales
Payable copper (`000 20.7 28.5 32.6 20.4 33.5 115.0 114.9
tonnes)
Payable zinc (tonnes) 31,914 25,30 12,45 16,630 29,385 83,779 75,470
6 8
Payable silver (`000 645 917 719 512 940 3,088 2,830
ounces)
Payable lead (tonnes) 394 334 140 261 461 1,196 2,071
Payable (tonnes) 480 662 605 531 837 2,635 2,433
molybdenum
Material (`000 717 824 808 698 821 3,151 2,383
mined tonnes)
Ore milled (`000 688 661 755 726 658 2,801 2,348
tonnes)
Average head
grades
- Silver (g/t) 493 478 489 472 397 459 447
- Lead (%) 10.3% 10.4% 10.7% 10.7% 9.2% 10.2% 10.3%
- Zinc (%) 3.0% 3.5% 3.3% 3.2% 3.8% 3.5% 3.3%
Production
Payable (`000 9,426 8,759 10,12 9,421 7,181 35,485 29,105
silver ounces) 4
Payable lead (tonnes) 62,409 61,07 70,36 67,505 52,601 251,548 210,814
3 9
Payable zinc (tonnes) 11,355 14,50 15,48 13,735 17,244 60,969 45,682
3 7
Sales
Payable (`000 10,352 6,725 11,26 7,727 8,918 34,636 30,330
silver ounces) 6
Payable lead (tonnes) 66,411 46,14 78,32 53,167 62,997 240,637 214,352
8 5
Payable zinc (tonnes) 14,888 9,257 19,57 9,629 17,710 56,173 45,134
7
Material mined (`000 2,255 2,424 2,520 2,333 2,397 9,674 8,566
(a) tonnes)
Ore milled (`000 2,272 2,239 2,552 2,225 2,570 9,586 8,614
tonnes)
Average copper (%) 1.93% 1.83% 1.86% 1.86% 2.06% 1.85% 2.06%
grade
Average kg/t 0.58 0.57 0.63 0.59 0.58 0.60 0.58
uranium grade
Production
Copper cathode (`000 44.1 30.6 40.2 32.9 53.2 156.9 168.1
(ER) tonnes)
Copper cathode (`000 3.5 3.0 2.6 3.1 4.4 13.1 14.4
(EW) tonnes)
Uranium oxide (tonnes) 988 933 1,191 993 1,027 4,144 3,486
concentrate
Refined gold (fine 28,689 17,11 24,33 18,555 20,505 80,517 91,660
ounces) 9 8
Refined silver (`000 275 193 239 169 179 780 814
ounces)
Sales
Copper cathode (`000 45.2 30.7 41.0 31.9 52.0 155.6 172.1
(ER) tonnes)
Copper cathode (`000 4.4 3.1 2.5 2.3 4.3 12.2 15.2
(EW) tonnes)
Uranium oxide (tonnes) 646 562 346 1,182 1,610 3,700 3,318
concentrate
Refined gold (fine 27,589 20,11 21,76 19,767 19,556 81,201 92,209
ounces) 8 0
Refined silver (`000 294 192 237 173 185 787 822
ounces)
Production
Copper (`000 - - 5.2 9.6 12.0 26.8 -
concentrate (a) tonnes)
Copper cathode (`000 1.9 1.8 1.7 1.8 1.6 6.9 7.6
(EW) tonnes)
Payable silver (`000 - - 13.3 38.4 61.7 113.4 -
(a) ounces)
Payable gold (a) (`000 - - - 1.3 0.4 1.7 -
ounces)
Sales
Copper (`000 - - 2.6 7.9 12.4 22.9 -
concentrate tonnes)
Copper cathode (`000 2.5 0.9 0.9 4.0 1.4 7.2 7.2
(EW) tonnes)
Payable silver (`000 - - 13.3 38.4 61.7 113.4 -
ounces)
Payable gold (`000 - - - 1.3 0.4 1.7 -
ounces)
PRODUCTION AND
SHIPMENT REPORT
QUARTER ENDED YEAR ENDED
JUNE SEPT DEC MAR JUNE JUNE JUNE
2007 2007 2007 2008 2008 2008 2007
DIAMONDS AND SPECIALTY
PRODUCTS
BHP Billiton attributable production and sales unless otherwise stated.
