Production&Shipment Report

BHP Limited 31 January 2001 Production and Shipment Report Quarter DECEMBER 2000 QUARTER ENDED 6 MONTHS 6 MONTHS 31 DEC 31 DEC TO DEC TO DEC % 2000 1999 % change 2000 1999 Change Minerals Steelmaking and Energy Materials Production Coal ('millions t) 14.973 13.023 15% 28.041 27.154 3% Iron Ore -West Aust ('millions t) 13.700 11.062 24% 28.329 24.292 17% Iron Ore - Brazil ('millions t) 1.860 1.664 12% 3.638 3.220 13% HBI - Venezuela ('000 t) 82 - N/A 82 - N/A HBI -West Aust ('000 t) 291 147 98% 396 259 53% Shipments Coal ('millions t) 15.352 12.630 22% 28.918 26.076 11% Iron Ore - West Aust ('millions t) 14.275 12.428 15% 28.402 25.582 11% Iron Ore - Brazil ('millions t) 2.097 1.680 25% 3.720 3.672 1% HBI -Venezuela ('000 t) 66 - N/A 66 - N/A HBI - West Aust ('000 t) 107 118 -9% 161 239 -33% Non-Ferrous and Industrial Materials Production Copper in concentrate ('000 t) 190 169 12% 379 360 5% Copper cathodes (SXEW)('000 t) 28 28 -3% 55 57 -4% Gold in concentrate (fine oz) 153,350 108,632 41% 326,343 242,630 35% Silver in (lead) concentrate ('000 oz) 8,194 6,903 19% 16,389 13,602 20% Lead in concentrate (tonnes) 52,108 47,502 10% 106,137 95,608 11% Zinc in concentrate (tonnes) 21,335 15,337 39% 36,891 31,712 16% Diamonds ('000 carats) 318 316 0% 626 635 -1% Shipments Copper ('000 t) 203 223 -9% 349 488 -29% Copper cathodes (SXEW)('000 t) 26 26 0% 55 56 -2% Gold (fine oz) 168,818 130,782 29% 297,589 317,086 -6% Silver in concentrate ('000 oz) 7,095 7,525 -6% 14,580 13,994 4% Lead in concentrate (tonnes) 45,300 52,485 -14% 93,805 98,148 -4% Zinc in concentrate (tonnes) 15,726 15,965 -1% 29,579 32,548 -9% Petroleum Production Crude oil & condensate ('000 bbl) 20,085 19,066 5% 40,904 36,818 11% Natural gas (bcf) 60.8 59.0 3% 122.6 115.9 6% LPG ('000 t) 155.3 170.3 -9% 328.1 336.9 -3% Ethane ('000 t) 12.1 19.7 -39% 35.3 41.9 -16% Methanol ('000 t) - 8.5 -100% - 17.3 -100% Steel Core Production Raw steel ('000 t) 1,372 1,361 1% 2,827 2,766 2% Marketable steel products ('000 t) 1,268 1,529 -17% 2,507 2,417 4% Despatches Steel despatches ('000 t) 1,236 1,157 7% 2,473 2,349 5% Discontinuing Operations Production Raw steel ('000 t) 135 307 -56% 508 1,088 -53% Marketable steel products ('000 t) 171 732 -77% 711 1,537 -54% Despatches Steel despatches ('000 t) 166 765 -78% 692 1,559 -56% Figures include BHP share of production from joint ventures and 100% of production from controlled entities (unless otherwise stated). PRODUCTION AND SHIPMENT REPORT (1) - DECEMBER 2000 QUARTER ENDED 6 MONTHS 6 MONTHS 31 DEC 31 DEC TO DEC TO DEC 2000 1999 2000 1999 MINERALS (1) (2) Coal Production Queensland CQCA Blackwater (millions tonnes) 1.076 0.908 2.132 1.777 Goonyella (millions tonnes) 0.965 0.860 1.889 1.752 Peak Downs (millions tonnes) 0.886 0.832 1.779 1.774 Saraji (millions tonnes) 0.433 0.498 1.041 1.098 Norwich Park (millions tonnes) 0.434 0.503 0.914 1.085 Gregory Joint Venture Gregory (millions tonnes) 0.109 0.382 0.406 0.550 Crinum (millions tonnes) 0.861 0.401 1.415 1.094 BHP Mitsui Coal Moura (3) (millions tonnes) 0.000 0.000 0.000 0.554 Riverside (millions tonnes) 0.727 0.834 1.472 1.547 South Walker Creek (Trial Mine (millions tonnes) 0.798 0.609 1.467 1.276 BHP total share of production (Queensland) (millions tonnes) 6.289 5.827 12.515 12.507 Queensland - QCT Resources Limited (4) CQCA (millions tonnes) 0.732 0.000 0.732 0.000 Gregory Joint Venture (millions tonnes) 0.173 0.000 0.173 0.000 South Blackwater(millions tonnes) 0.355 0.000 0.355 0.000 1.260 0.000 1.260 0.000 NSW