Source - RNS
RNS Number : 8902M
BHP Billiton PLC
18 October 2016
 

NEWS RELEASE

Release Time

IMMEDIATE

Date

19 October 2016

Release Number

24/16

 

BHP BILLITON OPERATIONAL REVIEW

FOR THE QUARTER ENDED 30 SEPTEMBER 2016

 

·      All production and unit cost guidance remains unchanged for the 2017 financial year, however guidance for Olympic Dam is under review following a state-wide power outage in South Australia.

·      Good progress continues on the Group's capital-efficient latent capacity options with the ramp-up of the Spence Recovery Optimisation project and additional capacity at Jimblebar during the period, and first production from the Los Colorados Extension project anticipated late in the 2017 financial year.

·      All four major projects under development are tracking to plan.

·      In Petroleum, positive drilling results were reported following the discovery of oil in multiple horizons at the Caicos exploration well in the Gulf of Mexico.

·      We continue to optimise our portfolio of high-quality assets with the announced sale of 50 per cent of our interest in the undeveloped Scarborough area gas fields and completion of the IndoMet Coal and Navajo Coal divestments. We also entered into an agreement with the New South Wales Government to cease progression of the Caroona Coal project.

Production

Sep Q16

vs Sep Q15

 

Petroleum (MMboe)

55

(15%)

Deferral of development activity in Onshore US for value.

Copper (kt)

355

(6%)

Expected lower grades at Escondida and reduced volumes at Olympic Dam.

Iron ore(1) (Mt)

58

0%

Ramp-up of additional capacity at Jimblebar offset lower volumes at Yandi in Western Australia Iron Ore.

Metallurgical coal(1) (Mt)

11

1%

Increased productivity across all Queensland Coal mines more than offset the cessation of production at Crinum.

Energy coal(1) (Mt)

7

(4%)

Strong performance at Cerrejón partially offset by unfavourable weather at New South Wales Energy Coal.

 

BHP Billiton Chief Executive Officer, Andrew Mackenzie, said: "Full year production and unit cost guidance remains unchanged. Safety and productivity continue to improve with our new operating model helping us identify and replicate best practice more quickly.

 

"We have seen early signs of markets rebalancing. Fundamentals suggest both oil and gas markets will improve over the next 12 to 18 months. Iron ore and metallurgical coal prices have been stronger than expected, although we continue to expect supply to grow more quickly than demand in the near term. Together, the combination of steadier markets, continued capital discipline, improved productivity and increased volumes in copper, iron ore and metallurgical coal should further support strong free cash flow generation this financial year."

 

Summary

Operational performance

 

Production for the September 2016 quarter and 2017 financial year guidance are summarised in the table below. Production guidance for the 2017 financial year remains unchanged despite lower volumes across several commodities in the September 2016 quarter as anticipated, however guidance for Olympic Dam is under review following a state-wide power outage in South Australia.

 

Production

 

 

Sep Q16

Sep Q16

vs

Sep Q15

Sep Q16

vs

Jun Q16

FY17

guidance

Petroleum (MMboe)

55

(15%)

(3%)

200 - 210

  Onshore US (MMboe)

21

(31%)

(11%)

77 - 83

  Conventional (MMboe)

34

(2%)

3%

123 - 127

Copper (Mt)

355

(6%)

(14%)

1.66

  Escondida (kt)

218

(6%)

(19%)

1,070

  Other copper(i) (kt)

137

(7%)

(6%)

590

Iron ore(ii) (Mt)

58

0%

4%

228 - 237

  WAIO (100% basis) (Mt)

67

(1%)

3%

265 - 275

Metallurgical coal(ii) (Mt)

11

1%

(9%)

44

Energy coal(ii) (Mt)

7

(4%)

9%

30

(i)  Other copper comprises Pampa Norte, Olympic Dam and Antamina.

(ii) Excludes production from Samarco, New Mexico assets and Haju (IndoMet Coal).

Major development projects

At the end of the September 2016 quarter, BHP Billiton had four major projects under development in Petroleum, Copper and Potash, with a combined budget of US$6.9 billion over the life of the projects. All projects remain on time and on budget.

Corporate update

On 29 August 2016, a panel of four geotechnical specialists (Panel) published its findings into the immediate causes of the failure of the Fundão tailings dam at the iron ore operations of Samarco Mineração S.A (Samarco) in Minas Gerais, Brazil, on 5 November 2015. Vale S.A. (Vale), BHP Billiton Brasil LTDA (BHP Billiton Brasil) and Samarco jointly commissioned Cleary Gottlieb Steen & Hamilton LLP (Cleary Gottlieb) to investigate the immediate cause of the failure. To assist with the investigation, Cleary Gottlieb retained the Panel to advise on the technical aspects of the failure and to conduct testing and analysis. A full overview of the Panel's findings, explanatory materials, detailed modeling, input data, a video and technical diagrams can be found at Fundaoinvestigation.com.

 

On 21 September 2016, BHP Billiton released its Economic contribution and payments to governments report which shows the Company's total economic contribution globally in the 2016 financial year was US$26.7 billion. This includes US$3.7 billion globally in taxes, royalties and other payments to governments. The Company's adjusted effective tax rate in the 2016 financial year was 35.8 per cent, demonstrating BHP Billiton pays its fair share of tax. When royalties are included, the rate is more than 58 per cent.

 

Petroleum

 

Production

 

 

Sep Q16

Sep Q16
vs
Sep Q15

Sep Q16
vs
Jun Q16

Crude oil, condensate and natural gas liquids (MMboe)

24.2

(21%)

(8%)

Natural gas (bcf)

182

(10%)

2%

Total petroleum production (MMboe)

54.5

(15%)

(3%)

 

Total petroleum production - Total petroleum production for the September 2016 quarter decreased by 15 per cent to 54.5 MMboe. Guidance for the 2017 financial year remains unchanged at between 200 and 210 MMboe, comprising Conventional volumes between 123 and 127 MMboe and Onshore US volumes between 77 and 83 MMboe.

 

Crude oil, condensate and natural gas liquids - Crude oil, condensate and natural gas liquids production for the September 2016 quarter declined by 21 per cent to 24.2 MMboe.

 

Onshore US liquids volumes decreased by 38 per cent to 8.3 MMboe as a result of the continued reduction in activity in the Black Hawk and natural field decline in the Hawkville, which more than offset increased liquids production from the Permian.

 

Conventional liquids volumes decreased by eight per cent to 16.0 MMboe as an additional infill well at Mad Dog and higher production at North West Shelf partially offset natural field decline across the portfolio and planned maintenance at Atlantis.

 

Natural gas - Natural gas production for the September 2016 quarter declined by 10 per cent to 182 bcf.

 

The decline primarily reflects lower Onshore US gas volumes as a result of the decision to defer development activity for longer-term value and the successful divestment of our gas business in Pakistan on 31 December 2015. This was partially offset by increased LNG volumes at North West Shelf and higher demand at Bass Strait.