DIAMONDS
Ekati(TM), Canada
Ore Processed (`000 1,194 1,009 1,080 967 1,356 4,412 4,539
(100%) tonnes)
Production (`000 911 1,022 843 620 864 3,349 3,224
carats)
PRODUCTION AND
SHIPMENT REPORT
QUARTER ENDED YEAR ENDED
JUNE SEPT DEC MAR JUNE JUNE JUNE
2007 2007 2007 2008 2008 2008 2007
STAINLESS STEEL
MATERIALS
BHP Billiton attributable production and sales unless otherwise stated.
(`000 tonnes)
NICKEL
CMSA, Colombia
Production 12.7 12.5 11.4 7.8 10.1 41.8 51.0
Sales 12.5 6.9 13.2 13.6 8.2 41.9 51.0
Yabulu, Australia
Production
Nickel metal 9.3 5.5 6.0 6.2 10.3 28.0 32.1
Cobalt 0.5 0.5 0.4 0.3 0.5 1.7 1.7
Sales
Nickel metal 9.6 5.3 6.3 6.5 9.7 27.8 29.9
Cobalt 0.5 0.4 0.5 0.4 0.5 1.8 1.7
Nickel West,
Australia
Production
Nickel contained in 0.9 - 1.2 1.3 2.8 5.3 0.9
concentrate
Nickel contained in 13.2 3.9 8.5 10.3 4.9 27.6 49.6
finished matte
Nickel metal 12.5 16.7 16.6 17.4 14.5 65.2 53.6
Nickel production 26.6 20.6 26.3 29.0 22.1 98.1 104.1
Sales
Nickel contained in 0.9 - 0.9 0.6 3.8 5.3 0.9
concentrate
Nickel contained in 15.1 6.2 9.5 9.4 7.2 32.3 47.8
finished matte
Nickel metal 11.5 14.7 14.4 15.7 20.7 65.5 52.9
Nickel sales 27.5 20.9 24.8 25.7 31.7 103.1 101.6
PRODUCTION AND
SHIPMENT REPORT
QUARTER ENDED YEAR ENDED
JUNE SEPT DEC MAR JUNE JUNE JUNE
2007 2007 2007 2008 2008 2008 2007
IRON ORE
BHP Billiton attributable production and sales unless otherwise stated.
(`000 tonnes)
IRON ORE (a)
Pilbara, Australia
Production
Mt Newman Joint 7,665 7,904 8,147 7,265 7,013 30,330 29,306
Venture
Goldsworthy Joint 195 134 170 386 251 941 1,227
Venture
Area C Joint 5,078 4,916 6,474 7,114 8,626 27,130 20,086
Venture
Yandi Joint 9,661 9,823 9,770 10,061 10,622 40,276 35,548
Venture
Jimblebar 1,341 1,157 1,248 1,660 1,054 5,119 5,457
Total (BHP 23,940 23,934 25,809 26,486 27,567 103,796 91,624
Billiton share)
Total production 28,165 28,159 30,363 31,160 32,432 122,114 107,795
(100%)
Shipments
Lump 5,753 6,076 7,179 7,603 8,282 29,140 23,231
Fines 17,458 17,979 18,847 19,714 19,881 76,422 67,633
Total (BHP 23,211 24,055 26,026 27,317 28,164 105,562 90,864
Billiton share)
Total sales (100%) 27,307 28,300 30,619 32,138 33,134 124,190 106,898
(a) Iron ore production and shipments are reported on a wet tonnes basis.
Samarco, Brazil
Production 2,001 2,067 2,107 1,933 2,357 8,464 7,800
Shipments 2,159 1,850 2,316 1,589 2,234 7,989 8,072
PRODUCTION AND
SHIPMENT REPORT
QUARTER ENDED YEAR ENDED
JUNE SEPT DEC MAR JUNE JUNE JUNE
2007 2007 2007 2008 2008 2008 2007
MANGANESE
BHP Billiton attributable production and sales unless otherwise stated.
(`000 tonnes)
MANGANESE ORE
South Africa
Saleable production 631 572 709 877 882 3,040 2,570
(a)
Australia
Saleable production 888 873 904 789 969 3,535 3,439
(a)
MANGANESE ALLOY
South Africa
Saleable production 137 123 141 125 124 513 493
(a) (b)
Australia
Saleable production 49 61 68 67 66 262 239
(a)
(a) Shown on 100% basis.BHP Billiton interest in saleable production is
60%.
(b) Production includes Medium Carbon Ferro Manganese.
PRODUCTION AND
SHIPMENT REPORT
QUARTER ENDED YEAR ENDED
JUNE SEPT DEC MAR JUNE JUNE JUNE
2007 2007 2007 2008 2008 2008 2007
METALLURGICAL COAL
BHP Billiton attributable production and sales unless otherwise stated.
