PRODUCTION REPORT FOR THE QUARTER ENDED 31 DECEMBE29 Jan 2004
BHP BILLITON PRODUCTION REPORT FOR THE QUARTER ENDED 31 DECEMBER 2003           
BHP BILLITON PLC                                                                
ISIN: GB0000566504                                                              
JSE SHARE CODE: BIL                                                             
BHP Billiton today released its production report for the quarter ended 31      
December 2003.                                                                  
*Record quarterly Western Australian Iron Ore production of 23.0 million tonnes 
and record quarterly despatches of 22.5 million tonnes (100 per cent basis)     
*Record quarterly Aluminium production resulting from early commissioning of the
Mozal 2 (Mozambique) and Hillside 3 (South Africa) expansions.                  
*Record quarterly production of Ekati(TM) Diamonds (Canada)                     
*First production from Ohanet wet gas development in Algeria.                   
- Total Petroleum Products - Total production for the December 2003 quarter was 
30.2 million barrels of oil equivalent, one per cent higher than the December   
2002 quarter and six per cent lower than the September 2003 quarter.   Total    
production for the second half of calendar year 2003 was 6.3 per cent higher    
than the first half, as the predicted decline in some of our legacy oil assets  
was more than offset by increased gas production and production from new assets.
- Oil and Condensate - Production for the December 2003 quarter was 14.9 million
barrels, nine per cent lower than the 16.4 million barrels produced in the      
December 2002 quarter.  This was mainly due to natural field decline in         
Laminaria (Australia), Griffin (Australia), Bass Strait Australia) and Liverpool
Bay (UK), along with a scheduled maintenance shut down at North West Shelf      
(Australia) and maintenance shut downs at Bruce (UK).   This was partly offset  
by new production from Ohanet in October 2003, Boris North (USA) in September   
2003 and Boris South (USA) in February 2003.  Production was four per cent lower
than the 15.5 million barrels produced in the September 2003 quarter, reflecting
natural field decline across the portfolio and the shut downs at North West     
Shelf and Bruce.  This was partly offset by the new production from Ohanet and  
Boris North.                                                                    
- Natural Gas - Production for the December 2003 quarter was 77.6 billion cubic 
feet, 12 per cent higher than the 69.4 billion cubic feet produced in the       
December 2002 quarter.  This was due to the commissioning of Zamzama Phase 1    
(Pakistan), Boris South and Boris North, and increased demand from Bass Strait  
due to unseasonably cool weather conditions.  These factors were partly offset  
by maintenance shut downs at Bruce. Production for the quarter was nine per cent
lower than the 85.2 billion cubic feet produced in the September 2003 quarter   
due to seasonally driven demand for Bass Strait natural gas and a scheduled shut
down at North West Shelf.  This was partly offset by higher production at       
Liverpool Bay due to winter demand.                                             
- Alumina - Production for the December 2003 quarter was 1.1 million tonnes,    
five per cent higher than the December 2002 quarter, due to power disruptions at
Worsley (Australia) and Paranam (Suriname) last year.  Production was in line   
with the September 2003 quarter.                                                
- Aluminium - Production for the December 2003 quarter was a record 308,000     
tonnes, 16 per cent higher than the December 2002 quarter, and nine per cent    
higher than the September 2003 quarter.  The increase mainly reflects the ramp  
up of production from the Mozal 2 and Hillside 3 expansions, which reached full 
commissioning in August 2003 and December 2003, respectively.   This was partly 
offset by lower production at Alumar (Brazil) following an electrical outage in 
July 2003.   Sales were 14 per cent lower than the September 2003 quarter due to
timing of shipments.                                                            
- Copper - Production for the December 2003 quarter of 226,800 tonnes was in    
line with the December 2002 quarter, reflecting resumed sulphide mining         
operations at Tintaya (Peru) in August 2003, offset by sale of the Group"s      
interest in the Alumbrera (Argentina) mine in April 2003 and lower production at
Antamina (Peru) while access to ore is restricted to the flanks of the deposit. 
Production was six per cent higher than the September 2003 quarter, mainly a    
result of resumed sulphide operations at Tintaya.                               
In October 2003, BHP Billiton announced that Escondida would return to its      
normal mine plan and production profile commencing January 2004.  In preparing  
for the return to the normal plan, Escondida has experienced difficulty in      
achieving the expected water recovery rates from the new tailings dam           
constructed during the Phase IV expansion.  Escondida has identified the        
associated technical issues related to the water recovery rates and will begin  
to implement a solution.  During this process, it is expected that the          
concentrators at Escondida will operate between 5 and 10 per cent below full    
rated throughput capacity.                                                      
- Iron Ore - A new quarterly production record of 23.0 million tonnes (100 per  
cent basis) was set at Western Australia during the December 2003 quarter, 20   
per cent higher than the December 2002 quarter, and five per cent higher than   
the September 2003 quarter.  The increased production is in response to ongoing 
strong customer demand in all Asian markets, particularly China.  A quarterly   
despatch record of 22.5 million tonnes (100% basis) was also set in Western     
Australia during the December 2003 quarter. Total iron ore production for the   
December 2003 quarter was 21.7 million tonnes (BHP Billiton share), 18 and four 
per cent higher than the December 2002 and September 2003 quarters,             
respectively.                                                                   
- Metallurgical Coal - Production for the December 2003 quarter of 8.4 million  
tonnes was in line with the December 2002 quarter, reflecting strong customer   
demand at Queensland Coal (Australia), offset by decreased production at        
Illawarra Coal (Australia), resulting from the closure of Tower colliery in     
December 2002 and adverse mining conditions at the West Cliff colliery.         