 

On 5 September 2016, BHP Billiton announced the sale of 50 per cent of its interest in the undeveloped Scarborough area gas fields. Under the proposed transaction, ExxonMobil will remain operator of Scarborough and operatorship of North Scarborough will transfer from BHP Billiton to Woodside. Completion of the sale is expected by the end of the 2016 calendar year.

 

Projects

Project and ownership

Capital expenditure (US$m)

Initial production target date

Capacity

Progress

Bass Strait Longford Gas Conditioning Plant
(Australia)
50% (non-operator)

520

CY16

Designed to process approximately 400 MMcf/d of high-CO2 gas.

On schedule and budget. The overall project is 99% complete.

North West Shelf Greater Western Flank-B
(Australia)
16.67%
(non-operator)

314

CY19

To maintain LNG plant throughput from the North West Shelf operations.

On schedule and budget. The overall project is 16% complete.

 

Petroleum capital expenditure of approximately US$1.4 billion is planned in the 2017 financial year. This includes Conventional capital expenditure of US$0.8 billion which is focused on life extension projects at Bass Strait and North West Shelf. Onshore US capital expenditure is expected to be approximately US$0.6 billion with development activity tailored to market conditions.

 

Onshore US development activity

 

Onshore US drilling and development expenditure for the September 2016 quarter was US$108 million. Our operated rig count declined from four to two during the September 2016 quarter as we continued to improve drilling efficiency and defer development activity to maximise value. As a result of the successful execution of our hedging pilot in June 2016, we elected to move forward the development of our Haynesville gas assets and mobilised one rig in October 2016.

 

September 2016 quarter

 

Liquids focused areas

Gas focused areas

 

(September 2015 quarter)

 

Eagle Ford

Permian

Haynesville

Fayetteville

Total

Capital expenditure(i)

US$ billion

0.0 (0.3)

0.1 (0.1)

0.0 (0.0)

0.0 (0.0)

0.1 (0.5)

Rig allocation

At period end

1 (5)

1 (2)

0 (0)

0 (0)

2 (7)

Net wells drilled and completed(ii)

Period total

1 (44)

11 (7)

0 (4)

1 (6)

13 (61)

Net productive wells

At period end

928 (882)

116 (83)

395 (411)

1,044 (1,080)

2,483 (2,456)

(i)  Includes land acquisition, site preparation, drilling, completions, well site facilities, mid-stream infrastructure and pipelines.

(ii) Can vary between periods based on changes in rig activity and the inventory of wells drilled but not yet completed at period end.

Petroleum exploration

 

Exploration and appraisal wells drilled during the September 2016 quarter are summarised below.

 

Well

Location

Target

BHP Billiton equity

Spud date

Water depth

Total well depth

Status

LeClerc-1

Trinidad & Tobago Block 5

Oil

65%
(Operator)

21 May 2016

1,800 m

5,771 m

Hydrocarbons encountered; Plugged and abandoned

LeClerc-ST1

Trinidad & Tobago Block 5

Oil

100%
(Operator)

6 July 2016

1,800 m

6,973 m

Hydrocarbons encountered; Plugged and abandoned

Caicos-1

Gulf of Mexico

GC564

Oil

100%
(Operator)

21 June 2016

1,288 m

9,198 m

Hydrocarbons encountered; Plugged and abandoned

Burrokeet-1

Trinidad & Tobago Block 23a

Oil

70%
(Operator)

8 August 2016

1,923 m

3,337 m

Suspended, awaiting plugging and abandonment

Burrokeet-2

Trinidad & Tobago Block 23a

Oil

70%
(Operator)

18 August 2016

1,923 m

5,545 m(i)

Drilling ahead

(i)  Well depth as at 30 September 2016; drilling still in progress.

 

During the September 2016 quarter, BHP Billiton was the apparent high bidder on 12 blocks in the Gulf of Mexico Lease Sale 248 and also signed an agreement with Statoil to acquire an interest in two blocks (GC 436 and GC 480) in the Gulf of Mexico. Regulatory approval was granted during the September 2016 quarter for the Lease Exchange Agreement with Chevron for 61 blocks and the Sale and Purchase Agreement with ConocoPhillips for 26 blocks executed during the June 2016 quarter. In Australia, the WA 475-P permit was cancelled per the Offshore Petroleum and Greenhouse Gas Storage Act 2006 and BHP Billiton entered into a Good Standing Agreement with the Joint Authority(2). In South Africa, blocks 3B/4B expired.

 

The Group announced positive drilling results at the Caicos exploration well in the Gulf of Mexico, with oil encountered in multiple horizons. The next step will be drilling the Wildling well in November 2016 to further appraise the area.

 

Petroleum exploration expenditure for the September 2016 quarter was US$231 million, of which US$55 million was expensed. A US$700 million exploration program is planned for the 2017 financial year, largely focused on drilling activities in the Gulf of Mexico and Trinidad and Tobago.

 

Copper

 

Production

Sep Q16

Sep Q16
vs
Sep Q15

Sep Q16
vs
Jun Q16

Copper (kt)

355

(6%)

 (14%)

Zinc (t)

15,367

(25%)

137%

Uranium oxide concentrate (t)

916

(22%)

5%

 

Copper - Total copper production for the September 2016 quarter decreased by six per cent to 355 kt. Guidance for the 2017 financial year remains unchanged at 1.66 Mt, subject to the review of Olympic Dam copper production guidance noted below.

 

Escondida copper production for the September 2016 quarter decreased by six per cent to 218 kt reflecting lower grade, as expected. Copper production decreased by 19 per cent from the June 2016 quarter and reflected lower grade, water availability and planned maintenance during the period. Production guidance for Escondida remains unchanged at approximately 1,070 kt, with volumes weighted to the second half of the 2017 financial year. The commissioning of the Escondida Water Supply project and the ramp-up of the Los Colorados Extension project late in the 2017 financial year, will enable full utilisation of three concentrators during the 2018 financial year.

 

Pampa Norte copper production for the September 2016 quarter increased by nine per cent to 62 kt supported by improved recoveries at Cerro Colorado. The ramp-up of the Spence Recovery Optimisation (SRO) project is progressing to plan and is expected to support an annualised production run rate of 200 ktpa late in the December 2016 quarter following planned maintenance being brought forward from February 2017. On 27 August 2016, processing at the Cerro Colorado Ore Handling Plant 2 was suspended following the failure of a transfer chute which is expected to take approximately two months to repair, further reducing production in the December 2016 quarter. Despite this, Pampa Norte copper production guidance for the 2017 financial year remains unchanged and is expected to be higher than the prior year supported by the completion of the SRO project and a strong second half.

 

Olympic Dam copper production for the September 2016 quarter decreased by 26 per cent to 41 kt, following planned maintenance and a state-wide power outage which commenced on 28 September 2016. The power outage and resultant shutdown at Olympic Dam demonstrates the necessity for secure and stable electricity supply in South Australia and across Australia. Power has safely been restored at Olympic Dam and operations are in the process of recommencing and expected to be fully ramped-up in the December 2016 quarter. Guidance for the 2017 financial year of approximately 200 kt is under review following the power outage.

