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BHP Billiton Metallurgical Coal Negotiations Update

Number 09/10

BHP Billiton today announced that it had reached terms for a significant portion of its hard coking coal volumes for 2010, based on a structural change to shorter term market based pricing for the contract period.

The company has reached agreement with a range of customers throughout Europe, China, India and Japan.

These settlements reflect the company’s commitment to achieving market clearing prices over time across all its bulk commodities.