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BIL
BIBLT
BIL - BHP Billiton Plc - Update on Iron Ore Price Negotiations
BHP Billiton Plc
Share code: BIL
ISIN: GB0000566504
UPDATE ON IRON ORE PRICE NEGOTIATIONS
BHP Billiton today announced the terms it has agreed with a range of iron ore
customers for the 2009 contract year. These terms vary and reflect the specific
needs and requirements of each customer, consistent with our marketing approach.
BHP Billiton has settled 23 per cent of total iron ore volumes at an agreed
annual contract price. The price for iron ore fines will be approximately 33 per
cent lower than the contract prices agreed in the 2008 contract year. The price
for iron ore lump will be approximately 44 per cent lower than the contract
prices agreed in the 2008 contract year.
A further 30 per cent of BHP Billiton`s total iron ore volumes will be sold on a
mix of quarterly negotiated pricing, market clearing price (spot market) and
index-based pricing.
Negotiations for the remaining 47 per cent of iron ore volumes are ongoing.
The Company believes that current settlements are indicative of continued
progress towards transparent market pricing.
Further information on BHP Billiton can be found on our Internet site:
www.bhpbilliton.com
Australia United Kingdom
Samantha Evans, Media Relations Andre Liebenberg, Investor Relations
Tel: +61 3 9609 2898 Mobile: +61 400 Tel: +44 20 7802 4131 Mobile: +44
693 915 7920 236 974
email: Samantha.Evans@bhpbilliton.com email:
Andre.Liebenberg@bhpbilliton.com
Peter Ogden, Media Relations Illtud Harri, Media Relations
Tel: +61 3 9609 2812 Mobile: +61 428 Tel: +44 20 7802 4195
599 190 Mobile: +44 7920 237 246
Email: Peter.Ogden@bhpbilliton.com email: Illtud.Harri@bhpbilliton.com
Kelly Quirke, Media Relations United States
Tel: +61 3 9609 2896 Mobile: +61 429 Scott Espenshade, Investor Relations
966 312 Tel: +1 713 599 6431
Email: Kelly.Quirke@bhpbilliton.com Mobile: +1 713 208 8565
email:
Scott.Espenshade@bhpbilliton.com
Leng Lau, Investor Relations
Tel: +61 3 9609 4202 Mobile: +61 403 Ruban Yogarajah, Media Relations
533 706 Tel: US +1 713 966 2907
email: Leng.Y.Lau@bhpbilliton.com or UK +44 20 7802 4033
Mobile: UK +44 7827 082 022
South Africa email:
Ruban.Yogarajah@bhpbilliton.com
Bronwyn Wilkinson, Investor & Media
Relations
Tel: +44 20 7802 4015 Mobile: +44
7500 785 892
email:
Bronwyn.Wilkinson@bhpbilliton.com
BHP Billiton Limited ABN 49 004 028 BHP Billiton Plc Registration number
077 3196209
Registered in Australia Registered in England and Wales
Registered Office: 180 Lonsdale Registered Office: Neathouse Place
Street London SW1V 1BH United Kingdom
Melbourne Victoria 3000 Australia Tel +44 20 7802 4000 Fax +44 20 7802
Tel +61 1300 55 4757 Fax +61 3 9609 4111
3015
A member of the BHP Billiton group which is headquartered in Australia
Date: 29/07/2009 07:44:34 Produced by the JSE SENS Department.
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