BHP Billiton releases operational review
Published by Angharad Lock,
Digital Assistant Editor
World Coal,
BHP Billiton has released its operational review for the 9 months ending 31 March 2016.
The highlights included:
- The company is on track to deliver an average unit cost improvement of 14% across its major assets as productivity gains continue to be realised.
- Full year production guidance maintained for petroleum, copper and coal.
- Guidance at Western Australia Iron Ore (WAIO) reduced by 10 000 t to 260 000 t (100% basis).
- In petroleum, a US$640 million exploration programme is now planned for the 2016 financial year.
- Four major projects that are under development are going according to plan.
- The Escondida Biolech Pad Extension project was completed as planned during the March 2016 quarter.
BHP Billiton CEO, Andrew Mackenzie, commented: “Over the last 12 months, we have taken a number of steps to strengthen BHP Billiton, including asset sales and the deferral of investment for long-term value […] We have the potential to significantly grow the value of our company.”
Edited from press release by Angharad Lock
Read the article online at: https://www.worldcoal.com/coal/26042016/bhp-billiton-operational-review-2445/
You might also like
Electrification in Mining virtual conference
Join us on 16 April 2024 for Global Mining Review's first Electrification in Mining event is an interactive virtual conference, focusing on electrification as the future of sustainable mining and exploring the innovative approaches and technologies being developed to facilitate its implementation.
Industry veteran joins Arch Resources as Senior VP and COO
Arch Resources, Inc. has announced that George J. Schuller Jr has joined the company as Senior VP and COO, effective immediately.