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BIL 201403110002A
AJM Conference Presentation
BHP Billiton Limited BHP Billiton Plc
171 Collins Street Neathouse Place
Melbourne Victoria 3000 Australia London SW1V 1BH UK
GPO BOX 86 Tel +44 20 7802 4000
Melbourne Victoria 3001 Australia Fax + 44 20 7802 4111
Tel +61 1300 55 47 57 Fax +61 3 9609 3015 bhpbilliton.com
bhpbilliton.com
11 March 2014
To: Australian Securities Exchange cc: New York Stock Exchange
London Stock Exchange JSE Limited
AUSTRALIAN JOURNAL OF MINING
GLOBAL IRON ORE AND STEEL FORECAST CONFERENCE
BHP Billiton President, Iron Ore, Jimmy Wilson, will present at the Australian Journal of Mining Global
Iron Ore and Steel Forecast Conference, in Perth, Western Australia today.
A copy of the presentation can be found at
http://www.bhpbilliton.com/home/investors/reports/Documents/2014/140311_AustralianJourn
alofMiningConference.pdf
Further information on BHP Billiton can be found at: www.bhpbilliton.com.
Nicole Duncan
Company Secretary
Sponsor: Absa Bank Limited (acting through its Corporate and Investment Banking Division)
BHP Billiton Limited ABN 49 004 028 077 BHP Billiton Plc Registration number 3196209
Registered in Australia Registered in England and Wales
Registered Office: 171 Collins Street, Melbourne, Victoria 3000 Registered Office: Neathouse Place, London SW1V 1BH United Kingdom
The BHP Billiton Group is headquartered in Australia
NEWS RELEASE
Release Time IMMEDIATE
Date 11 March 2014
BHP BILLITON IRON ORE DELIVERING SIGNIFICANT VALUE
BHP Billiton today outlined how its focus on productivity and capital efficient debottlenecking
in its iron ore business is delivering value.
Speaking at the AJM Global Iron Ore and Steel Forecast conference, BHP Billiton Iron Ore
President Jimmy Wilson, reiterated the Company’s view of the iron ore market and its
Western Australia Iron Ore business.
“Our market outlook is for continued strong steel demand growth over the next 10 years. Our
view that Chinese crude steel production is expected to peak at 1.1 billion tonnes, around
2025, is unchanged. We remain confident that global demand for iron ore will continue to
grow, though at a more moderate rate, driven by urbanisation and industrialisation,” he said.
“BHP Billiton will retain a favourable position on the iron ore cost curve underpinned by the
quality of our resource base. These resources further position us to benefit from an
increasing market preference for high quality lump and fines iron ore products.”
Mr Wilson also reiterated the Company’s productivity agenda was underway and delivering
significant value.
“Our journey to deliver sustainable productivity benefits has encompassed a full review of the
supply chain across mines, rail and port. Our initial focus on equipment availability, utilisation
and operating rate was followed by low-cost debottlenecking initiatives.
“Across our mines we have realised significant productivity improvements that have resulted
in increased shovel, truck and ore handling plant availability and utilisation. Where
appropriate, we have also installed relocatable crushers to increase high margin volumes.”
Over the longer term, BHP Billiton has a low-cost option to expand Jimblebar production to
55 million tonnes per annum (mtpa), as well as debottlenecking of the supply chain, to
deliver capital efficient growth towards 270 mtpa (100 per cent basis).
“Our Iron Ore business is well positioned to deliver high margin volume growth at a lower
cost without the need for an additional mining hub or major port and rail infrastructure,” Mr
Wilson said.
Further information on BHP Billiton can be found at: www.bhpbilliton.com.
Media Relations Investor Relations
Australia Australia
Emily Perry Tara Dines
Tel: +61 3 9609 2800 Mobile: +61 477 325 803 Tel: +61 3 9609 2222 Mobile: +61 499 249 005
email: Emily.Perry@bhpbilliton.com email: Tara.Dines@bhpbilliton.com
Fiona Hadley Jodie Phillips
Tel: +61 3 9609 2211 Mobile: +61 427 777 908 Tel: +61 3 9609 2069 Mobile: +61 418 710 516
email: Fiona.Hadley@bhpbilliton.com email: Jodie.Phillips@bhpbilliton.com
Eleanor Nichols United Kingdom and South Africa
Tel: +61 3 9609 2360 Mobile: +61 407 064 748
email: Eleanor.Nichols@bhpbilliton.com Jonathan Price
Tel: +44 20 7802 4131 Mobile: +44 7990 527 726
United Kingdom email: Jonathan.H.Price@bhpbilliton.com
Ruban Yogarajah Dean Simon
Tel: +44 20 7802 4033 Mobile: +44 7827 082 022 Tel: +44 20 7802 7461 Mobile: +44 7717 511 193
email: Ruban.Yogarajah@bhpbilliton.com email: Dean.Simon@bhpbilliton.com
Jennifer White Americas
Tel: +44 20 7802 7462 Mobile: +44 7827 253 764
email: Jennifer.White@bhpbilliton.com James Agar
Tel: +1 212 310 1421 Mobile: +1 347 882 3011
Americas email: James.Agar@bhpbilliton.com
Ruban Yogarajah Joseph Suarez
Tel: +44 20 7802 4033 Mobile: +44 7827 082 022 Tel: +1 212 310 1422 Mobile: +1 646 400 3803
email: Ruban.Yogarajah@bhpbilliton.com email: Joseph.Suarez@bhpbilliton.com
BHP Billiton Limited ABN 49 004 028 077 BHP Billiton Plc Registration number 3196209
Registered in Australia Registered in England and Wales
Registered Office: Level 16, 171 Collins Street Registered Office: Neathouse Place
Melbourne Victoria 3000 Australia London SW1V 1LH United Kingdom
Tel +61 1300 55 4757 Fax +61 3 9609 3015 Tel +44 20 7802 4000 Fax +44 20 7802 4111
Members of the BHP Billiton Group which is headquartered in Australia
Sponsor: Absa Bank Limited (acting through its Corporate and Investment Banking Division)
Date: 11/03/2014 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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