Professional Documents
Culture Documents
27 September 2010
Disclaimer
No Offer of Securities
Nothing in this release 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.
Non-GAAP
Non GAAP Financial Information
BHP Billiton results are reported under International Financial Reporting Standards (IFRS). References to Underlying EBIT
and EBITDA exclude any exceptional items. A reconciliation to statutory EBIT is contained within the profit announcement,
available at our website www.bhpbilliton.com.
Competent Persons
p
This document includes information on Mineral Resources and/or Ore Reserves reported at various times between 1994
and 2010, as indicated for the individual citations. Competent Persons for Mineral Resources and Ore Reserves are
named in the BHP Billiton Annual Report of the cited year, which can be viewed at www.bhpbilliton.com. The Mineral
Resource and Ore Reserve information referenced in this document was sourced from and should be read together with
and subject to the notes set out in the appropriate BHP Billiton Annual Report.
The Mineral Resource and Ore Reserve information pertaining to BHP Billiton Base Metals deposits referenced in this
document is based on information compiled from Annual Report information by Richard Preece who is a Fellow of the
AusIMM and a full-time employee of BHP Billiton. Mr Preece has sufficient experience which is relevant to the styles of
mineralisation and types of deposit under consideration and to the activity which he is undertaking to qualify as a
Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves (The JORC Code). Mr Preece consents to the inclusion in this document of the matters
based on his information in the form and context in which it appears.
Time What
07 25
07:25 A i att Antofagasta
Arrive A t f t Ai
Airportt
11:00 - 11:40 Arrive at Villa San Lorenzo Safety Video and PPE
Safety induction
Key messages
Overview
HSEC
Financial performance
Growth
Exploration
Summary
Use
U h handrails
d il when
h on stairs
t i
Cameras
C can be used outside buildings
The operation is performing strongly following the successful SAG mill repair
Jorge
g Lopez
p Julio Aranis
VP Human Resources VP Mining
Highlights Headcount
7 000
7,000
Strong programs in place to build
people capacity: 6,000
Recordable Injury Frequency Rate Total Recordable Injury Frequency Rate (TRIFR)
(No. Recordable Injuries / Million hours worked)
reduced byy 8.2% and Classified Injury
j y
4
Frequency Rate reduced by 34%
3
Improvement in Fatal Risk Control
2
implementation and in Job Safety
1
Observation reporting
(22,765 JSO per month) 0
FY2004 FY2005 FY2006 FY2007 FY2008 FY2009 FY2010 FY2010
Target
Fatalities TRIFR 12 MR Combined FY2010 Target
Community
Minera Escondida has established two foundations: Fundacin Minera Escondida (FME) and
Fundacin Educacional Escondida ((FEE)) Centro Entrenamiento Industrial Minero ((CEIM))
Relationship with our closest neighbor: Coloso fishermen community
Atacamanian community work and development of inclusive business through
Escondida Foundation
Development
p of a Community y Plan for sustaining
g the g
growth of Escondida
National level initiatives: Santiago a Mil, Santiago in 100 Words and
Professionals for a Global Chile Scholarship program
Bicentennial projects
Bicentennial
Bi t i lA
Award d presented
t db
by fformer P
President
id t BBachelet
h l t
Alliances with relevant stakeholders allow project sustainability and positive networking
Strengthening of Escondidas reputation
Project expenditure of US$43 million in Antofagasta (US$82 million total with third party contribution)
Year 1995
LAN (1997) 29 1
