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106<br />

MINING | BHP Billiton<br />

CEO Andrew Mackenzie<br />

In the longer term, BHP aspires to increase<br />

WAIO production to 270mtpa as a result<br />

of removing bottlenecks from the supply<br />

chain and ramping up Jimblebar production<br />

further to 55mtpa.BHP’s Queensland Coal<br />

business achieved record production and<br />

sales volumes in FY14 as a new mine came<br />

online, another ramped up and others<br />

produced more coal than ever before.<br />

Part of the company’s overall 45mtpa of<br />

metallurgical coal production came from the<br />

first production from the Caval Ridge Mine<br />

in the Bowen Basin, operated by BHP and<br />

Mitsubishi’s 50/50 joint venture BHP Billiton<br />

Mitsubishi Alliance (BMA).<br />

The successful ramp-up the Daunia mine,<br />

also in the Bowen Basin and operated by<br />

BMA, also contributed to the increase in<br />

metallurgical coal production, as did the<br />

achievement of record production rates at<br />

the Peak Downs and Saraji mines operated<br />

by BMA, as well as the South Walker Creek<br />

and Poitrel mines operated by BHP Billiton<br />

Mitsui Coal (BMC), a joint venture with<br />

Mitsubishi of which BHP owns 80%. BHP<br />

forecasts that the imminent ramp-up of the<br />

Caval Ridge Mine will increase its overall<br />

metallurgical coal production by 4% in FY15,<br />

bringing the total to 47mtpa.<br />

Copper, petroleum and<br />

energy coal<br />

As mentioned by CEO Andrew Mackenzie<br />

above, BHP’s copper and petroleum<br />

businesses also exceeded expectations.<br />

Copper production at Escondida in Chile<br />

increased by 2% in FY14 to 1.7mtpa. This is<br />

on track to increase to 1.27mtpa in FY15,<br />

leading a 5% increase in copper production<br />

across the entire BHP group to 1.8mtpa.<br />

Petroleum production of 246 million barrels<br />

of oil equivalent (mmboe) exceeded guidance<br />

in FY14 and was 4% higher than achieved<br />

in FY13. BHP’s Onshore US business did<br />

particularly well, increasing its production by<br />

73% and driving the group’s total produced<br />

liquid volume up 18% higher than achieved in<br />

FY13. BHP expects to increase its petroleum<br />

production by 5% in FY15 to 255mmboe, and<br />

to increase its high-margin liquids volumes by<br />

16mmboe.<br />

The Operational Review for FY14 states that<br />

BHP remains confident that its Onshore US<br />

business will be strongly EBIT positive in the<br />

2015 financial year as the liquids contribution<br />

rises to approximately 40% of total shale<br />

production. In CEO Andrew Mackenzie’s<br />

concluding statement, he looks toward FY15<br />

with great positivity.<br />

Australian owned<br />

and operated<br />

goodline.com.au<br />

HEAD OFFICE LOCATION<br />

LeveLevel 2, 2 Innovation Parkway,<br />

Kawana QLD 4575<br />

Phone: (07) 5413 5400<br />

Weipa<br />

30 Iraci Avenue<br />

Weipa QLD 4874<br />

Phone: (07) 4090 6500<br />

Port Hedland<br />

6 Murrena Street<br />

Wedgefield WA 6721<br />

Phone: (08) 9160 2600<br />

Darwin<br />

35 Lilwall Road<br />

East Arm NT 0822<br />

Phone: (08) 8944 5000<br />

General Enquiries<br />

tenders@goodline.com.au<br />

Partnering with BHP in the Pilbara<br />

Goodline has been a proud partner of BHP in the Pilbara since 2005 assisting<br />

with major and minor works on the Rapid Growth Projects and Inner Harbor<br />

Project in Port Hedland WA ,being a privately owned Australian company<br />

specializing in the construction, maintenance and operational needs of the<br />

mining, marine, hydro carbon and building industry Goodline was well placed to<br />

provide the tailored services only a local company could deliver.<br />

Goodline’s can do approach has provided additional strength to BHP<br />

developments and we are proud of our involvement in key projects including<br />

Nelson Pt LRP3 Deconstruction and extensive capacity upgrade works as part of<br />

the Inner Harbour Development at Nelson Pt and Finucane Island, throughout<br />

the growth Goodline has provided specialist shutdown maintenance services<br />

with safety and efficiency being paramount.<br />

Employing trades of all disciplines, Goodline has the capacity and experience to<br />

complete civil, structural, mechanical, hydraulic, electrical and instrumentation<br />

installations, these local skills have been used to provide comprehensive<br />

maintenance support to BHP both on site and also the extensive assets the<br />

company has throughout the Pilbara.<br />

Goodline is an experienced contractor capable of providing turn-key<br />

construction projects with the clients’ best interest as the highest priority.

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