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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 />
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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.