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BIL 201603080001A
Global Iron Ore & Steel Forecast Conference Presentation
BHP Billiton Plc
Registration number 3196209
Registered in England and Wales
Share code: BIL
ISIN: GB0000566504
Issued by: BHP Billiton Plc
Date: 8 March 2016
To: London Stock Exchange
JSE Limited
For Release: Immediately
Contact: Helen Ratsey +44 (0) 20 7802 7540
BHP Billiton Plc – Global Iron Ore & Steel Forecast Conference
UK Listing Authority Submissions
The following document has today been submitted to the National Storage Mechanism
and will shortly be available for inspection at www.hemscott.com/nsm.do:
• Global Iron Ore & Steel Forecast Conference Presentation
The document may also be accessed via BHP Billiton’s website - www.bhpbilliton.com
BHP Billiton Plc Registration number 3196209
Registered in England and Wales
Registered Office: Neathouse Place London SW1V 1LH United Kingdom
A member of the BHP Billiton Group which is headquartered in Australia
Sponsor: UBS South Africa (Pty) Limited
NEWS RELEASE
Release Time IMMEDIATE
Date 8 March 2016
Release Number 9/16
BUILDING ON PRODUCTIVITY LEADERSHIP AND A STRONG ASSET BASE
BHP Billiton is meeting the challenges of the global iron ore market through a focus on
productivity and a “relentless pursuit of the basics” in its Western Australia Iron Ore
(WAIO) operations.
In a key note address at this year’s Global Iron Ore and Steel Forecast Conference,
Asset President WAIO, Edgar Basto, spoke to the global market dynamics affecting
one of Australia’s most important exports.
“Following a decade of strong growth driven by fixed assets investments, the Chinese
economy is transitioning to a more consumer and services based model, with future
growth likely to be inherently less steel intensive,” he said.
“The Chinese Government’s steel industry restructure plans will take time to
implement but it’s important to note a reduction in excess capacity will mean improved
sustainability of the industry and our customers are likely to benefit from any
consolidation.”
Mr Basto reiterated that the mining industry would need to continue to meet the
challenges of a lower price environment through productivity.
“Our structured approach to safely increasing the availability, utilisation and rate of our
existing infrastructure will support continued productivity improvements at WAIO,” he
said.
“We continue to increase our productivity in Port and Rail as we approach our targeted
run rate of approximately 270 million tonnes per annum. This has been achieved
through a range of measures such as the optimisation of our pit-to-port scheduling
strategy and alignment of maintenance shutdowns across our mines, port and track.”
Mr Basto said BHP Billiton’s new Operating Model would also support safe delivery of
further productivity gains from WAIO’s Tier 1 asset base in the Pilbara.
“Our productivity drive has supported an EBITDA margin of over 50 per cent at WAIO
despite the iron ore price halving since 2012,” he said.
"Through the new Operating Model we will deliver faster replication of leading
practices and improved technologies across all of BHP Billiton's global operations as
well as a major reduction in the costs of our functions."
Mr Basto reinforced the Company’s commitment to Western Australia and its local
communities.
“WAIO remains a strong supporter of the communities in which we operate, having
committed A$300 million over the past five years to health, education and Indigenous
development programs and community infrastructure.
“We are proud of the contribution we have made, and continue to make in WA.
Despite the challenging market conditions faced by the industry, BHP Billiton is
unwavering in its commitment to the State and our local communities.”
Further information on BHP Billiton can be found at: bhpbilliton.com
Media Relations Investor Relations
Australia and Asia Australia and Asia
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
Eleanor Colonico Andrew Gunn
Tel: +61 3 9609 2360 Mobile +61 407 064 748 Tel: +61 3 9609 3575 Mobile: +61 402 087 354
Email: Eleanor.Colonico@bhpbilliton.com email: Andrew.Gunn@bhpbilliton.com
Paul Hitchins United Kingdom and South Africa
Tel: +61 3 9609 2592 Mobile +61 419 315 001
Email: Paul.Hitchins@bhpbilliton.com Jonathan Price
Tel: +44 20 7802 4131 Mobile: +44 7990 527 726
United Kingdom and South Africa email: Jonathan.H.Price@bhpbilliton.com
Ruban Yogarajah Americas
Tel: +44 207 802 4033 Mobile +44 7827 082 022
Email: Ruban.Yogarajah@bhpbilliton.com James Wear
Tel: +1 212 310 1421 Mobile: +1 347 882 3011
Jennifer White email: James.Wear@bhpbilliton.com
Tel : +44 207 802 7462 Mobile +44 7827 253 764
Email: Jennifer.White@bhpbilliton.com Joseph Suarez
Tel: +1 212 310 1422 Mobile: +1 646 400 3803
North America email: Joseph.Suarez@bhpbilliton.com
Jaryl Strong
Tel: +1 713 499 5548 Mobile: +1 281 222 6627
email: Jaryl.Strong@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 18, 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
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