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BHP Group Limited — Capital/Financing Update 2008
Apr 30, 2008
14787_rns_2008-04-30_769f8547-7bd3-4295-91a2-18f6bcb23f2c.pdf
Capital/Financing Update
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NEWS RELEASE
Release Time IMMEDIATE Date 1 May 2008 Number 16/08
BHP BILLITON APPROVES WORSLEY ALUMINA EFFICIENCY & GROWTH PROJECT
BHP Billiton today announced approval for the Efficiency & Growth expansion project at Worsley Alumina in Western Australia for an estimated capital investment of US$1.9 billion (BHP Billiton’s 86 per cent share). This includes approximately US$70 million of sustaining capital.
The expansion project will lift capacity of the Worsley refinery from 3.5 million tonnes per annum (Mtpa) of alumina to 4.6 Mtpa (100 per cent capacity) through expanded mining operations, additional refinery capacity and upgraded port facilities.
The construction phase will start immediately and first production is expected in the first half of calendar year 2011.
BHP Billiton Aluminium President Jon Dudas said, “Worsley is one of the largest, lowest cost and most efficient alumina refineries in the world. This decision to invest in further production capacity underlines our confidence in the future of the alumina market. It also reflects our confidence in Worsley Alumina’s ability to continue its excellent track record of production growth".
Worsley Alumina is a Joint Venture partnership between BHP Billiton (86 per cent), Japan Alumina Associates (Australia) (10 per cent) and Sojitz Alumina (4 per cent).
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 BHP Billiton Plc Registration number 3196209 Registered in Australia Registered in England and Wales Registered Office: 180 Lonsdale Street Neathouse Place Melbourne Victoria 3000 Australia London SW1V 1BH United Kingdom Tel +61 1300 55 4757 Fax +61 3 9609 3015 Tel +44 20 7802 4000 Fax +44 20 7802 4111
A member of the BHP Billiton group which is headquartered in Australia