 

Antamina copper production for the September 2016 quarter was broadly flat at 34 kt. Guidance for the 2017 financial year remains unchanged at 130 kt, as mining progresses through a zinc rich ore zone consistent with the mine plan. Zinc production is expected to increase from 55 kt to approximately 90 kt in the 2017 financial year.

 

Projects

Project and ownership

Capital expenditure (US$m)

Initial production target date

Capacity

Progress

Escondida Water Supply
(Chile)
57.5%

3,430

CY17

New desalination facility to ensure continued water supply to Escondida.

On schedule and budget. The overall project is 96% complete.

 

Iron Ore

 

Production

 

 

Sep Q16

Sep Q16
vs
Sep Q15

Sep Q16
vs
Jun Q16

Iron ore(i) (kt)

57,587

0%

4%

(i)  Represents Western Australia Iron Ore (WAIO). Excludes production from Samarco.

 

Iron ore - Total iron ore production for the September 2016 quarter was unchanged at 58 Mt on a BHP Billiton share basis, or 67 Mt on a 100 per cent basis. Guidance for the 2017 financial year remains unchanged at between 228 and 237 Mt on a BHP Billiton share basis, or between 265 and 275 Mt on a 100 per cent basis, with volumes weighted to the last three quarters of the year.

 

WAIO production for the September 2016 quarter was flat as the ramp-up of additional capacity at Jimblebar offset lower volumes at Yandi. The 24 month rail renewal and maintenance program, which will support the integrated supply chain's long-term reliability, is progressing on schedule. Completion of rail renewal works near Newman underpinned a four per cent increase in volumes from the June 2016 quarter.

 

The installation of the new primary crusher and additional conveying capacity at Jimblebar is expected to be completed in the December 2016 quarter, with all associated spend included within WAIO's long-term average annual sustaining capital expenditure of approximately US$4 per tonne.

 

Mining and processing operations at Samarco remain suspended following the failure of the Fundão tailings dam and Santarém water dam on 5 November 2015. During the September 2016 quarter 12 kt of pellet feed was sold, with additional sales expected in the December 2016 quarter.

 

Coal

 

Production

Sep Q16

Sep Q16
vs
Sep Q15

Sep Q16
vs
Jun Q16

Metallurgical coal(i) (kt)

10,529

1%

(9%)

Energy coal(ii) (kt)

6,880

(4%)

9%

(i)  Represents Queensland Coal. Excludes production from Haju following the IndoMet Coal divestment (2017 financial year: 102 kt).

(ii) Excludes production from New Mexico assets following completion of the divestments (2017 financial year: 451 kt).

 

Metallurgical coal - Metallurgical coal production for the September 2016 quarter increased by one per cent to 11 Mt. Guidance for the 2017 financial year remains unchanged at 44 Mt.

 

Queensland Coal production was broadly unchanged for the September 2016 quarter. Increased wash-plant and truck utilisation across all mines offset the completion of longwall mining at Crinum in the December 2015 quarter, adverse weather conditions, the planned longwall move at Broadmeadow and wash-plant shutdown at Saraji, and lower yield at South Walker Creek.

 

On 14 October 2016, the sale of the Group's 75 per cent interest in IndoMet Coal to its equity partner PT Alam Tri Abadi (Adaro) was completed.

 

Energy coal - Energy coal production for the September 2016 quarter decreased by four per cent to 7 Mt. Guidance for the 2017 financial year remains unchanged at 30 Mt.

 

New South Wales Energy Coal production declined by 15 per cent due to the impact of heavy rainfall and rescheduling of the mine plan based on individual pit economics. This partially offset a 16 per cent increase in volumes at Cerrejón compared to the September 2015 quarter which was constrained by drought conditions.

 

Subsequent to the completion of the divestment of Navajo Coal to Navajo Transitional Energy Company on 29 July 2016, no further production will be reported by BHP Billiton. BHP Billiton will continue to manage Navajo Coal in accordance with the Mine Management Agreement until 31 December 2016.

 

Following the Group's agreement with the New South Wales Government in August 2016 to cancel the exploration licence and cease progression of the Caroona Coal project, proceeds of A$220 million have been received. 

 

Other

 

Nickel production

 

 

Sep Q16

Sep Q16
vs
Sep Q15

Sep Q16
vs
Jun Q16

Nickel (kt)

18.8

(15%)

(20%)

 

Nickel - Nickel West production for the September 2016 quarter decreased to 19 kt of nickel as in-process nickel matte stocks were replenished within the integrated production chain. Nickel production is still expected to increase by approximately 10 per cent in the 2017 financial year, with higher grade ore at Mt Keith and a ramp-up in mining at Leinster supporting higher utilisation rates at the Kalgoorlie smelter and Kwinana refinery.

 

Potash project

Project and ownership

Investment (US$m)

Scope

Progress

Jansen Potash

(Canada)

100%

2,600

Investment to finish the excavation and lining of the production and service shafts, and to continue the installation of essential surface infrastructure and utilities.

The project is 63% complete and within the approved budget. Shaft excavation is progressing.

 

Minerals exploration

 

Minerals exploration expenditure for the September 2016 quarter was US$34 million, of which US$34 million was expensed. Greenfield minerals exploration is predominantly focused on advancing copper targets within Chile, Peru, Canada, South-West United States and the Stuart Shelf in Australia.

 

Variance analysis relates to the relative performance of BHP Billiton and/or its operations during the September 2016 quarter compared with the September 2015 quarter, unless otherwise noted. Production volumes, sales volumes and capital and exploration expenditure from subsidiaries are reported on a 100 per cent basis; production and sales volumes from equity accounted investments and other operations are reported on a proportionate consolidation basis.

 

The following footnotes apply to this Operational Review:

(1)    Excludes production from Samarco, Haju (IndoMet Coal) and New Mexico Coal assets.

(2)    In lieu of the drilling commitment for WA-475-P, consistent with Good Standing Agreement guidelines, we have committed to contributing A$10.47 million towards either a regional study, re-released acreage or sole-bid prime acreage.

 

The following abbreviations may have been used throughout this report: barrels (bbl); billion cubic feet (bcf); cost and freight (CFR); cost, insurance and freight (CIF); dry metric tonne unit (dmtu); free on board (FOB); grams per tonne (g/t); kilograms per tonne (kg/t); kilometre (km); metre (m); million barrels of oil equivalent (MMboe); million cubic feet per day (MMcf/d); million tonnes (Mt); million tonnes per annum (Mtpa); ounces (oz); pounds (lb); thousand barrels of oil equivalent (Mboe); thousand ounces (koz); thousand standard cubic feet (Mscf); thousand tonnes (kt); thousand tonnes per annum (ktpa); thousand tonnes per day (ktpd); tonnes (t); and wet metric tonnes (wmt).

 

Further information on BHP Billiton can be found at: bhpbilliton.com.