Production was seven per cent lower than the September 2003 quarter, due to the 
scheduling of plant maintenance at Queensland Coal, and the adverse mining      
conditions at West Cliff colliery.  Shipments from Queensland Coal were nine per
cent higher than the September 2003 quarter and 25 per cent higher than the     
December 2002 quarter, reflecting strong customer demand and increased sales to 
China.                                                                          
- Manganese alloys - Production for the December 2003 quarter of 183,000 tonnes 
was 24 per cent higher than the September 2003 quarter following resumption of  
normal operations at the Metalloys silicomanganese plant (South Africa) in      
September 2003.                                                                 
- Hot briquetted iron - Production for the December 2003 quarter of 527,000     
tonnes was 27 per cent higher than the December 2002 quarter, reflecting strong 
customer demand and continued ramp up of the Boodarie(TM) Iron plant.           
- Ekati(TM) Diamonds - Production of 1.7 million carats was 59 per cent higher  
than the December 2002 quarter and 10 per cent higher than the September 2003   
quarter.  This increase reflects the processing of a pocket of high grade       
material from the Koala pit which was completed in December 2003, along with    
sustained benefits from the processing plant de-bottlenecking program.          
- Energy Coal - Production for the December 2003 quarter was 20.0 million       
tonnes, three per cent lower than the December 2002 quarter and six per cent    
lower than the September 2003 quarter. The decrease compared with the September 
2003 quarter mainly reflects lower production at New Mexico Coal USA) Navajo    
mine in anticipation of a planned major outage at a customer"s power plant and  
longwall move at San Juan underground, along with lower production at Cerrejon  
Coal (Colombia) mainly due to adverse weather conditions during the month of    
December 2003.  These factors were partly offset by higher production at Hunter 
Valley (Australia) reflecting the ramp up of Mount Arthur North.                
- Nickel - Production for the quarter of 20,000 tonnes was three per cent higher
than the December 2002 quarter, mainly reflecting benefits of processing        
enhancements arising from operating excellence initiatives at both Cerro Matoso 
(Colombia) and Yabulu (Australia).  Production was three per cent lower than the
September 2003 quarter, due to the impact of adverse weather conditions during  
the month of December at Cerro Matoso, and scheduled maintenance at Yabulu.     
- Ferrochrome - Production of 269,000 tonnes for the quarter was 17 per cent    
higher than the December 2002 quarter driven by the restart of idle furnaces in 
the March 2003 quarter.  Production was 19 per cent higher than the September   
2003 quarter, when maintenance shut downs were scheduled to coincide with the   
high winter electricity tariff period in South Africa.                          
BHP BILLITON PRODUCTION                                                         
SUMMARY                                                                         
QUARTER ENDED          HALF YEAR       % CHANGE      
                                               ENDED                            
                                                                   DEC   DEC   Y
                                                              Q03   Q03   03    
DEC     SEPT    DEC     DEC     DEC     vs    vs    v
                           2002    2003    2003    2003    2002    DEC   SEPT  Y
                                                              Q02   Q03   02    
PETROLEUM                                                                       
Crude oil and   ("000     16,398  15,512  14,877  30,389  34,948  -9%   -4%   -
 condensate      bbl)                                                           
 Natural gas     (bcf)     69.41   85.19   77.57   162.76  141.27  12%   -9%   1
 LPG             ("000     167.97  199.33  200.51  399.84  376.93  19%   1%    6
tonnes)                                                         
 Ethane          ("000     19.91   27.32   25.25   52.57   47.58   27%   -8%   1
                tonnes)                                                         
 Total           (million  30.0    32.1    30.2    62.4    63.1    1%    -6%   -
Petroleum       boe)                                                           
 Products                                                                       
ALUMINIUM                                                                       
 Alumina         ("000     998     1,053   1,050   2,103   2,029   5%    0%    4
tonnes)                                                         
 Aluminium       ("000     266     282     308     590     534     16%   9%    1
                tonnes)                                                         
BASE METALS                                                                     
Copper          ("000     225.6   214.5   226.8   441.3   410.1   1%    6%    8
                tonnes)                                                         
 Lead            (tonnes)  58,345  59,364  55,211  114,575 121,588 -5%   -7%   -
 Zinc            (tonnes)  44,115  49,094  45,912  95,006  92,657  4%    -6%   3
Gold            (ounces)  69,175  29,170  32,085  61,255  124,328 -54%  10%   -
 Silver          ("000     9,870   10,596  9,980   20,576  21,130  1%    -6%   -
                ounces)                                                         
 Molybdenum      (tonnes)  365     325     290     615     678     -20%  -11%  -
CARBON STEEL                                                                    
MATERIALS                                                                       
 Iron ore        ("000     18,447  20,922  21,728  42,650  37,075  18%   4%    1
                tonnes)                                                         
Metallurgical   ("000     8,390   9,099   8,445   17,544  17,040  1%    -7%   3
 coal            tonnes)                                                        
 Manganese ores  ("000     1,059   1,153   1,199   2,352   2,154   13%   4%    9
                tonnes)                                                         
Manganese       ("000     190     147     183     330     365     -4%   24%   -
 alloys          tonnes)                                                        
 Hot briquetted  ("000     414     496     527     1,023   747     27%   6%    3
 iron            tonnes)                                                        
DIAMONDS AND SPECIALTY                                                          
PRODUCTS                                                                        
 Diamonds        ("000     1,071   1,552   1,704   3,256   2,025   59%   10%   6
                carats)                                                         
ENERGY COAL                                                                     
 Energy coal     ("000     20,648  21,156  19,978  41,134  39,977  -3%   -6%   3
                tonnes)                                                         
STAINLESS STEEL                                                                 
MATERIALS                                                                       
 Nickel          ("000     19.4    20.6    20.0    40.6    38.5    3%    -3%   5
                tonnes)                                                         
 Ferrochrome     ("000     230     227     269     496     468     17%   19%   6
tonnes)                                                         
Throughout this report figures in italics indicate adjustments made since the   
figure was previously reported.                                                 
BHP BILLITON ATTRIBUTABLE                                                       
