UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
May 30, 2013
| BHP BILLITON LIMITED (ABN 49 004 028 077) (Exact name of Registrant as specified in its charter) |
BHP BILLITON PLC (REG. NO. 3196209) (Exact name of Registrant as specified in its charter) |
| VICTORIA, AUSTRALIA (Jurisdiction of incorporation or organisation)
180 LONSDALE STREET, MELBOURNE, VICTORIA 3000 AUSTRALIA (Address of principal executive offices) |
ENGLAND AND WALES (Jurisdiction of incorporation or organisation)
NEATHOUSE PLACE, VICTORIA, LONDON, UNITED KINGDOM (Address of principal executive offices) |
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: x Form 20-F ¨ Form 40-F
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934: ¨ Yes x No
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): n/a
bhpbilliton
resourcing the future
BHP Billiton Limited
180 Lonsdale Street
Melbourne Victoria 3000 Australia
GPO BOX 86
Melbourne Victoria 3001 Australia
Tel +61 1300 55 47 57 Fax +61 3 9609 4372
bhpbilliton.com
BHP Billiton Plc
Neathouse Place
London SW1V 1BH UK
Tel +44 20 7802 4000
Fax + 44 20 7802 4111
bhpbilliton.com
30 May 2013
To: Australian Securities Exchange London Stock Exchange
cc: New York Stock Exchange JSE Limited
QUEENSLAND COAL SITE TOUR
BHP Billiton advises that the Queensland Coal site tour will continue on Thursday, 30 May 2013 with a tour of the Peak Downs mine and Caval Ridge project.
A copy of the presentation is attached.
The presentation materials will be available on the BHP Billiton website at www.bhpbilliton.com.
Jane McAloon
Group Company Secretary
BHP Billiton Limited ABN 49 004 028 077
Registered in Australia
Registered Office: 180 Lonsdale Street Melbourne Victoria 3000
BHP Billiton Plc Registration number 3196209
Registered in England and Wales
Registered Office: Neathouse Place, London SW1V 1BH United Kingdom
The BHP Billiton Group is headquartered in Australia
BMA
BMA overview
bhpbilliton
resourcing the future
Stephen Dumble
Asset President BMA
30 May 2013
Disclaimer
bhpbilliton
resourcing the future
Forward looking statements
This presentation contains forward looking statements, including statements regarding: trends in commodity prices and currency exchange rates; demand for commodities; plans, strategies and objectives of management; closure or divestment of certain operations or facilities (including associated costs); anticipated production or construction commencement dates; capital costs and scheduling; operating costs and shortages of materials and skilled employees; anticipated productive lives of projects, mines and facilities; provisions and contingent liabilities; tax and regulatory developments.
Forward looking statements can be identified by the use of terminology such as ‘intend’, ‘aim’, ‘project’, ‘anticipate’, ‘estimate’, ‘plan’, ‘believe’, ‘expect’, ‘may’, ‘should’, ‘will’, ‘continue’ or similar words. These statements discuss future expectations concerning the results of operations or financial condition, or provide other forward looking statements.
These forward looking statements are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results to differ materially from those expressed in the statements contained in this presentation. Readers are cautioned not to put undue reliance on forward looking statements.
For example, our future revenues from our operations, projects or mines described in this presentation will be based, in part, upon the market price of the minerals, metals or petroleum produced, which may vary significantly from current levels. These variations, if materially adverse, may affect the timing or the feasibility of the development of a particular project, the expansion of certain facilities or mines, or the continuation of existing operations.
Other factors that may affect the actual construction or production commencement dates, costs or production output and anticipated lives of operations, mines or facilities include our ability to profitably produce and transport the minerals, petroleum and/or metals extracted to applicable markets; the impact of foreign currency exchange rates on the market prices of the minerals, petroleum or metals we produce; activities of government authorities in some of the countries where we are exploring or developing these projects, facilities or mines, including increases in taxes, changes in environmental and other regulations and political uncertainty; labour unrest; and other factors identified in the risk factors discussed in BHP Billiton’s filings with the US Securities and Exchange Commission (the “SEC”) (including in Annual Reports on Form 20-F) which are available on the SEC’s website at www.sec.gov.
Except as required by applicable regulations or by law, the Group does not undertake any obligation to publicly update or review any forward looking statements, whether as a result of new information or future events.