 

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PRODUCTION SUMMARY

 

 

 

 

 

QUARTER ENDED

YEAR TO DATE

 

 

 

 

BHP Billiton

SEP

DEC

MAR

JUN

SEP

SEP

SEP

 

 

 

 

interest

2015

2015

2016

2016

2016

2016

2015

 

Petroleum (1)

Petroleum

 

 

 

 

 

 

 

 

 

Crude oil, condensate and NGL (Mboe)

 

 

 

 

 

 

 

 

 

 

Onshore US

 

 13,453

 12,805

 12,454

 9,469

 8,288

 8,288

13,453

 

 

Conventional

 

 17,259

 16,976

 16,727

 16,896

15,959

 15,959

17,259

 

 

Total

 

 30,712

 29,781

 29,181

 26,365

24,247

 24,247

30,712

 

 

 

 

 

 

 

 

 

 

 

 

Natural gas (bcf)

 

 

 

 

 

 

 

 

 

 

Onshore US

 

 98.2

 94.4

 89.9

 82.0

 73.9

 73.9

 98.2

 

 

Conventional

 

 104.6

 88.4

 91.5

 95.7

107.8

 107.8

 104.6

 

 

Total

 

 202.8

 182.8

 181.4

 177.7

181.7

 181.7

 202.8

 

 

 

 

 

 

 

 

 

 

 

 

Total petroleum production (MMboe)

 

 64.5

 60.2

 59.4

 56.0

 54.5

 54.5

 64.5

 

 

Copper (2)

 

 

 

 

 

 

 

 

 

Copper

 

 

 

 

 

 

 

 

 

Payable metal in concentrate (kt)

 

 

 

 

 

 

 

 

 

Escondida (3)

57.5%

 159.6

 131.7

 174.9

 182.7

147.0

 147.0

 159.6

 

 

Antamina

33.8%

 35.1

 37.2

 35.4

 38.7

 34.1

 34.1

 35.1

 

 

Total

 

 194.7

 168.9

 210.3

 221.4

181.1

 181.1

 194.7

 

 

 

 

 

 

 

 

 

 

 

Cathode (kt)

 

 

 

 

 

 

 

 

 

 

Escondida (3)

57.5%

 70.9

 89.3

 84.8

 85.3

 70.5

 70.5

 70.9

 

 

Pampa Norte (4)

100%

 56.8

 69.0

 59.8

 65.8

 62.1

 62.1

 56.8

 

 

Olympic Dam

100%

 54.9

 57.4

 49.8

 40.7

 40.9

 40.9

 54.9

 

 

Total

 

 182.6

 215.7

 194.4

 191.8

173.5

 173.5

 182.6

 

 

 

 

 

 

 

 

 

 

 

 

Total Copper

 

 377.3

 384.6

 404.7

 413.2

354.6

 354.6

 377.3

 

 

Lead

 

 

 

 

 

 

 

 

 

Payable metal in concentrate (t)

 

 

 

 

 

 

 

 

 

Antamina

33.8%

 857

 1,024

 1,193

 645

1,146

 1,146

 857

 

 

Total

    

 857

 1,024

 1,193

 645

1,146

 1,146

 857

 

 

Zinc

 

 

 

 

 

 

 

 

 

Payable metal in concentrate (t)

 

 

 

 

 

 

 

 

 

Antamina

33.8%

 20,597

16,454

 11,913

 6,474

15,367

 15,367

20,597

 

 

Total

 

 20,597

16,454

 11,913

 6,474

15,367

 15,367

20,597

 

 

Gold

 

 

 

 

 

 

 

 

 

 

Payable metal in concentrate (troy oz)

 

 

 

 

 

 

 

 

 

Escondida (3)

57.5%

 23,805

 17,889

 31,408

 35,894

27,561

 27,561

23,805

 

 

Olympic Dam (refined gold)

100%

 29,349

 39,299

 29,028

 20,010

24,366

 24,366

29,349

 

 

Total

 

 53,154

 57,188

 60,436

 55,904

51,927

 51,927

53,154

 

 

Silver

 

 

 

 

 

 

 

 

 

Payable metal in concentrate (troy koz)

 

 

 

 

 

 

 

 

Escondida (3)

57.5%

 1,181

 962

 1,544

 1,874

 1,229

 1,229

 1,181

 

 

Antamina

33.8%

 1,766

 1,636

 1,751

 1,558

 1,345

 1,345

 1,766

 

 

Olympic Dam (refined silver)

100%

 246

 265

 174

 232

 163

 163

 246

 

 

Total

 

 3,193

 2,863

 3,469

 3,664

 2,736

 2,736

 3,193

 

 

Uranium

 

 

 

 

 

 

 

 

Payable metal in concentrate (t)

 

 

 

 

 

 

 

 

 

Olympic Dam

100%

 1,174

 1,352

 961

 876

 916

 916

 1,174

 

 

Total

 

 1,174

 1,352

 961

 876

 916

 916

 1,174

 

 

Molybdenum

 

 

 

 

 

 

 

 

 

Payable metal in concentrate (t)

 

 

 

 

 

 

 

 

 

Antamina

33.8%

 92

 232

 227

 562

 561

 561

 92

 

 

Total

 

 92

 232

 227

 562

 561

 561

 92

 

 

 

 

 

Iron Ore

Iron Ore

 

Production (kt) (5)

 

 

 

 

 

 

 

 

 

 

Newman

85%

 

18,006

 

17,003

 

15,817

 

15,115

   18,008

 

18,008

   18,006

 

 

Area C Joint Venture

85%

 

12,163

 

11,723

 

11,002

 

11,911

   12,384

 

12,384

   12,163

 

 

Yandi Joint Venture

85%

 

16,886

 

15,960

 

16,204

 

18,325

  15,729

 

15,729

   16,886

 

 

Jimblebar (6)

85%

 3,262

 4,852

 5,472

 5,304

 6,057

 6,057

 3,262

 

 

Wheelarra

85%

 7,259

 5,757

 4,562

 4,971

 5,409

 5,409

 7,259

 

 

Samarco

50%

 3,739

 1,665

 -

 -

 -

 -

 3,739

 

 

Total

 

 61,315

56,960

 53,057

 55,626

57,587

 57,587

61,315

 

 

Coal

 

 

Metallurgical coal

 

 

 

 

 

 

 

 

Production (kt) (7)

 

 

 

 

 

 

 

 

 

BMA

50%

 8,087

 8,207

 7,894

 9,225

 8,384

 8,384

 8,087

 

 

BHP Billiton Mitsui Coal (8)

 

80%

 

2,347

 

 2,191

 

2,015

 

2,345

 

2,145

 

2,145

 

2,347

 

 

Haju (9)

75%

 15

 87

 167

 260

 102

 102

 15

 

 

Total

 

 10,449

 10,485

 10,076

 11,830

10,631

 10,631

10,449

 

 

Energy Coal

 

 

 

 

 

 

 

 

 

Production (kt)

 

 

 

 

 

 

 

 

 

 

USA

100%

 2,676

 2,632

 1,112

 632

 451

 451

 2,676

 

 

Australia

100%

 4,644

 4,277

 4,189

 3,991

 3,952

 3,952

 4,644

 

 

Colombia

33.3%

 2,527

 2,628

 2,610

 2,329

 2,928

 2,928

 2,527

 

 

Total

 

 9,847

 9,537

 7,911

 6,952

 7,331

 7,331

 9,847

 

 

Other

Nickel

 

 

 

 

 

 

Saleable production (kt)

 

 

 

 

 

 

 

 

 

Nickel West

100%

 22.1

 15.2

 20.0

 23.4

 18.8

 18.8

 22.1

 

 

Total

 

 22.1

 15.2

 20.0

 23.4

 18.8

 18.8

 22.1

 

                           

 

(1) LPG and ethane are reported as natural gas liquids (NGL). Product-specific conversions are made and NGL is reported in barrels of oil equivalent (boe). Total boe conversions are based on 6 bcf of natural gas equals 1 MMboe.

