UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
July 21, 2010
| BHP BILLITON LIMITED | BHP BILLITON PLC | |
| (ABN 49 004 028 077) | (REG. NO. 3196209) | |
| (Exact name of Registrant as specified in its charter) | (Exact name of Registrant as specified in its charter) |
| VICTORIA, AUSTRALIA | ENGLAND AND WALES | |
| (Jurisdiction of incorporation or organisation) |
(Jurisdiction of incorporation or organisation) | |
| 180 LONSDALE STREET, MELBOURNE, VICTORIA 3000 AUSTRALIA |
NEATHOUSE PLACE, VICTORIA, LONDON, UNITED KINGDOM | |
| (Address of principal executive offices) | (Address of principal executive offices) | |
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: x Form 20-F ¨ Form 40-F
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934: ¨ Yes x No
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): n/a
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| BHP Billiton Limited and BHP Billiton Plc | ||||
| Date: July 21 2010 | By: | /S/ JANE MCALOON | ||
| Name: | Jane McAloon | |||
| Title: | Group Company Secretary | |||
NEWS RELEASE
| Release Time | IMMEDIATE | |
| Date | 21 July 2010 | |
| Number | 19/10 |
BHP BILLITON EXPLORATION AND DEVELOPMENT REPORT
FOR THE QUARTER ENDED 30 JUNE 2010
Development
The Newcastle Third Port Project (energy coal) was completed in June 2010, ahead of schedule and budget. This project will not be reported in future Exploration and Development reports.
During the year ended 30 June 2010 a further three projects achieved first production and two projects were sanctioned for development. The three commissioned projects were Western Australia Iron Ore Rapid Growth Project 4 (iron ore), Klipspruit Expansion (energy coal) and Pyrenees (oil and gas). The sanctioned projects were MAC20 Project (energy coal) and Antamina Expansion (copper).
In addition, US$2.4 billion of pre-commitment expenditure was approved to accelerate development of Western Australia Iron Ore Rapid Growth Project 6 (iron ore), Caval Ridge and Hay Point Coal Terminal Stage 3 Expansion (both metallurgical coal) and the first stages of the Jansen Potash Project (potash).
| Project And Ownership |
Share Of Approved Capex US$M |
Initial Production Target Date |
Production Capacity (100%) |
Quarterly Progress | ||||
| Petroleum Projects | ||||||||
| Angostura Gas Phase II (Trinidad and Tobago) 45% Gas | 180 | H1 CY11 | 280 million cubic feet gas per day | On schedule and budget. Installation campaign is ongoing. Compression platform jacket installed. Topsides fabrication continues. The overall project is 69% complete. | ||||
| Bass Strait Kipper (Australia) 32.5% - 50% Gas/Gas Liquids | 500 | CY11 | 10,000 bpd condensate and processing capacity of 80 million cubic feet gas per day | Schedule and budget under review following advice from the operator. | ||||
| Bass Strait Turrum (Australia) 50% Gas/Gas Liquids | 625 | CY11 | 11,000 bpd condensate and processing capacity of 200 million cubic feet gas per day | Schedule and budget under review following advice from the operator. | ||||
| North West Shelf CWLH Life Extension (Australia) 16.67% Oil | 245 | CY11 | Replacement vessel with capacity of 60,000 bpd oil | On schedule and budget. Floating Production Storage and Offtake (FPSO) conversion continues. The overall project is 81% complete. | ||||
| North West Shelf North Rankin B Gas Compression (Australia) 16.67% LNG | 850 | CY12 | 2,500 million cubic feet gas per day | On schedule and budget. Jacket fabrication continuing ahead of schedule. The overall project is 51% complete. | ||||
Minerals Projects
| Worsley Efficiency & Growth (Australia) 86% Alumina | 1,900 | H1 CY11 | 1.1 million tpa of additional alumina | On schedule and budget. Construction is 27% complete. The overall project is 44% complete. | ||||
| Antamina Expansion (Peru) 33.75% Copper | 435 | Q4 CY11 | Increases ore processing capacity to 130,000 tpd | On schedule and budget. Engineering is 75% complete. Construction is 7% complete. The overall project is 18% complete. | ||||
| Iron Ore (Western Australia) RGP5 85% Iron Ore | 4,800 | H2 CY11 | 50 million tpa additional iron ore system capacity | On schedule and budget. Engineering is 97% complete. Construction is 61% complete. The overall project is 64% complete. | ||||
| Douglas-Middelburg Optimisation (South Africa) 100% Energy Coal | 975 | Mid CY10 | 10 million tpa export thermal coal and 8.5 million tpa domestic thermal coal (sustains current output) | On schedule and budget. Commissioning of the coal processing plant is underway. The overall project is 98% complete. | ||||
| Newcastle Third Port Project (Australia) 35.5% Energy Coal | 390 | Mid CY10 | 30 million tpa export coal loading facility | Project has been completed ahead of schedule and budget, with the terminal becoming operational in June 2010. | ||||
| MAC20 Project (Australia) 100% Energy Coal | 260 | H1 CY11 | Increases saleable thermal coal production by approximately 3.5 million tpa | On schedule and budget. Engineering is complete. Construction is 75% complete. The overall project is 81% complete. |
Minerals Exploration
Grassroots exploration continued on copper targets in Chile and Zambia; nickel targets in Australia; manganese targets in Gabon; and diamond targets in Canada. Exploration for iron ore, coal, bauxite, potash and manganese was undertaken in a number of regions including Australia, Canada, South America, Russia and Africa.