Non-IFRS financial information
BHP Billiton results are reported under International Financial Reporting Standards (IFRS) including Underlying EBIT and Underlying EBITDA which are used to measure segment performance. This presentation also includes certain non-IFRS measures including Attributable profit excluding exceptional items, Underlying EBITDA interest coverage, Underlying effective tax rate, Underlying EBIT margin and Underlying return on capital. These measures are used internally by management to assess the performance of our business, make decisions on the allocation of our resources and assess operational management. Non-IFRS measures have not been subject to audit or review.
UK GAAP financial information
Certain historical financial information for periods prior to FY2005 has been presented on the basis of UK GAAP, which is not comparable to IFRS or US GAAP. Readers are cautioned not to place undue reliance on UK GAAP information.
No offer of securities
Nothing in this presentation should be construed as either an offer to sell or a solicitation of an offer to buy or sell BHP Billiton securities in any jurisdiction.
Reliance on third party information
The views expressed in this presentation contain information that has been derived from publicly available sources that have not been independently verified. No representation or warranty is made as to the accuracy, completeness or reliability of the information. This presentation should not be relied upon as a recommendation or forecast by BHP Billiton.
Queensland Coal site tour, 30 May 2013
Slide 2
Disclaimer
bhpbilliton
resourcing the future
Metallurgical Coal Resources
This presentation includes information on Metallurgical Coal Resources (inclusive of Coal Reserves). Metallurgical Coal Resources are compiled by: R Macpherson (MAIG). This is based on Metallurgical Coal Resource information in the BHP Billiton 2012 Annual Report for all assets. All reports can be found at www.bhpbilliton.com.
All information is reported under the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, 2004’ (the JORC Code) by the above mentioned person who is employed by BHP Billiton and has the required qualifications and experience to qualify as a Competent Person for Mineral or Coal Resources under the JORC Code. The compiler verifies that this report is based on and fairly reflects the Metallurgical Coal Resources information in the supporting documentation and agree with the form and context of the information presented.
Metallurgical Coal Resource classifications (100% basis) for each province, where relevant, are contained in Table 1.
Table 1
Asset
Measured Resource (million tonnes)
Indicated Resource (million tonnes)
Inferred Rescource (million tonnes)
BHP Billiton interest (%)
Metallurgical coal
CQCA and Gregory JV 2,812 4,524 3,772 50
BHP Mitsui 183 1,119 1,082 80
Illawarra Coal 283 453 589 100
IndoMet Coal 83 33 658 75
Queensland Coal site tour, 30 May 2013
Slide 3
Program
bhpbilliton
resourcing the future
Day 1: Wednesday, 29 May 2013
BHP Billiton Coal overview
Metallurgical coal market outlook
Metallurgical coal financial performance
Metallurgical coal projects
Hay Point overview
Hay Point site visit
Day 2: Thursday, 30 May 2013
BMA overview
Peak Downs site visit
Caval Ridge site visit
Dean Dalla Valle
Vicky Binns
Gideon Oberholzer
Phil Hynes
Stephen Dumble
Stephen Dumble
Queensland Coal site tour, 30 May 2013
Slide 4
Key themes
bhpbilliton
resourcing the future
• A capable management team with deep operational and commercial expertise
• Continued improvement in our HSEC performance
• Unparalleled resource position in the world’s premier coal basin
• Our unique infrastructure underpins our competitive advantage
• Strong recent recovery in production following wet weather and industrial activity
• We have delivered significant cost savings with more to come
• A performance based culture will drive greater productivity and increase returns from installed infrastructure
Queensland Coal site tour, 30 May 2013
Slide 5
Operationally experienced leadership team
bhpbilliton
resourcing the future
Asset President
Stephen Dumble
Head of Finance
Gerhard Ziems
Head of Projects
Marco Pires
Head of Business
Development
Geoff Streeton
Head of Production – Mining
Brandon Craig
Head of Production – Rail, Port, Infrastructure
Gordon Carlyle
Head of Resource,
Planning and Development
Mick Spencer
Head of Technology Development
Steve Hadwen
Head of Alliance Planning and Coordination
Michelle Ash
Head of Health, Safety and Environment
Steve Rae
Head of Human Resources
Nick Lake