(2) Metal production is reported on the basis of payable metal.

(3) Shown on a 100% basis. BHP Billiton interest in saleable production is 57.5%.

(4) Includes Cerro Colorado and Spence.

(5) Iron ore production is reported on a wet tonnes basis.

(6) Shown on a 100% basis. BHP Billiton interest in saleable production is 85%.

(7) Metallurgical coal production is reported on the basis of saleable product. Production figures include some thermal coal.

(8) Shown on 100% basis. BHP Billiton interest in saleable production is 80%.

(9) Shown on 100% basis. BHP Billiton interest in saleable production is 75%.

PRODUCTION AND SALES REPORT

 

 

 

 

 

 

 

 

 

 

 

QUARTER ENDED

YEAR TO DATE

 

 

 

 

SEP

DEC

MAR

JUN

SEP

SEP

SEP

 

 

 

 

2015

2015

2016

2016

2016

2016

2015

Petroleum (1)

 

 

 

 

 

 

 

 

 

Bass Strait

 

 

 

 

 

 

 

Crude oil and condensate

(Mboe)

 1,877

 1,390

 1,813

 1,745

 1,922

 1,922

 1,877

 

NGL

(Mboe)

 2,091

 1,307

 1,455

 1,831

 2,102

 2,102

 2,091

 

Natural gas

(bcf)

 38.7

 23.9

 30.3

 38.1

 41.9

 41.9

 38.7

 

Total petroleum products

(MMboe)

 10.4

 6.7

 8.3

 9.9

 11.0

 11.0

 10.4

 

 

 

 

 

 

 

 

 

 

North West Shelf

 

 

 

 

 

 

 

 

 

Crude oil and condensate

(Mboe)

 1,362

 1,423

 1,124

 925

 1,486

 1,486

 1,362

 

NGL

(Mboe)

 227

 235

 259

 241

 292

 292

 227

 

Natural gas

(bcf)

 33.9

 34.9

 33.8

 27.6

 38.7

 38.7

 33.9

 

Total petroleum products

(MMboe)

 7.2

 7.5

 7.0

 5.8

 8.2

 8.2

 7.2

 

 

 

 

 

 

 

 

 

 

Pyrenees

 

 

 

 

 

 

 

 

 

Crude oil and condensate

(Mboe)

 2,096

 2,331

 2,093

 2,097

 1,676

 1,676

 2,096

 

Total petroleum products

(MMboe)

 2.1

 2.3

 2.1

 2.1

 1.7

 1.7

 2.1

 

 

 

 

 

 

 

 

 

 

Other Australia (2)

 

 

 

 

 

 

 

 

 

Crude oil and condensate

(Mboe)

 13

 9

 8

 9

 10

 10

 13

 

Natural gas

(bcf)

 16.6

 14.4

 16.2

 17.2

 17.5

 17.5

 16.6

 

Total petroleum products

(MMboe)

 2.8

 2.4

 2.7

 2.9

 2.9

 2.9

 2.8

 

 

 

 

 

 

 

 

 

 

Atlantis (3)

 

 

 

 

 

 

 

 

 

Crude oil and condensate

(Mboe)

 3,637

 4,257

 4,056

 4,058

 3,054

 3,054

 3,637

 

NGL

(Mboe)

 231

 278

 270

 269

 208

 208

 231

 

Natural gas

(bcf)

 1.6

 2.0

 1.9

 1.9

 1.5

 1.5

 1.6

 

Total petroleum products

(MMboe)

 4.1

 4.9

 4.6

 4.6

 3.5

 3.5

 4.1

 

 

 

 

 

 

 

 

 

 

Mad Dog (3)

 

 

 

 

 

 

 

 

 

Crude oil and condensate

(Mboe)

 588

 648

 880

 1,134

 950

 950

 588

 

NGL

(Mboe)

 23

 41

 41

 52

 36

 36

 23

 

Natural gas

(bcf)

 0.1

 0.1

 0.1

 0.2

 0.1

 0.1

 0.1

 

Total petroleum products

(MMboe)

 0.6

 0.7

 0.9

 1.2

 1.0

 1.0

 0.6

 

 

 

 

 

 

 

 

 

 

Shenzi (3)

 

 

 

 

 

 

 

 

 

Crude oil and condensate

(Mboe)

 3,277

 3,185

 3,094

 2,813

 2,632

 2,632

 3,277

 

NGL

(Mboe)

 236

 269

 206

 192

 94

 94

 236

 

Natural gas

(bcf)

 0.7

 0.8

 0.6

 0.6

 0.5

 0.5

 0.7

 

Total petroleum products

(MMboe)

 3.6

 3.6

 3.4

 3.1

 2.8

 2.8

 3.6

 

 

 

 

 

 

 

 

 

 

Eagle Ford (4)

 

 

 

 

 

 

 

 

 

Crude oil and condensate

(Mboe)

 7,700

 7,156

 7,018

 4,949

 3,871

 3,871

 7,700

 

NGL

(Mboe)

 3,799

 3,806

 3,649

 2,717

 2,268

 2,268

 3,799

 

Natural gas

(bcf)

 25.8

 25.4

 25.1

 19.5

 16.5

 16.5

 25.8

 

Total petroleum products

(MMboe)

 15.8

 15.2

 14.9

 10.9

 8.9

 8.9

 15.8

 

 

 

 

 

 

 

 

 

 

Permian (4)

 

 

 

 

 

 

 

 

 

Crude oil and condensate

(Mboe)

 1,481

 1,354

 1,499

 1,410

 1,415

 1,415

 1,481

 

NGL

(Mboe)

 473

 488

 288

 393

 734

 734

 473

 

Natural gas

(bcf)

 3.9

 3.4

 2.4

 4.9

 4.4

 4.4

 3.9

 

Total petroleum products

(MMboe)

 2.6

 2.4

 2.2

 2.6

 2.9

 2.9

 2.6

 

 

 

 

 

 

 

 

 

 

Haynesville (4)

 

 

 

 

 

 

 

 

 

Crude oil and condensate

(Mboe)

 -

 1

 -

 -

 -

 -

 -

 