Year 2010
Copec 3 2
N tl
Nestl 9 3
CMPC 1 4
Minera Escondida 20 5
Falabella (1997) 30 6
Via Concha y Toro (2005) 46 7
Cencosud 27 8
Coca-Cola 15 9
Procter & Gamble (2000) 36 10
3M (2000) 25 11
Unilever 8 12
Entel 12 13
Banco Santander 31 14
CCU 24 15
Los Colorados
Escondida Pit Escondida Norte Pit
Laguna Seca Approximately
Concentrator Plants 225 ktpd ore processed
Crusher
Sulphide Ore
Stock
Dumps
Copper
Oxide Ore Cathodes
Stock
Crusher Oxide Acid Leach
Port of
Antofagasta
900
Phase 3
Phase 2 +50 ktpd 2
+15 ktpd
600
Phase 1
35 ktpd
1
300
0 0
FY1991
FY1992
FY1993
FY1994
4
FY1995
FY1996
FY1997
FY1998
FY1999
FY2000
FY2001
FY2002
FY2003
FY2004
4
FY2005
FY2006
FY2007
FY2008
FY2009
FY2010
Copper in concentrate Copper in cathode Escondida head grade (%)
1,600
1,397 1,389
1,400
1 262
1,262
1,200 1,105 1,118
1,066
980
1,000
800
600
400
200
0
FY2004 FY2005 FY2006 FY2007 FY2008 FY2009 FY2010
Completed:
Central
C t l berms
b
Mine traffic and signage
Safety video (care of hands,
use of binnacle)
Numeration and reflective tapes
for mine equipment
Collision Detection System
Shovel & Tyre dozer
Implementation:
Collision Detection System
Trucks & Light Vehicle
Fatigue & drowsiness control
(OPTALERT)
Dust control and mine road
stabilisation
Average
g monthly
y energy
gy consumption
p of
62,000 MWh
400
75
200
0 0
(a)
FY2007 FY2008 FY2009 FY2010 FY2007 FY2008 FY2009 FY2010
Cathode production
(kt)
400
Cathode sulphide leach
300
181 190
200
103 130
100
0
FY2007 FY2008 FY2009 FY2010
C1 cash cost
(US/lb Cu)
250
200
Escondida
150
100
50
0
2,000 4,000 6,000 8,000 10,000 12,000 14,000
(50)
(100)
(150)
Cumulative production
(kt)
Source: Brook Hunt Q2 2010, 2010 C1 cash cost (normal costing). Adjusted for Pampa Norte.
China
21%
South America
26%
6% Japan
Asia
66% 24%
South Korea
Other Asia 9%
North America 1%
India
1%
11%
Europe
7%
Note: Volumes includes concentrates & cathodes, source BHP Billiton Marketing. Analysis is in accordance with marketing rights and includes 100% Escondida volumes.
(kt) (%)
1,600 Production Headgrade 2.0
1,200 1.5
(5% 10%)
800 1.0
400 0.5
0 0.0
FY2006 FY2007 FY2008 FY2009 FY2010 FY2011
5,296
Escondida has been among the worlds 5,072
top
p producers
p for two decades
1,078 Escondida
898 Codelco Norte
Copper production
(ktpa) 4,063
3,076
741 Escondida 718 g
Grasberg
679 Codelco Norte
707 Chuquicamata
5,000 100
4 000
4,000 80
3,000 60
2,000 40
1 000
1,000 20
0 0
91
92
93
94
95
96
97
98
99
00
01
02
03
04
05
06
07
08
09
10
FY199
FY199
FY199
FY199
FY199
FY199
FY199
FY199
FY199
FY200
FY200
FY200
FY200
FY200
FY200
FY200
FY200
FY200
FY200
FY201
Measured Indicated Inferred Tonnage fed to concentrators
The Mineral Resource information, compiled from Annual Report information by Richard Preece, was sourced from and should be read together with and subject to the notes set out
in the BHP Billiton Annual Reports between 1994 and 2010.
*Note: Laguna Seca includes Laguna Seca debottlenecking project, in Definition (Feasibility)
The
Th project
j t will
ill b
bring
i fforward
d
access to high grade ore
High grade ore
New
N concentrator
t t plant
l t and
d
demolition of Los Colorados
Processing capacity
(Mtpa)
600
500
400
300
OGP3
200
OGP2
OGP1
100
Drilling meters
(('000)
000)
I
Investment
t t
(US$ million)
Cluster Escondida
Cluster Chimborazo
0 500 1 000
1,000 1 500
1,500 2 000
2,000
Total Lease (4,100 km2)
Pinta
Baker
In addition,
addition Pampa Escondida in Verde Pampa
a pa
Escondida Martina
advanced stage of evaluation
Escondida
Este
Hamburgo
Escondida Exotic
Sur
Cenicero
Cornucopia
5 km
The operation is performing strongly following the successful SAG mill repair