Head of External Affairs
Vincent Cosgrove
Queensland Coal site tour, 30 May 2013
Slide 6
Relentless focus on keeping our people safe
bhpbilliton
resourcing the future
BMA Total Recordable Injury Frequency
(TRIF, 12 month moving average)
16
12
8
4
0
TRIF
Fatality
Jun 08 Jun 09 Jun 10 Jun 11 Jun 12
Queensland Coal site tour, 30 May 2013
Slide 7
Investing to build strong relationships with our local communities
bhpbilliton
resourcing the future
E-reefs partnership
CQU Indigenous Chair
Shave for a Cure
BMA Kidspace Mackay
Delivering Affordable Housing
Rescue Helicopter Partnership
Moranbah District Support Services
Local Buying Program
Queensland Coal site tour, 30 May 2013
Slide 8
The Bowen Basin is the premier metallurgical coal basin
bhpbilliton
resourcing the future
• Large coal resources support long mine lives
• Predominately high quality hard coking coal
• Flat topography, favourable geology and thick coal seams are conducive to efficient mining operations
• Established infrastructure with relatively short transport distances to deep water export terminals
• Proximity to key growth markets
SW CROSS-SECTION NE
Rangal Coal Measures
Moranbah Coal Measures
Queensland Coal site tour, 30 May 2013
Slide 9
Our resource, people and infrastructure underpin our competitive advantage
bhpbilliton
resourcing the future
• We are the largest private employer in Central Queensland with ~10,000 employees and contractors
• We have seven mines in operation with coal resources of 11.1 billion tonnes1 (100% basis)
• In FY12 we moved 1.4 billion tonnes of material, more than four times that of our Western Australia Iron Ore business
• Key BMA fleet statistics
– 35 draglines (world’s largest fleet)
– 32 shovels and excavators
– 182 dump trucks
– 162 dozers
– 141 loaders
1. Coal Resources are tabulated in Disclaimer Table 1.
Queensland Coal site tour, 30 May 2013
Slide 10
BMA is currently operating at supply chain capacity
bhpbilliton
resourcing the future
• Industrial action and wet weather severely constrained production in FY11 and FY12
• Strong recovery in production following conclusion of the BMA enterprise agreement in October 2012
• We have optimised the portfolio with the temporary closure of the high cost Norwich Park and Gregory open cut mines
• With completion of our projects BMA capacity will be 59 mtpa (100% basis)
• We are focused on our productivity agenda
– maximise utilisation of installed capacity and debottleneck the system
– reduce operating costs
– complete projects in execution
BMA production capacity1
(million tonnes per annum, 100% basis)
80
60
40
20
0
49
44
40 37
10
5
59
FY10
FY11
FY12
FY13e
Latent
capacity
Projects in execution
FY15e
1. Includes major projects in execution; FY15 capacity excludes Norwich Park and Gregory nominal capacity.
Queensland Coal site tour, 30 May 2013
Slide 11
We are better prepared to respond to future heavy rainfall events
bhpbilliton
resourcing the future
• We experienced significant water accumulation from record wet seasons in FY10, FY11 and FY12
• In response, we implemented a comprehensive program of work
– A$100 million invested in increased piping and pumping capacity
– landform work to protect open mining areas
– increased discharge capacity
– wider discharge windows following assessment of salinity impacts and environmental authority amendments
– on site water evaporation
• Our discharge performance is fully compliant
• Our actions will reduce risk surrounding future heavy rainfall events
Goonyella Riverside pumps – discharge capacity 6870 litres/second
Peak Downs rapid discharge facility
Saraji irrigation
Queensland Coal site tour, 30 May 2013
Slide 12
We will improve productivity by targeting the bottlenecks
bhpbilliton
resourcing the future
• We have a clear understanding of our installed capacity, the performance benchmarks and the bottlenecks
• Pre-strip remains the system bottleneck
– it is the highest cost contributor with shovel utilisation the key to higher productivity
• We have implemented several measures to increase productivity
– new larger 797 trucks
– increased availability (benefits from 1SAP)
– focused on planning, measurement and management
• We are also lifting individual truck hours
– improved shift change processes
– in-pit truck refuelling
– optimised truck cycle times
– upgraded dispatch and reporting systems
– implemented through crew engagement and empowerment
BMA 797 truck fleet targeted improvement
(hours/month, index, FY13e = 100)
150
100
50
0
FY13e
Availability
Utilisation
FY14e
Goonyella 797 truck fleet utilisation
(annualised hours)
6,000
4,000
2,000
0