Natural gas

(bcf)

 36.4

 34.7

 34.4

 31.1

 28.2

 28.2

 36.4

 

Total petroleum products

(MMboe)

 6.1

 5.8

 5.7

 5.2

 4.7

 4.7

 6.1

 

 

 

 

 

 

 

 

 

 

Fayetteville (4)

 

 

 

 

 

 

 

 

 

Natural gas

(bcf)

 32.1

 30.9

 28.0

 26.5

 24.8

 24.8

 32.1

 

Total petroleum products

(MMboe)

 5.4

 5.2

 4.7

 4.4

 4.1

 4.1

 5.4

 

 

 

 

 

 

 

 

 

 

Trinidad/Tobago

 

 

 

 

 

 

 

 

 

Crude oil and condensate

(Mboe)

 242

 185

 120

 162

 140

 140

 242

 

Natural gas

(bcf)

 7.6

 7.4

 7.4

 8.6

 6.4

 6.4

 7.6

 

Total petroleum products

(MMboe)

 1.5

 1.4

 1.4

 1.6

 1.2

 1.2

 1.5

 

 

 

 

 

 

 

 

 

 

Other Americas (3) (5)

 

 

 

 

 

 

 

 

 

Crude oil and condensate

(Mboe)

 361

 360

 334

 308

 275

 275

 361

 

NGL

(Mboe)

 12

 16

 12

 10

 1

 1

 12

 

Natural gas

(bcf)

 0.2

 0.2

 0.2

 0.2

 0.1

 0.1

 0.2

 

Total petroleum products

(MMboe)

 0.4

 0.4

 0.4

 0.4

 0.3

 0.3

 0.4

 

 

 

 

 

 

 

 

 

 

UK

 

 

 

 

 

 

 

 

 

Crude oil and condensate

(Mboe)

 59

 74

 65

 76

 69

 69

 59

 

NGL

(Mboe)

 (4)

 27

 10

 10

 22

 22

 (4)

 

Natural gas

(bcf)

 1.0

 1.0

 1.0

 1.3

 1.1

 1.1

 1.0

 

Total petroleum products

(MMboe)

 0.2

 0.3

 0.2

 0.3

 0.3

 0.3

 0.2

 

 

 

 

 

 

 

 

 

 

Algeria

 

 

 

 

 

 

 

 

 

Crude oil and condensate

(Mboe)

 916

 922

 887

 964

 990

 990

 916

 

Total petroleum products

(MMboe)

 0.9

 0.9

 0.9

 1.0

 1.0

 1.0

 0.9

 

 

 

 

 

 

 

 

 

 

Pakistan (6)

 

 

 

 

 

 

 

 

 

Crude oil and condensate

(Mboe)

 23

 19

 -

 -

 -

 -

 23

 

Natural gas

(bcf)

 4.2

 3.7

 -

 -

 -

 -

 4.2

 

Total petroleum products

(MMboe)

 0.7

 0.6

 -

 -

 -

 -

 0.7

 

 

 

 

 

 

 

 

 

 

Total petroleum products

 

 

 

 

 

 

 

 

 

Crude oil and condensate

 

 

 

 

 

 

 

 

 

Onshore US

(Mboe)

 9,181

 8,511

 8,517

 6,359

 5,286

 5,286

 9,181

 

Conventional (7)

(Mboe)

 14,443

 14,803

 14,474

 14,291

 13,204

 13,204

 14,443

 

Total

(Mboe)

 23,624

 23,314

 22,991

 20,650

 18,490

 18,490

 23,624

 

 

 

 

 

 

 

 

 

 

 

NGL

 

 

 

 

 

 

 

 

 

Onshore US

(Mboe)

 4,272

 4,294

 3,937

 3,110

 3,002

 3,002

 4,272

 

Conventional

(Mboe)

 2,816

 2,173

 2,253

 2,605

 2,755

 2,755

 2,816

 

Total

(Mboe)

 7,088

 6,467

 6,190

 5,715

 5,757

 5,757

 7,088

 

 

 

 

 

 

 

 

 

 

 

Natural Gas

 

 

 

 

 

 

 

 

 

Onshore US

(bcf)

 98.2

 94.4

 89.9

 82.0

 73.9

 73.9

 98.2

 

Conventional

(bcf)

 104.6

 88.4

 91.5

 95.7

 107.8

 107.8

 104.6

 

Total

(bcf)

 202.8

 182.8

 181.4

 177.7

 181.7

 181.7

 202.8

 

 

 

 

 

 

 

 

 

 

 

(1) Total boe conversions are based on 6 bcf of natural gas equals 1 MMboe. Negative production figures represent finalisation adjustments.

(2) Other Australia includes Minerva and Macedon.

(3) Gulf of Mexico volumes are net of royalties.

(4) Onshore US volumes are net of mineral holder royalties.

(5) Other Americas includes Neptune, Genesis and Overriding Royalty Interest.

(6) BHP Billiton completed the sale of the Pakistan gas business on 31 December 2015.

(7) September 2015 includes (8) Mboe for the finalisation adjustment following the cessation of production at Stybarrow on 26 June 2015.

 

Copper

 

 

 

 

 

 

 

 

Metals production is payable metal unless otherwise stated.

 

Escondida, Chile (1)

 

 

 

 

 

 

 

 

 

Material mined

(kt)

 110,067

 109,200

 105,970

 108,037

 106,504

 106,504

 110,067

 

Sulphide ore milled

(kt)

 22,820

 18,076

 21,188

 22,905

 20,787

 20,787

 22,820

 

Average copper grade

(%)

1.00%

0.99%

0.99%

0.94%

0.87%

0.87%

1.00%

 

Production ex mill

(kt)

 169.7

 142.8

 175.8

 181.7

 153.2

 153.2

 169.7

 

 

Production

 

  

  

  

  

  

 

 

 

Payable copper

(kt)

 159.6

 131.7

 174.9

 182.7

 147.0

 147.0

 159.6

 

Copper cathode (EW)

(kt)

 70.9

 89.3

 84.8

 85.3

 70.5

 70.5

 70.9

 

Payable gold concentrate

(troy oz)

 

23,805

 

17,889

 

31,408

 

35,894

 

 27,561

 

27,561

 

23,805

 

Payable silver concentrate

(troy koz)

 

1,181

 

962

 

1,544

 

 1,874

 

 1,229

 

1,229

 

1,181

 

 

Sales

 

 

 

 

 

 

 

 

 

Payable copper

(kt)

 157.6

 123.8

 181.7

 186.6

 134.9

 134.9

 157.6

 

Copper cathode (EW)

(kt)

 63.8

 101.1

 80.3

 83.8

 65.6

 65.6

 63.8

 

Payable gold concentrate

(troy oz)

 

23,805

 

 17,889

 

31,408

 

35,894

 

27,561

 

27,561

 

23,805

 

Payable silver concentrate

(troy koz)

 

1,181

 

962

 

1,544

 

1,874

 

 1,229

 

 1,229

 

 1,181

 

 

 

(1) Shown on a 100% basis. BHP Billiton interest in saleable production is 57.5%.