Illawarra Collieries (millions tonnes) 1.328 1.367 3.066 3.060 BHP total share of production (NSW) (millions tonnes) 1.328 1.367 3.066 3.060 Indonesia (5) Senakin (millions tonnes) 1.050 1.138 1.974 2.158 Satui (millions tonnes) 0.871 0.769 1.730 1.628 Petangis (millions tonnes) 0.213 0.209 0.456 0.454 BHP total share of production (Indonesia) (millions tonnes) 2.134 2.116 4.160 4.240 USA New Mexico Operations Navajo Mine (millions tonnes) 2.119 2.219 3.663 4.432 San Juan Mine (millions tonnes) 1.843 1.494 3.377 2.915 BHP total share of production (USA) (millions tonnes) 3.962 3.713 7.040 7.347 BHP total share of production (millions tonnes) 14.973 13.023 28.041 27.154 Total Coal Shipments Metallurgical (millions tonnes) 8.670 7.149 15.600 14.243 Thermal (millions tonnes) 6.682 5.481 13.318 11.833 BHP total share of shipments (millions tonnes) 15.352 12.630 28.918 26.076 (1) Production and shipments data includes BHP's share of production from joint ventures and 100% of production from controlled entities (unless otherwise stated). (2) Coal production is reported on the basis of saleable product. (3) Sale of Moura Mine was effective 20 August 1999. (4) Production reported represents BHP's equity interest in MetCoal Holdings (50%). MetCoal Holdings is 50/50 owned by BHP and Mitsubishi Development Pty Ltd and acquired OCT Resources Limited in November 2000. (5) Production reported at 86.5%, after allowing for the Indonesian state - owned corporation's 13.5% share of all production. MINERALS (1) QUARTER ENDED 6 MONTHS 6 MONTHS 31 DEC 31 DEC TO DEC TO DEC 2000 1999 2000 1999 Iron Ore Production Western Australia Mt Newman Joint Venture Mt Whaleback (millions tonnes) 4.260 2.493 8.214 5.749 OB 23/25 (millions tonnes) 1.024 1.100 2.470 2.594 Goldsworthy Joint Venture (millions tonnes) 1.669 1.717 3.245 3.505 Yandi Joint Venture (millions tonnes) 5.535 4.577 12.092 9.973 Jimblebar (millions tonnes) 1.212 1.175 2.308 2.471 BHP total share of production (Western Australia)(millions tonnes) 13.700 11.062 28.329 24.292 Brazil Samarco (2) (millions tonnes) 1.860 1.664 3.638 3.220 Australian Shipments Lumps (millions tonnes) 3.614 3.317 7.433 7.082 Fines (millions tonnes) 10.661 9.111 20.969 18.500 BHP total share of Australian shipments (millions tonnes) 14.275 12.428 28.402 25.582 Brazil Samarco (2) (millions tonnes) 2.097 1.680 3.720 3.672 Hot Briguetted Iron - Venezuela (2) Production ('000 tonnes) 82 45 131 84 Shipments ('000 tonnes) 66 44 107 91 Hot Briquetted Iron - Western Australia Production ('000 tonnes) 291 147 396 259 Shipments ('000 tonnes) 107 118 161 239 (1) Production and shipments data includes BHP's share of production from joint ventures and 100% of production from controlled entities (unless otherwise stated). (2) Production & shipments reported is the proportion of total production & shipments determined by BHP's equity interest in Samarco Mineracao (50%) and Orinoco Iron C.A. (50%). MINERALS (1) QUARTER ENDED 6 MONTHS 6 MONTHS 31 DEC 31 DEC TO DEC TO DEC 2000 1999 2000 1999 COPPER PRODUCTION SUMMARY Copper in Concentrate Chile 109.7 107.6 223.1 226.4 ('000 tonnes) PNG 55.9 38.8 107.4 89.8 Peru 24.8 23.0 48.2 44.0 Total 190.4 169.4 378.8 360.2 Gold in Concentrate Chile 17 586 18 443 38 050 41 004 (fine ounces) PNG 130 307 78 383 274 663 180 944 Peru 5 457 11 806 13 630 20 682 Total 153 350 108 632 326 343 242 630 Copper Cathodes SXEW Chile 20.5 20.2 40.4 40.1 ('000 tonnes) USA (2) 7.1 8.3 14.2 16.5 Total 27.5 28.5 54.6 56.6 Copper Smelting and Refining Saleable Rod 0.0 9.3 0.0 48.6 (all