PRODUCTION                                                                      
                            QUARTER ENDED                       HALF YEAR       
                                                             ENDED              
                  BHP       DEC    MARCH  JUNE   SEPT    DEC      DEC     DEC   
Billiton                                                       
                  Interest  2002   2003   2003   2003    2003     2003    2002  
PETROLEUM                                                                       
Production                                                                      
Crude oil and    (000      16,398 15,310 15,635 15,512  14,877   30,389  34,948
 condensate       bbl)                                                          
 Natural gas      (bcf)     69.41  66.99  72.91  85.19   77.57    162.76  141.27
 LPG              ("000     167.97 160.62 205.57 199.33  200.51   399.84  376.93
tonnes)                                                        
 Ethane           ("000     19.91  22.35  24.97  27.32   25.25    52.57   47.58 
                 tonnes)                                                        
 Total Petroleum  (million  30.0   28.4   30.3   32.1    30.2     62.4    63.1  
Products         boe)                                                          
ALUMINIUM                                                                       
ALUMINA                                                                         
Production ("000                                                                
tonnes)                                                                         
 Worsley          86%       662    658    724    699     700      1,399   1,360 
 Suriname         45%       213    222    223    227     230      457     434   
 Alumar           36%       123    123    113    127     120      247     235   
Total                      998    1,003  1,060  1,053   1,050    2,103   2,029 
ALUMINIUM                                                                       
Production ("000                                                                
tonnes)                                                                         
Hillside         100%      134    133    132    135     151      286     269   
 Bayside          100%      45     48     46     47      46       93      91    
 Alumar           46.3%     44     45     45     31      36       67      88    
 Valesul          45.5%     11     10     11     11      11       22      22    
Mozal            47%       32     31     39     58      64       122     64    
 Total                      266    267    273    282     308      590     534   
BASE METALS (a)                                                                 
COPPER                                                                          
Payable metal in                                                                
concentrate ("000 tonnes)                                                       
 Escondida (b)    57.5%     105.6  118.5  126.6  115.9   109.1    225.0   174.0 
 Tintaya (c)      100%      -      -      -      -       15.0     15.0    -     
Antamina         33.8%     26.4   23.6   21.2   16.9    20.5     37.4    52.1  
 Alumbrera (d)    25%       13.4   9.9    -      -       -        -       24.5  
 Highland Valley  33.6%     14.3   13.2   13.8   14.1    14.2     28.3    29.2  
 Copper (e)                                                                     
Selbaie (f)      100%      2.1    1.7    1.8    1.6     1.8      3.4     4.9   
 Total                      161.8  166.9  163.4  148.5   160.6    309.1   284.7 
Cathode ("000                                                                   
tonnes)                                                                         
Escondida        57.5%     19.1   20.4   21.1   21.4    21.8     43.2    37.0  
 Cerro Colorado   100%      33.1   32.5   33.0   33.1    33.0     66.1    65.6  
 Tintaya (c)      100%      8.9    9.0    9.1    9.0     9.0      18.0    17.3  
 Pinto Valley     100%      2.7    2.5    2.6    2.5     2.4      4.9     5.5   
Total                      63.8   64.4   65.8   66.0    66.2     132.2   125.4 
LEAD                                                                            
Payable metal in                                                                
concentrate (tonnes)                                                            
Cannington       100%      57,651 58,711 59,389 59,364  55,211   114,575 119,32
 Pering (g)       100%      694    354    -      -       -        -       2,261 
 Total                      58,345 59,065 59,389 59,364  55,211   114,575 121,58
ZINC                                                                            
Payable metal in                                                                
concentate (tonnes)                                                             
 Cannington       100%      14,721 15,480 18,479 14,850  11,692   26,542  29,903
 Antamina         33.8%     15,424 20,519 28,553 27,933  27,026   54,959  33,613
Selbaie (f)      100%      6,540  6,421  7,364  6,311   7,194    13,505  16,380
 Pering (g)       100%      7,430  4,335  -      -       -        -       12,761
 Total                      44,115 46,755 54,396 49,094  45,912   95,006  92,657
 Refer footnotes                                                                
on page 4.                                                                     
BASE METALS                                                                     
(continued)                                                                     
GOLD                                                                            
Payable metal in                                                                
concentrate (ounces)                                                            
 Escondida (b)    57.5%     15,936 17,458 20,664 25,016  24,833   49,849  26,010
 Tintaya (c)      100%      -      -      -      -       2,658    2,658   -     
Alumbrera (d)    25%       46,940 35,084 -      -       -        -       86,219
 Selbaie (f)      100%      5,069  4,146  4,081  3,129   3,428    6,557   9,555 
 Highland Valley  33.6%     1,230  1,114  1,007  1,025   1,166    2,191   2,544 
 Copper (e)                                                                     
Total                      69,175 57,802 25,752 29,170  32,085   61,255  124,32
SILVER                                                                          
Payable metal in                                                                
concentrate ("000 ounces)                                                       
Cannington       100%      8,326  8,773  8,161  9,177   8,287    17,464  17,938
 Escondida        57.5%      387    471    538    561     550     1,111    691  
 Antamina         33.8%      557    617    517    435     494      929    1,093 
 Tintaya (c)      100.0%    -      -      -      -        170      170    -     
Alumbrera (d)    25.0%      72     75    -      -       -        -        125  
 Highland Valley  33.6%      159    140    143    160     163      323     321  
 Copper (e)                                                                     
 Selbaie (f)      100%       369    279    284    263     316      579     962  
Total                      9,870  10,355 9,643  10,596  9,980    20,576  21,130
MOLYBDENUM                                                                      
Payable metal in                                                                
concentrate (tonnes)                                                            
Antamina         33.8%      115    113    21     25      20       45      208  
 Highland Valley  33.6%      250    260    280    300     270      570     470  
 Copper (e)                                                                     