 

Pampa Norte, Chile

 

 

 

 

 

 

 

 

 

Cerro Colorado

 

 

 

 

 

 

 

 

 

Material mined

(kt)

 13,870

 14,930

 12,415

 12,453

 13,011

 13,011

 13,870

 

Ore milled

(kt)

 4,703

 4,856

 4,012

 4,375

 3,241

 3,241

 4,703

 

Average copper grade

(%)

0.64%

0.82%

0.84%

0.80%

0.68%

0.68%

0.64%

 

 

Production

 

 

 

 

 

 

 

 

 

Copper cathode (EW)

(kt)

 13.7

 18.8

 20.0

 24.8

 17.1

 17.1

 13.7

 

 

Sales

 

 

 

 

 

 

 

 

 

Copper cathode (EW)

(kt)

 13.0

 19.7

 18.6

 25.2

 16.4

 16.4

 13.0

 

 

Spence

 

 

 

 

 

 

 

 

 

Material mined

(kt)

 22,922

 21,593

 22,549

 21,124

 23,638

 23,638

 22,922

 

Ore milled

(kt)

 4,919

 5,146

 4,355

 4,836

 4,713

 4,713

 4,919

 

Average copper grade

(%)

1.41%

1.30%

1.39%

1.22%

1.17%

1.17%

1.41%

 

 

Production

 

 

 

 

 

 

 

 

 

Copper cathode (EW)

(kt)

 43.1

 50.2

 39.8

 41.0

 45.0

 45.0

 43.1

 

 

Sales

 

 

 

 

 

 

 

 

 

Copper cathode (EW)

(kt)

 38.2

 56.1

 38.4

 40.9

 41.2

 41.2

 38.2

 

Antamina, Peru

 

 

 

 

 

 

 

 

 

Material mined (100%)

(kt)

 

56,793

 

52,130

 

55,183

 

62,793

 

65,111

 

65,111

 

56,793

 

Sulphide ore milled (100%)

(kt)

 

14,300

 

14,184

 

12,414

 

14,711

 

13,522

 

13,522

 

14,300

 

Average head grades

 

 

 

 

 

 

 

 

 

 - Copper

(%)

0.88%

0.92%

1.02%

0.90%

0.84%

0.84%

0.88%

 

 - Zinc

(%)

0.79%

0.55%

0.54%

0.33%

0.60%

0.60%

0.79%

 

 

Production

 

 

 

 

 

 

 

 

 

Payable copper

(kt)

 35.1

 37.2

 35.4

 38.7

 34.1

 34.1

 35.1

 

Payable zinc

(t)

 20,597

 16,454

 11,913

 6,474

 15,367

 15,367

 20,597

 

Payable silver

(troy koz)

 1,766

 1,636

 1,751

 1,558

 1,345

 1,345

 1,766

 

Payable lead

(t)

 857

 1,024

 1,193

 645

 1,146

 1,146

 857

 

Payable molybdenum

(t)

 92

 232

 227

 562

 561

 561

 92

 

 

Sales

 

 

 

 

 

 

 

 

 

Payable copper

(kt)

 30.8

 42.9

 29.3

 42.4

 32.8

 32.8

 30.8

 

Payable zinc

(t)

 18,747

 20,423

 12,097

 3,035

 16,043

 16,043

 18,747

 

Payable silver

(troy koz)

 1,522

 2,048

 1,331

 2,055

 1,277

 1,277

 1,522

 

Payable lead

(t)

 266

 1,056

 1,073

 1,108

 767

 767

 266

 

Payable molybdenum

(t)

 156

 138

 178

 331

 648

 648

 156

 

Olympic Dam, Australia

 

 

 

 

 

 

 

 

 

Material mined (1)

(kt)

 2,357

 2,372

 2,210

 1,993

 2,204

 2,204

 2,357

 

Ore milled

(kt)

 2,727

 2,767

 2,174

 2,031

 2,279

 2,279

 2,727

 

Average copper grade

(%)

1.64%

2.22%

2.01%

2.20%

1.97%

1.97%

1.64%

 

Average uranium grade

(kg/t)

 

0.60

 

 0.62

 

 0.61

 

0.59

 

0.60

 

0.60

 

0.60

 

 

Production

 

 

 

 

 

 

 

 

 

Copper cathode (ER and EW)

(kt)

 

54.9

 

57.4

 

49.8

 

40.7

 

40.9

 

 40.9

 

54.9

 

Uranium oxide concentrate

(t)

 

1,174

 

1,352

 

 961

 

 876

 

 916

 

 916

 

1,174

 

Refined gold

(troy oz)

 29,349

 39,299

 29,028

 20,010

 24,366

 24,366

 29,349

 

Refined silver

(troy koz)

 246

 265

 174

 232

 163

 163

 246

 

 

Sales

 

 

 

 

 

 

 

 

 

Copper cathode (ER and EW)

(kt)

 

 52.5

 

57.3

 

49.4

 

43.9

 

37.5

 

37.5

 

52.5

 

Uranium oxide concentrate

(t)

 

 677

 

1,013

 

1,261

 

 778

 

1,085

 

1,085

 

 677

 

Refined gold

(troy oz)

 25,598

 39,168

 32,052

 22,134

 21,901

 21,901

 25,598

 

Refined silver

(troy koz)

 213

 265

 198

 201

 184

 184

 213

 

 

(1) Material mined refers to run of mine ore mined and hoisted.

 

Iron Ore

 

 

 

 

 

 

 

 

Iron ore production and sales are reported on a wet tonnes basis.

 

 

 

 

 

 

 

 

 

Pilbara, Australia

 

 

 

 

 

 

 

 

 

Production

 

 

 

 

 

 

 

 

 

Newman

(kt)

 18,006

 17,003

 15,817

 15,115

 18,008

 18,008

 18,006

 

Area C Joint Venture

(kt)

 12,163

 11,723

 11,002

 11,911

 12,384

 12,384

 12,163

 

Yandi Joint Venture

(kt)

 16,886

 15,960

 16,204

 18,325

 15,729

 15,729

 16,886

 

Jimblebar (1)

(kt)

 3,262

 4,852

 5,472

 5,304

 6,057

 6,057

 3,262

 

Wheelarra

(kt)

 7,259

 5,757

 4,562

 4,971

 5,409

 5,409

 7,259

 

Total production

(kt)

 57,576

 55,295

 53,057

 55,626

 57,587

 57,587

 57,576

 

Total production (100%)

(kt)

 67,161

 64,197

 61,454

 64,508

 66,681

 66,681

 67,161

 

 

Sales

 

 

 

 

 

 

 

 

 

Lump

(kt)

 14,003

 13,886

 13,380

 13,054

 14,156

 14,156

 14,003

 

Fines

(kt)

 43,587

 40,917

 40,078

 42,673

 42,278

 42,278

 43,587

 

Total

(kt)

 57,590

 54,803

 53,458

 55,727

 56,434

 56,434

 57,590

 

Total sales (100%)

(kt)

 67,177

 63,625

 61,927

 64,617

 65,368

 65,368

 67,177

 

 

(1) Shown on a 100% basis. BHP Billiton interest in saleable production is 85%.

