Prodn Report QE 30 June 2001

BHP Billiton Limited 31 July 2001 Release Time IMMEDIATE Date 31 July 2001 Number 06/01 PART 1 BHP BILLITON PRODUCTION REPORT FOR THE QUARTER ENDED 30 JUNE 2001 BHP Billiton today released its production report for the quarter ended 30 June, 2001. Production of most major mineral commodities was higher than both the corresponding period last year and the March 2001 quarter. * Aluminium production was 15 per cent higher than the corresponding period last year and in line with the March 2001 quarter following the commencement of production at the Mozal smelter in June 2000. Full production at Mozal (250,000 tonnes per annum) was reached in December 2000, only six months after commissioning. Production at Alumar and Valesul (Brazil) was in line with the March quarter, however power usage restrictions are expected to impact on production in the September 2001 quarter. * Copper production was 21 per cent higher than the corresponding period last year and in line with the March 2001 quarter. The increase in production compared to the corresponding period last year reflects the addition of Cerro Colorado, Alumbrera and Highland Valley mines following the acquisition of Rio Algom in October 2000. Slightly lower production compared to the March quarter was primarily due to lower production at Escondida as a result of reduced head grades and a major mill shutdown in June. * Iron Ore production was in line with the corresponding quarter last year and 12 per cent higher than the March 2001 quarter. Increased sales were recorded in all markets, with higher volumes to Chinese, Korean and Taiwanese customers accounting for the majority of the increase. BHP Billiton sold a record 71.3 million wet tonnes (100 per cent terms) of iron ore for the year ended 30 June 2001, an increase of 8.1 million wet tonnes over the previous twelve-month period. Record Yandi shipments of 30.7 million wet tonnes for the year contributed significantly to this result. * WA HBI production was higher than the March 2001 quarter reflecting continued production ramp-up. A new daily production record of 5,460 tonnes in June 2001 contributed to a record weekly production milestone of 35,305 tonnes. However a fire in May shut down Train 1 for a period of six weeks and Train 2 for 14 days and significantly impacted production during the quarter. * Coking Coal production during the period was 48 per cent higher than the corresponding quarter last year and 14 per cent higher than the March 2001 quarter. The increase is due to the acquisition of QCT Resources Limited and higher production from the Blackwater, Goonyella and Riverside mines to make up for the shortfall from other mines as a result of industrial action during the year. * Thermal Coal production during the period was in line with the corresponding quarter last year and the March 2001 quarter, reflecting the acquisition of Colombian coal assets CDC, in September 2000 (33.3 per cent interest), and CZN in November 2000 (16.6 per cent interest). This was offset, in part, by reduced production in South Africa following the sale of Glisa Colliery and Matla Coal Mines during the June 2001 quarter. * Ekati Diamond production was 15 per cent higher than the corresponding period last year and 14 per cent higher than the March 2001 quarter due to a combination of higher throughput and higher ore grade. Higher recoveries of low value diamonds were also recorded during the period from the Panda pipe. * Oil and Condensate production for the June 2001 quarter was 12 per cent lower compared to the corresponding period last year and eight per cent lower than the March 2001 quarter due to natural field decline at Bass Strait and the one-week shut-in of Laminaria/Corallina in June for scheduled maintenance. Production was also lower from Griffin due to the shut-in of the Scindian 3 well since early May. It is expected that the well will remain shut-in until early 2002. This was offset in part by the purchase of a 4.95 per cent interest in the Genesis field in January 2000, the commencement of production at the Keith field in November 2000, and higher production at Liverpool Bay. * Natural Gas production for the quarter was 13 per cent higher than the corresponding period last year and six per cent higher than the March 2001 quarter following the commencement of gas sales into the Eastern Gas Pipeline and additional nominations to Gascor, Victoria. Production of gas from the Zamzama field in Pakistan also commenced in March 2001. This was offset in part by reduced production at the North West Shelf Project following scheduled maintenance to LNG Train 3 and debottlenecking activities on the North Rankin A platform. * Raw Steel production during the quarter was in line with the corresponding period last year and four per cent higher than the March 2001 quarter. The performance of the Steel business during the year has been adversely affected by industrial action and major planned repairs to the Hot Strip Mill at the Port Kembla Steelworks. Production in the June 2001 quarter was higher than the March quarter, reflecting the greater number of days lost due to industrial action during the March quarter. Further information can be found on our Internet site: http:// www.bhpbilliton.com ENQUIRIES: Australia Dr. Robert Porter, Investor Relations Tel: + 61 3 9609 3540 Mobile: +61 419 587 456 email: Robert.Porter@bhpbilliton.com Mandy Frostick, Media Relations Tel: +61 3 9609 4157 Mobile: +61 419 546 245 email: Mandy.J.Frostick@bhpbilliton.com United Kingdom Marc Gonsalves, Investor Relations & Communications Tel: +44 20 7747 3956 Mobile: +44 7768 264 950 email: Marc.Gonsalves@bhpbilliton.com South Africa Michael Campbell, Investor & Media Relations Tel: +27 11 376 3360 Mobile: +27 82 458 2587 email: michael.j.campbell@bhpbilliton.com United States Francis McAllister, Investor Relations Tel: +1 713 961 8625 Mobile: +1 713 480 3699 email: Francis.R.McAllister@bhpbilliton.com MORE TO FOLLOW
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