 Total                       365    373    301    325     290      615     678  
CARBON STEEL                                                                    
MATERIALS                                                                       
IRON ORE (h)                                                                    
Production ("000                                                                
tonnes)                                                                         
 Mt Newman Joint  85%       5,287  4,964  6,221  6,639   6,707    13,346  10,773
 Venture                                                                        
 Goldsworthy      85%       1,808  1,497  1,497  1,633   1,477    3,110   3,699 
Joint Venture                                                                  
 (i)                                                                            
 Area C Joint     85%       -      -       19     341    1,048    1,389   -     
 Venture (j)                                                                    
Yandi Joint      85%       8,187  7,452  8,353  8,679   9,005    17,684  15,983
 Venture                                                                        
 Jimblebar        100%      1,186  1,371  1,428  1,622   1,520    3,142   2,619 
 Samarco          50%       1,979  1,953  1,902  2,008   1,971    3,979   4,001 
Total                      18,447 17,237 19,420 20,922  21,728   42,650  37,075
METALLURGICAL                                                                   
COAL (k)                                                                        
Production ("000                                                                
tonnes)                                                                         
 BMA              50%       5,032  5,838  5,769  5,591   5,395    10,986  9,684 
 BHP Mitsui Coal  80%       1,472  1,200  2,033  1,926   1,591    3,517   3,335 
 (l)                                                                            
Illawarra        100%      1,886  1,518  1,224  1,582   1,459    3,041   4,021 
 Total                      8,390  8,556  9,026  9,099   8,445    17,544  17,040
MANGANESE ORES                                                                  
Saleable                                                                        
production ("000                                                                
tonnes)                                                                         
 South Africa (m) 60%        560    534    574    600     651     1,251   1,141 
 Australia (m)    60%        499    356    484    553     548     1,101   1,013 
Total                      1,059   890   1,058  1,153   1,199    2,352   2,154 
MANGANESE ALLOYS                                                                
Saleable                                                                        
production ("000                                                                
tonnes)                                                                         
 South Africa (m) 60%        125    117    137    93      122      215     249  
 Australia (m)    60%        65     60     58     54      61       115     116  
 Total                       190    177    195    147     183      330     365  
Refer footnotes                                                                
 on page 4.                                                                     
CARBON STEEL MATERIALS                                                          
(cont"d)                                                                        
HOT BRIQUETTED                                                                  
IRON                                                                            
Production ("000                                                                
tonnes)                                                                         
Boodarie(TM)     100%       414    465    458    496     527     1,023    747  
 Iron                                                                           
DIAMONDS AND SPECIALTY                                                          
PRODUCTS                                                                        
DIAMONDS                                                                        
Production ("000                                                                
carats)                                                                         
 Ekati(TM)        80%       1,071  1,015  1,300  1,552   1,704    3,256   2,025 
ENERGY COAL                                                                     
Production ("000                                                                
tonnes)                                                                         
 South Africa     100%      13,333 13,256 13,812 13,782  13,472   27,254  27,171
USA (n)          100%      4,339  3,147  3,877  3,582   2,829    6,411   7,139 
 Australia        100%      1,234  1,922  2,041  1,756   2,054    3,810   2,478 
 Indonesia (o)    80%        29     28    -      -       -        -        245  
 Colombia         33%       1,713  1,382  2,261  2,036   1,623    3,659   2,944 
Total                      20,648 19,735 21,991 21,156  19,978   41,134  39,977
STAINLESS STEEL                                                                 
MATERIALS                                                                       
NICKEL                                                                          
Production ("000                                                                
tonnes)                                                                         
 CMSA             99.8%     11.9   11.1   12.2   12.4    12.2     24.6    23.6  
 Yabulu           100%      7.5    7.5    8.8    8.2     7.8      16.0    14.9  
Total                      19.4   18.6   21.0   20.6    20.0     40.6    38.5  
FERROCHROME                                                                     
Saleable                                                                        
production ("000                                                                
tonnes)                                                                         
 South Africa (m) 60%        230    263    259    227     269      496     468  
(a) Metal production is reported on the basis of payable metal.                 
(b) The Escondida Phase IV expansion was commissioned in October 2002.          
(c) Sulphide production at Tintaya was temporarily reduced in January 2002 due  
to weak market conditions.  Sulphide mining operations recommenced during August
2003.                                                                           
(d) BHP Billiton announced the sale of its interest in Alumbrera in March       
2003.The sale transaction reached closure in June 2003.                         
(e) BHP Billiton sold its interest in Highland Valley Copper with effect from   
January 3, 2004.The sale is expected toclose by the end of February 2004.       
(f) Production at Selbaie is expected to cease in February 2004, in accordance  
with mine plan.Shipments are expected to cease in May 2004.                     
(g) Production ceased at Pering, ahead of mine closure, in February 2003.       
(h) Iron ore production is reported on a wet tonnes basis.                      
(i) Includes bulk sample production from Area C prior to May 2003.              
(j) Production commenced in May 2003.                                           
(k) Coal production is reported on the basis of saleable product.Production     
figures include some thermal coal.                                              
(l) Shown on 100% basis before 20% outside equity interest.                     
(m) Shown on 100% basis.BHP Billiton interest in saleable production is 60%.    
