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BIL
BIBLT
BIL - BHP Billiton exploration and development report for the quarter ended 30
June 2010
BHP Billiton Plc
Share Code: BIL
Share: GB0000566504
News Release
21 July 2010
19/10
BHP BILLITON EXPLORATION AND DEVELOPMENT REPORT FOR THE QUARTER ENDED 30 JUNE
2010
Development
The Newcastle Third Port Project (energy coal) was completed in June 2010, ahead
of schedule and budget. This project will not be reported in future Exploration
and Development reports.
During the year ended 30 June 2010 a further three projects achieved first
production and two projects were sanctioned for development. The three
commissioned projects were Western Australia Iron Ore Rapid Growth Project 4
(iron ore), Klipspruit Expansion (energy coal) and Pyrenees (oil and gas). The
sanctioned projects were MAC20 Project (energy coal) and Antamina Expansion
(copper).
In addition, US$2.4 billion of pre-commitment expenditure was approved to
accelerate development of Western Australia Iron Ore Rapid Growth Project 6
(iron ore), Caval Ridge and Hay Point Coal Terminal Stage 3 Expansion (both
metallurgical coal) and the first stages of the Jansen Potash Project (potash).
Project And Share Of Initial Production Quarterly
Ownership Approved Production Capacity (100%) Progress
Capex Target Date
US$M
Petroleum
Projects
Angostura Gas 180 H1 CY11 280 million cubic On schedule and
Phase II feet gas per day budget.
(Trinidad and Installation
Tobago) campaign is
45% ongoing.
Gas Compression
platform jacket
installed. Topsides
fabrication
continues. The
overall project is
69% complete.
Bass Strait 500 CY11 10,000 bpd Schedule and budget
Kipper condensate and under review
(Australia) processing following advice
32.5% - 50% capacity of 80 from the operator.
Gas/Gas Liquids million cubic
feet gas per day
Bass Strait 625 CY11 11,000 bpd Schedule and budget
Turrum condensate and under review
(Australia) processing following advice
50% capacity of 200 from the operator.
Gas/Gas Liquids million cubic
feet gas per day
North West Shelf 245 CY11 Replacement On schedule and
CWLH Life vessel with budget. Floating
Extension capacity of Production Storage
(Australia) 60,000 bpd oil and Offtake (FPSO)
16.67% conversion
Oil continues. The
overall project is
81% complete.
North West Shelf 850 CY12 2,500 million On schedule and
North Rankin B cubic feet gas budget. Jacket
Gas Compression per day fabrication
(Australia) continuing ahead of
16.67% schedule. The
LNG overall project is
51% complete.
Minerals Projects
Worsley 1,900 H1 CY11 1.1 million tpa On schedule and
Efficiency & of additional budget.
Growth alumina Construction is 27%
(Australia) complete. The
86% overall project is
Alumina 44% complete.
Antamina 435 Q4 CY11 Increases ore On schedule and
Expansion (Peru) processing budget. Engineering
33.75% capacity to is 75% complete.
Copper 130,000 tpd Construction is 7%
complete. The
overall project is
18% complete.
Iron Ore (Western 4,800 H2 CY11 50 million tpa On schedule and
Australia) additional iron budget. Engineering
RGP5 ore system is 97% complete.
85% capacity Construction is 61%
Iron Ore complete. The
overall project is
64% complete.
Douglas- 975 Mid CY10 10 million tpa On schedule and
Middelburg export thermal budget.
Optimisation coal and 8.5 Commissioning of
(South Africa) million tpa the coal processing
100% domestic thermal plant is underway.
Energy Coal coal (sustains The overall project
current output) is 98% complete.
Newcastle Third 390 Mid CY10 30 million tpa Project has been
Port Project export coal completed ahead of
(Australia) loading facility schedule and
35.5% budget, with the
Energy Coal terminal becoming
operational in June
2010.
On schedule and
budget. Engineering
is complete.
Increases Construction is 75%
saleable thermal complete. The
MAC20 Project coal production overall project is
(Australia) by approximately 81% complete.
100% 3.5 million tpa
Energy Coal 260 H1 CY11
Minerals Exploration
Grassroots exploration continued on copper targets in Chile and Zambia; nickel
targets in Australia; manganese targets in Gabon; and diamond targets in Canada.
Exploration for iron ore, coal, bauxite, potash and manganese was undertaken in
a number of regions including Australia, Canada, South America, Russia and
Africa.
During the quarter, BHP Billiton confirmed the strength of its position in the
Saskatchewan potash basin in Canada with the reporting of an in-situ Mineral
Resource(1) of 3,370 million tonnes @ 25.4% K2O at its wholly-owned Jansen
Potash Project. In addition, the Indonesian Coal Project (ICP) joint venture was
formed following Government approvals. PT Adaro Energy TBK has acquired a 25 per
cent interest in the ICP joint venture, with BHP Billiton holding the remaining
75 per cent.