(`000 tonnes)
METALLURGICAL COAL
(a)
Queensland,
Australia
Production
BMA
Blackwater 1,730 1,407 1,370 1,345 1,510 5,632 6,138
Goonyella 2,268 1,677 1,505 1,117 1,737 6,036 7,352
Peak Downs 1,045 881 1,243 849 1,121 4,094 4,484
Saraji 939 777 890 376 853 2,896 3,397
Norwich Park 797 502 576 306 642 2,026 2,850
Gregory Joint 663 673 554 239 644 2,110 2,462
Venture
BMA total 7,442 5,917 6,138 4,232 6,508 22,795 26,683
BHP Mitsui Coal
(b)
South Walker Creek 982 939 868 438 617 2,862 3,422
Poitrel (c) 1,065 515 658 409 688 2,270 1,438
BHP Mitsui Coal 2,047 1,454 1,526 847 1,306 5,133 4,860
total
Queensland total 9,489 7,371 7,664 5,079 7,814 27,928 31,543
Shipments
Coking coal 5,684 5,479 5,875 3,790 5,275 20,419 21,282
Weak coking coal 1,804 1,668 1,966 1,726 1,442 6,802 6,863
Thermal coal 854 516 328 497 491 1,832 2,119
Total 8,343 7,663 8,169 6,013 7,207 29,052 30,265
(a) Metallurgical coal production is reported on the basis of saleable
product.Production figures include some thermal coal.
(b) Shown on 100% basis.BHP Billiton interest in saleable production is
80%.
(c) Poitrel was commissioned during the December 2006 quarter.
Illawarra, Australia
Production 1,643 2,201 1,979 1,767 1,318 7,265 6,886
Shipments
Coking coal 1,724 1,906 1,851 1,549 1,097 6,403 6,297
Thermal coal 288 199 290 194 157 840 931
Total 2,012 2,105 2,141 1,743 1,254 7,243 7,228
PRODUCTION AND
SHIPMENT REPORT
QUARTER ENDED YEAR ENDED
JUNE SEPT DEC MAR JUNE JUNE JUNE
2007 2007 2007 2008 2008 2008 2007
ENERGY COAL
BHP Billiton attributable production and sales unless otherwise stated.
(`000 tonnes)
South Africa (a) (b)
Production 12,596 11,706 11,277 11,129 10,960 45,072 51,642
Sales
Export 5,218 4,207 4,269 3,119 3,989 15,584 20,665
Local utility 7,416 7,063 7,351 7,430 7,381 29,225 30,255
Inland 310 388 209 190 487 1,274 1,051
Total 12,944 11,658 11,829 10,739 11,857 46,083 51,971
(a) Koornfontein was sold with effect from 1 July 2007.
(b) Including 11.3 million tonnes of production from our South African
Optimum operation (3.96 million tonnes export and 7.3 million tonnes
domestic).Earnings on these tonnes will be excluded as the entitlement to
those earnings vested with the intended purchaser effective from 1 July
2007.
New Mexico, USA
Production
Navajo Coal 2,321 1,548 1,899 1,800 2,286 7,533 8,174
San Juan Coal 2,315 963 1,772 836 2,548 6,119 6,906
Total 4,636 2,511 3,671 2,636 4,834 13,652 15,080
Sales - local 3,185 3,693 3,254 2,573 3,207 12,727 14,023
utility
Hunter Valley,
Australia
Production 2,610 2,918 2,959 2,965 2,934 11,776 10,897
Sales
Export 1,934 1,423 1,892 1,842 2,549 7,706 6,516
Inland 909 1,179 985 791 512 3,467 4,113
Total 2,843 2,602 2,877 2,633 3,061 11,173 10,629
Cerrejon Coal,
Colombia
Production 2,441 2,488 2,702 2,553 2,625 10,368 9,406
Sales - export 2,401 2,761 2,334 2,534 2,547 10,176 9,506
BHP Billiton Limited ABN 49 004 028 077
Registered in Australia
Registered Office:
Level 27, 180 Lonsdale Street Melbourne Victoria 3000
Telephone +61 1300 554 757
Facsimile +61 3 9609 3015
BHP Billiton Plc Registration number 3196209
Registered in England and Wales
Registered Office: Neathouse Place London SW1V 1BH United Kingdom
Telephone +44 20 7802 4000
Facsimile +44 20 7802 4111
The BHP Billiton Group is headquartered in Australia
Date: 23/07/2008 08:09:05 Produced by the JSE SENS Department.
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