(n) Includes production from longwall operations at San Juan, which commenced in
October 2002.                                                                   
(o) Production shown on 86.5% basis after allowing for Indonesian state owned   
corporation"s 13.5% share of production.   Mining operations at Petangis ceased 
in October 2002.                                                                
PRODUCTION AND SHIPMENT                                                         
REPORT                                                                          
QUARTER ENDED                       HALF YEAR           
                                                         ENDED                  
                        DEC    MARCH  JUNE   SEPT   DEC       DEC    DEC        
                        2002   2003   2003   2003   2003      2003   2002       
PETROLEUM                                                                       
BHP Billiton attributable production                                            
unless otherwise stated.                                                        
CRUDE OIL and CONDENSATE ("000                                                  
barrels)                                                                        
 Bass Strait            5,799  5,391  5,643  5,872  5,333     11,205 12,598     
 North West Shelf -     1,510  1,566  1,560  1,491  1,204     2,695  3,112      
 condensate                                                                     
North West Shelf -     1,655  1,679  1,606  1,604  1,675     3,279  3,531      
 Wanaea/Cossack                                                                 
 Laminaria              1,869  1,419  1,161  1,151   966      2,117  4,783      
 Griffin                1,089   831    708    742    563      1,305  2,370      
Pakistan                17     16     14     53     53        106    35        
 Typhoon/Boris           654    852   1,430  1,214  1,605     2,819  1,887      
 (a)                                                                            
 Americas                652    816    715    608    586      1,194  1,370      
Liverpool Bay          2,463  2,174  2,344  2,324  2,061     4,385  4,301      
 Bruce/Keith             690    566    454    453    387       840    961       
 Algeria (b)                                         444       444              
 Total                  16,398 15,310 15,635 15,512 14,877    30,389 34,948     
NATURAL GAS (billion                                                            
cubic feet)                                                                     
 Bass Strait            21.07  17.51  25.37  33.04  23.86     56.90  54.14      
 North West Shelf -     3.82   3.81   4.07   3.99   3.95      7.94   7.44       
Domestic                                                                       
 North West             14.93  15.11  15.41  16.74  14.93     31.67  31.48      
 Shelf - LNG                                                                    
 Griffin                1.03   0.81   0.81   0.96   0.90      1.86   1.98       
Pakistan               2.76   2.57   2.33   7.86   7.83      15.69  5.59       
 Typhoon/Boris          0.71   2.03   2.03   1.58   2.41      3.99   2.09       
 (a)                                                                            
 Americas               3.80   3.34   3.42   3.25   3.73      6.98   7.71       
Bruce                  10.55  10.04  8.17   8.77   8.52      17.29  15.14      
 Keith                  0.15   0.15   0.14   0.11   0.08      0.19   0.22       
 Liverpool Bay          10.59  11.62  11.16  8.89   11.36     20.25  15.48      
 Total                  69.41  66.99  72.91  85.19  77.57     162.76 141.27     
LPG ("000                                                                       
tonnes)                                                                         
 Bass Strait            115.23 111.74 135.18 150.19 130.02    280.21 264.89     
 North West             31.04  32.67  32.39  34.21  28.11     62.32  67.36      
Shelf                                                                          
 Bruce                  20.47  15.10  37.24  14.12  17.71     31.83  42.92      
 Keith                  1.23   1.11   0.76   0.81   0.31      1.12   1.76       
 Algeria (b)                                        24.36     24.36             
Total                  167.97 160.62 205.57 199.33 200.51    399.84 376.93     
ETHANE ("000            19.91  22.35  24.97  27.32  25.25     52.57  47.58      
tonnes)                                                                         
TOTAL PETROLEUM         30.0   28.4   30.3   32.1   30.2      62.4   63.1       
PRODUCTS                                                                        
(million barrels of oil equivalent) (c)                                         
(a) Boris commenced production in February 2003.                                
(b) Ohanet commenced production in October 2003.                                
(c) Total barrels of oil equivalent (boe) conversions based on the following:   
     - 6000 scf of natural gas equals 1 boe                                     
     - 1 tonne of LPG equals 11.6 boe                                           
     - 1 tonne of ethane equals 4.4667 boe                                      
PRODUCTION AND SHIPMENT                                                         
REPORT                                                                          
                         QUARTER ENDED                       HALF YEAR          
                                                         ENDED                  
DEC    MARCH  JUNE   SEPT   DEC       DEC    DEC       
                         2002   2003   2003   2003   2003      2003   2002      
ALUMINIUM                                                                       
BHP Billiton attributable production and                                        
sales unless otherwise stated.                                                  
("000 tonnes)                                                                   
ALUMINA                                                                         
 Production                                                                     
Worsley,                 662    658    724    699    700      1,399  1,360     
 Australia                                                                      
 Paranam,                 213    222    223    227    230       457    434      
 Suriname                                                                       
Alumar, Brazil           123    123    113    127    120       247    235      
 Total                    998   1,003  1,060  1,053  1,050     2,103  2,029     
 Sales                                                                          
 Worsley,                 606    751    636    697    740      1,437  1,364     
Australia                                                                      
 Paranam,                 201    243    228    221    250       471    454      
 Suriname                                                                       
 Alumar, Brazil           125    124    107    120    128       248    255      
Total                    932   1,118   971   1,038  1,118     2,156  2,073     
ALUMINIUM                                                                       
 Production                                                                     
 Hillside,                134    133    132    135    151       286    269      
South Africa                                                                   
 Bayside, South           45     48     46     47     46        93     91       
 Africa                                                                         
 Alumar, Brazil           44     45     45     31     36        67     88       
Valesul,                 11     10     11     11     11        22     22       
 Brazil                                                                         
 Mozal,                   32     31     39     58     64        122    64       
 Mozambique                                                                     
Total                    266    267    273    282    308       590    534      
 Sales                                                                          
 Hillside,                135    133    143    134    145       279    259      
 South Africa                                                                   
Bayside, South           45     48     48     54     35        89     92       
 Africa                                                                         
 Alumar, Brazil           52     38     51     38     25        63     90       
 Valesul,                 12     9      10     11     12        23     21       
Brazil                                                                         
 Mozal,                   35     33     41     61     40        101    62       
 Mozambique                                                                     
 Total                    279    261    293    298    257       555    524      
PRODUCTION AND SHIPMENT                                                         
REPORT                                                                          
                        QUARTER ENDED                      HALF YEAR ENDED      
                        DEC     MARCH  JUNE   SEPT    DEC     DEC      DEC      
2002    2003   2003   2003    2003    2003     2002     
BASE METALS                                                                     
BHP Billiton attributable production and sales unless otherwise                 
stated.Metals production is payable metal unless otherwise stated.              
