Profile: BHP Billiton Ltd (BHP.N)
21 Oct 2016
BHP Billiton Limited, incorporated on August 13, 1885, is a global resources company. The Company is a producer of various commodities, including iron ore, metallurgical coal, copper and uranium. The Company's segments include Petroleum, Copper, Iron Ore and Coal. The Petroleum segment is engaged in the exploration, development and production of oil and gas. The Copper segment is engaged in mining of copper, silver, lead, zinc, molybdenum, uranium and gold. The Iron Ore segment is engaged in mining of iron ore. The Coal segment is engaged in mining of metallurgical coal and thermal (energy) coal. The Company extracts and processes minerals, oil and gas from its production operations located primarily in Australia and the Americas. It manages product distribution through its global logistics chain, including freight and pipeline transportation. The Company sells its products through direct supply agreements with its customers and on global commodity exchanges. Its businesses include Minerals Australia, Minerals Americas, Petroleum and Marketing.
The Minerals Australia asset group includes operated assets in Western Australia, Queensland, New South Wales and South Australia. Its assets focus on copper, iron ore, coal and nickel. Its copper asset is Olympic Dam, which is located approximately 560 kilometers north of Adelaide. Olympic Dam operates a processing facility from ore to metal. Olympic Dam's underground mine is made up of over 450 kilometers of underground roads and tunnels, with a mine depth of approximately 860 meters. The operation extracts copper uranium ore, with the ore hauled by automated train to feed underground crushing, storage and ore hoisting facilities. Olympic Dam's processing plant consists of two grinding circuits in which copper concentrate is extracted from sulfide ore through a flotation extraction process. The operation includes a metallurgical complex with a grinding and concentrating circuit, a hydrometallurgical plant incorporating solvent extraction circuits for copper and uranium, a copper smelter, a copper refinery and a recovery circuit for precious metals. As of June 30, 2016, Olympic Dam produced 203 kilotons (kt) of copper cathode, 4.4 kt of uranium oxide, 118 thousand-ounces (koz) of refined gold and 917 koz of refined silver.
The Company's iron ore asset is WAIO, an integrated system of four processing hubs and five mines, connected by approximately 1,000 kilometers of rail infrastructure and port facilities in the Pilbara region of northern Western Australia. The Integrated Remote Operations Centre (IROC), located in Perth, monitors and operates the entire supply chain providing a real-time view of operations. IROC co-locates rail control, port production control, mine dispatch control and mine fixed plant control. As of June 30, 2016, WAIO produced 257 million tons (Mt) on a 100% basis. Its coal assets include Queensland Coal, New South Wales Energy Coal and IndoMet Coal (Indonesia). Queensland Coal consists of the BHP Billiton Mitsubishi Alliance (BMA) and BHP Billiton Mitsui Coal (BMC) assets in the Bowen Basin in Central Queensland, Australia. New South Wales Energy Coal consists of the Mt Arthur Coal open-cut energy coal mine in the Hunter Valley region of New South Wales, Australia. Its Nickel West is an integrated mine-to-market nickel business. All nickel operations (mines, concentrators, a smelter and refinery) are located in Western Australia.
The Minerals Americas asset group includes projects, operated and non-operated assets in Canada, Chile, Peru, the United States, Colombia and Brazil. Its assets and projects focus on copper, zinc, iron ore, coal and potash. Its copper assets in the Americas (Chile and Peru) consist of open-cut mines. Its copper assets include Escondida (Chile), Pampa Norte (Chile) and Antamina (Peru). Escondida, located in the Atacama Desert in northern Chile, is a copper porphyry deposit that also produces gold and silver. Pampa Norte consists of two operations in the Atacama Desert in northern Chile: Spence and Cerro Colorado. As of June 30, 2016, Spence and Cerro Colorado produced 174 kt and 77 kt, respectively, of copper cathode, using oxide and sulfide ore treatment through leaching, solvent extraction and electrowinning processes. Its iron ore asset is Samarco (Brazil). Its coal assets in the Americas (Colombia and the United States) consist of open-cut mines. New Mexico Coal consists of the Navajo mine, which is located on Navajo Nation land in New Mexico. It holds an interest in Cerrejon, which owns, operates and markets open-cut export energy coal mines, located in the La Guajira province of Colombia.
The Company's Petroleum unit consists of conventional and unconventional oil and gas operations, and includes exploration, development and production activities. It has a resource base concentrated in the United States and Australia. Its core production operations consist of conventional assets located in the United States Gulf of Mexico, Australia and Trinidad and Tobago and unconventional Onshore United States assets. It produces crude oil and condensate, gas and natural gas liquids (NGLs) that are sold on the international spot market or delivered domestically under contracts with varying terms, depending on the location of the asset. It operates two fields in the Gulf of Mexico: Shenzi (44% interest) and Neptune (35% interest). It holds non-operating interests in three other fields: Atlantis (44% interest), Mad Dog (23.9% interest) and Genesis (4.95% interest). The Company holds approximately 838,000 net acres in four United States shale areas: Eagle Ford, Permian, Haynesville and Fayetteville.
The Company's Eagle Ford area (approximately 252,000 net acres) consists of Black Hawk and Hawkville fields with production operations located primarily in the southern Texas counties of DeWitt, Karnes, McMullen and LaSalle. It produces condensate, gas and NGLs from the two fields. Its Permian production operation is located primarily in the western Texas county of Reeves and consists of approximately 93,000 net acres. Its Haynesville production operation is located primarily in northern Louisiana and consists of over 206,000 net acres. Its Fayetteville production operation is located in north central Arkansas and consists of approximately 287,000 net acres. The Company's Bass Strait operations are located between 25 and 80 kilometers off the southeastern coast of Australia. Its North West Shelf Project is located approximately 125 kilometers northwest of Dampier in Western Australia. It operates approximately six oil fields in Pyrenees, which are located offshore over 23 kilometers northwest of Northwest Cape, Western Australia.
The Company operates Macedon, an offshore gas field located approximately 75 kilometers west of Onslow, Western Australia and an onshore gas processing facility, located approximately 17 kilometers southwest of Onslow. It operates Minerva, a gas field located over 11 kilometers south-southwest of Port Campbell in western Victoria. The Company operates the Greater Angostura field, an integrated oil and gas development located offshore 40 kilometers east of Trinidad. Its Algerian operations consist of approximately six satellite oil fields that pump oil back to a processing train. It holds approximately 16% non-operating interest in the Bruce oil and gas field in the North Sea and over 31.83% non-operating interest in the Keith oil and gas field, a subsea tie-back.
The Marketing business unit is organized into two trading and marketing units (TMUs). Singapore is its primary Marketing business. Its other marketing business is located in Houston, the United States.
BHP Billiton Ltd
Shop 16 171 Collins St
MELBOURNE VIC 3000
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