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BHP Group Limited — Capital/Financing Update 2008
May 13, 2008
14787_rns_2008-05-13_e008dd04-988c-44dc-87c0-f0322263c864.pdf
Capital/Financing Update
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NEWS RELEASE
Release Time IMMEDIATE Date 14 May 2008 Number 18/08
BHP BILLITON PROVIDES FURTHER DETAILS ON ITS FUTURE GROWTH PROFILE
Marius Kloppers, Chief Executive Officer of BHP Billiton, spoke at the Merrill Lynch Global Mining conference in Florida on Tuesday, 13 May 2008. During his presentation, he reviewed BHP Billiton’s strategy of focussing on tier 1, low-cost and long-life assets. He also highlighted the Group’s scale and diversification as well as its focus on high margin commodities both in its current production profile and future development pipeline.
As part of his speech, he went on to outline BHP Billiton’s superior potential for growth relative to Rio Tinto. Over the period between 2007 and 2012, BHP Billiton’s compound annual growth rate (CAGR) is expected to be 6.9 per cent on a copper equivalent volume basis. On a comparable basis, Rio Tinto is expected to deliver a CAGR of around 6 per cent. More importantly BHP Billiton’s growth is driven by higher margin commodities such as petroleum and iron ore.
For further information please refer to Marius Kloppers' presentation at the Merrill Lynch Global Mining conference.
Further information on BHP Billiton can be found on our Internet site: www.bhpbilliton.com
Australia
Samantha Evans, Media Relations Tel: +61 3 9609 2898 Mobile: +61 400 693 915 email: [email protected]
Leng Lau, Investor Relations Tel: +61 3 9609 4202 Mobile: +61 403 533 706 email: [email protected]
United Kingdom & South Africa
Andre Liebenberg, Investor Relations Tel: +44 20 7802 4131 Mobile: +44 7920 236 974 email: [email protected]
Illtud Harri, Media Relations Tel: +44 20 7802 4195 Mobile: +44 7920 237 246 email: [email protected]
United States
Tracey Whitehead, Investor & Media Relations Tel: US +1 713 599 6100 or UK +44 20 7802 4031 Mobile: +44 7917 648 093 email: [email protected]
BHP Billiton Limited ABN 49 004 028 077 Registered in Australia Registered Office: 180 Lonsdale Street Melbourne Victoria 3000 Australia Tel +61 1300 55 4757 Fax +61 3 9609 3015
BHP Billiton Plc Registration number 3196209 Registered in England and Wales Neathouse Place London SW1V 1BH United Kingdom Tel +44 20 7802 4000 Fax +44 20 7802 4111
A member of the BHP Billiton group which is headquartered in Australia