Escondida,                                                                      
Chile (a)                                                                       
 Material      ("000    74,303  73,466 74,665 69,342  82,909  152,251  148,974  
 mined (100%)  tonnes)                                                          
Sulphide ore  ("000    14,632  16,744 16,416 18,888  18,299  37,187   24,774   
 milled (100%) tonnes)                                                          
 Average       (%)      1.59%   1.49%  1.62%  1.33%   1.31%   1.32%    1.53%    
 copper grade                                                                   
Production ex ("000    191.8   210.8  230.9  208.2   197.1   405.3    317.4    
 Mill (100%)   tonnes)                                                          
 Production                                                                     
 Payable       ("000    105.6   118.5  126.6  115.9   109.1   225.0    174.0    
copper        tonnes)                                                          
 Payable gold  (fine    15,936  17,458 20,664 25,016  24,833  49,849   26,010   
 concentrate   ounces)                                                          
 Copper        ("000    19.1    20.4   21.1   21.4    21.8    43.2     37.0     
cathode       tonnes)                                                          
 (SXEW)                                                                         
 Payable       ("000     387     471    538    561     550    1,111     691     
 silver        ounces)                                                          
concentrate                                                                    
 Sales                                                                          
 Payable       ("000    104.8   113.5  128.9  116.2   114.8   231.0    181.8    
 copper        tonnes)                                                          
Payable gold  (fine    16,709  17,166 20,138 25,335  26,984  52,319   28,398   
 concentrate   ounces)                                                          
 Copper        ("000    19.5    19.3   20.3   18.1    23.8    41.9     37.6     
 cathode       tonnes)                                                          
(SXEW)                                                                         
 Payable       ("000     400     484    584    574     634    1,208     669     
 silver        ounces)                                                          
 concentrate                                                                    
(a) Includes production from the Escondida Phase IV                            
 expansion which commissioned in October 2002.                                  
Tintaya, Peru                                                                   
(a)                                                                             
Material      ("000    -       -      -      4,151   17,450  21,601   -        
 mined         tonnes)                                                          
 Ore milled    ("000    -       -      -      -       1,408   1,408    -        
               tonnes)                                                          
Average       (%)      -       -      -      -       1.38%   1.38%    -        
 copper grade                                                                   
 Production                                                                     
 Payable       ("000    -       -      -      -       15.0    15.0     -        
copper        tonnes)                                                          
 Payable gold  (fine    -       -      -      -       2,658   2,658    -        
 concentrate   ounces)                                                          
 Copper        ("000    8.9     9.0    9.1    9.0     9.0     18.0     17.3     
cathode       tonnes)                                                          
 (SXEW)                                                                         
 Payable       ("000    -       -      -      -       170.0   170.0    -        
 silver        ounces)                                                          
concentrate                                                                    
 Sales                                                                          
 Payable       ("000    -       -      -      -       10.6    10.6     -        
 copper        tonnes)                                                          
Payable gold  (fine    -       -      -      -       3,086   3,086    -        
 concentrate   ounces)                                                          
 Copper        ("000    8.7     8.7    9.5    8.9     8.7     17.6     16.7     
 cathode       tonnes)                                                          
(SXEW)                                                                         
 Payable       ("000    -       -      -      -       100.0   100.0    -        
 silver        ounces)                                                          
 concentrate                                                                    
(a) Sulphide production at Tintaya was temporarily suspended in January        
 2002 due to weak market conditions.                                            
 Sulphide mining operations recommenced during August 2003.                     
