BHP Billiton decides to pass on potash export facility, WSJ says BHP Billiton decided not to renew its agreement for Port of Vancouver's 100-acre terminal five site as it evaluates how quickly it needs to bring the Jansen project into production, reports the Wall Street Journal. The company had let the exclusivity agreement expire last week, an agreement that would have given BHP Billiton the right to develop a potash facility for its Canadian Jansen project. A company spokeswoman said the move allows management "to actively investigate and assess alternative rail and port options" in Canada and the U.S." Reference Link
BHP Billiton provides operational update Group production increased by 9% during the December 2014 half year with records achieved for eight operations and five commodities. Production guidance remains unchanged and we are on track to deliver Group production growth of 16% over the two years to the end of the 2015 financial year. Metallurgical coal production increased by 21% to 26 Mt in the December 2014 half year as Queensland Coal and Illawarra Coal both achieved record half year volumes. Western Australia Iron Ore production increased by 15% to a record of 124 Mt (100% basis) in the December 2014 half year as the ramp-up of Jimblebar continued and we improved the availability, utilisation and rate of our integrated supply chain. Petroleum production increased by 9% to a record 131 MMboe in the December 2014 half year supported by a 71% increase in Onshore US liquids volumes to 24.4 MMboe. Copper production decreased by 2% to 813 kt as strong underlying operating performance across the business was offset by lower grades at Antamina. Record manganese ore and alumina production was underpinned by strong performances at both Hotazel and the Alumar refinery.