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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Bhp Billiton | LSE:BLT | London | Ordinary Share | GB0000566504 | ORD $0.50 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1,573.00 | 1,571.40 | 1,572.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMBLT
RNS Number : 2327F
BHP Billiton PLC
16 May 2017
Issued by: BHP Billiton Plc Date: 16 May 2017 To: London Stock Exchange JSE Limited For Release: Immediately Contact: Helen Ratsey +44 (0) 20 7802 7540 ------------------- ------------------------------------------------- BHP Billiton Plc - 2017 Global Metals, Mining and Steel Conference Presentation ----------------------------------------------------------------------
UK Listing Authority Submissions
The following document has today been submitted to the National Storage Mechanism and will shortly be available for inspection at www.hemscott.com/nsm.do:
- 2017 Global Metals, Mining and Steel Conference Presentation
The document may also be accessed via BHP Billiton's website - www.bhpbilliton.com
BHP Billiton Plc Registration number 3196209
Registered in England and Wales
Registered Office: Nova South, 160 Victoria Street, London SW1E 5LB UK
A member of the BHP Billiton Group which is headquartered in Australia
NEWS RELEASE
Release Time IMMEDIATE Date 16 May 2017 Release Number 16/17
BHP provides update on progress to grow value and improve returns
BHP Chief Executive Officer Andrew Mackenzie today updated progress on the Company's roadmap to grow long-term shareholder value.
Speaking at the Bank of America Merrill Lynch Global Metals, Mining & Steel Conference, Andrew Mackenzie said: "At this conference one year ago, I outlined ambitious plans to improve returns and grow the value of BHP. Since that time, we have made consistent progress and we are confident that continued delivery of these plans, from our stronger base today, could grow the value of our Company by up to 50 per cent and almost double the return on capital."
Mr Mackenzie outlined key contributors to value creation. These include the following:
- Further cost reductions support a 10 per cent value uplift as we continue to leverage our simple portfolio, standardised systems and greater connectivity across the Company to further improve safety and productivity.
- The release of more latent capacity across the portfolio offers attractive returns for low-risk. For a total investment of US$5 billion, these opportunities could add over 20 per cent to current production at an average return of 75 per cent.
- Substantial advances in the operating capability and capital productivity of our shale assets continue to lower drilling and completion costs, supporting returns on invested capital in excess of 30 per cent on incremental investments. All options to fully realise the value of our shale acreage will be pursued, including further appraisal, new technology and additional asset sales and swaps. We will be flexible with our plans and commercial in our approach.
- Major growth projects valued at up to US$25 billion offer potential average returns of over 16 per cent at consensus prices. The Spence Growth Option will be considered by the Board in August 2017. Studies on the Olympic Dam expansion are progressing well. A phased expansion of our Jansen potash project is expected to generate competitive returns in stage 1, with significant potential upside in subsequent stages.
- Our focused Petroleum exploration program has an unrisked value of over US$20 billion, close to a quarter of which sits in low to medium risk prospects to be tested in the next two years. Recent successes in the Gulf of Mexico and Trinidad and Tobago, along with the successful Trion bid, give us the confidence to accelerate our counter-cyclical investment.
- Technology programs to improve safety, lower costs and unlock resource with an unrisked value of up to US$12 billion are among the most capital efficient options in the portfolio. Attractive options include leaching optimisation, mass mining methods and precision extraction.
"We have achieved a great deal over the past year but we are not standing still. Our roadmap today contains an enhanced set of opportunities that will see us prosper and grow value per share throughout the cycle, and in multiple price scenarios.
"Above all, we will remain disciplined, and drive consistent and transparent application of our capital allocation framework, which includes cash returns to shareholders.
"Our path is deliberate, with value and returns at the centre of everything we do."
Further information on BHP can be found at: bhpbilliton.com
Media Relations Investor Relations Australia and Asia Australia and Asia Ben Pratt Tara Dines Tel: +61 3 9609 3672 Mobile: Tel: +61 3 9609 2222 Mobile: +61 419 968 734 +61 499 249 005 Email: Ben.Pratt@bhpbilliton.com Email: Tara.Dines@bhpbilliton.com Paul Hitchins Tel: +61 3 9609 2592 Mobile: Andrew Gunn +61 419 315 001 Tel: +61 3 9609 3575 Mobile: Email: Paul.Hitchins@bhpbilliton.com +61 402 087 354 Email: Andrew.Gunn@bhpbilliton.com Fiona Hadley Tel: +61 3 9609 2211 Mobile: United Kingdom and South Africa +61 427 777 908 Email: Fiona.Hadley@bhpbilliton.com Rob Clifford Tel: +44 20 7802 4131 Mobile: Amanda Saunders +44 7788 308 844 Tel: +61 3 9609 3985 Mobile: Email: Rob.Clifford@bhpbilliton.com +61 417 487 973 Email: Amanda.Saunders@bhpbilliton.com Elisa Morniroli Tel: +44 20 7802 7611 Mobile: Kester Hubbard +44 7825 926 646 Tel: +61 7 3227 5671 Mobile: Email: Elisa.Morniroli@bhpbilliton.com +61 408 727 261 Email: Kester.Hubbard@bhpbilliton.com Americas United Kingdom and South Africa James Wear Tel: +1 212 310 1421 Mobile: Neil Burrows +1 347 882 3011 Tel: +44 207 802 7484 Email: James.Wear@bhpbilliton.com Email: Neil.Burrows@bhpbilliton.com Cristian Coloma North America Tel: +1 713 235 8902 Mobile: +1 346 234 8483 Bronwyn Wilkinson Email: Cristian.CA.Coloma@bhpbilliton.com Mobile: +1 604 340 8753 Email: Bronwyn.Wilkinson@bhpbilliton.com BHP Billiton Limited ABN 49 BHP Billiton Plc Registration 004 028 077 number 3196209 LEI WZE1WSENV6JSZFK0JC28 LEI 549300C116EOWV835768 Registered in Australia Registered in England and Wales Registered Office: Level 18, Registered Office: Nova South, 171 Collins Street 160 Victoria Street Melbourne Victoria 3000 Australia London SW1E 5LB United Kingdom Tel +61 1300 55 4757 Fax +61 Tel +44 20 7802 4000 Fax +44 3 9609 3015 20 7802 4111 Members of the BHP Billiton Group which is headquartered in Australia Follow us on social media
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
May 16, 2017 02:00 ET (06:00 GMT)
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