sources) ('000 tonnes) Gold Fine Ounces 0 22 962 0 50 180 COPPER SHIPMENTS SUMMARY Cooper (3) Chile 122.5 116.0 211.9 232.1 ('000 tonnes) PNG 55.5 38.8 93.1 91.9 Peru 25.3 20.9 43.6 39.0 Smelter and Refinery (2) BHP Source 0.0 9.5 0.0 30.0 Custom and Purchased 0.0 38.0 0.0 95.4 203.3 223.2 348.6 488.4 Gold (fine ounces) Chile 21 838 21 582 39 420 45 449 (fine ounces) PNG 141 549 75 522 246 135 189 111 Peru 5 431 10 430 12 034 18 035 Smelter and Refinery (2) BHP Source 0 20 273 0 37 293 Custom and Purchased 0 2 975 0 27 198 168 818 130 782 297 589 317 086 Copper Cathodes (SXEW) Chile 19.8 17.6 41.9 39.5 ('000 tonnes) USA (2) 6.0 8.3 13.1 16.5 25.8 25.9 55.0 56.0 1) Production and shipments data includes BHP's share of production from joint ventures and 100% of production from controlled entities (unless otherwise stated). (2) Following the announcement on 25 June 1999, production at North American copper operations have ceased, other than SXEW operations which continue at the Pinto Valley and San Manual mines. (3) Excludes USA and Chile Copper Cathodes (SXEW) shipments. QUARTER ENDED 6 MONTHS 6 MONTHS 31 DEC 31 DEC TO DEC TO DEC 2000 1999 2000 1999 MINERALS (1) (2) Escondida, Chile - Copper Material mined (100% Basis) ('000 tonnes) 77 436 65 000 152 994 126 919 Ore milled (100% ('000 tonnes) 11 534 11 678 23 894 23 188 Average head grade - Copper (%) 1.94 1.85 1.89 1.95 Production ex Mill - 100% ('000 tonnes) 190.37 187.36 389.87 397.00 Production Copper in concentrate ('000 tonnes) 109.66 107.57 223.14 226.40 Gold in concentrate(fine ounces) 17 586 18 443 38 050 41 004 Copper cathodes (SXEW) ('000 tonnes) 20.5 20.2 40.4 40.1 Shipments Copper in concentrate ('000 tonnes) 122.50 115.96 211.90 232.10 Gold (fine ounces) 21 838 21 582 39 420 45 449 Copper cathodes (SXEW) ('000 tonnes) 19.8 17.6 41.9 39.5 Ok Tedi. Papua New Guinea - Copper Material mined ('000 tonnes) 22 673 21 058 44 972 42 960 Ore milled ('000 tonnes) 8 286 6 769 15 657 14 001 Average head grade Copper (%) 0.91 0.73 0.92 0.78 Gold (g/t) 0.77 0.63 0.88 0.67 Production Copper in concentrate ('000 tonnes) 55.9 38.8 107.4 89.8 Gold in concentrate(fine ounces) 130 307 78 383 274 663 180 944 Shipments Copper ('000 tonnes) 55.5 38.8 93.1 91.9 Gold (fine ounces) 141 549 75 522 246 135 189 111 (1) Production and shipments data includes BHP's share of production from joint ventures and 100% of production from controlled entities (unless otherwise stated). (2) Material mined, ore treated and average head grade data is based on total mine activity. All copper operations are controlled entities except Escondida, Chile which is a joint venture (BHP share 57.5%). QUARTER ENDED 6 MONTHS 6 MONTHS 31 DEC 31 DEC TO DEC TO DEC 2000 1999 2000 1999 MINERALS (1) (2) Tintaya. Peru - Copper Material mined ('000 tonnes) 16 723 14 314 33 118 27 812 Ore milled ('000 tonnes) 1 744 1 469 3 364 2 858 Average head grade Copper (%) 1.56 1.67 1.56 1.67 Production Copper in concentrate ('000 tonnes) 24.8 23.0 48.2 44.0 Gold in concentrate (fine ounces) 5 457 11 806 13 630 20 682 Shipments Copper ('000 tonnes) 25.3 20.9 43.6 39.0 Gold (fine ounces) 5 431 10 430 12 034 18 035 San Manuel Mine. USA - Copper (3) Production Copper cathodes (SXEW) ('000 tonnes) 2.7 3.5 5.5 7.0 Pinto Valley. USA - Copper (3) Production Copper cathodes (SXEW) ('000 tonnes) 4.4 4.8 8.7 9.6 (1) Production and shipments data includes BHP's share of production from joint ventures and 100% of production from controlled entities (unless otherwise stated). (2) Material mined, ore treated and average head