For the year ended 30 June 2010, BHP Billiton spent US$516 million on minerals
exploration, of which US$467 million was expensed. This includes US$73 million
of exploration spend for potash in Saskatchewan, Canada.
(1) Competent Person`s Statement
The statement of Mineral Resource being presented is based on information
compiled by J.McElroy (MAusIMM) BHP Billiton, B.Nemeth (MAusIMM) BHP Billiton,
and A. D. Mackintosh (APEGS) A.D.M Consulting and relates to Mineral Resource
estimates as at 10 May 2010. A full statement of the Mineral Resource is
provided in a BHP Billiton news release dated 7 June 2010. Competent Persons are
full time employees of BHP Billiton (unless otherwise stated), have sufficient
experience relevant to the style of mineralisation and type of deposit under
consideration and to the activity they are undertaking to qualify as a Competent
Person as defined in the JORC Code. All Competent Persons are members of either
the Australian Institute of Mining & Metallurgy (AusIMM) or a Recognised
Overseas Professional Organisation (ROPO). The Competent Persons consent to the
inclusion in this report of the matters based on their information in the form
and context in which it appears.
Petroleum Exploration
Exploration and appraisal wells drilled during the quarter or in the process of
drilling as at 30 June 2010.
Well Location BHP Billiton Status
Equity
Deep Blue- Green Canyon Gulf of 31.875% BHP Temporarily suspended
1 Mexico Billiton Hydrocarbons
GC 723 (Noble operator) encountered
Double Green Canyon Gulf of 70% BHP Billiton Plugged & abandoned
Mountain-1 Mexico (operator) Dry hole
GC 555
Firefox-1 Green Canyon Gulf of 50% BHP Billiton Plugged & abandoned
Mexico (operator) Dry hole
GC 817
Wolverine- Laurentian Basin Canada 45% BHP Billiton Plugged & abandoned
1 E.L. 1087R (CoP operator) Dry hole
Bel Air-1 Liverpool Bay 46.1% BHP Billiton Plugged & abandoned
110/13b (operator) Dry hole
Toroa-1 East Falkland Basin 51% BHP Billiton Drilling ahead
PL015_02 (operator)
Furness C- Exmouth Sub-basin 50% BHP Billiton Drilling ahead
1 WA-255-P (operator)
Petroleum exploration expenditure for the year ended 30 June 2010 was US$817
million, of which US$563 million was expensed.
****
Further information on BHP Billiton can be found on our Internet site:
www.bhpbilliton.com.
Australia
Amanda Buckley, Media Relations
Tel: +61 3 9609 2209 Mobile: +61 419 801 349
email: Amanda.Buckley@bhpbilliton.com
Fiona Martin, Media Relations
Tel: +61 3 9609 2211 Mobile: +61 427 777 908
email: Fiona.Martin2@bhpbilliton.com
Leng Lau, Investor Relations
Tel: +61 3 9609 4202 Mobile: +61 403 533 706
email: Leng.Y.Lau@bhpbilliton.com
Brendan Harris, Investor Relations
Tel: +61 3 9609 4323 Mobile: +61 437 134 814
email: Brendan.Harris@bhpbilliton.com
United Kingdom & South Africa
Andre Liebenberg, Investor Relations
Tel: +44 20 7802 4131 Mobile: +44 7920 236 974
email: Andre.Liebenberg@bhpbilliton.com
Illtud Harri, Media Relations
Tel: +44 20 7802 4195 Mobile: +44 7920 237 246
email: Illtud.Harri@bhpbilliton.com
Americas
Scott Espenshade, Investor Relations
Tel: +1 713 599 6431 Mobile: +1 713 208 8565
email: Scott.Espenshade@bhpbilliton.com
Ruban Yogarajah, Media Relations
Tel: US +1 713 966 2907 or UK +44 20 7802 4033
Mobile: UK +44 7827 082 022
email: Ruban.Yogarajah@bhpbilliton.com
BHP Billiton Limited ABN 49 004 028 077
Registered in Australia
Registered Office: 180 Lonsdale Street
Melbourne Victoria 3000 Australia
Tel +61 1300 55 4757 Fax +61 3 9609 3015
BHP Billiton Plc Registration number 3196209
Registered in England and Wales
Registered Office: Neathouse Place
London SW1V 1BH United Kingdom
Tel +44 20 7802 4000 Fax +44 20 7802 4111
Members of the BHP Billiton group which is headquartered in Australia
Date: 21/07/2010 07:06:02 Produced by the JSE SENS Department.
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