Cerro                                                                           
Colorado,                                                                       
Chile                                                                           
 Material      ("000    15,027  16,564 16,458 20,332  19,855  40,187   32,990   
 mined         tonnes)                                                          
Ore milled    ("000    3,942   3,916  4,130  4,346   4,405   8,751    7,701    
               tonnes)                                                          
 Average       (%)      1.03%   1.00%  0.96%  0.99%   1.00%   1.00%    1.00%    
 copper grade                                                                   
Production                                                                     
 Copper        ("000    33.1    32.5   33.0   33.1    33.0    66.1     65.6     
 cathode       tonnes)                                                          
 Sales                                                                          
Copper        ("000    29.1    39.3   31.5   28.9    35.2    64.1     56.3     
 cathode       tonnes)                                                          
Antamina, Peru                                                                  
 Material      ("000    25,797  25,290 28,353 30,174  28,474  58,648   56,032   
mined (100%)  tonnes)                                                          
 Ore milled    ("000    6,395   6,424  6,697  6,018   7,273   13,291   13,189   
 (100%)        tonnes)                                                          
 Average head                                                                   
grades                                                                         
  - Copper     (%)      1.41%   1.32%  1.09%  1.17%   1.17%   1.17%    1.37%    
  - Zinc       (%)      1.15%   1.54%  1.97%  2.17%   1.77%   1.95%    1.22%    
 Production                                                                     
Payable       ("000    26.4    23.6   21.2   16.9    20.5    37.4     52.1     
 copper        tonnes)                                                          
 Payable zinc  (tonnes) 15,424  20,519 28,553 27,933  27,026  54,959   33,613   
 Payable       ("000     557     617    517    435     494     929     1,093    
silver        ounces)                                                          
 Payable       ("000    0.11    0.11   0.02   0.03    0.02    0.05     0.21     
 molybdenum    tonnes)                                                          
 Sales                                                                          
Payable       ("000    25.8    22.4   21.2   18.6    22.6    41.2     56.4     
 copper        tonnes)                                                          
 Payable zinc  (tonnes) 14,407  15,400 31,034 26,781  26,928  53,709   33,591   
 Payable       ("000     530     575    435    420     491     911     1,120    
silver        ounces)                                                          
 Payable       ("000    0.17    0.10   0.10   0.01    0.03    0.04     0.19     
 molybdenum    tonnes)                                                          
Highland                                                                        
Valley, Canada                                                                  
(a)                                                                             
 Material      ("000    18,682  16,642 18,186 16,892  15,774  32,666   39,137   
 mined (100%)  tonnes)                                                          
Ore milled    ("000    12,924  11,602 12,565 12,261  12,602  24,863   25,865   
 (100%)        tonnes)                                                          
 Average       (%)      0.39%   0.40%  0.39%  0.40%   0.38%   0.39%    0.40%    
 copper grade                                                                   
Production                                                                     
 Payable       ("000    14.3    13.2   13.8   14.1    14.2    28.3     29.2     
 copper        tonnes)                                                          
 Payable       ("000    0.25    0.26   0.28   0.30    0.27    0.57     0.47     
molybdenum    tonnes)                                                          
 Payable       ("000     159     140    143    160     163     323      321     
 silver        ounces)                                                          
 Payable gold  (fine    1,230   1,114  1,007  1,025   1,166   2,191    2,544    
concentrate   ounces)                                                          
 Sales                                                                          
 Payable       ("000    17.5    10.0   10.7   16.7    16.7    33.4     31.9     
 copper        tonnes)                                                          
Payable       ("000    0.22    0.26   0.23   0.28    0.30    0.58     0.41     
 molybdenum    tonnes)                                                          
 Payable       ("000     189     106    116    177     190     367      342     
 silver        ounces)                                                          
Payable gold  (fine    1,644    843    793   1,505   1,225   2,730    2,884    
 concentrate   ounces)                                                          
 (a) BHP Billiton sold its interest in Highland Valley Copper with effect       
 from January 3, 2004.The sale is expected to close by the end of               
February 2004.                                                                 
Cannington,                                                                     
Australia                                                                       
 Material      ("000     573     601    588    637     699    1,336    1,204    
mined         tonnes)                                                          
 Ore milled    ("000     564     589    560    589     598    1,187    1,163    
               tonnes)                                                          
 Average head                                                                   
grades                                                                         
  - Silver     (g/t)     535     550    525    564     497    530      550      
  - Lead       (%)      11.9%   11.8%  12.1%  11.5%   10.5%   11.0%    11.8%    
  - Zinc       (%)      4.3%    4.3%   5.3%   4.0%    3.4%    3.7%     4.3%     
Production                                                                     
 Payable       ("000    8,326   8,773  8,161  9,177   8,287   17,464   17,938   
 silver        ounces)                                                          
 Payable lead  (tonnes) 57,651  58,711 59,389 59,364  55,211  114,575  119,327  
Payable zinc  (tonnes) 14,721  15,480 18,479 14,850  11,692  26,542   29,903   
 Sales                                                                          
 Payable       ("000    9,049   8,956  8,412  6,765   10,716  17,481   18,450   
 silver        ounces)                                                          
Payable lead  (tonnes) 62,748  57,961 58,742 43,953  69,447  113,400  122,604  
 Payable zinc  (tonnes) 14,849  18,056 13,288 16,223  15,443  31,666   26,926   
Selbaie,                                                                        
Canada (a)                                                                      
Ore milled    ("000     999     919    982    858    1,017   1,875    2,048    
               tonnes)                                                          
 Average head                                                                   
 grades                                                                         
- Zinc       (%)      1.09%   1.11%  1.18%  1.13%   1.13%   1.13%    1.23%    
  - Copper     (%)      0.28%   0.25%  0.24%  0.25%   0.24%   0.24%    0.31%    
  - Gold       (g/t)    0.25    0.23   0.23   0.22    0.20    0.21     0.24     
  - Silver     (g/t)    22.75   22.15  20.62  22.38   24.25   23.39    29.08    
Production                                                                     
 Payable zinc  (tonnes) 6,540   6,421  7,364  6,311   7,194   13,505   16,380   
 Payable       (tonnes) 2,111   1,654  1,768  1,606   1,764   3,370    4,900    
 copper                                                                         
Payable gold  (ounces) 5,069   4,146  4,081  3,129   3,428   6,557    9,555    
 concentrate                                                                    
 Payable       ("000     369     279    284    263     316     579      962     
 silver        ounces)                                                          
Sales                                                                          
 Payable zinc  (tonnes) 7,245   6,649  6,812  6,209   7,429   13,638   17,106   
 Payable       (tonnes) 2,107   2,751  1,612  1,918   1,615   3,533    4,930    
 copper                                                                         
Payable gold  (ounces) 3,082   5,508  4,280  4,384   3,377   7,761    9,014    
 concentrate                                                                    
 Payable       ("000     478     444    355    292     253     545     1,005    
 silver        ounces)                                                          
(a) Production is expected to cease in February 2004, in accordance with       
 mine plan.Shipments are expected to cease in May 2004.                         
