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BHP Billiton releases operational review

Published by , 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

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