 

Samarco, Brazil (1)

 

 

 

 

 

 

 

 

 

Production

(kt)

 3,739

 1,665

 -

 -

 -

 -

 3,739

 

 

 

 

 

 

 

 

 

 

 

Sales

(kt)

 3,531

 2,425

 224

 94

 12

 12

 3,531

                     

 

(1) Mining and processing operations remain suspended following the failure of the Fundão tailings dam and Santarém water dam on 5 November 2015.

 

Coal

 

 

 

 

 

 

 

 

Coal production is reported on the basis of saleable product.

 

Queensland Coal

 

 

 

 

 

 

 

 

 

Production (1)

 

 

 

 

 

 

 

 

 

BMA

 

 

 

 

 

 

 

 

 

Blackwater

(kt)

 1,803

 1,861

 1,756

 2,206

 1,981

 1,981

 1,803

 

Goonyella

(kt)

 1,868

 1,941

 2,478

 2,709

 2,123

 2,123

 1,868

 

Peak Downs

(kt)

 1,164

 1,323

 1,159

 1,385

 1,520

 1,520

 1,164

 

Saraji

(kt)

 1,037

 1,000

 1,046

 1,123

 1,238

 1,238

 1,037

 

Gregory Joint Venture (2)

(kt)

 707

 609

 13

 -

 -

 -

 707

 

Daunia

(kt)

 698

 616

 626

 684

 646

 646

 698

 

Caval Ridge

(kt)

 810

 857

 816

 1,118

 876

 876

 810

 

Total BMA

(kt)

 8,087

 8,207

 7,894

 9,225

 8,384

 8,384

 8,087

 

 

BHP Billiton Mitsui Coal (3)

 

 

 

 

 

 

 

 

 

South Walker Creek

(kt)

 1,511

 1,275

 1,268

 1,382

 1,341

 1,341

 1,511

 

Poitrel

(kt)

 836

 916

 747

 963

 804

 804

 836

 

Total BHP Billiton Mitsui Coal

(kt)

 

2,347

 

2,191

 

2,015

 

2,345

 

2,145

 

2,145

 

2,347

 

Total Queensland Coal

(kt)

 10,434

 10,398

 9,909

 11,570

 10,529

 10,529

 10,434

 

 

Sales

 

 

 

 

 

 

 

 

 

Coking coal

(kt)

 7,015

 7,642

 7,348

 8,059

 7,240

 7,240

 7,015

 

Weak coking coal

(kt)

 3,246

 2,695

 2,681

 3,196

 2,799

 2,799

 3,246

 

Thermal coal

(kt)

 86

 290

 241

 310

 206

 206

 86

 

Total

(kt)

 10,347

 10,627

 10,270

 11,565

 10,245

 10,245

 10,347

 

(1) Production figures include some thermal coal.

(2) Longwall mining at Crinum completed during the December 2015 quarter.

(3) Shown on a 100% basis. BHP Billiton interest in saleable production is 80%.

 

 

Haju, Indonesia (1)

 

 

 

 

 

 

 

 

 

Production

(kt)

 15

 87

 167

 260

 102

 102

 15

 

 

 

 

 

 

 

 

 

 

 

Sales - export

(kt)

 -

 -

 148

 239

 117

 117

 -  

 

(1) Shown on 100% basis. BHP Billiton interest in saleable production is 75%. BHP Billiton completed the sale of IndoMet Coal on 14 October 2016.

 

New Mexico, USA

 

 

 

 

 

 

 

 

 

Production

 

 

 

 

 

 

 

 

 

Navajo Coal (1)

(kt)

 1,270

 1,403

 694

 632

 451

 451

 1,270

 

San Juan Coal (2)

(kt)

 1,406

 1,229

 418

 -

 -

 -

 1,406

 

Total

(kt)

 2,676

 2,632

 1,112

 632

 451

 451

 2,676

 

 

Sales thermal coal - local utility

 

 

 

2,671

 

 

2,661

 

 

 1,106

 

 

613

 

 

105

 

 

105

 

 

2,671

 

 

(1) Subsequent to the completion of the divestment of Navajo Mine on 29 July 2016, no further production will be reported by BHP Billiton. BHP Billiton will continue to manage Navajo Coal in accordance with the Mine Management Agreement until 31 December 2016.

(2) BHP Billiton completed the sale of San Juan Mine on 31 January 2016.

 

NSW Energy Coal, Australia

 

 

 

 

 

 

 

 

 

Production

(kt)

 4,644

 4,277

 4,189

 3,991

 3,952

 3,952

 4,644

 

 

Sales

 

 

 

 

 

 

 

 

 

Export thermal coal

(kt)

 4,130

 5,081

 3,410

 3,993

 3,640

 3,640

 4,130

 

Inland thermal coal

(kt)

 253

 229

 234

 440

 331

 331

 253

 

Total

(kt)

 4,383

 5,310

 3,644

 4,433

 3,971

 3,971

 4,383

 

Cerrejon, Colombia

 

 

 

 

 

 

 

 

 

Production

(kt)

 2,527

 2,628

 2,610

 2,329

 2,928

 2,928

 2,527

 

 

Sales thermal coal - export

 

(kt)

 

 

2,853

 

 

 2,565

 

 

 2,339

 

 

 2,844

 

 

2,905

 

 

 2,905

 

 

2,853

 

Other

 

 

 

 

 

 

 

 

Nickel production is reported on the basis of saleable product.

 

Nickel West, Australia

 

 

 

 

 

 

 

 

 

Production

 

 

 

 

 

 

 

 

 

Nickel contained in concentrate

(kt)

 

0.7

 

0.2

 

0.3

 

0.3

 

 0.3

 

0.3

 

0.7

 

Nickel contained in finished matte

(kt)

 

5.0

 

2.6

 

2.8

 

5.8

 

 1.8

 

1.8

 

5.0

 

Nickel metal

(kt)

 16.4

 12.4

 16.9

 17.3

 16.7

 16.7

 16.4

 

Total nickel production

(kt)

 22.1

 15.2

 20.0

 23.4

 18.8

 18.8

 22.1

 

 

Sales

 

 

 

 

 

 

 

 

 

Nickel contained in concentrate

(kt)

 

0.7

 

0.2

 

0.3

 

 0.3

 

0.3

 

 0.3

 

0.7

 

Nickel contained in finished matte

(kt)

 

4.2

 

3.7

 

2.7

 

 5.9

 

1.8

 

 1.8

 

4.2

 

Nickel metal

(kt)

 15.6

 12.1

 17.8

 17.4

 16.5

 16.5

 15.6

 

Total nickel sales

(kt)

 20.5

 16.0

 20.8

 23.6

 18.6

 18.6

 20.5

 

 

 

 

 

 

 

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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