Pinto Valley,                                                                   
USA                                                                             
Production                                                                     
 Copper        ("000    2.7     2.5    2.6    2.5     2.4     4.9      5.5      
 cathode       tonnes)                                                          
 (SXEW)                                                                         
Sales                                                                          
 Copper        ("000    2.6     2.6    2.6    2.5     2.4     4.9      5.3      
 cathode       tonnes)                                                          
 (SXEW)                                                                         
PRODUCTION AND SHIPMENT                                                         
REPORT                                                                          
                         QUARTER ENDED                        HALF YEAR         
                                                          ENDED                 
DEC    MARCH   JUNE    SEPT   DEC      DEC     DEC     
                         2002   2003    2003    2003   2003     2003    2002    
CARBON STEEL                                                                    
MATERIALS                                                                       
BHP Billiton attributable production and                                        
sales unless otherwise stated.                                                  
("000 tonnes)                                                                   
IRON ORE (a)                                                                    
Pilbara,                                                                        
Australia                                                                       
 Production                                                                     
 Mt Newman               5,287  4,964   6,221   6,639  6,707    13,346  10,773  
Joint Venture                                                                  
 Goldsworthy Joint      1,808  1,497   1,497   1,633  1,477    3,110   3,699    
 Venture (b)                                                                    
 Area C Joint            -      -        19      341   1,048    1,389   -       
Venture (c)                                                                    
 Yandi Joint             8,187  7,452   8,353   8,679  9,005    17,684  15,983  
 Venture                                                                        
 Jimblebar               1,186  1,371   1,428   1,622  1,520    3,142   2,619   
Total (BHP              16,468 15,284  17,518  18,914 19,757   38,671  33,074  
 Billiton                                                                       
 share)                                                                         
 Total                   19,165 17,739  20,359  21,965 22,975   44,940  38,449  
production                                                                     
 (100%)                                                                         
 Shipments                                                                      
 Lump                    4,290  4,352   4,193   4,898  5,169    10,067  8,625   
Fines                   13,896 12,144  13,187  13,334 13,968   27,302  25,738  
 Total (BHP              18,186 16,496  17,380  18,232 19,137   37,369  34,363  
 Billiton                                                                       
 share)                                                                         
Total                   21,396 19,407  20,448  21,450 22,515   43,965  40,429  
 shipments                                                                      
 (100%)                                                                         
 (a) Iron ore production and shipments are reported on a wet tonnes             
basis.                                                                         
 (b) Includes bulk sample production from Area C prior to May 2003.             
 (c) Mining commenced in May 2003.                                              
Samarco, Brazil                                                                 
Production              1,979  1,953   1,902   2,008  1,971    3,979   4,001   
 Shipments               2,004  2,049   2,153   2,013  1,886    3,899   4,038   
METALLURGICAL                                                                   
COAL (a)                                                                        
Queensland,                                                                     
Australia                                                                       
 Production                                                                     
 BMA                                                                            
Blackwater              1,603  1,668   1,937   1,578  1,581    3,159   3,236   
 Goonyella                812   1,191   1,075    994    829     1,823   1,546   
 Peak Downs               757   1,009   1,076   1,004  1,004    2,008   1,546   
 Saraji                   629    599     666     747    655     1,402   1,056   
Norwich Park             451    610     527     524    582     1,106   1,024   
 Gregory Joint            780    761     488     744    744     1,488   1,276   
 Venture                                                                        
 BMA total               5,032  5,838   5,769   5,591  5,395    10,986  9,684   
BHP Mitsui                                                                     
 Coal (b)                                                                       
 Riverside                400    300    1,014    969    812     1,781   1,327   
 South Walker            1,072   900    1,019    957    779     1,736   2,008   
Creek                                                                          
 BHP Mitsui              1,472  1,200   2,033   1,926  1,591    3,517   3,335   
 Coal total                                                                     
 Queensland              6,504  7,038   7,802   7,517  6,986    14,503  13,019  
total                                                                          
 Shipments                                                                      
 Coking coal             4,034  4,707   4,395   4,838  5,258    10,096  8,199   
 Weak coking             1,503  1,569   1,525   1,617  1,649    3,266   3,242   
coal                                                                           
 Thermal coal             800    852     943     801    987     1,788   1,822   
 Total                   6,337  7,128   6,863   7,256  7,894    15,150  13,263  
 (a) Coal production is reported on the basis of saleable product.              
Production figures include some thermal coal.                                  
 (b) BHP Mitsui Coal production shown on 100% basis before 20% outside          
 equity interest.                                                               
Illawarra,                                                                      
Australia                                                                       
 Production              1,886  1,518   1,224   1,582  1,459    3,041   4,021   
 Shipments                                                                      
 Coking coal             1,900  1,611   1,571   1,513  1,293    2,806   3,415   
Thermal coal             95     242     179    91      47       138     229    
 Total                   1,995  1,853   1,750    1,604 1,340    2,944   3,644   
MANGANESE ORES                                                                  
South Africa                                                                    
Saleable                 560    534     574     600    651     1,251   1,141   
 production (a)                                                                 
 (a) Shown on 100% basis, BHP Billiton interest in saleable production          
 is 60%.                                                                        
Australia                                                                       
 Saleable                 499    356     484     553    548     1,101   1,013   
 production (a)                                                                 
 (a) Shown on 100% basis, BHP Billiton interest in saleable production          
is 60%.                                                                        
MANGANESE                                                                       
ALLOYS                                                                          
South Africa                                                                    
Saleable                 125    117     137     93     122      215     249    
 production (a)                                                                 
 (a) Shown on 100% basis, BHP Billiton interest in saleable production          
 is 60%.                                                                        
Australia