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BIL
BIBLT
BIL - BHP Billiton Plc - BHP Billiton approves US$570 million to underpin rapid
growth at Western Australia Iron Ore
BHP Billiton Plc
Share code: BIL
ISIN: GB0000566504
NEWS RELEASE
Release IMMEDIATE
Time
Date 17 November 2010
Number 32/10
BHP BILLITON APPROVES US$570 MILLION TO UNDERPIN RAPID GROWTH AT WESTERN
AUSTRALIA IRON ORE
BHP Billiton today announced approval for a further US$635 million (BHP Billiton
share US$570 million)(1) of capital expenditure that will underpin continued
growth in Western Australia Iron Ore`s production profile. The investment
highlights BHP Billiton`s commitment to the Rapid Growth Project sequence of
expansion projects and is consistent with the company`s strategy to fully
utilise its Port Hedland inner harbour capacity.
The investment expands on BHP Billiton`s earlier pre-commitment of US$1.73
billion announced in January 2010 and will facilitate the ongoing development of
important port, rail and Jimblebar mine infrastructure.
BHP Billiton President, Iron Ore, Ian Ashby said "The investment further
progresses our conveyor belt of Rapid Growth Projects and ensures the company is
well positioned to deliver production growth into a tight and growing market.
Our volume maximising strategy remains unchanged as we continue to update our
longer term growth plans."
Further information on BHP Billiton can be found on our Internet site:
www.bhpbilliton.com
(1) BHP Billiton`s partners in its Pilbara iron ore operations are: Itochu
Minerals & Energy of Australia Pty Ltd, Mitsui-Itochu Iron Pty Ltd and Mitsui
Iron Ore Corporation Pty Ltd. BHP Billiton share of investment takes into
account the 100% owned BHP Billiton Iron Ore Jimblebar operation.
Australia United Kingdom & South Africa
Brendan Harris, Investor Relations Andre Liebenberg, Investor
Tel: +61 3 9609 4323 Mobile: +61 Relations
437 134 814 Tel: +44 20 7802 4131 Mobile:
email: +44 7920 236 974
Brendan.Harris@bhpbilliton.com email:
Andre.Liebenberg@bhpbilliton.com
Leng Lau, Investor Relations United Kingdom & Americas
Tel: +61 3 9609 4202 Mobile: +61 Ruban Yogarajah, Media Relations
403 533 796 Tel: US +1 713 966 2907 or UK +44
email: Leng.Y.Lau@bhpbilliton.com 20 7802 4033
Mobile: UK +44 7827 082 022
Amanda Buckley, Media Relations email:
Tel: +61 3 9609 2209 Mobile: +61 Ruban.Yogarajah@bhpbilliton.com
419 801 349
email: Americas
Amanda.Buckley@bhpbilliton.com Scott Espenshade, Investor
Relations
Kelly Quirke, Media Relations Tel: +1 713 599 6431 Mobile: +1
Tel: +61 3 9609 2896 Mobile: +61 713 208 8565
429 966 312 email:
email: Kelly.Quirke@bhpbilliton.com Scott.Espenshade@bhpbilliton.com
Fiona Martin, Media Relations
Tel: +61 3 9609 2211 Mobile: +61
427 777 908
email: Fiona.Martin2@bhpbilliton.com
BHP Billiton Limited ABN 49 004 028 BHP Billiton Plc Registration
077 number 3196209
Registered in Australia Registered in England and Wales
Registered Office: 180 Lonsdale Registered Office: Neathouse
Street Place
Melbourne Victoria 3000 Australia London SW1V 1BH United Kingdom
Tel +61 1300 55 4757 Fax +61 3 9609 Tel +44 20 7802 4000 Fax +44 20
3015 7802 4111
Members of the BHP Billiton group which is headquartered in Australia
Date: 17/11/2010 09:26:01 Produced by the JSE SENS Department.
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