Company News Summary
BHP Billiton Provides Operational Review for the Half Year Ended 31 December 2016
Original announcement: Operational Review for the Half Year Ended 31 December 2016
BHP Billiton Provides operational review for the half year ended 31 December 2016. During the December 2016 quarter, the Company has Conditioning Plant project achieved initial gas sales, under budget, and production is ramping up to full rate. In December 2016, mechanical completion was achieved at the Escondida Water Supply project with first water expected to be delivered in the March 2017 quarter, on schedule and budget. These two projects will not be reported in future Operational Reviews. It has two major projects under development in Petroleum and Potash, with a combined budget of US$2.9bn over the life of the projects. Both projects remain on time and on budget. It expects Underlying attributable profit in the December 2016 half year to include gains related to asset divestments in a range of US$150m to US$200m.
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