grade data is based on total mine activity. All copper operations are controlled entities except Escondida, Chile which is a joint venture (BHP share 57.5%). (3) Following the announcement on 25 June 1999, production at North American copper operations have ceased, other than SXEW operations which continue at the Pinto Valley and San Manuel mines. QUARTER ENDED 6 MONTHS 6 MONTHS 31 DEC 31 DEC TO DEC TO DEC 2000 1999 2000 1999 MINERALS (1) Diamonds (2) Ekati, Canada Production Diamonds ('000 carats) 318 316 626 635 Silver, Lead & Zinc Cannington, Australia Material mined (100% Basis) ('000 tonnes) 460 365 890 790 Ore milled 100% ('000 tonnes) 461 392 869 779 Average head grade Silver (g/t) 615 592 633 571 Lead (%) 13.50 13.82 13.99 13.37 Zinc (%) 5.90 4.18 5.52 4.44 Production Silver in (lead) concentrate ('000 ounces) 8 194 6 903 16 389 13 602 Lead in concentrate (tonnes) 52 108 47 502 106 137 95 608 Zinc in concentrate (tonnes) 21 335 15 337 36 891 31 712 Shipments Silver in concentrate('000 ounces) 7 095 7 525 14 580 13 994 Lead in concentrate (tonnes) 45 300 52 485 93 805 98 148 Zinc in concentrate (tonnes) 15 726 15 965 29 579 32 548 Platinum Group Metals (3) Hartley, Zimbabwe Production (BHP Share) Platinum in final leach concentrate (ounces) 0 3 603 0 9 063 Palladium in final leach concentrate (ounces) 0 2 641 0 6 944 Rhodium in final leach concentrate (ounces) 0 217 0 611 Shipments (BHP Share) Platinum in final leach concentrate (ounces) 0 1 000 0 13 984 Palladium in final leach concentrate (ounces) 0 767 0 9 705 Rhodium in final leach concentrate (ounces) 0 174 0 1 078 (1) Production and shipments data includes BHP's share of production from joint ventures and 100% of production from controlled entities (unless otherwise stated). (2) Ekati, Canada commissioned during October 1998. BHP's interest in the joint venture and reported share of production is 51 %. (3) BHP's interest in the joint venture and reported share of production is 67%, however BHP has an effective economic interest of 90.1 On the 2 June 1999 BHP announced that it had signed an agreement with Zimbabwe Platinum Mines Limited (Zimplats) for the conditional sale by BHP to Zimplats of its interest in Hartley and Mhondoro joint venture projects in Zimbabwe. QUARTER ENDED 6 MONTHS 6 MONTHS 31 DEC 31 DEC TO DEC TO DEC 2000 1999 2000 1999 PETROLEUM (1) Crude Oil & Condensate ('000 barrels) Australia / Asia Bass Strait 7 124 9 196 14 928 18 968 North West Shelf Condensate 1 201 1 300 2 426 2 798 Wanaea /Cossack 1 885 1 469 3 568 2 265 Laminaria (2) 3 875 1 785 8 244 1 785 Buffalo (2) 763 42 1 520 42 Other Australia Griffin 1 714 1 469 3 706 3 336 Asia - PNG 0 455 0 1 178 Americas 944 955 1 770 1 923 Europe/Russia/Africa/Middle East Liverpool Bay 1 978 1 610 3 694 3 226 Other Europe - Bruce/Keith 601 785 1 048 1 297 Total 20 085 19 066 40 904 36 818 Natural gas (billion cubic feet) Australia / Asia Bass Strait 18.96 15.99 46.74 41.34 North West Shelf - Domestic 3.28 3.32 6.41 6.79 North West Shelf - LNG 13.83 14.91 29.02 30.46 Griffin 0.82 0.25 1.57 0.67 Americas 5.38 4.04 10.59 7.85 Europe/Russia/Africa/Middle East Bruce 9.38 9.03 14.39 10.95 Keith 0.11 0.00 0.11 0.0 Liverpool Bay 9.07 11.46 13.75 17.88 Total 60.8 59.0 122.6 115.9 LPG ('000 tonnes) Bass Strait 96.10 127.27 224.25 258.13 North West Shelf 30.69 28.44 62.17 56.31 Griffin 1.39 0.84 2.96 2.21 Bruce 26.72 13.75 38.29 20.20 Keith 0.43 0.00 0.43 0.00 Total 155.3 170.3 328.1 336.9 Ethane ('000 tonnes) 12.09 19.66 35.31 41.92 Methanol ('000 tonnes) 0.00 8.47 0.00 17.29 (1) Includes BHP's share of production from joint ventures and 100% of production from controlled entities. (2) Laminaria commenced production in November 1999 and Buffalo commenced production in December 1999. QUARTER ENDED 6 MONTHS 6 MONTHS 31 DEC 31 DEC TO DEC TO DEC 2000 1999 2000 1999 STEEL - CORE BUSINESSES (1) ('000 tonnes unless stated otherwise) Production Iron Sands New Zealand 712 646 1 435 1 222 Coke Australia 599 603 1 215 1 202 Iron Australia 1 231 1 222 2 529 2 496 Raw Steel Port Kembla Steelworks 1 226 1 198 2 535 2 472 Glenbrook Steelworks (NZ) 146 163 292 294 Total Raw Steel 1 372 1 361 2 827 2 766 Raw Steel Delta, Ohio USA (6) 186 175 379 346 Marketable steel products Flat Products Flat and Tinplate Products 1 152 1 469 2 394 2 383 Coated Products Rolled and Coated Products 464 522 995 1 051 Flat and Coated Products (NZ) 125 150 263 279 Rolled and Coated Products (Offshore) 98 62 168 133 Building Products (includes offshore) 34 45 74 90 Sub Total (2) 1 268 1 529 2 507 2 417 - Delta, Ohio USA (6) 182 171 371 339 Despatches (3) Business Unit Flat Products 1 069 1 169 2 312 2 345 Coated Products 691 712 1 423 1 482 Sub Total (4) 1 236 1 157 2 473 2 349 External Australia Domestic (5) 503 466 988 984 Export 515 489 1 056 934 New Zealand Domestic (5) 62 51 129 96 Export 55 84 123 193 Other Offshore 102 67 176 142 Total 1 236 1 157 473 2 349 Delta, Ohio USA (6) 177 162 367 327 (1) Includes BHP's share of production from joint ventures and 100% of production from controlled entities. (2) The total excludes production for intra-business sales. Therefore, the total figure for BHP Steel is less than the sum of the individual businesses. (3) Steel products only. Excludes pig iron and by-products. (4) The total excludes intra-business despatches. Therefore, the total figure for BHP Steel is less than the sum of the despatches of the individual business units. (5) Includes despatches to OneSteel Limited from 1 November 2000. (6) Investments. Production and despatches reported is that proportion of total production and despatches determined by BHP's equity interest: North Star BHP LLC (50%). QUARTER ENDED 6 MONTHS 6 MONTHS 31 DEC 31 DEC TO DEC TO DEC 2000 1999 2000 1999 STEEL - DISCONTINUING OPERATIONS (1) (2) ('000 tonnes unless stated otherwise) Production Iron Ore Australia 254 777 909 1 472 Coke Australia 49 154 198 467 Iron Australia 102 285 372 984 Raw Steel Whyalla Steelworks 99 226 344 474 Newcastle Steelworks 0 0 0 434 Sydney Steel Mill 36 81 164 180 Total Raw Steel 135 307 508 1 088 Marketable steel products Long Products Rod, Bar and Wire Products 33 175 151 357 Structural & Rail Products 76 224 299 449 Merchandising and Tube Products 64 226 273 455 Other Offshore (USA (3) Roll Formed Products 0 108 0 218 Sub Total (4) 171 732 711 1 537 Despatches (5) Business Unit Long Products 166 668 701 1 360 Other Offshore (USA) (3) 0 107 0 219 Sub Total 166 765 692 1 559 External Australia Domestic 150 539 631 1 079 Export 16 119 61 261 Offshore (3) 0 107 - 219 Total 166 765 692 1 559 (1) Includes BHP's share of production from joint ventures and 100% of production from controlled entities. (2) December 2000 data reflects the impact of the OneSteel spinout effective 31 October 2000. (3) US Steel Businesses were sold in June 2000. (4) Steel products only. Excludes pig iron and by-products. (5) The total excludes production for intra-business sales. Therefore, the total figure for BHP Steel is less than the sum of the individual businesses.
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