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BIL
BIBLT
BIL - BHP Billiton Plc - Worsley Efficiency and Growth Project
BHP Billiton Plc
Share code: BIL
ISIN: GB0000566504
NEWS RELEASE
Release IMMEDIATE
Time
Date 23 June 2011
Number 17/11
WORSLEY EFFICIENCY AND GROWTH PROJECT
BHP Billiton announced today the completion of the budget and schedule review
for the Worsley Efficiency and Growth (E&G) project. The capital cost estimate
for the project, encompassing the development of the Marradong mine, refinery
expansion and connection to a multi-fuel cogeneration unit, has increased to
US$2,995 million (BHP Billiton share). First production is now scheduled for
the first quarter of calendar year 2012.
(1) Worsley Alumina is a joint venture between BHP Billiton (86 per cent), Japan
Alumina Associates (Australia) Pty Ltd (10 per cent) and Sojitz Alumina Pty Ltd
(four per cent).
BHP Billiton Chief Executive Non-Ferrous, Andrew Mackenzie, said "The US$2,860
million (100% basis), 1.1 million tonne per annum (mtpa) refinery expansion is
being executed within the existing footprint of the facility, making it one of
the most complex brownfield projects undertaken. Such complexity has resulted
in significantly lower levels of construction progress than previously
anticipated, while broader inflationary pressures and the strengthening of the
Australian dollar have also contributed to the cost increase.
"Upon completion of the Worsley E&G project, the refinery will have the capacity
to produce 4.6 mtpa of smelter grade alumina, confirming Worsley as one of the
world`s leading alumina refineries. We remain confident that the project will
add value to the business over the medium to long term as it delivers low cost
production into a fundamentally strong market."
Further information on BHP Billiton can be found on our Internet site:
www.bhpbilliton.com
Australia: Investor Relations United Kingdom & South Africa
Brendan Harris, Investor Relations Andre Liebenberg, Investor Relations
Tel: +61 3 9609 4323 Tel: +44 20 7802 4131
Mobile: +61 437 134 814 Mobile: +44 7920 236 974
email: Brendan.Harris@bhpbilliton.com email:
Andre.Liebenberg@bhpbilliton.com
Andrew Gunn, Investor Relations
Tel: +61 3 9609 3575 United Kingdom & Americas
Mobile: +61 439 558 454 Ruban Yogarajah, Media Relations
email: Andrew.Gunn@bhpbilliton.com Tel: US +1 713 966 2907 or
UK +44 20 7802 4033
Australia: Media Relations Mobile: UK +44 7827 082 022
Samantha Stevens, Media Relations email: Ruban.Yogarajah@bhpbilliton.com
Tel: +61 3 9609 2898
Mobile: +61 400 693 915 Americas
email: Scott Espenshade, Investor Relations
Samantha.Stevens@bhpbilliton.com Tel: +1 713 599 6431
Mobile: +1 713 208 8565
Kelly Quirke, Media Relations email:
Tel: +61 3 9609 2896 Scott.Espenshade@bhpbilliton.com
Mobile: +61 429 966 312
email: Kelly.Quirke@bhpbilliton.com
Fiona Martin, Media Relations
Tel: +61 3 9609 2211
Mobile: +61 427 777 908
email: Fiona.Martin2@bhpbilliton.com
BHP Billiton Limited BHP Billiton Plc Registration number
ABN 49 004 028 077 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
Tel +61 1300 55 4757 Fax +44 20 7802 4111
Fax +61 3 9609 3015
Members of the BHP Billiton Group which is headquartered in Australia
Date: 23/06/2011 17:40:01 Produced by the JSE SENS Department.
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