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BIL
BIBLT
BIL - BHP Billiton - BHP Billiton and Rio Tinto update on proposed iron ore
production joint venture
BHP Billiton Plc
Share code: BIL
ISIN: GB0000566504
15 October 2009
BHP BILLITON AND RIO TINTO UPDATE ON PROPOSED IRON ORE PRODUCTION JOINT VENTURE
On 5 June 2009, BHP Billiton and Rio Tinto signed a non-binding agreement to
establish a production joint venture covering the entirety of both companies`
Western Australian iron ore assets.
Under the terms of the agreement up to 15 per cent of production was proposed
to be sold by the joint venture, independent of BHP Billiton and Rio Tinto.
Following discussions between the two companies, BHP Billiton and Rio Tinto
have decided not to proceed with the joint venture marketing activity. As a
result, all production from the proposed joint venture would be marketed
separately by BHP Billiton and Rio Tinto.
The two companies believe that this change will clarify the nature of the JV
for customers and emphasise its focus on realising significant production and
development synergies.
BHP Billiton and Rio Tinto are pleased with progress towards definitive JV
agreements and expect to finalise these agreements on schedule.
For further information contact:
BHP Billiton Media & Investor Relations Rio Tinto Media & Investor
Relations
Australia Australia
Samantha Evans, Media Relations Tony Shaffer, Media Relations
Tel: +61 3 9609 2898 Office: +61 (0) 3 9283 3612
Mobile: +61 400 693 915 Mobile: +1 202 256 3667
email: Samantha.Evans@bhpbilliton.com
Peter Ogden, Media Relations Dave Skinner, Investor Relations
Tel: +61 3 9609 2812 Office: +61 (0) 3 9283 3628
Mobile: +61 428 599 190 Mobile: +61 (0) 408 335 309
Email: Peter.Ogden@bhpbilliton.com
Kelly Quirke, Media Relations Simon Ellinor, Investor Relations
Tel: +61 3 9609 2896 Office: +61 (0) 7 3361 4365
<>: +61 429 966 312 Mobile: +61 (0) 439 102 811
Email: Kelly.Quirke@bhpbilliton.com
Leng Lau, Investor Relations United Kingdom
Tel: +61 3 9609 4202 Christina Mills, Media Relations
Mobile: +61 403 533 706 Office: +44 (0) 20 8080 1306
email: Leng.Y.Lau@bhpbilliton.com Mobile: +44 (0) 7825 275 605
United Kingdom Nick Cobban, Media Relations
Andre Liebenberg, Investor Relations Office: +44 (0) 20 8080 1305
Tel: +44 20 7802 4131 Mobile: +44 (0) 7920 041 003
Mobile: +44 7920 236 974
email: Andre.Liebenberg@bhpbilliton.com
Illtud Harri, Media Relations Mark Shannon, Investor Relations
Tel: +44 20 7802 4195 Office: +44 20 7781 1178
Mobile: +44 7920 237 246 Mobile: +44 7917 576597
email: Illtud.Harri@bhpbilliton.com
David Ovington, Investor Relations
Office: +44 (0) 20 7781 2051
Mobile: +44 (0) 7920 010 978
South Africa United States
Bronwyn Wilkinson, Investor Relations Jason Combes, Investor Relations
Tel: +44 20 7802 4015 Mobile: +44 7500 Office: +1 (0) 801 204 2919
785 892 Mobile: +1 (0) 801 558 2645
email: Bronwyn.Wilkinson@bhpbilliton.com
United States Americas
Scott Espenshade, Investor Relations Tony Shaffer, Media
Tel: +1 713 599 6431 Mobile: +1 713 RelationsOffice: +61 (0) 3 9283
208 8565 3612 Mobile: +1 202 256 3667
email: Scott.Espenshade@bhpbilliton.com
Canada
Ruban Yogarajah, Media Relations Stefano Bertolli, Media Relations
Tel: US +1 713 966 2907 or UK +44 20 Office: +1 (0) 514 848 8151
7802 4033Mobile: UK +44 7827 082 022 Mobile: +1 (0) 514 915 1800
email: Ruban.Yogarajah@bhpbilliton.com
BHP Billiton Limited ABN 49 004 028 077
Registered in Australia Rio Tinto Limited
Registered Office: 180 Lonsdale Street 120 Collins Street
Melbourne Victoria 3000 Australia Melbourne 3000
Tel +61 1300 55 4757 Fax +61 3 9609 3015 Australia
T +61 (0) 3 9283 3333
BHP Billiton Plc Registration number F +61 (0) 3 9283 3707
3196209 Registered in Australia ABN 96 004
Registered in England and Wales 458 404
Registered Office: Neathouse Place
London SW1V 1BH United Kingdom Rio Tinto plc
Tel +44 20 7802 4000 Fax +44 20 7802 2 Eastbourne Terrace
4111 London W2 6LG
United Kingdom
Members of the BHP Billiton group which T +44 (0) 20 7781 2000
is headquartered in Australia F +44 (0) 20 7781 1800
Further information on BHP Billiton can Email: questions@riotinto.com
be found on our Internet site: Website: www.riotinto.com
www.bhpbilliton.com
Date: 15/10/2009 07:55:15 Produced by the JSE SENS Department.
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