During the quarter, BHP Billiton confirmed the strength of its position in the Saskatchewan potash basin in Canada with the reporting of an in-situ Mineral Resource(1) of 3,370 million tonnes @ 25.4% K2O at its wholly-owned Jansen Potash Project. In addition, the Indonesian Coal Project (ICP) joint venture was formed following Government approvals. PT Adaro Energy TBK has acquired a 25 per cent interest in the ICP joint venture, with BHP Billiton holding the remaining 75 per cent.
For the year ended 30 June 2010, BHP Billiton spent US$516 million on minerals exploration, of which US$467 million was expensed. This includes US$73 million of exploration spend for potash in Saskatchewan, Canada.
(1) Competent Person’s Statement
The statement of Mineral Resource being presented is based on information compiled by J.McElroy (MAusIMM) BHP Billiton, B.Nemeth (MAusIMM) BHP Billiton, and A. D. Mackintosh (APEGS) A.D.M Consulting and relates to Mineral Resource estimates as at 10 May 2010. A full statement of the Mineral Resource is provided in a BHP Billiton news release dated 7 June 2010. Competent Persons are full time employees of BHP Billiton (unless otherwise stated), have sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity they are undertaking to qualify as a Competent Person as defined in the JORC Code. All Competent Persons are members of either the Australian Institute of Mining & Metallurgy (AusIMM) or a Recognised Overseas Professional Organisation (ROPO). The Competent Persons consent to the inclusion in this report of the matters based on their information in the form and context in which it appears.
Petroleum Exploration
Exploration and appraisal wells drilled during the quarter or in the process of drilling as at 30 June 2010.
| Well |
Location |
BHP Billiton Equity |
Status | |||
| Deep Blue-1 | Green Canyon Gulf of Mexico GC 723 |
31.875% BHP Billiton (Noble operator) |
Temporarily suspended Hydrocarbons encountered | |||
| Double Mountain-1 | Green Canyon Gulf of Mexico GC 555 |
70% BHP Billiton (operator) |
Plugged & abandoned Dry hole | |||
| Firefox-1 | Green Canyon Gulf of Mexico GC 817 |
50% BHP Billiton (operator) |
Plugged & abandoned Dry hole | |||
| Wolverine-1 | Laurentian Basin Canada E.L. 1087R |
45% BHP Billiton (CoP operator) |
Plugged & abandoned Dry hole | |||
| Bel Air-1 | Liverpool Bay 110/13b |
46.1% BHP Billiton (operator) |
Plugged & abandoned Dry hole | |||
| Toroa-1 | East Falkland Basin PL015_02 |
51% BHP Billiton (operator) |
Drilling ahead | |||
| Furness C-1 | Exmouth Sub-basin WA-255-P |
50% BHP Billiton (operator) |
Drilling ahead | |||
Petroleum exploration expenditure for the year ended 30 June 2010 was US$817 million, of which US$563 million was expensed.
Further information on BHP Billiton can be found on our Internet site: www.bhpbilliton.com.
| Australia Amanda Buckley, Media Relations Tel: +61 3 9609 2209 Mobile: +61 419 801 349 email: Amanda.Buckley@bhpbilliton.com |
United Kingdom & South Africa Andre Liebenberg, Investor Relations Tel: +44 20 7802 4131 Mobile: +44 7920 236 974 email: Andre.Liebenberg@bhpbilliton.com | |
| Fiona Martin, Media Relations Tel: +61 3 9609 2211 Mobile: +61 427 777 908 email: Fiona.Martin2@bhpbilliton.com |
Illtud Harri, Media Relations Tel: +44 20 7802 4195 Mobile: +44 7920 237 246 email: Illtud.Harri@bhpbilliton.com | |
| Leng Lau, Investor Relations Tel: +61 3 9609 4202 Mobile: +61 403 533 706 email: Leng.Y.Lau@bhpbilliton.com |
Americas Scott Espenshade, Investor Relations Tel: +1 713 599 6431 Mobile: +1 713 208 8565 email: Scott.Espenshade@bhpbilliton.com | |
| Brendan Harris, Investor Relations Tel: +61 3 9609 4323 Mobile: +61 437 134 814 email: Brendan.Harris@bhpbilliton.com |
Ruban Yogarajah, Media Relations Tel: US +1 713 966 2907 or UK +44 20 7802 4033 Mobile: UK +44 7827 082 022 email: Ruban.Yogarajah@bhpbilliton.com | |
| BHP Billiton Limited ABN 49 004 028 077 Registered in Australia Registered Office: 180 Lonsdale Street Melbourne Victoria 3000 Australia Tel +61 1300 55 4757 Fax +61 3 9609 3015 |
BHP Billiton Plc Registration number 3196209 Registered in England and Wales Registered Office: Neathouse Place London SW1V 1BH United Kingdom Tel +44 20 7802 4000 Fax +44 20 7802 4111 | |
Members of the BHP Billiton group which is headquartered in Australia