Sep 11
Oct 11
Nov 11
Dec 11
Jan 12
Feb 12
Mar 12
Apr 12
May 12
Jun 12
Jul 12
Aug 12
Sep 12
Oct 12
Nov 12
Dec 12
Queensland Coal site tour, 30 May 2013
Slide 13
A performance based culture will drive greater productivity
bhpbilliton
resourcing the future
• We are driving improvement with a “Lean” based approach
– extensive use of visual performance metrics
– important metrics are monitored from operations to crew level
– workforce participation in planning, measurement and in corrective action
– individual crew and operator performance analysis, allows for coaching
• Effective employee engagement and a performance based culture will drive greater productivity and increase returns from installed infrastructure
Queensland Coal site tour, 30 May 2013
Slide 14
We continue to “plan the work and work the plan”
bhpbilliton
resourcing the future
• Planned work is more efficient and drives greater accountability
• Our systems are driving an increased focus on planning to improve equipment availability and labour efficiency
• We have noted a significant improvement in performance since the implementation of 1SAP in September 2012
• We have a disciplined work management process for planning, scheduling and execution
– targeting 80% of work planned (weekly)
– targeting 80% adherence to schedule on the day
– schedule > 80% of available hours
• Benchmarking supports our pursuit of best practice
Work management performance
(%)
100
80
60
40
20
0
Target
Sep 12 Oct 12 Nov 12 Dec 12 Jan 13 Feb 13 Mar 13
Planned and scheduled work
Adherence to schedule done on the day
Queensland Coal site tour, 30 May 2013
Slide 15
Our bottom-up approach will reset our cost base
bhpbilliton
resourcing the future
• Cost reviews have been completed for all operations
• We have set clear targets to rebase costs
• Our cost reduction focus stretches across the operations
– mining in the right area and at the lowest cost
– full visibility of capacity, maximise productivity of BMA assets
– eliminate excess equipment and related cost
• We will displace excess contractor volumes and renegotiate rates for remaining volumes
• We will schedule all remaining contractor resources to maximise performance
BMA
Queensland Coal site tour, 30 May 2013
Slide 16
Leveraging technology to deliver value for our shareholders
bhpbilliton
resourcing the future
• Longwall Top Coal Caving at Broadmeadow
– first installation in Queensland
– expect to lift recoveries from ~60% to 90% in the Goonyella Middle Seam
– increases production rates with design capacity of over 8 mtpa
– lowers unit costs
• Equipment automation
– automated drill trial underway at Blackwater mine
– autonomous haul trucks successfully trialled at New Mexico Coal with WAIO next to implement
• Integrated Remote Operations Centre (IROC)
– WAIO facility fully functional
– BMA assessment is well progressed
Longwall top coal caving shield
Autonomous drill rig in operation at BMA
Queensland Coal site tour, 30 May 2013
Slide 17
Providing operational flexibility and increased employee choice
bhpbilliton
resourcing the future
• A new three year BMA Enterprise Bargaining Agreement was signed in October 2012
– agreement covers seven BMA mines
– enables BMA to more effectively run its business
– removed constraints and lowered ancillary costs
– provides flexibility on accommodation and commute
• There is a strong focus on leadership development and delivering on commitments in the new agreement
• Other agreements are typically three years in duration with varying expiry dates
• We now have a portfolio of employment options including residential, regional commute and FIFO
– Daunia and Caval Ridge will be FIFO from Cairns and Brisbane
BMA
Queensland Coal site tour, 30 May 2013
Slide 18
Key themes
bhpbilliton
resourcing the future
• A capable management team with deep operational and commercial expertise
• Continued improvement in our HSEC performance
• Unparalleled resource position in the world’s premier coal basin
• Our unique infrastructure underpins our competitive advantage
• Strong recent recovery in production following wet weather and industrial activity
• We have delivered significant cost savings with more to come
• A performance based culture will drive greater productivity and increase returns from installed infrastructure
Queensland Coal site tour, 30 May 2013
Slide 19
bhpbilliton
resourcing the future
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| BHP Billiton Limited and BHP Billiton Plc | ||||
| Date: May 30, 2013 | By: | /s/ Jane McAloon | ||
| Name: | Jane McAloon | |||
| Title: | Group Company Secretary | |||