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BHPB updates on major development projects

At the end of the 2014 financial year, BHP Billiton had eight low risk, largely brownfield major projects under development with a combined budget of USD 14.1 billion.

During the 2014 financial year we successfully completed six projects, namely: Macedon; North West Shelf North Rankin B Gas Compression; WAIO Jimblebar Mine Expansion; WAIO Port Blending and Rail Yard Facilities; Samarco Fourth Pellet Plant; and Caval Ridge. Caval Ridge was completed in the June 2014 quarter, ahead of schedule and under budget, and will not be reported in future Operational Reviews. Another two projects, Newcastle Third Port Stage 3 and Cerrejón P40, delivered first coal during the year.

A USD 212 million increase in the budget of the Escondida Oxide Leach Area project to USD 933 million has been approved. The project is now expected to be completed in the second half of the 2014 calendar year with no associated impact to production.

Source – Strategic research Institute

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